When we started selling our first product (a book), I was offered a consignment deal. I didn’t fully understand what it was at the time, but I knew it wasn’t what I wanted.
Today I have several consignment contracts with retailers, and in certain cases I see why it is necessary and am happy that it is beneficial for both of our businesses, however in most cases I loathe consignment deals.
Keeping track of inventory, sales, and payment is a nightmare, and I have found that many retailers are less involved when dealing with out of stock items.
If you need a comprehensive guide, this one will answer a lot of questions.