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CASH IN YOUR
CLOSET
How To Turn The Mistakes In Your Closet Into Money In Your Pocket
By Monica Ricci
Do you
have hundreds of unclaimed dollars just hanging around in your closets taking up
space? Last summer's polka-dot dress and that wool blazer you outgrew. The
slacks you bought because they were on sale and the suit that never fit right to
begin with.
Sound familiar? We all make shopping mistakes, but why live with them the rest
of your life? How can you turn past year's bargains into cold hard cash right
now? Consignment!
Consignment stores are popping up everywhere because people know that they can
find great bargains on quality used clothing for themselves and their families.
The flip side of buying consignment is selling on consignment, which is a great
way to clear your closet clutter and make some money in the process.
How you can turn some of your shopping mistakes or clothes you no longer love
into money? Follow these simple steps.
Pull each item from your closet one at a time, and
separate into one of four piles:
Pile 1: You love it and wear it faithfully,
and you like how it looks on you.
Pile 2: You hate it and never wear it, in
fact you wonder what you were thinking when you bought it, it doesn't fit, or
you bought it because it was "a bargain".
Pile 3: You like it and you wear it fairly
often, OR it's a key player in a few outfits.
Pile 4: You just can't decide which pile it
goes into.
Here are five easy steps to complete the job:
Step One: Once the closet is empty, put
everything in the Love It pile back into the closet.
Step Two: Put everything in the Fairly Often
pile back into the closet. You should be left with two piles of clothing -- the
Hate It pile and the Undecided pile. )This is where it gets fun!)
Step Three: Fold everything in the Hate It
pile neatly and wish it well, for it will be going on a journey.
Step Four: Go through the Undecided pile
piece by piece, and ask yourself truly what value each piece CURRENTLY gives
you.
Warning: Do not get sucked in by the clothing
trying to convince you of its value, and reminding you how good you used to look
wearing it. Clothing is sly and it will say anything to get you to keep it
around. It will remind you of how expensive it was, or that it was a gift from
your mother-in-law, but do not fall for these sneaky tricks! You must be strong
and objective.
Clothes that aren't serving you need to be culled to make room for those pieces
that are valuable. The fact that you are undecided on this pile indicates that
you don't love it, which means you should be able to get rid of more than half
of it if you're ruthless in the decision-making process. Once you've culled the
pile, you should have a whole bunch of clothes that didn't make the cut back
into the closet. This is where your secret cash stash is hiding.
Step Five: Call a local consignment store
and ask what their guidelines are for consigning clothing. Find out if you must
make an appointment to consign or if you can just drop by at your convenience.
Ask how the proceeds are split between you (the consignor) and the store, and
don't take less than 50%. Ask what happens to your clothes if they don't sell,
and do not do business with a store that gives you clothing back if it doesn't
sell. Most consignment stores will donate anything that doesn't sell within a
certain period of time to a shelter or another non-profit organization.
Step Six: Load up your car and haul the
clothes to the consignment store of your choice. When you get back home, relish
the new look of your closet!
By following these six easy steps, you'll soon be collecting the cash that was
hiding in plain view in your closet.
About the Author
Monica Ricci has
been an organizing specialist since 1999, and her motivational presentations
teach effective organizing and simplifying techniques for home and work. She
also offers free email tips and ideas on how to make life simpler and more
organized. Her topics include clutter control, paper management, time
management, organizing space and procrastination.Contact Monica at 770-569-2642
or Monica@CatalystOrganizing.com.
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