Question abt consignment
 

Hi All,

I intend to consign my stuffs to pushcart/shop. But i don't know how can i trust them? Will they take my stuff and go away? Do i need to sign a contract OR ask them to place a deposit 1st? Pls give me your precious advice. THX!!:confused2:

Re: Question abt consignment
 

i also wish to do some consignment goods so pls update me....

Re: Question abt consignment
 

Hi ,

Of cos need some deposit or sign contract...

But u must trust others...

Re: Question abt consignment
 

hi,

what kind of goods do you have?>

regards
hiro

Re: Question abt consignment
 

i also wish to do some consignment goods so pls update me....

Re: Question abt consignment
 

hello can let me have more details. thanks ;p

Re: Question abt consignment
 

Person who u consign must get a deposit from him/her.
After items sold,your sales can deduct from the deposit.

Must get deposit to keep a safety for yourself.
A theif is beside u,u also dun knoe.Later U found out you won't lost
too much.

Deposit amount depends how much quanity u passing to the person.
Deposit amount must nearest but lesser $20/$50/100 than your total quanity
prices. Is up to u to set.

But less ppl will run away if your items are sellable,maybe he/she will change
to wholesale from u.

Me is quite trustable person,i denfinity won't run away.
But Pls dun think i consign your items i confirm will help u sold out alot.
Sometimes yes,sometimes no.
Depends the location,customers,your prices & what items u selling.

Re: Question abt consignment
 

Just curious, normally what terms do your contract include?

tks :)

Re: Question abt consignment
 

Muz include let who bare the spolit and demage cost price and both muz agree the deposit money and etc...

Think of u passing ur stuff to others what u wan them to do ?

Re: Question abt consignment
 

Preciously! Jamie, I agree with you.

For those who may yet to experience consigning, usually a contract normally protects the interest of yourself but of course the terms has to be reasonable and agreeable by both parties. Just a generic contract will do - do not complicate as though a contract from a lawyer.

What situations do you normally face if you run a shop?
Normal situations would be - Damage, dirt, broken, lost & theft etc. How do you split? Do you or the shop/cart owner bare the losses or either split equally?

For the security deposit, I doubt anyone would want to give you any money though your goods are consigned to them. Firstly, they have a shop front and you could look for them anytime you want. Similarly, they don't trust you either, what if you supply them some "unwanted goods" and you run away with the security deposit and how are they going to look for you.

Trust is essential in business. Before you work with them, talk to the boss and you should be able to sense if he/she is a genuine person based on your instincts. If you still can't base on this, you can always ask them to show you their leasing contracts with the mall to assure you when their lease is due. Alternatively, your contract can always include both business registration number or NRIC. But if your consignment value not much, a contract may be too exaggerating.