Recently I have tried selling ukay-ukay. Since I am an avid fan of relief goods and the opportunity to know who the importer came I grabbed the chance to try the business – first hand experience of doing it was my goal.
I daily dolly a little bit in purchasing the initial bundle but my friend immediately bought 5 kinds of goods namely Blouse, shorts, kids etc. It was advantageous for me because I was able to get feedback from her. She was very positive.
So I asked her how many blouses she got in her bundle, this is before I bought mine. The Bundle was priced at P13,500. She said she got more than 1,000 pcs. So it seemed that her investment in each blouse range from 10 to 15 pesos each. Wow not Bad – knowing that when we buy the newly opened ukay ukay blouse the price would start from 65 to 85 to 100 pesos.
Now, what happened to me. This is my experience. In my investment of P14,000 (500 was added as freight) I only got 700 pcs of blouses. This means that each blouse was priced at 20 pesos. To date I got back already my investment money of 14,000 after 2 months of selling in my auntie’s garage. I still have some 400 pcs of blouse though.
So now we can say that my profit out of this endeavor would depend on this left out pcs of goods. If I can still sell this at 35 pesos each (3 for 100) this would still sum up to 12,000. But if I opted to sell these at 10 pesos each my profit would only be 4,000. But still these are only projections. It is hard to make a statement unless we already have the cash proving that the goods are all sold out.
# Profit projections in ukay ukay can not be calculated because we can not choose and we do not know the content of the bundle in terms of its specific quantity and kind.
# But if we know how to price the items well especially if we got a good bundle, we can hit the jackpot. If in case the bundle’s content is not so good. The advise of those who are into it is to get another bundle. I interviewed one of the owners of an ukay ukay, I asked her if there really is one bundle that is so bad we can not retrieve our investment money. Her answer was no. She can always get back her “puhunan”. She even said that it is a good business. So I guess the strength of this business is its High Profitability.
And if you think you can still survive after reading the following disadvantages then go and try it. This might be the business you’ve been waiting for.
*** The bulk of clothing that are no longer sold even if you price them at 1 peso because it is out of fashion, torn, stained etc.
Suggested Solution: Make pillows or crafts out of these
*** Theft and pilferage from the assistants who sometimes receive the money when you are not there. There is no proper inventory because the Price always vary.
*** The Saturation of interest of the ukay ukay if there is no “Newly Opened” items.
Suggested Solution: travel and sell to another town or brgy
If you are interested please view the comments after this article. There are some suppliers responding to this blog and they are giving us their contact numbers. Please feel free to communicate with them.
Thanks a lot for reading this. Cheers!