Originally Posted by jgold47
yeah - as said, I would buying items at your basic thrift prices. In some cases they are fixed to the type of item, in other cases they vary with the brand. some do discount days as well. That said, I think you can take an item out of thrift store, and mark it up at a higher price point. My supposition is that people would be more willing to spend money on a cultivated collection of higher end merch at a 'resale' shop vs going to a thrift store. Not outrageous, but if I could buy say a polo button down for 3-4 bucks and mark it up and sell it for 15 - 20 bucks, I think there may be something there. same with jeans, tops, etc... and thats without touching women's stuff, I haven't fully thought that through yet.
I'm sorry, but this sounds completely outrageous from a business perspective.
First, you don't have a reliable inventory stream. What happens when you've bought up all the merchandise in the area? The supply to the stores you want to use as a supplier is finite, and, for you to make money, you're going to consume merchandise at a pretty good clip. You need high volume to make a profit, and you need a steady stream of product. The places you're buying from, on the other hand, don't necessarily have to turn a profit, and, even if they do, they're much more diverse in terms of selection.
Second, you're vastly overestimating the willingness of people to pay five or six times as much for an item simply for a bit of convenience or air of quality. They may be willing to pay a bit more, but you're talking about an enormous increase in terms of price. In order to maintain a large enough margin for you to be profitable, you'd have to charge more than people are willing to pay for the added convenience.
Third, a very similar model already exists, at least where I live. It's call Plato's Closet, and I believe there are similar businesses, as well. The difference is in the way they acquire inventory, and their way appears to be vastly superior.
I agree with others who have said - this might be something worth doing in an online format, but I just don't see how it's remotely viable in a brick-and-mortar, high-overhead setup.