Originally Posted by Quiltgranny
Originally Posted by PatriceJ
if it's on consignment, and they get a percentage, then the higher the price they get for it, the more you make, too.
maybe, after having time to look at it more closely or after hearing some comments from customers cruising the store, they decided it was worth more than the original estimate. that could be a good thing.
That didn't work with a previous item I sold there. I wanted 'x', they sold it for double 'x', which was 100% commission. They felt I got what I wanted out of it... Obviously, they got a LOT more than the stated commission. I'm still a bit annoyed about that deal.
i would take my quilt back over something like that. they took advantage of you and your lack of knowledge in this area of business.
consignment is done on %s of the whole - no matter what the whole is.
you give the store a floor price meaning you will not under any circumstance except less than X dollar value. this allows them the ability to lower the sales price if a customer starts to negotiate in the store.
the ceiling on a project is sky's the limit since everyone is willing to take more and no one in a store negotiates up they only need room to go down without having the sale walk out the door because they couldn't reach you by phone.
negotiating %s with the store is always a challenge because they think they bring so much to the table but you have to understand the value of your time, your work, and the fact that they have an inventory of product to sell without investing 1 penny of capital.
this means you always make more than the store if they don't agree you don't give them you work - they need you far more than you need them. the owner doesn't have the time to make quilts to sell she's too busy running the store and teaching, she doesn't have tons of capital to invest in buying quilting to sell and thats what you need to understand.
its far easier for you to sell a quilt on your own without this store then for her to get artists willing to give them product to move without any financial investment and taking the smallest piece of the pie.