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When dropping off your merchandise at a consignment service, it's important to have the receiver sign for the items. Not only does this serve as proof that they have your goods, it also acts as a record that details the amount of product they have and the date they took delivery.
Before you hand over your merchandise for consignment, it's important to ensure that they're priced correctly. While the returns from overpricing may look good on paper, the truth is, you will not get a good return because buyers will be loathe to purchase your products.
One important element of a consignment service is trust. With goods being handed over to someone without advance payment, it's vital that the owner be able to feel secure that the consignee won't run off with the merchandise.
As an entrepreneur, your ultimate goal is to move as much product as you can in the shortest amount of time. However, this can be quite a challenge if you're doing it alone, so you should get qualified help which can come in the form of a consignment service.
While you shouldn't call your consignment every day for updates, getting a report from them every week that details all transactions is something that's reasonable. Knowing their performance allows you to make a decision whether to retain their services or move your business somewhere else.
