Consignment 101

What is Consignment at altr?

Consignment makes selling your quality items easy by leveraging our retail space and customer base to drive faster sales.

Consignment: A business arrangement where a seller (consignor: you) entrusts goods to another party (consignee: altr) to sell on their behalf.
Consignor (you): The seller who provides goods to the consignee for sale.
Consignee (altr): The seller who receives goods from the consignor and sells them on their behalf.
Commission: The fee charged by the consignee for selling the consignor's goods. The fee is an agreed upon percentage of the sale price.
Ownership: The consignor (you) retains ownership of the goods until they are sold.

How Consignment Works

Select Items: Pick out items in excellent condition that you want to sell.
Contact us: Submit form to Become a Consignor.
Approval: The shop reviews and approves your items.
Agreement: Vendor/Consignor (you) sign a consignment agreement detailing terms like commission rates and pricing.
Drop Off: Bring your approved items to the shop.
Display: The shop displays your items attractively to customers.
Sale: When your item sells, the shop processes the sale.
Commission: The shop takes a commission from the sale price.
Payment: You receive the remaining amount after the commission is deducted.
Price Reductions: If an item doesn’t sell by the agreed date, the shop will reduce its price by the discount agreed upon.
Unsold Items: If an item doesn’t sell by the end of the consignment period, you will be required to retrieve it by a specified date or it will become property of the shop.

Benefits of Consignment

Hassle-Free Selling: The shop handles inquiries, display, marketing, and sales.
Tangible Shopping Experience: Find quality, brand-name items at discounted prices.
Quality Assurance: We aim for items in excellent condition.
Quick Turnover: Items sell quickly due to reasonable pricing and customer base.