[Jewelry making - Article 01352] - Re: [Orchid] Approaching stores and consignment contracts?

[Leah]

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>         Anyway.. having done the wholesale trade show route,
>     consignment doesn't work for me because I can sell my items for
>     wholesale at 50/50 and I'm paid for the merchandise upon shipment
>     (sometimes terms).  If I can sell my designs outright at my
>     wholesale cost and get paid upfront, what incentive is there for me
>     to take the risk of sending thousands of dollars in merchandise out
>     on consignment and waiting months for the same amount of money I
>     can get selling outright wholesale? 

    I don't have a lot of experience with either, but I agree, if I
    approach a store about carrying my jewelry, I much prefer wholesale
    to consignment. 

    On the other hand, I spend lots of time in my studio, and only do a
    couple of open studio shows a year, and I will say that I'd prefer
    consignment to having inventory sit in my studio unsold. While I do
    sell some jewelry on a fairly regular basis to coworkers, friends,
    and through word of mouth, it isn't enough to keep me earning a
    profit in the months that I don't have a show, so I've started
    looking for both wholesale and consignment venues. I imagine that at
    a certain point, the negatives for selling on consignment will
    outweigh the positives, but if jewelry is going to sit in my studio
    for the next few months, I'd rather have it sit in a shop where
    someone might buy it. I could always pull the merchandise if I
    needed more inventory for a show... 

Leah
www.michondesign.com
leah AT michondesign.com

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