What Are Consignment Services and How Do They Work
Consignment services offer a collaborative approach to selling goods, where one party (the consignor) provides items to another (the consignee) to sell on their behalf. Unlike traditional sales, the consignor retains ownership of the goods until they are sold, and the consignee earns a commission or a share of the proceeds. This arrangement is commonly used for products like clothing, furniture, art, collectibles, and even vehicles. The process begins with …