Tuesday, July 8, 2008

Vintage Clothing & Accessories as a Business

This Vintage Hermes 35" x 35" Silk Scarf sold on eBay for $250 in June, 2008.

Today as a favor for my friend, Colin, who is sharing our vacation, I attended a meeting on timeshares so that he could receive a $75 gift. This seemed simple enough, but as most things in my life it took a strange turn. When I joined him, the session was already in progress, and the young lady who was conducting the interview looked to be eighteen or nineteen years old. This proved to be the fact, because she was a recent high school graduate. Her name was Ana, and I was amazed at her command of the financial facts necessary to sell a timeshare.

Colin was more than willing for me to enter into their conversation, and I soon learned that her father was an Elvis Presley impersonator here in Pigeon Forge. What a life this young lady has lived, but I will have to share more of it with you later. I asked her if she got her poise from her father, and the answer was “yes”. I soon shared with her about the 31 Club, and this started an extended conversation.

You see, at this early age, she is already planning her future and it includes a Vintage Clothing store and this extended to a large Internet presence. Having my total attention now, she began to mentor me in the field of Vintage Clothing and Accessories. Did you know that the real market in this field is in the accessories, and the profit can be fit for a King? A vintage scarf that puts the finishing touches on the special outfit may sell for $250, or the belt that accentuates that wonderful waist line can fetch up to $500. Boy, am I behind the times! When you add hats, gloves, shoes and jewelry to this mix you have the opportunity to enlarge your bank account fairly rapidly. I ask her if the market in Vintage Clothing and Accessories could support her in the lifestyle that she wanted to live in the future. Her answer was “it could provide me with any lifestyle that I could dream of.” How often have you passed by the clothing and accessories lying in the bedroom of your last visit to a house sale?

I promise, as soon as I return to Chicago, I will be hitting the books to get myself up to par on this field of collectibles. I hope that you will too. Ana has promised to stay in touch, and as continues to coach me, I will help her get her company off he ground. Colin and I have already learned that she is going to be in Chicago soon, and we’ll get together then.

Almost everyday, I run into people that have great ideas that pertain to the field of collecting. I hope that I will be able to pass these on to our members so that the horizons in collectibles will be widened. Who would have ever thought that those old garments and accessories that my mother was throwing out today could be worth a fortune? We always get back to those tried and true sayings like “one man’s trash is another man’s treasure.” So true, so true.
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