Consignment, Direct Selling, and Trade-In: What’s the Difference?

Tired of products that have been stored for a long time? Or do you need additional space at home to expand your new collection? Instead of being abandoned, reselling the luxury goods you have to earn more cash is better.

Besides selling luxury goods, Luxehouze also provides sales services through various methods, from consignment, direct selling, or trade-in. So, what distinguishes these three ways? Check out the explanation in this article.

Difference between consignment, direct sell, dan trade-in

These three methods can both be used to exchange old luxury collections for cash. However, the sales process is slightly different. So, what are the differences?

1. Consignment

Consignment is a selling practice by entrusting goods to be sold to business entity who then sells it directly to the public. In this case, Luxehouze acts as an official selling place that will serve as an intermediary.

The owner of the goods can leave watches or bags to be sold to Luxehouze. Later, Luxehouze will assist in promoting these preloved products to prospective buyers.

A special fee will be charged for each successfully sold product. The percentage of costs varies, depending on the selling price.

For those of you who are interested in entrusting your merchandise to Luxehouze via the consignment method, please follow the following steps:

• Register as a seller by filling out the online form. Forms can be obtained after contacting the official WhatsApp number at +6287776807475 for Luxehouze Indonesia or +6598625974 for Luxehouze Singapore.
• Get an estimated selling price from Luxehouze within 48 hours.
• Bring your items to our boutique store for inspection by experts from Luxehouze.
• When the inspection process and price offering are approved, Luxehouze will include the item entrusted to the list of products for sale.
• After finding a buyer, Luxehouze will send the earnings to the previous owner within three working days.

2. Direct selling

Unlike the consignment method, when you choose direct selling, your items will not be entrusted to Luxehouze to be sold to potential new buyers. Luxehouze will buy your luxury goods directly without any more strings attached.

This process tends to be faster than consignment. This is because, in consignment, the seller needs to wait until the prospective new owner purchases the goods.

Meanwhile, when you try direct selling, you can immediately sell goods and receive funds from the sale immediately.

Interested in direct selling to Luxehouze? Here are ways you can do it to get started.

• First, register to become a seller by filling out the form. Forms can be obtained after contacting the official WhatsApp number at +6287776807475 for Luxehouze Indonesia or +6598625974 for Luxehouze Singapore.
• Get a quote from Luxehouze within 48 hours.
• A Luxehouze specialist will contact you to discuss sales details.
• Take items to the boutique store for inspection by experts from Luxehouze to ensure authenticity and quality.
• After completing the inspection process, Luxehouze will immediately send payment within 24 hours.

3. Trade-in

The last method that can be used to sell luxury goods at Luxehouze is through the trade-in process. This method suits those who want to exchange old collections for new collections of watches or bags.

Unlike consignment and direct selling, owners who choose the trade-in process will not receive sales proceeds in cash but in the form of new products. These new products can be selected as desired.

If the sales nominal is still not equal to the price of the new product, then you will be asked to pay the difference. Sales by way of the trade-in can be made through the following steps.

• Register as a seller by filling out the form. Forms can be obtained after contacting the official WhatsApp number at +6287776807475 for Luxehouze Indonesia or +6598625974 for Luxehouze Singapore.
• Wait 48 hours to get the estimated price determined by Luxehouze.
• A specialist from Luxehouze will be in touch to discuss sales details.
• Take items to the boutique store for inspection by experts from Luxehouze.
• After checking, please pay the nominal difference in the price of the new product, and the substitute item is ready to be taken home.

Cost of selling pre-loved luxury goods at Luxehouze

For sales using the consignment method, Luxehouze sets some additional rates. The fee is adjusted based on the selling price and product type.

Cost of selling watches

If you sell luxury watches, an additional fee of 2% is imposed if the selling price of goods is more than IDR 50,000,000.

However, if the selling price is at most IDR 50,000,000, then the percentage of additional tariff is 5%.

Cost of selling bags

For sales of luxury bags such as Hermès Birkin or Kelly, an additional tariff is set at 3%of the selling price, especially for sales above IDR 50,000,000. If the sales are below IDR 50,000,000, the percentage of the additional tariff is 5%.

Consignment experience with Luxehouze

Many Luxehouze clients have been selling old collections at Luxehouze through various methods, one of which is by consignment. Before you choose to sell with us, take a look at Rachel Nathani’s testimony.

Consign vs. direct selling vs. trade-in, which is better?

All methods are equally profitable. However, deciding the most fitting way according to your needs would be best. For example, direct selling is the right choice if you plan to get additional income quickly.

But, if you want to get a new collection at a more affordable price as a replacement for the old one, you can choose the trade-in method. Whatever sales service is needed, find convenience through Luxehouze and visit our Selling Guide to start.