The Side Hustle Show 640: Get Paid to Sell Other People’s Stuff: Starting a Consignment Side Hustle
Nov 14, 2024
Sarah McAffry, founder of Statemint Consignment, shares her journey from organizing kids’ events to launching a thriving consignment franchise with 23 locations. She reveals how she earned over $10,000 at her first event and gained the trust of her initial sellers. The conversation dives into effective marketing strategies, the unique challenges of adult consignment, and utilizing community engagement to boost sales. Sarah also highlights the rising trend of resale markets and encourages listeners to explore low-risk side hustle opportunities.
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Inspiration for Statemint
- Sarah McAffry made $800 selling her kids' used clothes at a consignment event.
- This inspired her to start an adult consignment business, as she saw a gap in the market.
Adult vs. Kids Consignment
- While kids' consignment events are common, adult events require different marketing strategies.
- Adults are more selective about clothing purchases than when buying for children.
Act on Your Ideas
- Don't ignore persistent business ideas, even if they seem daunting at first.
- Sarah's initial goal of 100 sellers was halved, highlighting the importance of realistic expectations.