Setting Up Shop—and Setting Prices

Setting up a consignment business is as simple as establishing a selling procedure, writing up a contract, and then going out and finding clients. And, as you can imagine, it’s the finding clients bit that’s most difficult.

Create a Consignment Contract

All legitimate consignment resellers should create a contract for their clients to sign. This contract spells out exactly what it is you are and are not responsible for, and clarifies your legal position in terms of ownership of the product.