Selling Handbags – Why a Pawn Shop is the Best Choice

When you are selling handbags, which route should you choose? There are plenty of options open to you, after all. You can go online and use one of the many web platforms designed to help sellers connect with buyers. You can visit a used clothes and accessories store and try to sell your handbag as a stock item. Or you can take to social media to advertise your wares and secure a sale in this manner.

But there is another option – an option which can connect you with a range of benefits that other methods simply cannot offer: a pawnbroker. When you work with a pawnbroker, the entire process becomes much easier and the potential returns you receive from the sale become much higher.

Let’s take a look at these advantages in more detail as you work out how to achieve the best sale for your handbag. Don’t forget to get in touch with our team if you have any questions about the process.

selling handbags

Benefit Directly from Experience and Expertise

Selling handbags is not always an easy task. While the transaction itself is relatively simple, and is a straightforward expression of supply and demand, it can be difficult to know exactly how to bring the item to market.

Where will you get the best deal for your handbag? How do you market the handbag in a way which makes potential customers sit up and take notice? How do you bring about the ‘wow’ factor to make sure your item sells to the right bidder? What preparations do you need to make to get the best return for your piece?

You may not have all of the answers to these questions. In fact, unless you are an expert in the handbag trade, it would be very difficult for most of us to gain the insight we need to get the best deal on our items. This is why seeking insider knowledge from the industry is a must before you finalize the sale.

Seeking out a consultant can be time-consuming, expensive, and can result in a serious reduction on your eventual returns. Working with a pawn shop provides the solution.

By selecting the right pawn shop, you will be connecting with high-level expertise and market understanding, without any of the costs associated with working with a consultant. The value of this cannot be overstated.

Fast Access to the Revenue You Need

Cash flow is important in any transaction. If you choose to sell your handbags via advertisements online, through a platform such as eBay or Craigslist, or using a traditional high street vendor, you could be waiting a long time to receive the money you need from the transaction. If you choose to sell independently, you may even need to spend time and effort chasing up the payment and confirming the sale.

Working with a pawn shop neatly sidesteps this potential obstacle and offers an instant cash injection. With none of the worry or hassle of waiting for the money, you will find that choosing the pawn shop route provides serious peace of mind, as well as the cash you need.

This means you can embark upon any project or investment you have in mind right away. Whether you are selling handbags to fund a personal project or refurbishment work at your property, or if you are planning to use the revenue for a business investment, instant access to capital is vital. For a fast sale, and for enhanced cash flow, look no further than a pawn shop.


The Opportunity to Build an Ongoing Relationship

It could be that you were cleaning out your home and found that you have more designer handbags than you could ever need. It could be that you were scaling down your wardrobe and found some spare accessories that you no longer use. Or it could be that you simply have an unloved handbag lying around and are keen to find a new home for it while making some extra cash in the process.

In these cases, the handbag sale is likely to be a one off. You are unlikely to come into possession of more similar items for sale, at least for a few more years, and so your relationship with the pawnbroker team is likely to be a short lived one.

However, this will not always be the situation. It may be that you have a regular supply of used handbags in good condition and are looking for an outlet via which to sell them. Or it might be that the handbags are just the tip of the iceberg and you have other high-value items that you may need to sell in the future.

If this is true for you, then selling via a pawnbroker becomes a great option. This will give you the opportunity to work closely with the broker, learning from them and benefiting from their experience. After forming the foundation of a relationship, you will find that you have a useful contact in the marketplace, something which will benefit you greatly when it comes to future sales.

Gaining access to this kind of contact through normal means is difficult. It requires a great deal of investment in terms of time and energy, and it can be difficult even to know where to begin. With a pawnbroker, there is none of this hassle. You can begin building a solid working relationship from the moment you pick up the phone and get in touch.

Unparalleled Convenience

The last thing you want when selling your handbag is additional hassle and stress. Unfortunately, this can come thick and fast if you are trying to make your sale by more commonly used means.

Let’s imagine you are selling your handbag online. First, you need to prepare the bag in a way which ensures that it is looking its best in order to maximize the selling value, including cleaning and any necessary maintenance. Next, you need to take photographs and prepare an eye-catching description of the handbag in order to increase your reach and to market the item effectively.

And this is just the beginning. Meeting with potential customers, negotiating prices and sales conditions, and organizing delivery for the item; these are just a few of the irritations sellers may experience during the transaction.

Using a pawnbroker is a little different. While you will still have to make sure the bag itself is in good condition and is attractive to the seller, this is only a small part of the whole process. Everything else will be handled by the pawnbrokers, including all marketing and price negotiation.

This translates to a level of convenience which simply cannot be found elsewhere. Unless you have the spare time to spend going back and forth in pursuit of the best sale – which, let’s face it, the majority of us don’t – then working with a pawnbroker represents the best option. A great sale for your handbag, and a great deal of time saved in the process; this really is a win-win situation.

A Safer and More Straightforward Process

Anyone who has sold items in the past, particularly higher value items such as designer handbags, will know that, unfortunately, not everyone can be trusted. Scammers and con artists abound in the market and may attempt to defraud honest salespeople.

Paying with canceled checks is a common scam. You meet with the buyer, receive the payment, and hand over the goods, only to find sometime later that the check you received for the goods has not been honored and that the contact information you have for the buyer is either out of date or is completely invalid altogether. This leaves you out of pocket.

The higher the item’s value, the greater the risk. For designer handbags, this value can be very high indeed, making the transaction even riskier, particularly for the less experienced seller. Of course, laws do provide some protection against such fraudulent activities, and law enforcement officers may be able to recover the stolen goods. However, this is not a guarantee. Your insurer may also be able to recoup the cost of the item, but, again, this cannot be relied upon.

Safety and security are key when it comes to selling handbags. Dealing with a pawn shop provides both of these things in abundance, ensuring that you are not left high and dry following the sale. This method also eliminates the risk of meeting with people you do not know in unfamiliar locations, adding to your overall peace of mind and removing a major source of anxiety from the process.

Connect with Great Peace of Mind in a Highly Regulated Industry

When you decide to work with a pawnbroker, you are entering into one of the most highly regulated industries in the United States, which means high levels of trust and confidence between buyer and seller.

Many people may have certain prejudices or pre-conceptions about pawnshops, but most of these are unfounded. Emmet Murphy is the spokesman for the NPA – the National Pawnbrokers Association. He describes the situation in the average pawnbroker’s shop across the US; “the majority [of American pawn shops] are clean, well-lit stores run by people who pride themselves on providing good customer service,” Mr Murphy says, using words which will set the minds of sellers at ease.

The NPA operates a membership scheme which helps you to choose the most suitable venue for your sale, and also works with the Better Business Bureau to ensure complicity with the association’s tenets and responsible operation across the country.

Outside of such trade associations, the law of the United States also plays a significant role in providing peace of mind to customers up and down the country. The industry is regulated by 14 federal statutes in total, and this is backed up by local laws and laws implemented by the pawn shop’s state of operation. All things considered, there are few more reliable and trustworthy options open to sellers than working with the right pawnbrokers in your local area.

Cash for a keyboard at Monte De Piedad

Potentially Higher Returns

Let’s consider all of the above benefits together. Plainly speaking, these benefits add up to a clear and streamlined route to a great sale. When you are selling handbags, you want the safety and security that comes from dealing with somebody you can trust, you want a convenient and hassle-free experience, and you want to get the best dollar value possible for your handbag or other items. Working with the right pawnbroker provides all of this and more.

So, when it comes to the bottom line, your returns could potentially be much higher than if you had decided to sell independently or online. Once the expertise and market connections of the pawnbroker are factored in, and once the cost of travel, the expense of taking time off work and of preparing the handbag for sale, and the potential cost of fraud, are eliminated, what remains is a great return on your sale.

This is why more and more people each year are turning to pawnbrokers when they decide to sell a designer handbag or another high-value item, and this is why increasing numbers of clients are maximizing the potential of their sale by opting for this sales method.

There is no need to go it alone in the marketplace. Instead, all of the resources and expertise you need are right here at your local pawnbrokers. If you are interested in selling off your old handbags, or if you need a quick payment on a transaction, this should be your first point of contact.

Want to discover more about the benefits of selling handbags via pawnbrokers? Want to gain a better understanding of the services Monte de Piedad provides to customers in San Diego every single day? Get in touch with our team today. You might just be amazed by how much cash you can raise just by selling your handbags through Monte de Piedad pawnbrokers.