612
I donated some spindles of burned media and programs to Salvation Army expecting they'd throw 'em out. They're selling 'em for $3.
(media.kbin.social)
this post was submitted on 13 Mar 2024
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Well yeah, consignment stores and thrift stores are inherently different business models. A thrift store owns the donated items they’re selling. A consignment store offers a storefront for items that people want to sell. Sort of like Facebook marketplace or eBay. The consignment skims off the top for operating costs and service fees, and then sends the rest of the money to the actual seller.
Say you have an item that you know is worth $250 on the market, but you don’t have an easy way of selling it yourself. You take it to a consignment store, and they add it to their shelf listed at $250. It sells. The consignment store takes $25 from the sale, and sends you the remaining $225. You made less than if you would have sold it yourself, but you were willing to pay $25 for the convenience and foot traffic of a storefront. Because again, you didn’t have the means to list it yourself, so you found a place that was willing to list it for you.