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Dealer Info
Dealer Information
Frequently Asked Questions About “Dealer Space”
1. What is a “dealer”?
A dealer is someone who rents space in a resale environment to sell his/her own inventory.
2. How do you get started?
If you are interested in becoming a dealer, you should contact the store owner and bring in (or send pictures) of your inventory. Inventory should be of the highest quality, clean and in working condition to be sold in the store. You will need sufficient inventory to fill your space as well as enough backup inventory to replenish items as they sell.
3. What is the cost of renting your space?
Dealer space is rented based on availability, size requested, and demand. Contact the store for the current square footage cost.
4. Is there any additional cost?
Yes, your commission split is 82/18. This means you will receive 82% commission for your sales. The remaining 18% commission goes to the store.
5. Is there a deposit required to get started?
A small deposit of one half the initial rent is required at the time your contract is signed. The contract outlines all the requirements of the business relationship between the two parties. The balance of the deposition will be due at the time you set up your space and sign the contract.
6. How are prices established in your space?
You will set your own prices for the items you bring in . Inventory pricing should be based on the cost, value and marketplace. The store owner and associates are available to assist you with pricing questions if necessary.
7. How do you get paid?
As a dealer you will be given an identification number which should be used on all your price tags. When an item sells, that ID number is used to track your sales and all commissions.
You will be paid the total commission accumulated in your account the month following the sale of all items. The required rent will be deducted from your total sales for that month, and then the balance is paid out to you after the 5th of each month. If the sales from the previous month (and any other accumulated balance) are not sufficient to cover the required rent, you must pay the balance of the rent due by the 7th of new month.
8. Do you pay taxes to the city or state on items sold?
No, all taxes will be paid by the store owner.
9. Do you need to have a “resale” license?
Most dealers have a resale license, but it is not necessary since the store is required to have a resale license.
10. How are prices negotiated for dealer inventory?
The store has the right to negotiate a price change as your representative to our buyers. All offers will be given serious consideration. If you do not want to negotiate the price of an item, that item should be marked “FIRM” on the tag.
Keep in mind the store may run unannounced “storewide” sales to generate revenue and move merchandise. These price reductions will be given careful consideration but will not require prior approval from a dealer.
11. How can I keep track of my inventory and what sells?
As a dealer you can track all account activity in the same way that a consigner does. If you have access to a computer, go to the store website (www.consignndesign.com). Click on the “Dealer Info” tab. When the new screen pops up look for the “Log Into Your Account” section. Type in your dealer number and your last name in the space provided. Then click the “Check Your Account” button. The total commission and a list of items sold will be provided. Any balance adjustments or corrections will also be noted.
NOTE – Review your Sales List to make sure the items are yours and the pricing is correct. Contact the store for more information or if you have any questions.