NextGen Resale and Consignment is a service bureau providing know-how, software and support to owners of resale and consignment shops. NextGen has grown from supporting stores selling used children’s apparel, toys and equipment to stores selling used juniors and women’s apparel and accessories.
NextGen clients buy outright and accept items on consignment. They sell new merchandise and used. All are brick and mortar operations; a small number sell on-line. Some have multiple shops, most only one. All require responsive how-to support as well as technical support. All utilize NextGen’s pricing system to keep prices current, and save time spent on buying, pricing and related training. All welcome as many features as they can get.
Initially, NextGen contracted with one of the few POS vendors supporting both consignment and buy-outright operations to customize its offering by building in NextGen’s buying/pricing application. In the end, the vendor was unable to produce, and NextGen had to forego its investment and renew its search—this time in a more diligent fashion. After an exhaustive and systematic review, we found Liberty 4, by Resaleworld. It was, is, and remains the only software that satisfies the essential demands of our varied clients. Specifically,
- First and foremost, capable of seamlessly delivering our off-line and on-line women’s, children’s and juniors pricing system
- Full-featured consignment as well as buy-outright modes—clients are increasingly using both
- Fully supports the acquisition and sale of new merchandise as well as used
- Supports on-line as well as off-line sales
- Available for purchase and installation, or on a monthly subscription basis as an internet service
- Supports multiple locations via a private network or the cloud.
- True ‘on-call’ technical support—not the as-available’ technical support characteristic of the little POS vendors that dot the resale & consignment software landscape.
- Lots of features—the most of any POS software in the resale industry
You have the store, the furnishings, the racks, the signage…and you’re taking in inventory. Are you confident in your ability to price? There are so many factors involved in pricing—it is one of the most important pieces of making your business a success. At the same time, it is the most vague and challenging piece.
If you price too low, people will think that your product is cheap. It’s very tricky–you think low prices will bring in business, and it may, but you will not gain a reputation for having great stuff, just cheap stuff. You are thrift. Shoppers will come to you because you have low prices, but you cannot sustain a business at that level, and your consignors will leave.
If you have wonderful labels, top of the line, but you overprice, they will stay on your rack…forever. Or…you will have to reduce the price, and that sends a different message. Now the customer thinks there may be something wrong with the item, or perhaps start to doubt their taste or knowledge of fine clothing. Not good.
Either way, you are not building a reputation for wonderful clothes at great prices! When business is slow, it’s easy to start to doubt yourself, to second guess everything you’ve done. I’ve been there. It’s hard and scary. The most important thing about your business is pricing. You can have the most beautiful or trendy store–but if the prices are wrong–you’re in trouble. And don’t forget, there is always another store opening to compete with you.
The bottom line is pricing. It can make or break your business. Wouldn’t it be awesome if there was a system out there to help you price? Well– there is. The Women’s Fashion Pricing System is the answer!!! It works. No more stress, no more guessing, no more anxiety. We know the business you’re in, and we can help you make it successful. Just enter the brand and category and we give you the price range. It’s that easy!
Talk to us. Let us help you. You’ll sleep better.