How to Open a Consignment Business

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By Willa
eHow Contributing Writer

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(1 Ratings)

Offer an affordable shopping experience to the customer's wants and needs. Whether it is selling children's clothing, furniture or baby items, a clean and neat display is essential. Antiques and collectibles should be spotless and have a showcase appearance. Specialty items, such as bridal, plus size women's fashion and vintage apparel should be displayed as in a department store. A successful consignment store business will be a bargain for the customer, profitable for the client who provides the inventory and a successful business for you.

Difficulty: Moderately Challenging

Instructions

Things You'll Need:

Retail space
Clients
Inventory
Fixtures

Step 1

Decide on the location of your consignment business. A location in the better part of town will allow more exposure and the need for less advertising expenses.
Step 2

Target the needs and the wants of the potential customers. Offer items such as antiques and collectibles in a retirement community or a children's clothing consignment store where there are young families.
Step 3

Focus on making a profit. Lease booths to clients and collect a percentage of their sales to allow for a greater profit margin.
Step 4

Invest wisely by considering an affordable facility that will not only have an inviting appearance, but appeal to the clientele.
Step 5

Present and preserve integrity and honesty to build repeat business with the customers.