Consignment

[SaraScribbles]

Hey All,

So we had a HORRIBLE craft fair this past weekend, (two day show, was told that it would be a big one and that there would be "20 new vendors"...what a load of ****; there were 18 vendors total and none of us made much at all:mad:).

Although, I did have someone come up and ask if I would be interested in putting my candles and bath & body in her new shop. UHH, duh, yes!

So I stopped to talk to her after the fair and she told me that she would take 30% of the sale price. Her husband was working on a new shelving unit for my stuff and I'm supposed to drop it off with her tomorrow.

So my question for you consignment geniuses is...is 30% normal and is there anything else I need to watch out for?

TIA,

Sara

[Georgia]

A lot of stuff - you need a contract and some details...search this forum for consignment and you will find 26 threads with all kinds of info.

sorry your show sucked

[Trish]

As Georgia said...absolutely, without a doubt, get everything in writing...

There's a sample consignment form here:

http://www.candlebusinesscorner.com/forms/consignagree.htm

You can use that as a guideline for your own, but make sure that percentage is clear, that the store is responsible for the sales tax (if applicable), who's responsible for damaged goods (ie: a customer breaks your candle, etc), who's responsible for ordering (whether they call when they need more items or if you will be checking on stock and refilling, etc), your turn-around time for product replacement, etc, etc, etc.

Good luck!!

[Beth-VT]

I only do one consignment (I much prefer wholesale) but it is 30% as well. That seems to be the general ballpark, although there's some that want more or less.

I've managed to get my costs pretty low, so I get 3 (sometimes 4) x's my cost for wholesale. I figure consignment should give me a bit more since it's more of a hassle.....as long as the 30% fits in that category it's OK by me.

Ditto on the contract thing. Make sure it covers pricing (if you have a min/max sugg. retail), payment schedules, your %, tax issues, etc. In VT, make sure you have them fill out an S3 form for your records, they will collect and report the sales tax. HTH.

[SaraScribbles]

Hey there,

Thanks for the advice. She's drawing up a contract tonight and I'll check it out tomorrow when I go. The rest of it I think I have answers to, but will get it all in writing tomorrow.

Beth ~ thanks for the heads up on the S3 form. I had never heard of it, and this is my first consignment thing. (I prefer wholesale too; don't have my candles anywhere, but someone has my candy and fudge in her shop--it's much easier!).

Thanks again for all the words of wisdom!

Sara