How To Open a Children’s Resale Business- Are There Requirements?

A children’s resale store – done right – requires industry knowledge, requires year round planning, requires understanding the dynamics of the location, requires the application of retail principals, requires substantial money, and lastly – requires time and hard work. If none of these “requirements” scare you off, or present nothing new to your thinking about the children’s resale...

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Who sets your Prices?

In retail businesses, it’s safe to say that prices are invariably set by owners be they individuals or corporate, or by managers using pricing conventions provided by the ownership.  This only makes sense as pricing is the revenue side of the bottom line. When NextGen started working with resale stores, we expected to find the same.  Much to our surprise, pricing in a number of children’s...

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It’s never too late to start pricing right, but far better to price right from the start

The NextGen Pricing System suggests the best price for an item, specifically, the price at which an item can be expected to sell within 75 days.  Initially, NextGen obtained these data from a limited number of stores around the country.  But in the 2 yrs since, the data base has grown to include stores in most  states and provinces in North America, most of which had been in operation for...

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Children’s Resale – Taking Risk?

Children’s resale is one of those businesses that attracts dreamers into thinking that resale is risk free because “how hard can it be?”  Such dreamers want to be independent and in control and pride themselves into believing that they can do it alone.  They fool themselves into thinking that because recycling children’s goods makes so much sense all they have to do is open the door and...

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