Getting rid of a decent amount of fashion stock

[NewTime]

Two years ago I began a Amazon business, long story short I got took of Amazon.

I still have alarge enough quantity of stock and I just want to get rid. I have put all my stock on Vinted but it doesn't sell quick enough and I'd just like to get rid of it all ASAP, I'd like the space and I'd like some money too of course.

I don't drive which is a problem - because I have been able to identify large car boots in the UK. I have asked friends if they can take me and I'll pay them but theyr're either busy or at work or just can't be bothered. Example, I offered a family friend £150+Petrol for probably ten hours of his time and he isn't interested.

There aren't fashion shops near me if I just wanted to see if they wanted to take if off my hands for £.

So I am at a loss to think about what is next for me and getting the space/money back.

Any ideas?

 

[Porky]

Hi @NewTime
Well its clear from what you say, you just want to cut your losses, off load the stock and put it down to a bad experience, fair enough so you need to get rid of it:-
1. Photograph the stock and try and sell it slowly on ebay or similar in either smaller quantities or as a block job lot but it sounds like that has been troublesome so far.
2. Try and find "man with a van" type adverts locally and phone one and see if they would be interested in cutting a deal with you to either try and shift the stock via a market stall or via those car boot sales you mention and see how much you could offload that way.
3. Hire an indoor market stall for a few days and pay someone to collect and deliver the stock to the stall for you to try and sell - Do it yourself the hard way if friends and family cant/wont help you.
4. Phone or connect with other private retailers of same and see if they would be interested in talking it off your hands for a low cost - obviously quality control would be a factor so i doubt you would get anything close to what you paid but worth a try
5. See if whoever you got the stock from originally might be able to take it back off your hands for a percentage of what you paid.
6. IF all above fail and you decide you just want to get rid of it, see if a charity shop will have the stock to sell, and collect it from you. Obviously, no money this way but hey, someone in need could benefit and you at least would be doing a good thing. Or if that doesn't work package up and donate to a clothes bank to help others that way.
That's about the best i can come up with I'm afraid, sorry to read that your venture didn't quite work out the way you wanted.
As for what you do after that, well that's down to you, work out what your interests are and skills are and look for employment or opportunities in those fields.
Take care
Pork's

 

[Lisa Thomas]

How much is large? What is the cost value, and was is the RRP?

 

[NewTime]

I have tried all of the above and I wouldn't entertain the charity shop idea I am afraid.

The retail value of the stock is probably around £6-8k.

I can't understand folk who don't wanna ear money by taking me either to be honest. I am now considering a man&van, but that comes with issues too.

 

[japancool]

The retail value of the stock is probably around £6-8k.

Maybe so, but a distress sale of it is going to be a fraction of that, and that's what this would be.

 

[Lucan Unlordly]

Can you direct us to your Vinted page so we can see what sort of thing you are selling?

You say the value is £6-£8k retail, but what are you looking to clear it all for?

Were taken off Amazon because of the quality or type of thing you were selling?

 

[Lisa Thomas]

The ex situ/auction value of this is probably not worthwhile for a third party but I know one who might consider it, depending on where you are based?

 

[Onthebrightside]

Even if you get to a car boot sale or a market, you're going to be selling this stuff at rock bottom prices. You may not even make the price of the pitch and the cost of getting it there. If it sold so slowly on Amazon you were removed and it's selling slowly on vinted - you have stock that very few people want. I'm guessing you'll have trouble shifting it anywhere. The real value of the stock is what people are willig to pay for it and that doesn't seem like it's 6-8K. If you want to shift it quickly and don't want to give it away, I'd say your next best option is to put each item on ebay for 99p (so you pay little to no fees) and hope that some pieces bid up. Otherwise your might be stuck with the stock for a long time as it slowly erodes in value, style and quality.

 

[JEREMY HAWKE]

If anybody does need any fashion advice then I'm your man cause this year I am mostly wearing a white suit with shoulder pads and lofas
I hope this helps

 

[fisicx]

Three button high waisters with a tank top. The Bay City Rollers still rule in my house.

 

[DoolallyTap]

£6-8k retail is what you value it at. More important what will you sell it for? How many pieces?
You could post some images here. List as job lot on eBay.

 

[AlanJ1]

Would expect to clear this you would be around 10% of RRP in returns.

 

[Lucan Unlordly]

If anybody does need any fashion advice then I'm your man cause this year I am mostly wearing a white suit with shoulder pads and lofas
I hope this helps

You must have 'Saturday Night Fever' a day early

 

[NewTime]

Sorry about the late reply - I only got one email notification and assumed the thread had died a death.

In terms of retail value I put £6-8k and that was because someone asked me, not because that is what I expected to get I know what roughtly I may or may not get.

I have £3k in bags alone (retail value).

I have had over £1k in sales on Vinted, but sales come and go I went about 3 weeks without a sale last month and a few have popped up recently. I have encounted a problem with Vinted recently in which they have said there is a limit to what I can post and that Vinted isn;t for businesses. My Vinted is https://www.vinted.co.uk/member/63186584

I took time to look at specfifics at a car boot and I know that they are hit and miss, but the one I saw looks incredibily popular even on a C4 documentary recently. But alas I can't get there.

The money is important, but also so is the space, it is taking up a room I want to finish decorating and I want to move on from it.

As for location I am in South Yorkshire.

 

[fisicx]

I'm not a Vinted user so I asked my wife (who is) and she said that all looked like you have brought a job lot of new shoes. It doesn't look like preloved stuff which is what she likes to buy.

So maybe that's the problem. But I could be wrong as this isn't my area of expertise.

 

[NewTime]

I'm not a Vinted user so I asked my wife (who is) and she said that all looked like you have brought a job lot of new shoes. It doesn't look like preloved stuff which is what she likes to buy.

So maybe that's the problem. But I could be wrong as this isn't my area of expertise.

Yeah there's a lot of shoes, but Vinted has a high amount of items that are new too. The problem I have with Vinted is that I am limited to what I can post before any removal.

 

[fisicx]

Your options are a slow rate of sales on online platforms or a bulk sale at a massive discount.

Some have suggested in other threads that 10% of RRP is all you can expect with a palletised load.

Or perhaps a pop up shop at a local garden centre and sell at cost just to get rid of everything.

 

[AlanJ1]

Yeah there's a lot of shoes, but Vinted has a high amount of items that are new too. The problem I have with Vinted is that I am limited to what I can post before any removal.

I have to ask, where are you pricing some of your items from?

Rangers fan here and those tops are absurdly over priced.

 

[NewTime]

I have to ask, where are you pricing some of your items from?

Rangers fan here and those tops are absurdly over priced.

The tops are a one-off, shirts I had as a kid. I just compared to other older shirts

 

[JEREMY HAWKE]

To me it looks like a load of second hand jumble cant you chuck it on the bonfire because it does not look like it will realise any revenue

 

[Lucan Unlordly]

There's not an ounce of 'sell' connected to any of your products?

Here's the Minnetonka Loafer being sold on Amazon.........

'WOMEN'S LOAFERS - Our Minnetonka loafers for women are the ultimate combination of comfort and fashion. The extra insole and lightweight sporty outsole keep your feet comfortable all day long.

• QUALITY MATTERS - We only use the best materials to provide comfort, durability and style in our women's shoes. This item runs small, so order one size up for ideal fit.
• VERSATILE - These loafers for women are perfect to wear during work,

I know yours are kids size but apart from the size and colour..................nothing to tempt anyone to buy...

 

[Trundle]

I like the idea of eBay, everything starting at 99p + P&P. It could be a lot of work for not much, but almost everything sells at the right price, let the market decide.

Charity shop or clothes bank is the minimum fuss route out of this, also altruistic.

Boot sale? I wouldn't give up 10 hours of my day for £150, but I would have when I was in my twenties struggling to make ends meet.

You have spent the money already. I would be tempted to write it off because clothing can be bought so cheaply these days on the High Street.

 

[NewTime]

I like the idea of eBay, everything starting at 99p + P&P. It could be a lot of work for not much, but almost everything sells at the right price, let the market decide.

Charity shop or clothes bank is the minimum fuss route out of this, also altruistic.

Boot sale? I wouldn't give up 10 hours of my day for £150, but I would have when I was in my twenties struggling to make ends meet.

You have spent the money already. I would be tempted to write it off because clothing can be bought so cheaply these days on the High Street.

In terms of charity shops, something I am not willing to do anyway, you'll be surprised to find that they are turning people away due to high levels of stock.

In terms of high street prices, I am not sure what planet you are on in terms of being cheap. I can't remember the last time I went clothes shopping and thought something was cheap!

 

[fisicx]

In terms of high street prices, I am not sure what planet you are on in terms of being cheap. I can't remember the last time I went clothes shopping and thought something was cheap!

I only ever buy clothes when there is a sale on. So for me it is usually cheap. 5 pairs of shoes for £60 was a bit of a bargain. They will last me for years

 

[MOIC]

Give it to a charity shop.

You'll get comfort knowing your helping a charity of your choice, and will feel much better than incurring expenses and selling the stuff yourself, which might happen to 20% of the stock, but the rest you'll probably have to throw away, as fashion depreciates fast and may be costing you money to store.

Cancer charity would be my choice, but you choose yours.

 

[japancool]

I'll take it off your hands for £300. Payment straight to my bank account please.

 

[Trundle]

In terms of charity shops, something I am not willing to do anyway, you'll be surprised to find that they are turning people away due to high levels of stock.

In terms of high street prices, I am not sure what planet you are on in terms of being cheap. I can't remember the last time I went clothes shopping and thought something was cheap!

In response to paragraph two I should have said fast fashion. It's usually made overseas and is a damned sight cheaper than anything made in the UK as the workers are paid very low wages.

 

[Lucan Unlordly]

In terms of high street prices, I am not sure what planet you are on in terms of being cheap.

Most of the stuff sold in PRIMARK is under £20

 

[MOIC]

Charity shop or clothes bank is the minimum fuss route out of this, also altruistic.

This.

 

[Samian]

John Pye Auctions should be able to help you shift it

 

[Paul Kelly ICHYB]

Is all of the branded stuff genuine?

 

[NewTime]

Is all of the branded stuff genuine?

Yeah bought from a UK wholesaler. Not huge brands, mainly a lot of European popular brands it would seem.

 

[fisicx]

Yeah bought from a UK wholesaler. Not huge brands, mainly a lot of European popular brands it would seem.

Popular in Mainland Europe or in the UK as well?

 

[HFE Signs]

Sunday market??

 

[cjd]

100% Chance that your text is generated by AI

 

[JEREMY HAWKE]

100% Chance that your text is generated by AI

I told my old mum that AI is the best thing since fresh air

It was much easier to do that then explain it

 

[cjd]

I haven't yet worked out why these AI bots are spamming forums, I'm not sure who benefits. Surely it's not a post count boost.

 

[japancool]

I feel sorry for the real person whose image it is using.

 

[Annoying Donkey]

I feel sorry for the real person whose image it is using.

AI can also generate fake people...
https://perchance.org/ai-text-to-image-generator

 

[japancool]

I know, but these have been around longer than AI image generators.