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The Side Hustle Show

486: Get Paid to Sell Other People's Stuff: Building a Successful Consignment Business

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.71.6K Ratings

🗓️ 3 March 2022

⏱️ 55 minutes

🧾️ Download transcript

Summary

How does risk-free profit sound? That’s the promise and of the consignment business — getting paid to sell other people’s stuff. To help school me on how it all works I’ve invited Megan Church from PineappleConsignment.com onto this week’s show. Megan experimented with her first popup consignment event in October 2018 with the goal of breaking even and to do something creative with her time. Megan did a little better than break even with that first show, and more importantly, validated her business idea and had a lot of fun doing it. She has since broadened her business into online sales, estate sales, and now has her own warehouse and storefront open to the public. Tune in to The Side Hustle Show interview to hear: how you can get started throwing popup consignment events right away how Megan sources and manages her inventory the creative ways she’s found to market and grow the business Full Show Notes: Get Paid to Sell Other People's Stuff: Building a Successful Consignment Business

Transcript

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0:00.0

Well, what's up? What's up, Nick Loper here. Welcome to the Side Hustle Show because progress

0:05.1

happens just beyond your comfort zone. How does some risk-free profit sound? That's the

0:10.8

promise and the premise of the consignment business. Getting paid to tell other people's

0:15.6

stuff to help school me on how this all works is Megan Church from pineappleconsignment.com

0:21.3

and at pineappleconsignment on Instagram. Megan, welcome to the Side Hustle Show.

0:25.9

Hi. Thanks so much for having me.

0:28.3

Do you a bet? So stick around in this one to hear how you can get started right away,

0:33.2

how Megan sources inventory to sell, and some of the creative ways she's found to market

0:38.9

and grow the business. Notes and links to all the resources mentioned are at sidehustlenation.com

0:43.6

slash Megan. It's MEG and let's kick this back to the beginning with the idea, the

0:49.8

inspiration to say, I'm going to take a stab at this. I'm going to get started.

0:53.9

Well, I always did consignment events for clothing for my kids, mostly just because kids

1:02.4

grow out of stuff so quickly. It was a bit of a pain to buy a new wardrobe every season.

1:09.6

So I would shop consignment sales and I would sell their old clothes and it usually ended

1:15.5

up kind of making up the difference, which was great. But I got into it because I was

1:20.4

looking for a consignment event to sell home decor and furniture, some of your own stuff.

1:26.8

Yeah, some of my own stuff that I had because I was like, you know, yard sales are the worst.

1:32.0

Facebook Marketplace is the worst and I don't want to donate. I was looking for one to

1:36.8

participate in and I couldn't find one in my city and I really couldn't find one in the

1:43.9

country that was a pop-up model. So I talked to a couple of my friends who did other consignment

1:50.8

events that I actually met with some of the women who run consignment events in town.

1:56.6

I just basically asked them, like, hey, is there a reason why this hasn't been done? Is

...

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