Tips on Consignment Selling

14 Oct

If you aren’t sure about what kind of business to venture in, you might want to consider selling items on consignment. At first, consignment selling might be a tricky one; however, it has several tips:

1. Check the shop out.

Choose the retail shop wisely. If you have to do physical visits, then do so. This is a crucial part of your consignment journey as you will be dealing with them for the entire duration that you are doing the consignment. Also, it is important that while you’re there, you check merchandise condition, how merchandise is displayed, and the prices of comparable items.

2. Determine it matches with your products.

What products do you want to go on display? Look for consignment shops that sell the same general type of merchandise you are offering. For instance, if you are into sneakers, then go for a shop that is able to provide you with your supply regularly and on an on-demand basis, in cases where there would be high demands for it.

3. Be sure to get the terms in writing.

One word best describes this. AGREEMENT. Have everything on paper. Spell out the agreement with the retail store in a written contract. Get the owner or buyer to sign and agree to your terms regarding the payment schedule, responsibility for lost or stolen goods, and display and upkeep of the merchandise. This is very important not only in consignments but in every endeavor you put yourself in. It’s a risky world after all.

Another tip for newbies would be to remember that consignment selling isn’t always for you. There are times when it works and then there are times when it won’t. Don’t give up. Do some trial and error and you will basically find a product or merchandise where you can finally say, “This is it!”

If you want to get started on consignment, check this out: The Designer Consignment-Fully Authenticated, Amazingly Priced.

Good luck!

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