WHY: One In and One Out.... Does This Concept Really Make Sense?

[CornishMon]

So I live by the 10 bag rule and it was not because I heard it from this bop person you refer to. As I don't Instagram and definitely do not watch you tube videos. Heck it's bad enough I am a part of the forum but it is a place to come where many people share the same love for bags. Any who I don't necessarily do the one in one out but I will stay at that 10 bag threshold as I feel it does keep things in perspective. I may not even have a bag in mind that I want to let go of one that I have not used in months. I don't believe in spending thousands of dollars on a bag I am going to use once or twice a year for occasions. Really depending on the bags you are buying it does not makes sense to have a bunch of bags of a certain magnitude just sitting in a closet not being used - that to me is a waste if you want to talk about waste. Here's the deal as we mature over time lifestyles change, financial situations change (hopefully for the better), taste changes and even in some cases environments change. What worked for me last year may not work for me this year. So as far as being strategic in our purchases - I believe we are for that particular time in our lives. The same goes for clothes as I am pushing fifty and I guarantee you the clothes I wore when I was twenty will not be worn today. . .and I was strategic in what I bought back then - just doesn't work now. The reason I pick ten bags is because I feel like any more than that it is almost impossible to use all of them and I change bags daily. Also hording a bunch of bags can be overwhelming to say the least at some point and time. And not sure just how much you have sold but you are quite wrong in your perception of what is actually earned/lost. I can say really for the bags I have sold I have either broken even or I have made a little bit depending on the bag in question. As far as selling to Fashionphile or yoogis that is a big no no in my book because they definitely do not give you what you could make on your own but I do understand not everyone wants the hassle. Also bag worth really depends on a ton of factors: condition of the bag, type of bag, designer, material, discontinued or just plain not available, are you the original owner, location, receipt/proof of purchase and original packaging. A lot of variables will definitely play a part in what your bag is worth. Not to mention in your assessment you should also calculate the time in which you owned the bag. So if I had a bag for three or four years maybe longer and I decide to sell loosing let's say taxes I paid or even a couple hundred - hmmm think I got my money’s worth. And you would be surprised what people will pay for a bag in excellent condition! Heck I am every time. At the end of the day bags are not trophies to sit on shelves to look at nor are they investments (as some may think) - they are bags that are meant to be used. There is my perspective.

 

[LovEmAll]

My goal isn’t to put you on the defensive rather it’s to caution others that buying a high priced item with the hopes of using for sometime and selling on the resell market can cost you more and be more of a hassle than they think.

Congratulations on such a wonderful relationship with your reseller. Most people take a lost on LV and Chanel bags even if they are brand new never worn. It is a very rare occasion when someone makes a profit on a non hermes handbag in the resell market. Selling these bags especially on consignment and take months. Resellers are not our friends many will low ball and give the lowest possible price for a bag.

My Math included taxes as I mentioned. I however didn’t include the time and effort that it takes to sell a bag after market and the hassle if it goes wrong.

My Math was
Chanel Bag $3200 + 9% tax ($288) = $3488
$3488 - $2447 = $1041

(this is unlikely most people bag will fall in the very good category)

Yes it may be nice to get that item out of the closet and make some feel good with the mindset that some how they received money for a not used bag. But why not especially for the seasoned handbag person and newbie ask Do I really need to spend $3488 for a handbag that I may not use especially if I can’t truly afford to lose $3488. Why not see the bag wait a few days and really think do I need this item. Can I see myself wearing this item 10 or 20 years from now.

$3488 in your account and feeling that you didn’t settle or buy on impulse is even better!

I understand why you would give in and go for the Chanel. Hermes can seem tricky but in recent years it has gotten much easier to get the hermes bag of your dreams from the boutique if you are willing to be patient.

I am confused reading this for so many reasons and I really want to understand your perspective and reading of the article.

At least for me, I never read the one in one out article as somehow promoting buying a high priced item with the hopes of using and then reselling for more than it cost. I also didn't read it as somehow encouraging people to spend money on a bag without thinking about it long and hard and determining whether it is a piece you'd want to have in 10 or 20 years. I don't read @Rami00 response here to mean that either.

If you know her, she will be the first to tell you to REALLY think about your purchases to make sure they are what you want/need and to make conscious decisions about them - to me that is the theme of all her articles actually. I know they have helped me tremendously - not that I wasn't strategic about my purchases before, but they keep me focused and on target so to speak.

Bottom line, to me, if one in one out works for you and you want to do it, go for it. If it doesn't, then don't. The point is really to get all of us thinking and making conscious decisions about our purchases. I don't think her articles (or really any of the advice in the websites in our wonderful community of bag lovers) is meant to be taken as gospel but rather one person's perspective to hopefully help others in a similar spot or with the same dilemma.

Just my two cents

 

[Rami00]

@CornishMon Exactly! You nailed it

 

[Rami00]

You are super sweet LovEmAll Thank you
I am really confused on what OP is trying to say...

 

[DollyDoll]

I am confused reading this for so many reasons and I really want to understand your perspective and reading of the article.

.

Just my two cents

I too am confused by your reply and will leave it at that. Everyone is different. I guess some people are okay with buying and selling and some do make a profit off selling used bags. If one is making a profit I think that’s great. But if you are losing money selling it just doesn’t make sense to me. That’s my opinion waste of money time and a bag someone else may have loved.

Recently I was called in for a pink Chanel Jumbo beautiful bag. Only to find hair and other things in the bag it had clearly been used and returned. After the manager apologized and informed me the bag should not have been accepted I was left wondering how many people do this. How many people buy bags for whatever reason knowing they won’t use or can’t afford only to return or resell in hopes of gaining some profit.

I have never sold any items I’ve bought so I guess this idea is just foreign to me.
Bravo to those it works for!

 

[DollyDoll]

You are super sweet LovEmAll Thank you
I am really confused on what OP is trying to say...

The point Rammi00 is very simple but I do understand we have very different ways of thinking.

My goal is to also warn people to not go into high price purchases especially Chanel believing you will easily sell your handbag for profit. Or the resell market isn’t a hassle. Because it is.

I think your Philosophy is very smart and anything that gets people thinking is great! We don’t need 5 blue bags or 5 beige bags no matter how different they are and your article certain gets one thinking hey let me be smart in my choices.

I would like people to get even smarter. Especially those of a certain age why buy it in the first place if you don’t see it as a forever bag. Especially when people are asking the question “how to finance my handbag collection”.

 

[LovEmAll]

I too am confused by your reply and will leave it at that. Everyone is different. I guess some people are okay with buying and selling and some do make a profit off selling used bags. If one is making a profit I think that’s great. But if you are losing money selling it just doesn’t make sense to me. That’s my opinion waste of money time and a bag someone else may have loved.

Recently I was called in for a pink Chanel Jumbo beautiful bag. Only to find hair and other things in the hair it had clearly been used and returned. After the manager apologized and informed me the bag should not have been accepted I was left wondering how many people do this. How many people buy bags for whatever reason knowing they won’t use or can’t afford only to return or resell in hopes of gaining some profit.

I have never sold any items I’ve bought so I guess this idea is just foreign to me.
Bravo to those it works for!

Everyone is different and everyone is entitled to his/her own opinion. I 100% agree with you on that. If you think selling at a loss makes no sense or buying a bag and down the road letting go off it doesn't make sense either, that is perfectly fine. Others may agree or disagree and that is perfectly fine too.

I mentioned I was confused because I truly wanted to understand your point of view and reading of a piece many of us have also read. I don't know why my response is confusing, but if I can help clarify, please let me know and I would be happy to try.

I think the concept of getting a bag...using it...deciding you don't want or need in your collection...and then selling is completely different than getting a bag...using it...and returning it for your money back at the store. The latter is simply unacceptable in my book and stores have policies against it for a reason. You used it, you keep it. I am sorry you were shown a bag in that condition - it should have never happened and it looks like the manager acknowledged that.

 

[CornishMon]

The point Rammi00 is very simple but I do understand we have very different ways of thinking.

My goal is to also warn people to not go into high price purchases especially Chanel believing you will easily sell your handbag for profit. Or the resell market isn’t a hassle. Because it is.

I think your Philosophy is very smart and anything that gets people thinking is great! We don’t need 5 blue bags or 5 beige bags no matter how different they are and your article certain gets one thinking hey let me be smart in my choices.

I would like people to get even smarter. Especially those of a certain age why buy it in the first place if you don’t see it as a forever bag. Especially when people are asking the question “how to finance my handbag collection”.

Well now being able to afford luxury bags is definitely a whole other discussion. Lets face it many who buy luxury bags cannot afford them but what business of that is mine - right? Not my money. And I'm not saying that running up credit for a bag is a smart thing to do financially and a big no no as well but some have to learn that lesson on their own. So unfortunately you are preaching to the choir on this subject. As people will buy what people want. And unfortunately or fortunately which ever people will chime in and disagree when generalized statements are made without real facts. I am not to sure how many people buy a bag with the intention of selling or keeping forever. Again I buy what fits my lifestyle at the time and I definitely have never picked a bag based on resale value or not and i'd like to believe most not all do the same. But then again I say what business is it of ours if one wants five blue bags or runs up credit cards or if one saves for an entire year to buy? How one finances any of their lifestyle vices is not for me or any one else to judge.

 

[DollyDoll]

Well now being able to afford luxury bags is definitely a whole other discussion. Lets face it many who buy luxury bags cannot afford them but what business of that is mine - right? Not my money. And I'm not saying that running up credit for a bag is a smart thing to do financially and a big no no as well but some have to learn that lesson on their own. So unfortunately you are preaching to the choir on this subject. As people will buy what people want. And unfortunately or fortunately which ever people will chime in and disagree when generalized statements are made without real facts. I am not to sure how many people buy a bag with the intention of selling or keeping forever. Again I buy what fits my lifestyle at the time and I definitely have never picked a bag based on resale value or not and i'd like to believe most not all do the same. But then again I say what business is it of ours if one wants five blue bags or runs up credit cards or if one saves for an entire year to buy? How one finances any of their lifestyle vices is not for me or any one else to judge.

Couldn’t agree more!
Not judging anyone.
Thank you for your comment!

 

[lovingmybags]

I don't think there are many people who'd be naive enough, to believe they can make $$ selling bags...? Or even just recuperating all of the cost involved. Like cars, usually the value for "things" depreciates immediately after purchase. People's tastes and needs change. As long as they're not caught in a vicious buying/reselling cycle, like running on a treadmill perpetually, why not sell? Obviously it'd be smart to just make the right choices to begin with, but who among us really can boast of never making a mistake? It's really more like cutting your losses and move on.

 

[DollyDoll]

I don't think there are many people who'd be naive enough, to believe they can make $$ selling bags...? Or even just recuperating all of the cost involved. Like cars, usually the value for "things" depreciates immediately after purchase. People's tastes and needs change. As long as they're not caught in a vicious buying/reselling cycle, like running on a treadmill perpetually, why not sell? Obviously it'd be smart to just make the right choices to begin with, but who among us really can boast of never making a mistake? It's really more like cutting your losses and move on.

I agree completely but some have stated that they have made profit continually on selling their bags. I’ve made less costly mistakes on shoes. Thankful I have made wise choices in handbags and have not had to sell any of my handbags or have had to use this practice to fund my new purchases.

But to each their own. What works for some may not work for others and absolutely no judgment whatsoever to anyone who has, does or does not.

 

[CornishMon]

I agree completely but some have stated that they have made profit continually on selling their bags. I’ve made less costly mistakes on shoes. Thankful I have made wise choices in handbags and have not had to sell any of my handbags or have had to use this practice to fund my new purchases.

But to each their own. What works for some may not work for others and absolutely no judgment whatsoever to anyone who has, does or does not.

You keep saying no judgement. . .oh but you are judging. Also making statements that you have no idea are true or not. Again not any of our business how one buys their bags or what ever they are Into. You make it sound as if you are above selling and as you state don’t need the sale to purchase another bag. And good for you not having to practice this ritual as you say. I say for those who do that it is better then running up debt to pay for bags that are sitting. All of our disposable income varies. Now I don’t have to sell a bag to fund another as many times I probably buy before I let something go. But i am also not going to hoard a bunch of bags just because I can buy! And I certainly am not going to turn my nose down on someone who does. You are very much so judging.

 

[DollyDoll]

You keep saying no judgement. . .oh but you are judging. Also making statements that you have no idea are true or not. Again not any of our business how one buys their bags or what ever they are Into. You make it sound as if you are above selling and as you state don’t need the sale to purchase another bag. And good for you not having to practice this ritual as you say. I say for those who do that it is better then running up debt to pay for bags that are sitting. All of our disposable income varies. Now I don’t have to sell a bag to fund another as many times I probably buy before I let something go. But i am also not going to hoard a bunch of bags just because I can buy! And I certainly am not going to turn my nose down on someone who does. You are very much so judging.

There is a lot of assumption in your post here. It comes across as you taking this far too personal. In addition you are also assuming my intent.

No one is judging and it is not judging when one does not agree with you or share the same practices.

It’s a purse blog certainly not so serious.

And in agreement with the original poster I said: I agree As I said to each their own. What works for some may not work for others and absolutely no judgment whatsoever to anyone who has, does or does not.

Good day and I will not be responding to you as it’s just not meant to be taken so out of context seriously. Assuming ones intent and reading into things on a personal level is a bit much for a forum. I’m sure the Energy could be focused in a much more positive area.

Thank you for your comments, your points are noted and have a great weekend.