Keep those groups laid out and grab a bunch of index cards and a sharpie... it's time to label and price. You can use scrap pieces of paper, or cut 8 1/2" x 11" into smaller index card sizes... or I went to the Dollar Store and bought a 100 pcs. pack of 3x5 index cards for ... well you guessed it $1.00.
The labels must include the following information:
1. Consignor #
2. Price (in increments of 50 cents)
3. Description (optional)
the description is optional, the buyer appreciates knowing the
contents. The description doesn't need to be long, but it should
include information if the item is partially used or if there are known
missing pieces to kits. If anyone is selling Cricut cartridges, we do
ask that you disclose if the cartridge has been downloaded on a Gypsy.
get a lot of questions about how to price items. The best advice we
can give is... price it for what you would be willing to buy it for...
not what you wish you could sell it for. For example, you saw a jar of
flowers and you had that moment... the 'OMG... I HAVE TO HAVE THEM!'
moment. If the cost was $4.99... and you made 3 beautiful layouts, and
you only used half of them, you might reason and want to sell the
remaining flowers for $2.50. But, is someone willing to pay $2.50 for
them... would you? Items that are priced to sell, tend to sell. We
have given the bench mark that, 10 - 20 sheets of single sided pattern
paper sell for around $1.00. But, if you have very current product,
and we all know that one sheet of quality, name brands, double sided
paper, now goes for $0.89 or more.. you should definitely make the
appropriate price adjustments and price accordingly.
two different pricing strategies. The first one we will call it the 'I
have to have it' price strategy. It's much easier for shoppers to have
the 'OMG... I HAVE TO HAVE IT' moment, when the product is reasonably
priced. You may choose this strategy and keep your prices lower in
order to sell more items all together. Keep this in mind when you are
making your groups too... so if you have 50 sheets of single sided
pattern paper, you may consider making 5 groups at $1.00 each or 2
groups for $2.50 each.
pricing strategy we will call it the 'starting price' price strategy.
This is when maybe your not quite sure what price you want to mark your
item, so you choose a starting price, knowing that you will have the
opportunity to reduce the price if it has not sold. At around 5:30p,
when there is about 1.5 hours left in the sale, we will make an
announcement letting the consignors know that if they would like to
reduce prices on items that have not yet sold, they may do so at that
Lastly we will be
having the 'fire bin' sale at the very end of the sale. This is when
we will ask the consignors to determine a final price for all the
contents in their bin, as is.
Please note that
lowering pricing on your items, and participating in the 'fire bin' sale
are optional. For any consignors who are not staying for the crop, we
will have volunteers to help reduce prices on items not yet sold for
you at a rate of 50%, and determine a fire bin sale price by taking an
additional 50% off. For example let's say you had $20.00 worth of
product still left in your bin. The volunteers would reduce each item
by 50% and your bin would now have $10.00 worth of product in it. Let's
say $2.00 worth of product sold and your bin now contains $8.00. The
volunteers would determine your 'fire bin' price to be $4.00.
You will be amazed at how quickly $1.00 + $2.00 + $3.00 will add up!
If you have any questions, please do not hesitate to e-mail us at firstname.lastname@example.org
You can also find more information by reading the FAQ