Consignment Related Questions
 

Hi,

I am interested in having my goods consigned to different shops, but i have no experience and would love to hear from anyone who has any experience at all.

Would like to find out:

1) The average or estimated % the retailer takes a cut
2) How to go about with consignment
3) Any other useful info

Thanks in advance!! :)

Re: Consignment Related Questions
 

1. 35% - 40% of selling price
2. For every delivery of goods, prepare a consignment note for them to sign
3. Call them at regular intervals to check how yr stuff is moving
try to get permission to do some marketing, eg. Putting up a poster

Re: Consignment Related Questions
 

Thanks for the information! :thanx:

Is there any form of contract i have to prepare?

Re: Consignment Related Questions
 

How soon will we be able to get the money for the stuffs we sold?

Re: Consignment Related Questions
 

Normally, NET14-30 days. However, big companies may do NET60-90 days.

Re: Consignment Related Questions
 

Better to have all agreed terms on black and white for them to signed and keep a copy for yourself. Otherwise, when new stuff takes over, the new stuff may act blur like what happen to one of my friend. My friend didn't have a signed agreement, and the new stuff refuse to honour what was agreed before.

1 more thing to note which most ppl may overlook, do check with the store who will bare the cost of your goods are stolen.

Re: Consignment Related Questions
 

Dont forget to put statement that they have to display your products within x number of days after you have given them the items.