8 Best Places To Sell Used Designer Bags To Make Extra Money

8 Best Places To Sell Used Designer Bags To Make Extra Money

Are you looking to declutter your closet and make some extra cash? Selling your used luxury bags can be a great way to earn money. With the rise of online marketplaces, it’s easier than ever to find buyers for your gently used designer handbags.

Whether you’re looking to resell designer handbags or simply get rid of items you no longer need, there are numerous platforms and marketplaces where you can do so. From online consignment stores to social media groups, the options are vast and varied.

Key Takeaways

• Discover the top online platforms to sell your used designer bags
• Learn how to price your luxury bags competitively
• Understand the benefits of using consignment stores
• Find out how to effectively market your designer handbags
• Get tips on how to ensure a smooth transaction

Why Selling Used Designer Bags Is Profitable

Luxury handbags are more than just fashion; they’re valuable assets. They can be sold for a good profit. The market for used luxury items has grown a lot. This is because people want to buy pre-owned high-end goods.

The Resale Value of Luxury Bags

The value of luxury bags depends on several things. These include the brand’s reputation, the bag’s condition, and how rare it is. Some luxury brands keep their value better than others. This makes them a good choice for those who plan to sell them.

Most Valuable Designer Brands in the Resale Market

Some designer brands are more valuable than others in the resale market. Here are a few known for their high resale value:

• Chanel: Known for its timeless designs and high-quality craftsmanship.
• Hermès: Famous for its iconic Birkin and Kelly handbags.
• Louis Vuitton: Recognized for its monogram pattern and luxurious materials.

Chanel, Hermès, and Louis Vuitton Retention Values

These luxury brands hold their value very well. Some even increase in value over time. For example, classic Chanel handbags and Hermès Birkin bags are highly sought after.

Emerging Brands with Strong Resale Value

New designers like Goyard and Louboutin are also becoming popular. They offer great opportunities for sellers looking to make a profit.

How to Prepare Your Designer Bags for Resale

To get the best price for your luxury handbags, you need to prepare them well. Preparing your pre-owned designer bags for resale involves several steps. These steps can greatly affect their selling price.

Cleaning and Maintenance Tips

Keeping your designer bags clean and well-maintained is key. Regular dusting and gentle cleaning help prevent damage. They also keep your bags looking luxurious.

Leather Care Essentials

Leather bags need special care. Use a high-quality leather conditioner to keep the leather soft and prevent cracks. Apply the conditioner sparingly to avoid making the leather too wet.

Addressing Stains and Damage

Act fast if you notice a stain. Gently blot the stain with a clean cloth. For tough stains, a professional cleaner might be needed. Prompt action can prevent stains from setting in.

Gathering Authentication Materials

It’s important to gather all the authentication materials. This includes receipts, certificates of authenticity, and any other proof of the bag’s legitimacy.

Taking Quality Photos

Good photos are essential to showcase your designer bags. Use good lighting and take photos from different angles. This gives buyers a full view of the bags.

What to Consider When Choosing Where to Sell

To make the most money from selling designer bags, picking the right resale platform is key. The platform you choose can greatly affect how much you earn and your overall experience.

Commission Rates and Fees

Resale platforms charge different rates and fees. Knowing these costs helps you figure out how much you’ll really make. Some platforms might charge more but offer extra services like checking if items are real and helping with marketing.

Platform	Commission Rate	Additional Fees
The RealReal	15%	$30 listing fee
Rebag	10%-15%	No additional fees
Fashionphile	15%-20%	$20-$30 processing fee

Authentication Processes

Checking if items are real is very important when selling designer bags. Platforms with strong checks can make buyers trust you more. This can lead to higher prices for your items. Look for places that use experts to confirm luxury goods are genuine.

Payment Methods and Timing

Think about how you get paid and when. Some places pay you right away, while others take a few days. Knowing how payments work can help you plan your money better.

When picking a resale platform, think about what matters most to you. Do you want high rates, strong checks, or easy payment options? Choosing the right platform can really change your selling experience.

8 Best Places To Sell Used Designer Bags To Make Extra Money

The resale market for designer bags is booming. Choosing the right platform is key to making more money. There are many options, so it’s important to know what each offers.

Overview of Top Selling Platforms

Top places to sell used designer bags include The RealReal, Rebag, and Fashionphile. Also, Vestiaire Collective, Poshmark, eBay, local consignment stores, and luxury department store buyback programs. Each has its own benefits, like low fees, strict checks, and a big customer base.

Comparing Commission Rates at a Glance

Commission rates differ a lot on these platforms. Here’s a table to show you the fees for each:

Platform	Commission Rate
The RealReal	15%-20%
Rebag	up to 50% on some items
Fashionphile	15%-50%
Vestiaire Collective	15%-25%
Poshmark	20%
eBay	8%-12.5%

1. The RealReal

The RealReal is a top name in luxury consignment. It offers a smooth experience for both sellers and buyers. Its focus on authenticity and easy-to-use platform makes it a favorite for selling used designer bags.

How The RealReal Works

The RealReal is a consignment platform. It connects sellers with buyers and takes a commission on the sale. The journey starts with submitting your luxury item for review.

Consignment Process

The consignment process has several steps. First, you submit your item. Then, The RealReal’s team of experts checks it for authenticity.

Authentication Standards

The RealReal is known for its strict authentication standards. Each item is thoroughly examined to confirm its genuineness. This gives buyers confidence in their purchases.

Commission Structure

The RealReal’s commission rates are competitive. The rate changes based on the item’s sale price. Sellers get a fair share, encouraging them to price items competitively.

Pros and Cons of Selling on The RealReal

Selling on The RealReal has many benefits. You get access to a wide market of luxury buyers and expert authentication. But, be aware of the commission rates and the chance of items not selling.

• Pros:Expert authentication
• Large customer base
• Competitive commission rates
• Cons:Commission fees
• Potential for unsold items

2. Rebag

Rebag is known for its easy-to-use interface and good prices. It focuses on buying and selling used luxury handbags. This makes selling easy for its users.

Rebag’s Buying Process

The process of selling at Rebag is simple and quick. You can sell in-store or online, whichever you prefer.

Instant Quote System

Rebag’s instant quote system gives sellers a quick offer for their handbags. This is great for those who need to sell fast.

Selling In-Store vs. Online

You can sell in-store or online at Rebag. Selling in-store might mean getting paid right away. Selling online is more convenient, as you can do it from anywhere.

Payment Options and Rates

Rebag pays competitive rates for luxury handbags. You’ll get a fair price for your items. They offer payment options that are easy to use.

Payment Method	Rate	Processing Time
Cash	Immediate	N/A
Check	Competitive	2-3 days
Online Payment	Competitive	1-2 days

Pros and Cons of Selling to Rebag

Selling to Rebag has its good and bad points. The good news is it’s easy and prices are fair. But, the rates can change based on the item’s condition and how popular it is.

• Pros: Easy selling process, competitive pricing, flexible selling options.
• Cons: Payment rates may vary, some sellers may find rates lower than expected.

3. Fashionphile

Fashionphile is a top name in the luxury resale world. It offers great prices for used designer bags. It’s known for being authentic and having excellent customer service.

How to Sell to Fashionphile

Selling to Fashionphile is easy, whether online or in person. It caters to different seller needs.

Online Quotes vs. In-Person Appointments

You can get an online quote for your designer bag. Just fill out some details and upload photos. Or, you can meet in person for a more detailed look. Online quotes are quick, but in-person meetings might be more accurate.

Neiman Marcus Partnership

Fashionphile works with Neiman Marcus, boosting its credibility. This partnership helps sellers reach more customers through Neiman Marcus’s well-known brand.

Payout Rates and Options

Fashionphile pays well for designer bags. You can get paid through bank transfers or PayPal. This makes the payment process easy.

Pros and Cons of Fashionphile

Thinking about Fashionphile? Here are the good and bad points. The good: great prices, easy to sell, and known for being real. The bad: commission rates might be a bit higher. But, Fashionphile is a top pick for luxury resale because it’s reliable and cares about its customers.

Peer-to-Peer Marketplaces for Designer Bags

Peer-to-peer marketplaces let people sell their used designer bags to buyers directly. This way, sellers have more control over the sale and can earn more.

Using these marketplaces has a big plus: sellers can talk directly to buyers. This can lead to better prices and a better understanding of what buyers want.

Benefits of Direct Selling

Direct selling means no commission fees for sellers. They can set their own prices and describe their items as they see fit.

Key benefits include:

• Higher profit margins due to reduced commission fees
• Control over product pricing and listing descriptions
• Direct communication with interested buyers

Managing Buyer Expectations

It’s important to manage what buyers expect when selling directly. Sellers should give accurate info, show good photos, and answer questions fast.

Effective strategies include:

• Detailed product descriptions to avoid misunderstandings
• Clear, well-lit photos of the product from multiple angles
• Prompt responses to buyer inquiries to build trust

4. Vestiaire Collective

Vestiaire Collective is a top luxury resale site. It connects sellers with buyers worldwide. It’s perfect for selling luxury handbags.

Listing Process on Vestiaire Collective

Listing your designer bags is easy. First, create an account. Then, fill out details about your item, like condition and materials. Don’t forget to add high-quality photos.

Direct Shipping vs. Concierge Service

Vestiaire Collective has two shipping options. Direct shipping lets you send the item yourself. The concierge service takes care of it for you, making things easier.

International Selling Benefits

Selling on Vestiaire Collective opens up the world to your item. Buyers from everywhere can see your luxury handbag. This boosts your chances of selling it fast and for a good price.

Commission Structure

Vestiaire Collective takes a commission on your sale. The rate depends on the item and its price. Knowing the commission structure helps you plan.

Pros and Cons of Vestiaire Collective

Using Vestiaire Collective has its perks. It offers a global reach, secure payments, and great customer service. But, there are fees and it’s a competitive market.

• Pros:Global audience and international selling benefits
• Secure payment processing
• Dedicated customer service
• Cons:Commission fees on sale price
• Competitive marketplace

5. Poshmark

Poshmark is a top site for selling used designer bags. It mixes social shopping with luxury items. Its easy-to-use design and strong checks for real items make it a hit with both buyers and sellers.

How to Sell Designer Bags on Poshmark

To sell on Poshmark, follow a few steps. First, make a listing with great photos and detailed descriptions of your bag.

Posh Authenticate Service

Poshmark has a Posh Authenticate service. It checks if luxury items are real. Using this service can make your item sell for more because it proves it’s genuine.

Creating Compelling Listings

To make a good listing, take clear, bright photos of your bag from different sides. Describe the material, size, and condition well. Point out special features or designer signs to draw more buyers.

Fee Structure

Poshmark takes a 20% commission on sales up to $15. For sales over that, the fee is smaller. Knowing the fees helps you set prices right.

Pros and Cons of Poshmark

Poshmark’s big, active user base is a big plus. But, the fees can cut into your profits. As one seller said, ” Poshmark’s social features help you grow your following, but watch the fees when setting prices.”

Poshmark is a great mix of social shopping and checking for real items. It’s a good choice for selling used designer bags.

6. eBay

eBay has millions of active users, making it a huge market for luxury handbags. As a leader in online marketplaces, eBay lets you list your designer bags to a wide audience. This could lead to a sale at a good price.

Setting Up an eBay Listing for Designer Bags

To sell your designer bags on eBay, create a listing that grabs attention. Take high-quality photos, write detailed descriptions, and set a competitive price.

Auction vs. Buy It Now Options

eBay lets you list items as auctions or with a Buy It Now option. Auctions can raise prices through bidding, while Buy It Now offers a quick sale at a fixed price.

Shipping and Insurance

Shipping and insurance are key to ensure your item arrives safely. eBay guides sellers on shipping, and you can offer insurance to protect against loss or damage.

eBay’s Authentication Program

eBay has an authentication program for luxury items, including designer bags. This program builds trust between buyers and sellers, which can boost sales.

Pros and Cons of Selling on eBay

Selling on eBay has its ups and downs. The good side is a large customer base and competitive prices. But, sellers must think about listing fees and the chance of disputes.

Feature	eBay
Listing Fees	Variable, based on listing type and price
Authentication Program	Available for luxury items
Shipping Options	Flexible, with seller-defined rates

Local Options for Selling Designer Bags

Local resale markets are a great way to sell luxury designer bags. They let sellers meet buyers face-to-face. This can lead to faster sales and more personal deals.

Benefits of In-Person Transactions

Buying designer bags in person has many perks. You can check the item before you buy and get paid right away. This way, you avoid worries about shipping problems.

Local buyers might also be open to negotiating prices. They can see the bag in person, which helps.

Building Relationships with Local Buyers

Connecting with local buyers can help you get more business. You can build a good name in your area. This makes selling easier next time.

They might also tell their friends and family about you. This can help you grow your customer base.

Transaction Type	Benefits	Drawbacks
In-Person	Immediate payment, inspect before purchase	Limited to local market
Online	Wider market reach, convenience	Shipping risks, longer payment processing

Looking into local options for selling designer bags can be smart. It lets you enjoy the perks of in-person deals and build strong community ties.

7. Local Consignment Stores

Local consignment stores sell pre-owned luxury goods. They offer a personal shopping experience. Sellers meet buyers or consignees directly.

Finding Reputable Luxury Consignment Shops

To find a good local consignment store, start by looking up online reviews. Ask friends or family for recommendations. Choose stores that focus on luxury items and have a good reputation in your area.

Questions to Ask Before Consigning

• What is the consignment period, and can it be extended if needed?
• How are the items priced, and can you negotiate the price?
• What is the commission rate, and are there any additional fees?

Negotiating Consignment Terms

When you consign your luxury items, negotiate terms that work for you. Understand the commission, payment, and how long the consignment lasts. Talk about these details with the store owner or manager.

What to Expect from In-Person Consignment

Consigning to a local store means getting a more personal service. The staff will check your items, take photos, and display them well. They handle inquiries and negotiations with buyers.

Pros and Cons of Local Consignment

Consigning to a local store has its benefits. You get personal service, quicker sales, and can negotiate directly. But, the store takes a commission, and there’s a chance your item won’t sell.

Pros:

• Personalized service
• Potential for quicker sales
• Direct negotiation with consignee

Cons:

• Commission on sale price
• Risk of item not selling

Knowing the pros and cons helps you decide if consigning to a local store is right for you.

8. Luxury Department Store Buyback Programs

Luxury department stores now have buyback programs. These make it easy for shoppers to recycle their luxury bags. Customers can sell their pre-owned designer handbags back to the stores. This is a convenient option instead of online marketplaces or consignment shops.

Neiman Marcus, Nordstrom and Other Store Programs

Stores like Neiman Marcus and Nordstrom have started buyback programs. Neiman Marcus’s “NM Trade” program lets customers trade in their used designer handbags for store credit or cash. Nordstrom’s “Re-NU” program also offers a trade-in service for pre-owned clothing and accessories, including designer bags.

Store Credit vs. Cash Options

These buyback programs offer flexibility. Customers can choose between store credit or cash for their traded-in items. For example, Neiman Marcus’s NM Trade program gives more store credit than cash, encouraging customers to shop more.

Seasonal Promotions

Luxury department stores often run seasonal promotions for their buyback programs. For instance, they might offer extra store credit during holidays or give bonus trade-in values for certain brands. These promotions can increase the value customers get for their pre-owned designer bags.

How Buyback Programs Work

Selling your designer bags through a luxury department store’s buyback program is easy. Customers bring their bags to a participating store. The store checks the condition, authenticity, and demand. Then, they offer a trade-in value, which the customer can accept or decline.

Store	Program Name	Payout Options
Neiman Marcus	NM Trade	Store Credit, Cash
Nordstrom	Re-NU	Store Credit, Cash

Pros and Cons of Department Store Programs

Luxury department store buyback programs are convenient but have pros and cons. They offer a hassle-free experience with trusted brand authentication. Yet, the trade-in values might be lower than selling directly or through specialized platforms.

Pros: Convenient, hassle-free, trusted brand authentication.

Tips for Getting the Highest Price for Your Designer Bags

To get the best price for your luxury handbags, timing and strategy are key. The resale market for designer bags is competitive. Knowing what affects prices can greatly increase your earnings.

Timing Your Sale

The time you sell your designer bag matters a lot. Selling during peak demand periods, like holidays or when a brand is popular, can lead to better offers. On the other hand, selling when demand is low might mean waiting longer for a buyer.

Negotiation Strategies

Negotiation is vital when selling designer bags. Being open to reasonable offers can help you sell faster. Knowing the market value of your bag is also key for effective negotiation. Using quotes from other sales can help your case. “The art of negotiation is not about getting the best deal; it’s about getting a fair deal that both parties are happy with.”

Building a Seller Reputation

Having a good seller reputation can help you get better prices. This means providing accurate descriptions, high-quality photos, and excellent service.

Maintaining Positive Feedback

Getting buyers to leave feedback is important. Responding quickly to questions and solving problems fast can lead to positive reviews. These reviews attract more buyers willing to pay more.

Cross-Platform Selling

Selling on multiple platforms can make you more visible. Keeping your listings consistent and professional across platforms can boost your reputation. This can lead to higher earnings.

FAQ

What are the best places to sell used designer bags?

You can sell used designer bags online at The RealReal, Rebag, Fashionphile, Vestiaire Collective, Poshmark, and eBay. Local consignment stores and luxury department store buyback programs are also good options.

 

How do I determine the value of my used designer bag?

To find your bag’s value, research its brand, model, and condition. Look at prices on resale sites, get expert advice, and consider an appraisal or authentication.

 

What is the commission rate for selling on The RealReal?

The RealReal’s commission rate changes based on the item’s price. For designer bags, it’s between 15% and 20%.

 

How do I authenticate my designer bag for resale?

To verify your designer bag, check for receipts, certificates of authenticity, and dust bags. Experts or authentication services on resale sites can also help.

 

Can I sell my designer bag on multiple platforms at once?

Yes, you can sell on several platforms at once. Just be aware of each platform’s rules, including exclusivity clauses and commission rates.

 

What are the benefits of selling on peer-to-peer marketplaces?

Selling on peer-to-peer sites lets you sell directly to buyers. This can mean higher profits and more control over the sale.

 

How do I take high-quality photos of my designer bag for resale?

For great photos, use good lighting and a clean background. Show the bag from different angles, including any flaws or damage.

 

What are the pros and cons of selling to Rebag?

Rebag offers a quick quote system but might pay less than other sites. Think about the pros and cons, including payment options and rates.

 

Can I negotiate prices on consignment stores?

Yes, you can negotiate prices at consignment stores. Be ready to provide documentation and explain your asking price.

 

How do luxury department store buyback programs work?

Luxury department store buyback programs let you sell your bag back to the store. You might get store credit or cash, depending on the program.

Conclusion

The luxury resale market is booming, making it a great time to sell used designer bags. There are many platforms to choose from, helping sellers get the most for their items.

Top sites like The RealReal, Rebag, and Fashionphile are leaders in luxury resale. They make selling easy with features like authentic checks and fair prices.

When picking a platform, look at commission rates, payment options, and how they check items. The right choice ensures a smooth sale and the best price for your bags.

The demand for sustainable and affordable luxury is on the rise. As a seller, you can benefit from this trend by using the best resale platforms to sell your designer bags.