Consignment Related Questions

Sinergy · 30-06-2009, 12:58 PM

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!!

ultimateworker · 30-06-2009, 07:25 PM

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

Sinergy · 30-06-2009, 09:32 PM

Thanks for the information!

Is there any form of contract i have to prepare?

walux8 · 03-07-2009, 01:13 PM

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

noeclue · 03-07-2009, 01:45 PM

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

KittyMi · 03-07-2009, 03:51 PM

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 people may overlook, do check with the store who will bare the cost of your goods are stolen.

30-06-2009, 12:58 PM	#1
Sinergy Junior Member Join Date: Jun 2009 Location: East Posts: 7 My Reputation: Points: 10/ Rep Power: 0	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!!

30-06-2009, 07:25 PM	#2
ultimateworker Senior Member Join Date: Apr 2007 Location: Singapore Posts: 56 My Reputation: Points: 10/ Rep Power: 18	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

30-06-2009, 09:32 PM	#3
Sinergy Junior Member Join Date: Jun 2009 Location: East Posts: 7 My Reputation: Points: 10/ Rep Power: 0	Re: Consignment Related Questions Thanks for the information! Is there any form of contract i have to prepare?

03-07-2009, 01:13 PM	#4
walux8 Member Join Date: May 2009 Location: Orchard Posts: 19 My Reputation: Points: 10/ Rep Power: 0	Re: Consignment Related Questions How soon will we be able to get the money for the stuffs we sold?

03-07-2009, 01:45 PM	#5
noeclue Senior Member Join Date: May 2008 Location: Australia/Singapore Posts: 193 My Reputation: Points: 10/ Rep Power: 17	Re: Consignment Related Questions Normally, NET14-30 days. However, big companies may do NET60-90 days.

03-07-2009, 03:51 PM	#6
KittyMi Senior Member Join Date: May 2007 Location: Pasir Ris Posts: 99 My Reputation: Points: 10/ Rep Power: 18	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 people may overlook, do check with the store who will bare the cost of your goods are stolen.

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