Consignment

Consignment is a type of sale where a seller consigns items to a third party, known as a consigner. The consigner then sells the items on behalf of the seller, but only for a commission.

Here are the key points about consignment:

• Seller does not own the items: The seller does not own the items being sold, and is not responsible for their condition.
• Consigner sells the items: The consigner is responsible for selling the items on behalf of the seller.
• Consigner earns a commission: The consigner earns a commission on each item sold. The commission rate is usually between 10% and 20%.
• Seller receives payment: The seller receives payment directly from the consigner.
• Consignment can be used for a variety of items: Consignment can be used to sell a variety of items, including clothes, furniture, electronics, and antique items.
• Consignment can be used for a variety of reasons: Consignment can be used for a variety of reasons, including decluttering, estate sales, and raising money.

Here are some examples of consignment:

• You sell a car to a consignment shop. The shop then sells the car on your behalf.
• You donate items to a consignment shop. The shop sells the items on your behalf and you receive a commission on each item sold.
• You sell items through an online consignment store. The store handles all of the logistics of selling the items and you receive a commission on each item sold.

Consignment can be a good way to sell items without having to go through the trouble of finding a buyer yourself. It can also be a good way to declutter your home and raise money.