I received my first opportunity to consign my knitting last fall. I was fortunate enough to have made the connection previously and didn’t have to do any cold calling but that doesn’t always happen.
I ended up designing a colour block adult and child hat specifically for the Fort Calgary gift shop. There was a contract, it was a 60/40 deal (meaning I get 60% of the sale) and they would send a cheque at the end of the month. Now, in order for that to work out for me I had to price accordingly. Which I had already done but double checked before giving my prices. It’s not in anyone’s best interest for you to short-change yourself.
Sure the retailer is getting a smoking deal but you’re having to make more stock for less profit and you may even burn yourself out in the long run.
So if you’ve been on the fence regarding consignment or wholesaling, I say go for it! But make sure you’re paying yourself enough so that a 50 or 60 percent payday is still making you a profit.
If you’re going to do some cold calling, check the website of the store for their preferred method of contact. Some will have an application, others will want you to email, it all varies. But unless they specify it’s how they want to be contacted, DO NOT dm them on instagram! Simply because a quick check on their website will likely tell you how to apply/contact them and by dming them you’re basically saying you don’t know how to the proper research.
The season for my products is over but I will definitely be working with them again this fall.