Consignment Policy for Vintage Toy Store:
1. Consignment Agreement: All consignors must sign a consignment agreement that outlines the terms and conditions of the consignment arrangement. This agreement includes details such as the commission rate (50/50, 60/40), consignment period (90 days), pricing (fixed/variable), and payment terms.
2. Consignment Process: Consignors can send pictures of their vintage toys to the store for evaluation. The store will assess the condition and market value of the items and determine if they are suitable for consignment. Once approved, the items will be displayed in the online vintage toy store for sale.
3. Commission Rate: Bauersachs’ Timeless Toys will charge a commission on the sale of consigned items. (50% for fixed prices, 40% for variable prices) The commission rate is clearly stated in the consignment agreement and agreed upon by both parties. The commission rate can vary depending on the value and demand for the items.
4. Consignment Period: The consignment period should be clearly defined in the consignment agreement (60-90 days). Typically, consigned items are displayed for a set period of time, after which they may be returned to the consignor or put on sale at a discounted price.
5. Pricing: The store will work with the consignor to determine the pricing of the items. Pricing should be based on the market value of the items, taking into account factors such as rarity, condition, and demand. Seller makes final decision on asking price.
6. Payment Terms: Consignors will receive payment for sold items after the consignment period has ended. Payments can be made via check, cash, or electronic transfer, as agreed upon in the consignment agreement.
7. Finders Fee Policy: The store may offer a finders fee to customers who refer valuable vintage toys for consignment. The finders fee can be a percentage of the final sale price or a flat fee, as agreed upon by both parties.
8. Sales Assistance: The store will provide sales assistance to consignors by promoting their items through various marketing channels, such as social media (Facebook, Instagram, Pinterest) and online marketplaces.