226: Shannon Wilburn, Founder of Just Between Friends

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 25 August 2015

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kids grow fast, which means a whole new set of clothes every few months, which means constantly having to spend money on items your kids will use and then outgrow before you can blink an eye. So how can you keep your kids clothed without throwing money out the window? Thankfully, my guest today, Shannon Wilburn, has an answer: consignment sales. It started in 1997, when Shannon and her friend, both young moms in Tulsa, OK, had the idea to hold a small kids clothes sale in Shannon’s living room with 17 consigners. They sold $2000 in merchandise and each walked away with $150. From there the business, which they named Just Between Friends, grew, and within a few years they were holding multiple day sales in an expo-center in Tulsa and helping other moms start their own sales. In 2004, Shannon franchised the company and now Just Between Friends sales are held all over the country. Some of them even gross over a million dollars each! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 226, Shannon Wilburn.
0:04.0	You're listening to So Money
0:07.0	with award-winning money guru Farno Shtorabi.
0:09.0	Each day get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnus herself.
0:18.0	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place. Seeking
0:25.1	profound ways to live a richer, happier life. Welcome to So Money.
0:31.8	Hello my friends welcome back to so money I'm your host
0:38.0	Farnish Tarabi thanks for joining me it is back to school season I've been doing some articles on how to save money for parents
0:46.7	out there that are trying desperately to not break the bank as you're checking off that list
0:52.1	of clothing and books and technology and gear and
0:57.1	oh my gosh kids grow up fast and I'm just the parent of a one-year-old and if I can say this then I don't even know what parents out there with
1:04.1	teenagers and college-age kids are thinking but today's guess is dedicated to
1:08.6	teaching us how to save money on at least one aspect of raising kids, which is the clothing budget and all
1:15.8	the accessories and the gear.
1:18.0	How can you keep your kids clothes without throwing money out the window?
1:21.7	Well, thankfully my guest today, Shannon Wilburn,
1:24.1	has an answer.
1:25.1	Consignment sales.
1:27.4	It started in 1997 for Shannon
1:29.9	when she and her friend, both young moms
1:32.0	and Tulsa, Oklahoma,
	...

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