Sifting through dusty bins of secondhand sweaters was once seen as a necessity by depression era families. Not so today. Now, socially conscious #millennials seeking #upcycled clothing, scour the racks of The Flipping Peddler while young homeowners shop us in search of quality furniture. The resale industry itself is; according to Forbes, a lucrative one and The Flipping Peddler needs more pickers to fill the demand.
Selling used items is big business. Forbes estimates the resale industry in the U.S. to have annual revenues of over $28 Billion. What do you want to resell? Here are some ideas from the list of best selling items.
Clothing is the largest revenue generator in second hand stores, accounting for over 33 percent of industry revenue at 28 Billion, according to IBISWorld. Instead of paying higher retail prices, many people are switching to thrift stores for their clothing needs. The recent Paris fashion show showing of “Street Clothing” is one proof of this trend. IBISWorld also reports that women’s clothing and shoes accounts for about 60 percent of clothing sales, while the remainder is split evenly between children’s and men’s clothing. We have women’s and children’s clothing in the store, but we need a men’s clothing reseller.
A survey by the Pew Research Center’s Internet & American Life Project reveals that 78 percent of Americans ages 16 and older have read a book in the past twelve months. We have a vendors “common library” offering a good selection of new and used books at affordable prices. If you have books, we need them.
Used furniture is very popular at thrift stores. To periodically update their homes with a new look, many shoppers search for hidden gems in 2nd hand stores, with good craftsmanship that can be used “as is” or redesigned with a new look. Antiques are showing a resurgence as buyers are remodeling around more of an eclectic style. Sofas, tables, chairs, dressers and desks are a few of these items that attract buyers looking for furniture at way less than current retail prices.
Home decor items also sell well in thrift stores. Shoppers look for inexpensive items they can later alter to reflect their own design standards. Items such as picture frames and lamps can be customized to match their personality and style. With a little bit of creativity, home decor items can be redesigned into new creations. A thrift store reseller (perhaps you) at The Flipping Peddler can increase the market for these items by encouraging such actions in its advertising strategy.
From Estate Jewelry to new and artistically made new jewelry is a big seller in 2nd hand stores. Some people who come into The Flipping Peddler will only shop 2nd hand stores. Young couples in love for the first time, find us to be the best place to pledge their love for each other. Vendors new to the business of reselling also find jewelry easy and profitable to sell.
Want to get into the business of resell? We stand ready to help. Come in and see us at The Flipping Peddler, 3945 N. Academy Blvd in Colorado Springs. We are easy to find, just south of Austin Bluffs NW of Harmony Bowl behind Mountain High Appliance.