Natural Beauty & Lifestyle Brands: Consignment Do’s & Don’ts

I have to admit this to you. Over the last few days, I’ve been doing all kinds of internet “show me a signal bar” dances. Working from the remote, deep woods of Oregon this week has brought its challenges. So, being here with you today is definitely my big WIN for the week! Running a business can sure take us for a RIDE (up, down, sideways, backwards). We’ve got to count more of things that go right than go wrong. So, let me ask you this, what’s YOUR big win of the week?

Something that definitely counts as a big win is getting your product line into another shop. Or getting it into your first retailer! Do a little dance. But what if it’s on consignment terms? If you are a young brand or are bringing a completely new concept to the market, it’s very likely that a retailer will ask to carry you on consignment. Unfortunately, if not managed well from the start, this type of arrangement can leave a brand feeling anxious and uncertain about their fate.

I don’t want you to land in limbo! In today’s quick tip video, I walk you through the top consignment Do’s and Don’ts. After watching this, you’ll have the ‘know how’ that’ll give you the best chance of having a win-win situation from the start and a shot at transitioning into a ‘paid up front’ wholesale arrangement.

I hope this video is helpful to you! Let me know what you thought about it by leaving a comment. And as always, if you know someone that would gain a lot from watching this, please share!

Don’t miss out on the next small business master classes- they are completely FREE and are delivered straight to your inbox. If you aren’t already subscribed, learn more & sign up here >>>

Make it a gorgeous week!

Mia

 

Advertisements