I was supposed to write an interesting note to you on sustainable living yesterday. I'm sorry but the ideas just did not come. Probably because I'm operating on no sleep and have way too much going on this week. So, in lieu of that, and in keeping with Obama's, sorry President Obama, messaging, I am going to go back to basics.
Now most of you will already know most of this stuff but surprisingly, as I learned this week, an number of you either overlook it or just aren't quite sure what to do.
Consigning your merchandise is going to be a reality for the next few years. Retailers are going to be hard pressed to take risks on new designers and they are looking for ways to lower their overhead. Just refusing to do any consignment is going to be a very hard path to take. Consignment can actually be a very good deal for both designer and retailer PROVIDED that all your i’s are dotted and t’s crossed.
Here are some tips and things that you absolutely must do when consigning your merchandise…
1. Do your homework. Here are some things to look for or questions to ask.
Is the store the right fit visually and conceptually for you and your merchandise?
Does the store owner welcome you to come by and freshen up your work and merchandising whenever you want?
How is the product accounted for on the retailers end? Is it logged into a computer or hand written in a notebook – this can tell a lot about the organizational qualities of the owner.
What happens in case of theft? Or damage?
Would the owner be open to special events or trunk shows?
2. If you’re uncertain trust your gut. Ask for a reference – maybe another designer who consigns at the store but if it feel's wrong it probably is. Just try eleswhere.
3. Always fill out a contract when leaving your merchandise that stipulates the agreement you make regarding commission, how and when you will be paid, and how many items you will be leaving. This should be signed by both parties and each should have a copy.
4. Bring an inventory list with you if you know exactly what you will be leaving. BUT this should not replace a signed contract.
5. Go through each piece together checking for any damage so each accepts that what is left is in mint condition – much like what you do when you rent a car.
6. Check in…as often as you can. Make sure your work is being displaying in a way that does it justice and makes you proud. If you are unhappy … don’t be afraid to pull it out and try a different store!
Bottom line is be proactive and engaged in the process. Just dumping your stuff off often does not bode well for a quality relationship between you and the retailer. AND if anything does happen you don't have documentation or recourse. So, basically it’s common sense but sometimes it helps to get a little reminder of the basics. Consignment is not inherently troublesome if you manage it well!