Comments on: The Inevitable Decline of Goodwill Bins https://prettibone.com/the-inevitable-decline-of-goodwill-bins/?utm_source=rss&utm_medium=rss&utm_campaign=the-inevitable-decline-of-goodwill-bins Poshmark Tips, Tools and Services Wed, 22 Jan 2020 03:19:36 +0000 hourly 1 By: PrettiBone https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-188905 Wed, 22 Jan 2020 03:19:36 +0000 https://prettibone.com/?p=580#comment-188905 In reply to Lisa K..

Wow that’s a great idea Lisa, do you have a picture?

]]> By: Lisa K. https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-89989 Wed, 20 Nov 2019 05:11:42 +0000 https://prettibone.com/?p=580#comment-89989 In reply to Laura B.

I completely agree with upcycling. I had made some reusable shopping bags out of tee shirts and threw them up in my botique. I think I had only been selling for two weeks. One got a host pick and in the next couple of days, I completely sold out. People seem to really love this stuff which is awesome since I also sew and am planning on starting my own line of upcycled items. I didn’t the this market existed on PM!

]]> By: Anonymous https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-40 Sat, 18 May 2019 18:29:34 +0000 https://prettibone.com/?p=580#comment-40 Thank you for all this great info! Your time into this is valuable. It all makes sense to me! As the reselling continues to grow, the competition and the fight for supply will rise as well. I love reselling but is good to hv a back up plan. I hope it will grow for the good of every reseller out there! I worked in the fashion industry for years & love making clothes….I will hv to put that plan to work lol!?

]]> By: Lezlie Brazil https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-39 Sat, 18 May 2019 15:53:37 +0000 https://prettibone.com/?p=580#comment-39 Game recognize game. I am an accidental reseller newbie. My original intent was to clean out the 4 closets in my home but as items sold I gradually began the weekly treks to Goodwill. Early on I knew that at some point I would not be able to solely rely on Goodwill. I have spent a small amount of time researching other sourcing opportunities but have not come up with the perfect plan yet. I formerly worked in the fashion industry and have been a real estate agent for over a decade so your numbers and analysis make perfect sense. You are spot on! And now I sigh and go back to the drawing board to figure out next steps and a long term plan.

]]> By: Diondra https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-38 Sat, 18 May 2019 11:40:29 +0000 https://prettibone.com/?p=580#comment-38 In reply to Laura B.

Love the idea. I used to follow those thrift upcycle challenges on YouTube and that’d be a unique and fun way to be set apart in the business. The opportunities there are endless!

]]> By: Diondra https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-37 Sat, 18 May 2019 11:38:15 +0000 https://prettibone.com/?p=580#comment-37 Yeah, I’m not going to argue this. This is something I’ve voiced before, too. Reselling is ultimately going to be a tool to help get to where I want to get, but I just see it becoming so saturated and even more competitive that it may not be as fruitful for the amount of time and effort I’m putting in at this stage. With more and more retail stores closing down, that’s the trend. I was talking to someone about it (and her response is people will always be buying stuff, sure, but with increasing competition and decreasing supply, it won’t be as easy later) because it only makes sense that if fewer and fewer people purchase new from retailers and high-end retailers, there’s less that will end up being donated, and that’s hoping that 1. They’re even going to be donated and 2. That they’re donated in awesome resellable condition and in style still and 3. That you’re even going to be able to find it with Goodwill pulling more and more from their stores. In Florida, there’s a GW outlet that has EMPLOYEES going through the bins BEFORE they’re even on the floor to make boxes. Every step of the way they’re filtering out things that you could potentially find and increasing prices in the retail stores across the country. I almost never source at GW anymore and it’d be important for EVERY reseller to DIVERSIFY how they get their inventory in order to be successful long-term. My inventory is made up of some thrifted, some retail arbitrage, some liquidated retail inventory, a little bit of everything, making sure I have these avenues set up so that my income isn’t halted all of a sudden because I have a few weeks of awful thrift hauls. /endrant haha

]]> By: Teri https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-36 Sat, 18 May 2019 09:43:11 +0000 https://prettibone.com/?p=580#comment-36 I totally agree overall. I will add as a successful reseller on other platforms for many years, resellers come and go. Once they figure out this is really work, they give it up. Those items from their inventory end up back out there. I would also bet, no stats available, that more fail than push on to become large closets. Just look how many inactive closets we can find on Posh any given day. Reselling is a job that requires dedication and perseverance. Those that have that true dedication aren’t relying on one source for their inventory. Just like most of us don’t rely on one income stream to make it in reselling. Those that are big sellers aren’t relying on the bins now. Too much time for too little return there.
BUT, I will add, the GW bins near me bring out numerous items that never make it to their retail stores. I will stop by them if I am in the neighborhood and my last 2 visits the clothes I sourced were NWT’s donated straight to the outlet. No GW barbs to cut off any of them. So, those that rely on GW can still find some gold but depending on their aspirations, that is not the basket to put all your eggs in. Just my opinion….

]]> By: PrettiBone https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-34 Sat, 18 May 2019 06:42:33 +0000 https://prettibone.com/?p=580#comment-34 In reply to Laura B.

Good thing I know how to sew myself!

]]> By: Laura B https://prettibone.com/the-inevitable-decline-of-goodwill-bins/#comment-33 Sat, 18 May 2019 06:40:46 +0000 https://prettibone.com/?p=580#comment-33 The next step of revenue making will then go to the ones with the skill to sew and recreate from their finds. Repurposed clothes have always been a niche market and I’ve watched it grow. What better push for it when that is the only thing left. Maybe a new push to put Home economics and other vocational skills will return to the schools in response to this, the insane college costs, and the return to simpler living for some.

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