Posted: 4:44 p.m. Monday, Feb. 10, 2014
CHARLOTTE, N.C. —
If you are a seller placing items for sale with a consignment shop, the BBB has these tips for you:
1) Get the sales agreement in writing which details how much you will be paid and when you will be paid.
2) Understand how your items will be priced and how they will be discounted. (example - 1st week - sold at full price, 2nd week: 10 percent off, 3rd week: 25 percent off, 4th week: 50 percent off, etc.)
3) Photograph the items that you will be selling on consignment so that you have documentation of the condition that your items are in.
4) Ask for documentation of your items when they are sold so that you can reconcile your books with payments received.
5) If you are selling expensive items, such as antiques, you should consider getting an independent appraisal before you place them for sale through a consignment shop.
6) Understand when you have to pick up your items if they do not sell.
7) Find out what happens if any of your items are stolen by shoplifters or damaged while for sale in the consignment shop.
8) Check the consignment shop out at www.bbb.org.