~Do you have to pay to be in a consignment shop?
Some shops do charge an ongoing monthly fee as well as a percentage of each sale. Some only charge a percentage of sales. Do the math; figure out how many items you have to sell to be able to pay your monthly fee if they charge one. If my net on a dinosaur bag is $15 and the shop is charging consignees $30 per month, my first two dinosaur sales each month go toward paying the fee. Basically I gave away two bags for the privilege of selling there. Are there enough sales after that to support this venue?
~Do the items you bring in have to be bagged and tagged?
It varies. The earrings I sell are hanging on a cardstock backing with tiny holes for earwires to slip in. The loaded card is then put in a small zip-top bag. Some stores require a “hang-hole” at the top of the product packaging. Other stores provided a metal jewelry rack and wanted the earrings hung there without the backing. I have found little items displayed in baggies have a bit more protection from theft due to the size and stiffness. Also, individual earrings don’t get lost as the packaging keeps pairs together. Tagging with prices was usually my job, not the store’s. Keep records of items you bring in to sell. How many, what date, the prices of each. If the store calls you to ask about pricing (maybe the price tag fell off), discounts (if they buy 3 pair…), can someone order the same item in another color? or do you have more of XX, this master inventory sheet will be necessary for your sanity :)
~How much percentage will they take from my item’s selling price?
I have experienced 20-50% consignment fees. If the store charges 20%, when I sell a $10 item, my “cut” is $8.00. Read the rest of this entry