How to sell luxury bags
Do you want to sell your luxury designer bag but are unsure how to reach out to an authentic platform?
There are multiple reasons behind selling your precious designer bags. Someone might need it for money, or they are just bored with their previous goods.
Let's suppose you own a Louis Vuitton Neverfull 6.5" long and not making great use of it; you can resale the bag and get a new one of your choice. To make this happen, you must first find authentic and credible sources.
If you're considering removing old pieces of old luxury goods and replacing them with newer ones, read more to learn about How to sell luxury bags.
How to price your luxury handbags
No one wants to sell their luxury goods at low prices. Ideally, they consider selling their handbags to get a pretty amount through them. It is essential to comprehend the money you will get, whether selling through an online auction site or a consignment store.
1. Study the market value
Before deciding on the cost, it is crucial to study the market value of the product. Do your research for competitive luxury handbags in the marketplace. Go through various websites to create a clear understanding of prices.
Designer bags, such as Hermes Kelly, Chanel classic flap, and Louis Vuitton twist, have a significant return on investment. The market value of these luxury handbags increases over time. You would never find these bags on sale.
As the demand is high, the cost of pre-owned designer bags is usually sky high.
2. Inspect the unique feature of your luxury bags
Look for the unique features of your designer bags. Furthermore, consider other factors that enhance the cost of luxury items, such as bag packaging. Many luxury bags come with a box, authenticity card, dust bag, rain cover, pouches, etc. This packaging and accessories add more value to your selling goodies.
Where to sell luxury bags
- Online auction site
- Online Designer Consignment store
1. Sell on an online auction site
Auction sites are a great platform to sell your luxury goods. However, selling your accessories through this platform has some pros and cons.
Pros
- Fee charges are low.
- As soon as the auction completes, you will get your amount.
- No need to hand over your designer bag until the product sells.
Cons
- You're responsible for every step of selling.
- From product photography and listing is all up to you.
- You have to provide customer satisfaction by answering their queries.
- You can encounter a scam, and the auction site is not responsible.
Selling your product has multiple benefits and drawbacks. While the charges are too low, numerous risks are also associated with them. These inconveniences go both ways, meaning buyers are afraid just like you, as many vendors lie about their products or trade fake ones.
Online auction sites
1. eBay
eBay is a world-renowned sales platform. You can sell your lightly used accessories. Moreover, eBay allows you to build your own brand. You can access different tools by subscribing. However, selling your luxury goods on eBay is cumbersome. Before choosing eBay as your selling partner, do consider some checkpoints.
- Write a descriptive listing as feasible.
- Upload multiple good-quality images of the product.
- Pay attention to sales policy.
- Make sure you follow shipping timelines.
- Avoid consumers with negative feedback.
2. Tradesy
Tradesy is another platform to sell your gently used items. You can sell your items through the smartphone app, click the pictures from your phone and create a listing. Tradesy removes the background from the image and provides templates for product descriptions. Tradesy takes a commission of 19.8% over a product of $50.
3. Poshmark
Poshmark is an online site selling handbags, jewelry, and makeup for women. They have categories for men and kids as well.
First, take flattering photographs of your luxury handbag and design your listing. Add as many details as you can. It's an old and trusted selling platform. Moreover, the pre-paid shipping method is safe for both buyer and seller.
Online Designer Consignment stores
Resellers like designer consignment stores are authentic and reputable platforms. They can resale your valuable items at a reasonable price. People pay a good amount to their trusted sources. Selling on such platforms has some advantages over auction sites.
Pros
- Resale value would be higher.
- Resellers add worth to the product.
- They are responsible for product listing and shooting.
- They have a good understanding of handbag serial numbers and codes, which is crucial for its authenticity.
- They know perfect marketing strategies for product advertisement.
- No risk of scams and fraud.
- They will bear the expenses from listing to shipping.
- The process wouldn't take a long haul.
Cons
- You will only get a cut price from the total amount.
- You can't bid on your own.
Online Designer Consignment stores
1. Real Deal collection
Real Deal is another platform to sell slightly used luxury handbags. They accept bags from over 40 designers, such as Gucci, Chanel, Hermes, Prada, Louis Vuitton, Versace, and Blueberry. You can submit faltering images of your luxury purses. They usually respond in 1 to 2 business days. Right after accepting your product, they will pay you.
2. The Real Real
The Real Real is one of the renowned destinations for fashion and the best place to buy designer bags. They consign with luxury handbags from many fashion houses, such as Hermes, Chanel, Louis Vuitton, Gucci, and Prada, to name a few. You can go through their website for more details. The commission is about 40% to 85%, and they will provide various benefits for repeated sellers.
You can share the details of your product, and they will offer a pick-up service for the nearby service area. They also provide pick-up service in more than 20 cities. After receiving the product, they further inspect your product for authentication.
3. Fashionphile
Fashionphile is another popular and the best place to sell designer bags. They not only accept luxury handbags but also sell jewelry and designer shoes. Fashionphile is one of my favorite places as it is a reputable and trusted starting platform. They have authentic designer bags sale.
They offer great prices on luxury bags and accept many out-of-fashion handbags. You have to wait for 2 to 3 business days to get their response.
How to choose the right designer consignment store
There are multiple companies of designer resellers right now.
Several reputable big and small companies provide the best customer services. Some accept older products, while others only accept newer ones in acceptable condition. Some resellers have physical outlets too.
Choosing the best and most authentic platform might be the tricky part of reselling your products. Let's go through different strategies to overcome these hurdles.
1. Pay attention to commission transparency
Before you choose a platform, make sure they have a straightforward statement for commission. Many reseller tricks customer with a list of rule. They have an attractive commission structure with hidden charges. Consider choosing a platform with a simple and transparent statement regarding commission and costs.
2. Find a reputable and fair customer service platform
Always choose a reputable platform with years of experience and market value. To find out if the platform is trustworthy or not, do some inspection.
- Go through their social media accounts, content, and comments.
- Check out whether they have a physical address or not.
- Make sure you go through all their customer reviews.
- Email them and analyze how much time they take to give a response.
3. Beware of hefty discounts
Most reselling platforms run deals and promotions throughout the year. First, they market your valuable good at fair prices and then run several discounts to sell the item quickly. Do your research before selling the products. Make sure to read other consignor reviews.
4. Look for their photos and listing qualities
Research shows product images play a significant role in online sales. Double-check the products on the website of the reseller. Go through product image quality and description. Product listing is also really crucial to generating sales. Ask yourself a few questions before choosing a reseller. First, would you prefer to buy something from them? Does this site seem legit to you? If you can answer these questions without any doubts, go for it.