Does 60/40 mean she will get the 60??

United States
October 22, 2010 5:38am CST
I was contacted by a woman who has a booth in the flea market by my house. She said if I want her to sell some of my shirts she would do it on consignment. I have never done this before and know nothing about it. I do know she said the terms would be 60/40. The shirts are listed oon craigslist for $8.00 each. Would you let me know what you would do in this case. I will go there to meet her tomorrow.
12 responses
@stealthy (8188)
• United States
22 Oct 10
The consignmen type thing I have ever done was when I was getting divorced and I had some furniture from before the marriage that I wanted to sell. I tried a consignment furniture store and I never got a dime from them; they just got my furniture. I will never try that again.
• United States
23 Oct 10
Tht is terrible to hear and I am surely going to talk to her about when and how I get paid.
1 person likes this
@writersedge (22579)
• United States
23 Oct 10
Ask about the return policy. If the clothes are not sold after a certain amount of time, when and where do you pick them up? Most consignment agreements have terms. If they don't sell and you don't pick them up, then they go to charity here. Same with our dry cleaners', if you don't pick up you clothes, after a month, they go to charity. Same with repaired shoes. So read the terms of your contract-all of it.
@sid556 (31005)
• United States
23 Oct 10
Ah yes, I had that happen with a box of clothes. Some sold but others she took and told me that she had donated them to charity because they were out of season. she was only putting out summer clothes at the time. I had some great sweaters that she took and never told me that she was only putting out summer items. Others document everthing you have and you get a printout. Price goes down after so many weeks and we are given the option to try to sell it elsewhere or donate it.
@sid556 (31005)
• United States
22 Oct 10
Hi Gifts, Consignment is ok if it is your last resort on selling your items. This one doesn't sound like much of a deal as she will be making more on your shirts than you will. And then you have to wait for your money until she actually sells them. I'm thinking you might get a better deal if you check out the various consignment shops. Also sometimes these people are willing to work with you. It won't hurt to talk to her but also check around so that you get the best deal.
• United States
23 Oct 10
I get 60 Thanks
1 person likes this
@sid556 (31005)
• United States
23 Oct 10
Oh well that's not so bad. They are all different. I guess we were looking at it backwards. As long as you are getting enough. Make sure you know what she will be selling them for also.
@lelin1123 (15644)
• Puerto Rico
22 Oct 10
Yes she will get the 60 and its not a good deal. It should be in my opinion 50/50 or 60/50.
• United States
22 Oct 10
Thanks so much.
• United States
23 Oct 10
I talked to her and I ge 60 and she gets 40.
@whyaskq (7532)
• Singapore
22 Oct 10
I thought you will 60 and she 40? Anyway, it all depends on how the person view it. I do think the terms are always negotiable and it is better to clarify before embarking on a contractual agreement. I wish you well.
@whyaskq (7532)
• Singapore
23 Oct 10
thanks for the best response. so did you manage to get your fair share?
@peavey (16866)
• United States
22 Oct 10
I, too, think it means that she means that she would get 60%. That seems very high... you need to figure your costs and see if it would be worth it. At 60%, she would be taking $4.80 out of each sale. Can you make the shirts for $3.20 and make any money from them?
• United States
22 Oct 10
I bought these shirts so this will not work out. The shirts I bought cheaper I can take over there.
@dorannmwin (36698)
• United States
25 Oct 10
Now when I was designing digital scrapbooking kits for an online store, the ratio that we were using was 80/20. That meant that I would get 80 percent of the money made off of my work and the store would get 20 percent of the money that was made off of the store. For that reason I would tend to think that by giving you that ratio on the consignment would mean that she would give you 60% of the money that was made off of the shirts and make a 40% profit herself. If that is the case that is really good for consignment.
@writersedge (22579)
• United States
23 Oct 10
She should have a contract that you sign telling you exactly what it means. I would think you would get the 60 and she would get the 40. I thought 70/30 was bad. Geesh!
@Strovek (870)
• Malaysia
23 Oct 10
How often do you go to the flea market. Is she always there? I think the main thing is whether you will ever see the money.
@o0jopak0o (6406)
• Philippines
23 Oct 10
Well this is really one of the best things to do when you are just a small time maker of shirts and jewelries and such. But it should be 50/50 if the market for the booth is really not that big.
• Indonesia
23 Oct 10
may be her ger 60
@CTHanum (8254)
• Malaysia
22 Oct 10
the profit will be divide to 60/40?? surely she will get the 60. not a good deal.you should get the 60 while she is suppose to get the 40 because it's your product.what is your price??you should give her your own price include your profit and then she will decide additional price to be add to that price for her profit.like supplier to retailer price.
• India
22 Oct 10
Yes 60/40 means she will get 60% of the money. You should bargain with her and see to it that you get 60% and she gets 40%.Of course, if you feel that you are getting a good profit on 40% itself, you can choose to go for 40.