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About consignments - Page 3This is a thread in the General Retail Discussion forums.Originally Posted by EarthlyScents Now you're confusing ChinChic. She's asking from a consignee's point of view, not as a consignor ... |
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10-03-2009, 11:13 AM
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#21 | |
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Senior Member
 Join Date: Oct 2008
Location: paradize center
Posts: 31
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Re: About consignments
Quote:
before you say that, READ her posts.. this is her original question.. ""let's say my product costs me $3 per piece, i intend to sell it at $10, so my profit is $7. so if i would like to put my items at a shop to sell at $10, if based on 30-70, does that mean that I can only take back $7 for one item sold?"" as you can see, this person want to put his/her things to a shop.. and was confused about the margins. and i replied preciesly to it, that he or she should should add on to the margin.. and just add another percentage to give it on consignment or put that items to a shop.... if i confused you with that chinchic then I'M TERRIBLY SORRY! Last edited by FASHRUS : 10-03-2009 at 11:16 AM. |
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10-03-2009, 09:51 PM
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#22 |
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Senior Member
Join Date: Feb 2009
Location: The little Red Dot
Posts: 54
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Re: About consignments
dear FASHRUS & EarthlyScents, thank you so much for your helpful replies, i think i sort of get the idea now...
and so sorry for not explaining properly earlier... as i wasn't sure what's a consignor & consignee... but as i was reading through the posts, i guess i should be a consignee: someone who's trying to get retailers with shops to sell her products. you see, i'm in the process of getting some bags from an overseas supplier to sell in s'pore. one of the ways i'm thinking is to get a shop to sell them for me... at that point i did not know if i'm considered a consignor or consignee... so sorry for the confusion caused. so now i sort of get it. in my example, as a consignee selling my items at $10 per piece when it costs me $3, if it's on a 30-70, then i should get back $7 and earned $4 out of it. yup   |
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10-03-2009, 10:33 PM
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#23 | |
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Member
Join Date: Mar 2007
Posts: 26
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Re: About consignments
Chin Chic
Your are absolutely right on the last point with regards to the mechanisms of a typical consignment scenario. Quote:
According to thefreedictionary.com: Consignor is the person who delivers over or commits merchandise (this is the supplier in the retail context) Consignee is the one to whom something, such as goods or merchandise, is consigned. (this is the retailer in the retailing context) Similarly, in the shipping context, the consignor is the shipper, while the consignee is the receipient. If you are have used international couriers before, you should be familiar with this. I need to clarify this as otherwise there might be confusion as to the type of ads intended for the 2 categories in BIZHUB: Looking for Distributors or Consignee Looking for Suppliers or Consignor Hope this is clearer. Please all, do not get overly worked up over the semantics. It can be a bit confusing, but I am sure no ill intention was intended by any party. We are all trying to help   Regards |
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17-03-2009, 12:48 AM
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#24 | |
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Senior Member
Join Date: Feb 2009
Location: The little Red Dot
Posts: 54
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Re: About consignments
Quote:
 i'll try to search for more info online so that i can understand more about this area... |
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14-04-2009, 04:08 PM
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#25 |
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Junior Member
Join Date: Apr 2009
Location: Bukit Timah
Posts: 8
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Re: About consignments
Wow thanks for letting me know, I had no idea the terms are so much more favourable to the consignee.
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14-04-2009, 05:50 PM
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#26 |
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Senior Member
Join Date: May 2007
Location: Pasir Ris
Posts: 99
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Re: About consignments
I thought the industry practice is 60:40. Are there shops that will take wholesale lot, not consignment. I feel that consignment is really not fair to the consignor as they have to invest huge amount of money & time to market the brand, but returns are lesser than consignee. Or am I doing my sums wrong?
I am in the process of seeking for shops to take my goods, but feel that 40% to consignee is really high. We as consignor have no negotiating power  |
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15-04-2009, 01:18 AM
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#27 |
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Senior Member
Join Date: Jan 2009
Location: Ghim Moh Rd
Posts: 89
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Re: About consignments
Consignments have win-win situations for both parties although the consignors will have to sell to the consignees at a fraction of the retail prices. It's good for them as more people will get to know about the products they bring in.
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01-05-2009, 12:31 PM
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#28 |
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Junior Member
Join Date: Nov 2008
Location: East Coast
Posts: 1
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Re: About consignments
Hi,
Yes I think Earthlyscents is right both is win-win situation. Because the consignor will have to fork out lump sum of money to buy or manufacture the stocks on the other hand the consignee dont have to have the money to have stocks but duty is to sell and get profit from it... something like that lah... and 30% to consignee and 70% to consignor is the usual rate going around as far as I know... |
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19-10-2009, 12:43 PM
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#29 |
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Senior Member
Join Date: Mar 2009
Location: Singapore
Posts: 64
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Re: About consignments
Is it normal to ask for security deposit if someone is interested in taking your items on consignment?
I am afraid that he/she might run away with me stuffs.. pushcart & shops not so but if running a bazaar.. I am not so sure... |
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19-10-2009, 01:28 PM
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#30 | |
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Senior Member
Join Date: Jun 2009
Location: Town
Posts: 33
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Re: About consignments
Quote:
Previous someone also asked me a deposit but I don't. Still the person gave in. |
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