Friday, April 19, 2013

Selling on Consignment: What Happens Now?


You have done all the legwork and your products are in the consignment shop. How exciting is that? Did you ever imagine in your wildest dreams that this would happen one day? Maybe not but, lo and behold, it has! So, what do you do now?

* Stop in at least once a month to see if anything has been sold and to collect any money owed to you. You can drop in occasionally in between, if you are in the area, but don’t call or go there every other day to see how it’s going.

* Replenish stock as required, if you agreed to keep a certain level of product in the shop. Have an inventory list to be signed for the new products, as before.

* Make sure your product is properly displayed and sustained. Ensure that nothing has gone missing, referring back to your original inventory list.

* Maintain a friendly, but professional, relationship with the owner. She is the person who will be promoting, and hopefully selling, your products on a daily basis.

I hope that you have found this series of blog posts helpful. Learning lessons the 'hard way' is never my preference. I'm sure it's not yours either. 

I wish you all the best of luck with your consignment ventures! If you have any other tips or advice to share on this topic, please leave a comment below.

2 comments:

  1. Great article & very much needed. What kind of agreement do you make with store owners over missing inventory?

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  2. Thank you for the overview to consignment sales. Much helpful info here.

    I presently have my line in 3 local shops and do stop in regularly just to chat and look over my investment.

    ReplyDelete