Want to find out how to sell your designer bag? People sell valuables like handbags by Louis Vuitton, Chanel, Gucci, Kate Spade, and Michael Kors online all the time – and you can too. Maybe it’s time to clean out your closet and make room for a new season of trends and the latest colors. Maybe it’s time for a wardrobe upgrade, and learning how to sell purses online could help you make room in your home and in your wallet for a new collection. Fundz is here to help you get the best price for your designer purses and other valuable items. Whether you’re clearing space, looking for a little extra cash, or you need to cover an unexpected bill, let’s explore how to sell bags online, so you can get the most value for your designer purses without a ton of hassle.
How to Sell Purses Online: Auctions
It’s possible to sell Louis Vuitton, Chanel, and other designer bags online at auction sites, but beware. Using auction plaatforms like eBay can take weeks (or even longer) to sell your bags and other items. Plus, there’s no guarantee that the buyer who wins your auction will actually pay you. And, with these sites, the seller is always responsible for covering transaction fees – which can easily add up to 20% or more of the price of your designer bag. Worse, if the buyer isn’t satisfied with their purchase, they can request a refund – and you likely won’t see a refund on your transaction fees. That’s right, selling designer handbags on auction sites could actually cost you money, and it can be a huge hassle, even in the best scenario.
Make Money Selling Designer Handbags Online: Consignment Stores
You can also resell your luxury bags at a consignment store, like Real Real. These brick-and-mortar consignment stores are a popular option for a lot of resellers right now, but they aren’t the perfect solution. While it’s great that they authenticate their merchandise and will take pictures and set prices for you, it can take three to four months to get an offer on your designer bags, and the fees that they charge can reach as high as 50%.
You may be able to avoid months of waiting by selling your designer bags to an online store that purchases luxury items. Unfortunately, though, a lot of these stores don’t offer full payment for your items. Instead, they’ll offer you store credit that can only be spent at their business and won’t help you with unforeseen bills or taking on a new project at home.
And while we’re discussing prices and fees, you should always be aware of any transaction fees, storage charges, and/or commission fees that these institutions take when you sell with them. It might look like you’ll get top dollar at a consignment store or auction site, but after all those fees, you could be left with very little cash to resell your luxury bags.
Sell Your Designer Handbags Online to Fundz
Now that you have an idea of the reality of selling designer bags on auction sites and through consignment, let’s talk about the best way to sell your handbags online. Fundz is committed to offering the most value for your items – so you can sell your designer handbags online without all the hassle and fees that you get with other platforms.
Go to Fundz’ online estimator and upload pictures of your bags and a few details about it. Within 24 hours, you’ll get an initial estimated offer. And, since you already researched the market value for your handbag, you’ll know that you’re getting the value you need from the sale.
After you accept the offer, Fundz will send you a free FedEx shipping label to send your designer handbag free of charge and fully insured in transit. When your handbag arrives at the Fundz facility, fashion industry experts will appraise your bag, and you’ll receive an unboxing video to show how much care and attention is used in this process. You’ll then get a final offer on how to sell your designer bag. When you accept the offer, Fundz will send the money to via your preferred payment method (e.g., Zelle, Paypal, your bank account, etc.).
There you go – how to sell your designer handbag online in just a few simple steps. If you sell with Fundz, you can sell your Louis Vuitton or Chanel bag online without ever leaving your home.
Ready to get an estimate for your designer handbag? Head over to our online estimator now.