Monday June 30 2014
We are studying managerial accounting in ACCT 3314. This includes the idea of cutting costs. Nothing cuts cost quite like a zero inventory cost, hello consignment shop.
While this is not a new idea, I am thinking of a couple of new twists.
Here is the tage line for Concierge Sales
Discrete Sales of Previously Pampered Luxury Goods
I am thinking, Coach, Louis Vuitton, Ralph Lauren, etc. all luxury brand names. I is probably a no no to mention the name in other than an actual ad.
With the internet one might list goods for sale rather than having to man a shop.
Or like Tuesday Morning perhaps you could be open one day a week. But then where to have it...
I am not sure just what combination would work but
put in coach hand bags on e bay and you will see what I mean
I think between San Antonio and Austin there is plenty of potential supply, it is just a matter of how to best market it using internet or an actual shop where one could see the merchandise.
When I visited the Bentley dealer in Houston a few years back, every Continental GT on his floor was used, new ones were all back ordered. The sales man said he would call the regular customers and tell what he had used, Porsche, Maserati whatever, and they would come by, often with a pickup and trailer and haul the thing home. They would try it out for a few months and then look for another toy.
I think that would work well with handbags, which might be the best item to begin with. It would be a good idea to get a job at a dealer actually selling such items to really learn the customers, how they think, shop, etc and all about mark up.
Understanding what they will bring used is absolutely essential. And that is what separates the successful used item dealer from everyone else that thinks he or she can do this, wehther youare dealing in used oilfield equipment or high end clothing
Any ideas out there?
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