Comments on: How to boost sales with consignment http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/ Fri, 03 May 2013 11:35:54 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sarah Shaw http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4279 Sarah Shaw Fri, 08 Mar 2013 04:20:56 +0000 http://theentreprenettegazette.com/?p=5333#comment-4279 Wow that is the best deal of the century. Usually stores pay you wholesale. For consignment, just make a full price invoice less 10% and give her that with the goods. When she sells an item, cross it off and have her pay you. Good luck!! Wow that is the best deal of the century. Usually stores pay you wholesale. For consignment, just make a full price invoice less 10% and give her that with the goods. When she sells an item, cross it off and have her pay you. Good luck!!

]]> By: Bethany http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4273 Bethany Thu, 07 Mar 2013 21:16:47 +0000 http://theentreprenettegazette.com/?p=5333#comment-4273 A salon I was trying to get into for the past couple of months agreed to sell my product on consignment. The owner said she'd sell it at my retail price ($135) and just take 10% when a unit sold, then cutting me a check for the units sold minus the 10%. I'm confused about how to include an invoice because in my mind I always associate an invoice with an item someone has purchased - and she hasn't purchased my product wholesale, she's selling them on consignment. How should a consignment invoice be worded differently then a regular purchase invoice? Also, is the owner's proposal for payment good or should I suggest something else? Thanks! A salon I was trying to get into for the past couple of months agreed to sell my product on consignment. The owner said she’d sell it at my retail price ($135) and just take 10% when a unit sold, then cutting me a check for the units sold minus the 10%. I’m confused about how to include an invoice because in my mind I always associate an invoice with an item someone has purchased – and she hasn’t purchased my product wholesale, she’s selling them on consignment. How should a consignment invoice be worded differently then a regular purchase invoice? Also, is the owner’s proposal for payment good or should I suggest something else? Thanks!

]]> By: Sarah Shaw http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4157 Sarah Shaw Wed, 13 Feb 2013 21:53:59 +0000 http://theentreprenettegazette.com/?p=5333#comment-4157 Great question......you need to send an invoice with the goods and follow up regularly to check in. You'll have to go with your instincts (gut) in the store quality......to avoid being taken advantage of. Great question……you need to send an invoice with the goods and follow up regularly to check in. You’ll have to go with your instincts (gut) in the store quality……to avoid being taken advantage of.

]]> By: Sarah Shaw http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4156 Sarah Shaw Wed, 13 Feb 2013 21:53:03 +0000 http://theentreprenettegazette.com/?p=5333#comment-4156 The store will make it up around 2.3% from your wholesale price. The store will make it up around 2.3% from your wholesale price.

]]> By: Sarah Shaw http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4155 Sarah Shaw Wed, 13 Feb 2013 21:52:35 +0000 http://theentreprenettegazette.com/?p=5333#comment-4155 I think it is a good balance personally.....until you don't have to do it any more :O) I think it is a good balance personally…..until you don’t have to do it any more :O)

]]> By: Sarah Shaw http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4154 Sarah Shaw Wed, 13 Feb 2013 21:52:09 +0000 http://theentreprenettegazette.com/?p=5333#comment-4154 I would say 30 days....... I would say 30 days…….

]]> By: Anna Pieta http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4144 Anna Pieta Mon, 11 Feb 2013 19:27:41 +0000 http://theentreprenettegazette.com/?p=5333#comment-4144 What is an appropriate amount of time to allow a store to have your products before you pick them up if the store is not the right fit and items are not selling? Thanks, Anna What is an appropriate amount of time to allow a store to have your products before you pick them up if the store is not the right fit and items are not selling?

Thanks,
Anna

]]> By: Bhavna Patel http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4116 Bhavna Patel Wed, 06 Feb 2013 20:48:37 +0000 http://theentreprenettegazette.com/?p=5333#comment-4116 Thank you for sharing Sarah. Some blogs say don't do consignment but I think a mix of consignment and wholesale could be a good balance. Thank you for sharing Sarah. Some blogs say don’t do consignment but I think a mix of consignment and wholesale could be a good balance.

]]> By: Nicole http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4115 Nicole Wed, 06 Feb 2013 20:44:24 +0000 http://theentreprenettegazette.com/?p=5333#comment-4115 I have a line of essential oils for dogs. I am hoping to get into small pet stores and even health food stores. What should I ask the store owner or discuss as far as how much I should make? How do you determine this-example: If I sell an item for $10, how much will the store keep? I have a line of essential oils for dogs. I am hoping to get into small pet stores and even health food stores. What should I ask the store owner or discuss as far as how much I should make? How do you determine this-example:

If I sell an item for $10, how much will the store keep?

]]> By: Bethany http://theentreprenettegazette.com/2013/02/06/how-to-boost-sales-with-consignment/comment-page-1/#comment-4110 Bethany Wed, 06 Feb 2013 14:58:42 +0000 http://theentreprenettegazette.com/?p=5333#comment-4110 I've only done consignment once with a small local retailer - not a large out of town one like Fred Segal (which I would LOVE to be in). How do you really keep accurate tabs on them at the 30-day interval? Did you send someone in to do a physical inventory? Did you follow up with them by phone? If I'm 1000 miles away, how do I avoid being taken advantage of. I’ve only done consignment once with a small local retailer – not a large out of town one like Fred Segal (which I would LOVE to be in). How do you really keep accurate tabs on them at the 30-day interval? Did you send someone in to do a physical inventory? Did you follow up with them by phone? If I’m 1000 miles away, how do I avoid being taken advantage of.

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