Livingforce
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How to place arts and crafts for consignment?

Hi Everyone,
I need some advice please.
I am about to place my jewelry for consignment to few shops, however I don't know how to do that. What documents should be signed between me and owner?
Do you have such experience?

Any advice is much appreciated.

Natalya
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Former_Member
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Re: How to place arts and crafts for consignment?

Usually, the store owner will have a contract that outlines their policies, commissions, etc. that you have to sign. Some things you should look for:

Commission fee: Most places charge a commission percentage, the standard here is 30%, but I've heard everything from 10% to 50%. Whatever it is, make sure you're including it in the overhead for your pieces so you're not losing money and it's not too high for the area.

Protection: Some places will insure your pieces against loss (breakage, theft, flooding, etc) and some won't. Find out for sure and what's covered. There's no real excuse not be covered for fire and flood (their insurance company should reimburse them, and they should reimburse you), but theft and breakage aren't always, at least if your piece is the only thing stolen or broken. It's up to you how important this is, but if they don't insure your pieces, ask about theft rates.

Inventory list and tagging: It's a really good idea to have an up-to-date inventory list, with good descriptions and prices, that you both sign. That way, if someone purchases your item, you have a record of it being there and the sale can't get lost in the shuffle.

It's also a good idea to have items that are yours tagged in some way (initials and an item number that corresponds to the inventory on the pricetag are quick and easy) that marks the item as yours. That means the owner can tell which items are yours at a glance and record the transaction accordingly. It's a good idea to ask for these markers back when you get your money so you can reconcile the records yourself. Most shop owners are honest, but mistakes do happen.
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Livingforce
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Re: How to place arts and crafts for consignment?

Sasha, thank you so much for your answer. Very useful information!
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Livingforce
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Re: How to place arts and crafts for consignment?

Do you know what % of the insurance coverage should be in case of theft, loss or damage?
The owner of the store I am dealing with told me that her insurance company is covering only 65%.
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Former_Member
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Re: How to place arts and crafts for consignment?

If you have microsoft word you can make a document for the shop owners with pictures of the jewelry with descriptions and prices next to it. Have them sign that they have received all pieces ,keep a copy for yourself and give one to them. Request that they keep your jewelry behind glass to protect it if you are going to do consignment. Even if you have to order a couple of display cases for them(ebay $25)You don't want them to tarnish or get shoplifted...since they still belong to you. 20 to 30 % is fair for consignment. I have never paid over 25% for consignment.
If they want 50%,create a minimum they have to purchase(maybe 8) pieces and sell it to them wholesale.
Trunkshows are also a great way to make some money with boutiques.They can feature you , you just come set up with a bunch of your stuff for a while and give them 15% of sales.It's a great way for them to bring in customers,wine and cheese social or whatever,I've always had good experiences with them.It always seems to be a good thing for sales when there is wine,lol.
I think the owner covering 65% insurance is fair too btw.
Do some undercover shopping and find a good fit for you're style and price range.When you find a shop you like ,ask for a card for the manager and then call to schedule a appointment to show your jewelry. Show a variety in a couple of nice glass cases(ebay!),glass makes jewelry look fancy ;-)Hope this helps, Good luck to you!
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