I was wondering if you did consignment of your jewelry when you
first started? And if you did, how long did it take for you to get
to the point where you did not need to do consignment?
I have never done any consignment...ever. I sold at retail shows for
4 years, then decided that I might try wholesale. Prior to doing
wholesale, I attended a wholesale show and talked to other
jewelers....some 14 years ago.
I realized that consignment would just end up pissing me off. I
would have to track where everything was, who had it, what they had,
how much of it they had for how long etc...Then I would risk default
on payment, trickle in payment, checking to make sure each store was
paying, and paying attention to how long they had the work. To say
nothing of breakage, tarnish and wear and tear.
So much extra work, when I could just make it, sell it and be more
or less done with it...Oh..I do offer exchanges for paid items, after
three months and within one year. No exchanges on exchanges though.
I am single, no other hands, and no desire for employees, (tried it
twice...ptui!). Consignment was always too much extra organization
and paperwork for my taste...and all so I could decotate some gallery
who hadn't figured out what their market was.(and I don't blame
them...more power to them if we are silly enough to do consignment).
Oh..and in case you are wondering, three out of my first four
(retail) shows I sold nothing....bupkus. I quickly learned to find my
market, and make better work. Starvation is a great motivator for
Lisa, (Rumple-slugskin is my name!)Topanga, CA USA