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Consignment Tips


Feel free to use this tip sheet / checklist as you tackle your own ""do-it-yourself"" organizing projects. If you would like to REPRINT or DISTRIBUTE this information, please click here for reprinting instructions.


HOW CONSIGNMENT WORKS

  • you sign a contract with a retailer
  • you leave your merchandise with the retailer
  • retailer displays them for sale for a set period of time
  • if an item sells, you are paid a percentage

PICKING A STORE

  • visit the shop for its layout, feel, and appearance
  • find out how and where your products will be displayed
  • see what kind of customers frequent this store
  • find out what kind of shopping traffic the store gets
  • check out the condition of other merchandise
  • choose a shop that specializes in your particular merchandise
  • i.e. furniture, clothes, children's items, collectibles, etc.
  • decide if your products fit in with the feel of the store
  • look at the prices of other similar items
  • ask how your valuable items will be insured
  • look for fire protection, locked cases, burglar alarms, etc.

PREPARING YOUR MERCHANDISE

  • thoroughly clean all items before submitting
  • repair any damage or wear if possible
  • take photos to show the quality and condition of each item
  • time your consignments right when submitting seasonal items
  • get a rough idea of what an item is worth ahead of time
  • prepare any paperwork (appraisals, insurance, etc.)

PROTECTING YOUR RIGHTS

  • get all the terms and agreements in writing
  • make sure you understand your rights and responsibilities in writing
  • ask for the right to "pull" your items early if they aren't selling
  • know what kind of "discounting" schedule will be applied
  • know up front what the consignment percentage fee will be
  • ask about any other charges
  • check with other consigners for their experiences
  • receive an itemized receipt for the items you've submitted
  • get a regular statement for items that have sold

 

Copyright Ramona Creel, all rights reserved-- you are welcome to reprint any article, but you MUST include this resource box.

Ramona Creel is a modern Renaissance woman and guru of simplicity -- traveling the country as a full-time RVer, sharing her story of radically downsizing, and inspiring others to regain control of their own lives. As a Professional Organizer and Accountability Coach, Ramona will help you create the time and space to focus on your true priorities -- clearing away the clutter other obstacles and standing in the way of that life you've always wanted to be living. As a Professional Photographer, Ramona captures powerful images of places and people as she travels. And as a travel writer, social commentator, and blogger, she shares her experiences and insights about the world as we know it. You can see all these sides of Ramona -- read her articles, browse through her photographs, and even hire her to help get your life in order -- at www.RamonaCreel.com. And be sure to follow her on Twitter and on Facebook.


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