As I mentioned a few weeks ago in a post, there is a market developing for used designer handbags in various countries, including Hong Kong. As I wrote:
“…handbags that do not have a home are finding new love in Hong Kong, where the used handbag market is positively booming. According to a story from Google News, reselling luxury handbags has become a boom industry in the major city, where bags are not hard to find…”
However, there are many reasons to keep your western style handbags, even if you are looking for new ones. There are ways for you to increase your return on the initial investment when you purchase a designer handbag, especially if you sell wholesale handbags in your store. According to a column from Accounting Today, the return on investment (ROI) for the handbags you purchase should factor into how you choose the bags:
“…the top brands that smart consumers should look at when considering resale value include Hermes, Chanel, Louis Vuitton, Balenciaga, Salvatore Ferragamo, Bottega Veneta, Fendi and Judith Leiber. Many of these brands include a lifetime warranty or free or discounted repair work if your designer handbag purchase is ever damaged or in need of professional cleaning.”
Furthermore, the author offered some tips on what to look for when considering a sale of your used handbag in years to come:
“… narrow the field by zeroing in on the brand’s most enduring styles–ones that are sold season after season. Choose a long-lasting material that will not easily rip, fade or damage. Pick a neutral color that will lend itself well to resale or will match with most of your wardrobe.”
ROI is something to consider when purchasing a western style handbag, whether it is for personal use or you are choosing from a selection of wholesale handbags for your customers. With money becoming tighter around the country, some people who would normally buy these bags are questioning such purchases. Buying bags that offer resell value in the long run is the way to go – it will pay dividends for you and your customers.
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