Consignment
Candlefocus EditorConsignment is an attractive option for both sellers looking to get rid of unwanted items or any other wares, and shoppers looking to get great deals on items. To sell items via consignment, the seller leaves items with the third party to promote or sell on their behalf. The seller may also negotiate terms on how much commission or fee the consigner will receive or how the consigner may go about marketing the items or services. As long as you are agreeable with the terms, it is possible to earn significant profits from consignment.
The items typically found in a consignment store or online dealer vary widely and includes clothing, athletic equipment, furniture, musical instruments, art, and jewelry. For example, with the global expansion of online marketplaces, items such as clothing and vintage pieces have been highly sought after, so much so that there are now entire websites dedicated to consignment items.
For sellers, consignment is low on investment but may require a degree of patience as it takes time for items to get discovered and purchased. As for consigners, there is generally no cost involved as the seller usually covers the cost of promoting or selling the product. The only cost associated with consignment is usually a commission for the consigner's services which is usually deducted from the sale price.
Consignment is a great way for both buyers and sellers to benefit from a convenient, low-commission, low-time-involvement transaction. For sellers, consignment offers the opportunity to make additional profits on items they may no longer need. This can be an especially attractive option if they do not have a physical store or online marketplace in which to sell such wares. With more convenient online selling options such as Amazon, Ebay, and Etsy, selling items via consignment could prove to be a viable way to get the best deal out of the items or services being consigned.