• Consignment is an agreement where goods are left to a third party for sale.
  • The party that sells the goods on consignment receives a portion of the profit either as a flat rate or as a commission.
  • Selling through a consignment arrangement can be a way to sell goods or services with low commission and minimal time investment.
  • Items commonly sold in bulk include clothing, sports equipment, furniture, musical instruments, art and jewelry.
  • Most thrift stores and online stores offer terms, but some are willing to negotiate.
  • Consignment is a good workaround if you don’t have a physical store or online marketplace to sell your wares.