A 5,800 square feet warehouse sounds like a lot of space, but it is not infinite (unfortunate for my furniture- and prop-hoarding tendencies). Me and sis have always talked about doing a huge blown out sale at the studio but it always gets too crazy with projects and we never get around doing it.
It is important for us to retire inventory semi-regularly, because
- we need new stuff to keep our look on trend and fresh
- we do get a little tired seeing the same furniture over and over
- we can recoup more return on investment on each piece that is being sold while it is still in its prime
- we have limited shelf space. We can't keep buying new stuff without making room for them!
We had tried garage sales and Craig's List and both are not very successful methods. Garage sales are good but can be tough. They are a lot of work to host (we have to clear out space, determine what to sell, price individual piece, set up the merchandise, and block off sections of the studio so people are not wandering everywhere asking about things we are not selling). Our studio is also in a more industrial area. It can be a little tricky to find.
Craig's List usually sucked. Mainly because a lot of people work during day time so we had to sit around after work waiting for someone to come see the furniture. People are almost always no show and never bother to call or text us. It had happened so many times we just never bother with Craig List's anymore.
So retiring inventory has become such a headache, until we met Move Loot.
I was intrigued when Move Loot's Business Development Associate Eliza reached out to me and me and Yi Hsuen decided to give it try. It was also perfect timing. After a whirlwind last year, our studio was bursting. Because we had so much to sell on Move Loot, we qualified for bulk submission ($4k worth of furniture or 30+ items).
- Free pick up, which is great. I really don't want to pack, move and drag 30+ pieces of furniture to Dogpatch (even though I love Mr. & Mrs. Miscellaneous.)
- With part of the bulk submission process, we chose to let Move Loot price the items for us. This means that Move Loot will write the ad, take professional photos of the items and upload the photos. For us, this is a HUGE time and money saver. To be honest, with the amount of inventory that we have, it is difficult to keep track of purchasing costs and judging what they are worth to the general public. It is great that there are professionals who can do it for us and save us the headaches of administrative work of setting up for good sales photos, uploading them, writing cool marketing copy that sell and figuring out a good price to sell.
- They take professional photographs. All the furniture pieces you see in the title graphic above are ours. They have the items professionally photographed in their studio, which is something we don't have the bandwidth to do. Our Craig's List photos are terrible in comparison, surrounded by other furniture, shot on our racks, bad lighting and the colors are not accurate. Move Loot takes multiple photographs, like our sectional ad below.
- No headaches. The whole process is pretty smooth and we are pretty much able completely be hands off during the pick up and selling processes.
- When the item sells, we split 50-50 with Move Loot, and the funds are immediately funded electronically. We did the math, with all the work associated selling inventory on Craig's List ourselves, we probably would come out roughly the same. Plus, there's no haggling with potential buyers, which I really don't like to do.
- They price the items fairly well, which I was pretty impressed by.
- We get our space back so we can get more new stuff! And more space for our dog to run around in the studio!
- This is probably not a real con, because ultimately it protects the buyers. But to warn you, the movers are picky. They will scrutinize every little detail, smells, if items are wobbly, etc. Their people are nice to work with, but just be prepared that you may have a few rejects.
- There are a lot of back logs with bulk submission. It took about 3 weeks for our items to appear on their website.
THE FINAL VERDICT
Overall we are happy with our experience, because Move Loot solves a 2 critical problems for us: space & time. We get more storage space back, we are recouping part of our original investment and we basically delegated all the selling to Move Loot. I think Move Loot and its bulk submission process are great for stagers like me, who are looking for ways to save time and get recouping part of our original costs. It is also great for homeowners who are moving. Basically once Move Loot makes the pick up, everything else is their headache.
If you are just selling a few pieces or don't want to do bulk submission, you can submit individual items on their app as well, which Eliza had shown me how to do so. It is super simple. You take a photo of the item with your phone, input it into the app, and that's it.
Here are some of the items we've listed for sale, in case you are interested:
If you are a stager in the bay area, Staged4more and Move Loot are co-hosting a happy hour!
Join us! I'd love to see you!
Wednesday, April 29, 2015 from 4:30 PM to 7:30 PM (PDT)
4:30-5:00PM Meet & Greet at Move Loot Warehouse
5:00-5:45PM Move Loot Warehouse Tour
5:45-7:30PM Stager Happy Hour with wine and light bites (on us!) at Yield Wine Bar
Not in San Francisco bay area? Move Loot's services are also available in the Raleigh, Durham, and Charlotte, North Carolina and Atlanta, Georgia.
ps. We have tried Move Loot and we genuinely like it. There is an affiliate link in the post that allows you to get $25 when you sign up for an account (free to sign up!).