Selling Luxury Goods

Fendi heels

Selling smart and easy

I decided to sell a pair of shoes that I no longer use. They are Fendi and in good condition, size 38.5, I’m usually a size 37.5 (7.5 US). Below I will detail my experience selling luxury goods, when they are no longer wanted.

I contacted Yoogis Closet and Fashionphile for the sale. I apologize for the poor image quality.

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The shoes in question

eBay

I used to sell things on eBay, but it is a hassle. If the buyer is a scammer, they can say that they received an empty box, or they can use your item and tell eBay that it was received in a horrible condition (I know someone who sold a computer part, the buyer took a few items from the part, complained to eBay and got a full refund back. The seller ended up with a worse part then when they started the transaction). eBay is too buyer-friendly and anti-seller, so seller beware. If your buyer is a scammer you will be in trouble. Most scammers are out for luxury goods. Some bootleggers will even copy your authentication numbers (Chanel especially) and sell it in a fake. So eBay is a dangerous way to go, also the fees are very high, about 10% of the sale price to eBay and the same to PayPal (in total you lose about 20% of sale).

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No wear on top, only on the bottom

Yoogis Closet

On the top left of the cell phone page they have “Sell to us” which brings you directly to the section were you can sell your item. You enter the name, 2 pictures that you take directly with you phone of the item and of what it comes with, and a description of the item. Usually they get back to you in a day or two (I had to wait sometimes four) with the quote for their buyout. They usually buy items with decent prices. One thing I don’t like is that you ship them the item without any paper or anything to identify it. They pay with PayPal, check, or credit for their site (with a 10% bonus).

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For high-heels they were fairly comfy

Fashionphile

First take the pictures to your phone of the item (as many as you want, they will accept one picture but say they work better with multiple pictures). Write the title, choose the designer, attach pictures, and write the description. They will get back to you with a buyout or consignment price (it’s not that high that it would be worth it, you will only get paid when the item sells, which can take a while). When they reply to your request to sell, you print the page and put it into the box with the item(s) (so it’s easier and faster to identify). They pay in credit for their site, PayPal, bank account (you will have to give all your bank information with this option), and check.

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All the wear and tear

With this pair of shoes, Yoogis closet responded in a day. I filled out for both on Wednesday night and on Thursday I had a quote of $80-$90 (they usually give me the high end, but they do this to see the condition in real life). Fashionphile did not give me a quote and said that shoes from this designer are not being accepted. I sent my shoes in with the label that was provided from Yoogis Closet. The shoes arrived in a week  to Yoogis and it took a day for them to confirm the shoes and offer to buy them for $90. I accepted the offer. They asked how I would like to be paid and I choose a check. The check arrived in about 3 days.They have already sold by shoes for about $250.

Overall it takes a bit of time (in some cases less time then eBay, because it takes a while for an item to be sold on eBay as well), but it is safer then eBay and they do not defraud you like some buyers can on eBay. (Cell phone quality, the better photos I used from Yoogis)
 
Share your  experience selling good or bad and I will feature you in a post. Ciao!
 

 

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