[Jewelry making - Article 00709] - Re: [Orchid] Best way to handle consignment

[James Binnion]

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    The best way to handle consignment is not to do it :-) 

    In the majority of consignment relationships the store gets all the
    benifit and the artist gets very little. You must make the work and
    incur all the expenses of that in materials, time and overhead cost
    and then "loan" that value to the store without any compensation for
    the loan. It is a good way to make nothing on your work. 

    Think about this if you make 5% net (which is not an unusual final
    net profit for a business) and you have work out on consignment for a
    year you could have made more on your money by putting it in a money
    market account for that year. 

    And we will not even think about the equation if you bought any of
    your materials via a credit card and are caring that amount as a
    balance. 

    Make work that sells and let the banks be in the loan business. 

Jim

James Binnion
jbin AT mokume-gane.com
James Binnion Metal Arts
http://www.mokume-gane.com
360-756-6550
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