Thinking about consignment?
October 23, 2010
If you’ve been making jewelry for any length of time, you’ve probably thought about selling it. There are a lot of different ways to make your hobby pay for itself (or develop your hobby into a full-time business!), including consigning your work in a gift shop, boutique or beauty salon. Here are a few tips that I’ve found have helped me when I’ve decided to consign work.
Agree with the shop owner on what the consignment fee will be BEFORE leaving your work in the shop. Most places I have worked with charge a percentage when a piece sells, but some will ask for a flat monthly fee or other arrangement.
Make a list (inventory) of the pieces you are consigning. A couple of easy ways to do this are handwritten lists, a list on your computer (Excel or Word work well for software), or even a photo of the pieces being consigned. Make sure your list includes a brief description, item number (which should correspond to a tag on the piece), and the item price. Leave a copy of the list with the shop owner or manager.
Talk to the owner/manager about how you will be paid. You should know up front if you will receive a check in the mail, have a deposit made to your Paypal account, if you will need to pick up a check, etc., I also like to know when the owner makes payment – once a month, once a quarter, on the 15th, etc.,
Know up front what the expectations are regarding displays – if you are expected to provide displays, make sure you inventory them like you do your jewelry. I have not had it happen to me, but I have heard horror stories about displays and packaging materials that have been used for someone else’s jewelry…so make sure you know what you are leaving behind and how it will be used.
Have fun with the consignment – chances are, you and the shop owner/manager will develop a good relationship…after all, you both have the same goal – sell your wonderful jewelry!!