How To Set Consignment Prices

New Pricing Guide for Consignment, Resale, and Thrift Items

Now you and your employees can easily describe new and used items and press one button for suggested prices. Try it for free for 7 days. Get the Free Demo!

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Design Your Pricing Guide!

Check the following options to describe your merchandise and press the Send Button to submit your suggestions.

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Pricing Strategy Guide
How to Determine Best Consignment Prices

These are the procedures followed by one experienced shop owner:

Identifying Items to Be Donated

When items are brought into the shop, consignors tell us if they want to donate or not. I explain the options to them in detail, and they choose.

Consignor Agreement and Acknowledgment

The Consignment Agreement can have two options: Donate or Pick Up.

We have an intake form with options to circle size, color, and types of items – so it is a quick write-up. Once completed, we enter the items into our Best Consignment Software database.

Printing Donate Tags

If the items are to be donated, change the tag color to green (or another designation) in the software program under Configure Bar-Code Appearance. Non-donated items can use any other label color.

Enter the items into the program database, print the labels, and attach them to the items. Now, it's clear which items are for donation.

Tracking Item Status

Each consignor has a postcard-sized card with their name, date, and donation initials. This card tracks each item through to its placement on racks and is filed by end dates.

• In date
• End date
• Starting number (_)
• Do they donate? Yes/No
• Were there any NTYs? Yes/No
• Were any items stored for the next season? Yes/No

Notification of Donation

Consider sending a postcard or letter notifying consignors that their end date has been reached, providing a final opportunity to pick up unsold items before donation.

This process is efficient and ensures clarity about item statuses without manually checking tags.