The #EtsyStrike begins today July 16, 2018. Who is responsible for lost/damaged/stolen/worn items??
Between the lost time, the cost of the pizza, and the miniscule cash back, I … these shops were committed to moving the product – hence why consignment with them was successful.
SimpleConsign reserves the right to discontinue service if an additional terminal is used in lieu of another location. I do 70/30 as well, and have often pondered putting the rate up. You could even “fence” it off either with actual cute picket fencing or simply with a short “wall” of for-sale goods like dressers, armoires, etc. How to determine what I should buy wholesale and what to accept on consignment.
However we are getting there and a day off looks iminent. I focus my energies on direct sales. Can you even do anything?? This reminded me to dust of my manual as I’m coming up on our 10th anniversary. The only way to thrive in any business is to make sure that all parties to a transaction: buyer, seller, consignor, donor, staff members, that lady in the corner petting her Peke… get what they want at the price they want to pay. Continuing on…… Make certain your contract is very detailed about everything and don’t be shy about suggesting things to add in it. I don’t know if the store will press charges since they are out nothing. She said she was opening a consignment store and would love to have my items in there.
@Mika, that sounds like traditional retail with terms to me.
In retail, the public is your boss.
The riskiest retail thing in the world you can do is sign a lease, if you do not … The owner is professional and always pays her accounts on time.
Things work out when you change.
I did get everything back and apid for the items they lost. So I’m not sure how pervasive this is in the industry, but for the protection of both parties, GET IT IN WRITING. Hopefully I can sell it someday and the next owner will continue to reap the benefits of all the work I’ve put over these years. Heck, I would have loved to just not open my shop that day AT ALL!! For your employees, make sure you have a clear employee manual.
The riskiest retail thing in the world you can do is sign a lease, if you do not have every single cent in the bank ready to be given to the landlord is necessary.
I have a question – I have wholesaled a few items to a shop and she has since received multiple inquiries for custom work. Without fail. Lesson learned! If a shop owner is excited about your work they should be willing to purchase it…Maybe start with a few items of a new product to see how it sells but artisans have to make money and even waiting 30 days to be paid can be problematic.
Same as with anything else that seems out of order, follow your gut. i also had to chase down shop owners for my checks. I have had some bad experiences consigning things I made with stores but most have been great, it really is up to the artist or crafter to be responsible.
Tell your consignors when they will get paid (typically at the end of the month) and how (cash, check, store credit). Consignment can give a small handmade shop a better chance of start up since they don’t have to put all of their money in purchasing wholesale up front. As the merchant, you get the opportunity, between customers, to work on arranging and prettifying the for-sale items, or digging into those bags and boxes of incoming to select what’s saleable and ditch the remainder. How is inventory controlled? We do have a few stores but it’s somehow not enough. Glad to have winter almost behind us it’s been a snowy one in Guelph Ontario. Read How to tweak your consignment acceptance policy. Oh yeh. If you are just starting out put some time into your presentation, get a good booth together and go to a wholesale craft and gift show or maybe your local farmers market to test the waters.
I’ve been selling wholesale for the last year and it’s going very well! Sometimes they will ‘settle up’ without going to court. I am happy to say that the business relationship has worked out well. You require separate reporting for inventory or sales management. What should I do?
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Consignment can be a blessing or a curse to producers.
You stock, display and set up your space as you like it. Most are looking for a small retail presence to compliment their direct sales rather than to become completely focused on wholesale. I most likely won’t as I do not want to ruin good relationships with the crafters, but it crosses my mind every month when I write those cheques.
ME!”? Nothing wrong with the shop, just probably not the right demographic.
I know there are a lot of businesses that have a bad reputation for not paying on time etc etc, but A- it is the responsibility of the crafter to research their reputation etc, and B- a lot goes down to experience and learning sometimes the hard way. While I have sold both consignment and wholesale over the years, in addition to craft fairs, online, etc., it’s highly unlikely that I will ever sell on consignment again; I’ve had too many bad experiences, and even lost what I thought was a good friend because she opened a shop and when times got tough, I was one of the last consignors to get paid. Is it professional to come up with and print out an agreement/contract from home using Word??
Lacking full business knowledge. I guess that’s how I feel… I want every single person who dreams of a consignment, resale or thrift business to succeed at it!
Look for businesses that will draw foot traffic. As a boutique, I have a consignment contract which outlines expectations regarding exclusivity & restocking of merchandise (by the artist) as well as reporting, inventory and payment (by me.)
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