The Consignment Process: Practical Steps for Businesses

You’ve got a product you believe in, and you’re staring down the cost of shelf space, marketing, and inventory just to get it in front of customers. That’s the tension every ambitious business owner runs into eventually: You know the product will sell, but you don’t want to sink cash into a storefront before you’ve proven it. The consignment process solves exactly that problem — it lets you place your goods in someone else’s store and only pay (or get paid) once something sells. This guide walks through what consignment is, why small businesses and startups use it, and the practical steps to run the consignment process well. We’ll also cover the terms you need in writing before you hand over a single…