Consignment is the process of selling items through a third party taking a commission. Consigning puts more money in your pocket than other options, takes less time, and gives you control.
Benefits of consigning:
- Extra cash from unneeded items
- Easy decluttering without organizing sales
- Effortless inventory management
Fees and Arrangements
Depending on the item, the seller may pay 25% to 60% of the sales price as a consignment fee. Arrangements typically last a set period. Shops make money from fees, markups, and services.
Consignment market is heating up so now’s a great time, especially for fashion. Shops may focus on specific items or sell a variety, like clothes, furniture, toys, or equipment. Yes, consigning can be very profitable.
Profitability Insights
How profitable is consignment?
- Consignment can be very profitable due to growing demand.
- Profitability depends on negotiating good terms with consignors.