Selling baits on consignment

[Fisheye48]

Anyone have any experience with selling their baits in tackle shops on consignment? The store owner approached me and asked if i wanted to sell some of my stuff on consignment in his store. Told me to bring him some samples to look at and we could go from there.

[Bass-Boys]

I have done it . I only offered it to stores that told me they were not interested in my products. I did not offer it up front , only after they did not want to buy . It worked out well in the 2 stores I had . They were close to other stores that paid up front so when I went there I was not driving far with out getting paid .

[alsworms]

5 hours ago, Bass-Boys said:

I have done it . I only offered it to stores that told me they were not interested in my products. I did not offer it up front , only after they did not want to buy . It worked out well in the 2 stores I had . They were close to other stores that paid up front so when I went there I was not driving far with out getting paid .

Agreed.  Only local stores.  Worked out okay for me as well. 

[Driftwood]

The only problem is the owner has no vested interest in your product so they will try to sell what they have paid for before selling your product. If you can get a high visibility location in the store, you will be better off. Also, if the store closed abruptly, you are out your product if you can't get in to remove it. We never put product on consignment just for those reasons. We lost 38 stores during the recession but were paid for the product so no monetary loss. Just my .02.

[Uncle Arnies Tackle]

Yes, as said above. Points on the package puts all the inventory on YOUR books (risk). 

[Slammingjack]

Consignment is a slow death. Hear that somewhere before.