Hidden Costs in Resale
In retail, the cost of goods is usually just the wholesale price. In consignment, the "cost" includes the labor required to inspect, research, price, photograph, and tag every single unique item. If your processing time is too high relative to the item value, your shop may be losing profit on every sale. This tool helps you identify your breakeven point and refine your intake criteria to focus on higher-margin items.
Item Processing Calculator
Labor Expense Per Item
Improving Workflow Efficiency
If your labor cost per item is high, consider streamlining your intake workflow. Using automated consignment software can reduce the time spent on data entry, while standardized pricing guides can speed up the research phase. Every minute saved across thousands of items translates directly into higher net profit for your business. Use this metric to set "minimum value" thresholds for the items your shop is willing to accept.