1. What is an outdoor gear consignment store?
Consignment shops take gently used goods from some customers and sell them to others. The revenues from the sale are split between the store and the customer who originally owned the product. In this way, consignment shops give another life to products that might otherwise go to a landfill. One of the very attractive aspects of running a consignment store is that your entire inventory costs you nothing. You do not pay the owner of the article until it has sold…in other words, until you have money in your hand for exactly that item. You are simply providing the marketplace for buyers and sellers of gently used items.
Consignment, resale and thrift shops number in the 25,000 range in the U.S. alone. The combined industry value is roughly $1.5 Billion, and the industry represents a real opportunity for shoestring startup entrepreneurs who have a passion around a particular hobby or lifestyle such as fashion, games, sports, etc.
One of the best models for a consignment shop is the gently-used outdoor gear store. Many people buy expensive outdoor gear, be it backpacking equipment, kayaks, canoes, travel gear, bikes, hiking boots, etc., and use them ONCE. They have the best of intentions….if they buy the best, so the logic goes, maybe they’ll get into the sport and really enjoy it. Then they don’t really enjoy it, and then they have some fantastic gear that needs a second home.
2. What required knowledge or skills are necessary?
There are no formal educational or training requirements for this job. However, the work is strenuous and requires that the worker be able to be on their feet for extended periods of time, be well-organized, a good ‘people person’, and be able to lift up to 50 pounds. It helps to be able to attractively display and have knowledge of the value of the various products in your shop.
3. How much money is required to start?
$ (on a scale of $ to $$$$$)
4. What is the income potential?
$$-$$$ (on a scale of $ to $$$$$)
5. What is the best location for an outdoor gear consignment store?
Urban (very good), semi-urban (best), suburbs (very good), rural (fair/poor).
6. Three best questions to ask yourself to find out if this business is right for you (if you can answer yes to all three, this business might be for you):
Do you like to spend every free day out in the woods, on the water, on a bike, or exploring a new trail?
Do you have solid retail experience so that you know how to organize a store and the basics of retailing like complementary positioning and sales?
Do you and your friends/family have a pile of used outdoor gear that you can use as your initial inventory for your grand opening?
Interested in starting one in your community? Where do you begin? What permits do you need? Who is your target customer? How do you find them? What is the best use of your limited advertising dollars? What’s the best way to attract a great employee or volunteer? What does an average day look like? What strategic tips do veteran eco-entrepreneurs suggest for startups like you?
There’s a lot to think about. Rest easy. Our mission is to help you succeed, so drop us a line (Info@GreenBusinessVillage.com). We’ll get you a business planning document to get you on your way for ONLY $199! We also guarantee our work, so if you are not satisfied, you get your money back!*
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