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Consignment doesn't offer the seller a very good monetary deal, though. They're essentially a junk hauler that might pay you a few bucks. We all have that pile
by ryandrake 6mo ago
Consignment doesn't offer the seller a very good monetary deal, though. They're essentially a junk hauler that might pay you a few bucks. We all have that pile of old computer components that we could probably sell piece by piece for $400 on eBay, $200 on Craigslist/FB Marketplace, $100 at a yard sale, and maybe if you're lucky a consignment place will give you a $40 for it all.
- cruffle_duffle 6mo agoI mean $40 if you are lucky or goodwill. You could get more selling it “proper” but the transaction cost of it is super not worth it (for me). When I want something out of my house, I want it out of my fucking house. Listing it on Craigslist means I have to babysit it, handle questions, but worse… the fucking thing is still in my house!. And I was over that, whatever the fuck it was, like… a week ago. Now it’s just sitting there in my life cluttering it up. Better take to the garbage or goodwill. Then it’s gone! At least with a consignment shop I will hopefully get something out of the deal.
- NetMageSCW 6mo agoThat isn’t consignment. Consignment means you own the item but they put it up for sale in their space. You split the income if it sells.
- kibwen 6mo ago> Consignment doesn't offer the seller a very good monetary deal, though. They're essentially a junk hauler that might pay you a few bucks. You've just unflatteringly, yet accurately, described GameStop's business model for the past decade.
- overfeed 6mo agoThe only missing bit is the meme-stock side of business where emoji-slinging, HODL'ng bag-holder, retail investors with no actual investment strategy fund the whole operation. The amount of misinformation pumping $GME on social media is staggering.