Why Not Consignment?
We cater to the working retail artisan and entrepreneurial creator. Our offerings are designed with that in mind.
After trying consignment, many find that their ability to gain success is stifled by the high percentage (60-40% in most cases) that comes off each sale regardless of how well your product does. In some cases emerging artists or those who work in multiple mediums are told their is no room for their full offering of product. Occasionally we've heard from artists who've come to find their work stashed away in a dark corner, on a bottom shelf, or worse in a back room. By paying for your space as a sub-lease, your pre-determined space is yours for the duration of the lease.
In a direct comparison, the threshold for success in our space-lease model is $250 per month in gross sales for a micro space and $650 per month in an entry level space. If your entrepreneurial plan is to sell less than $10,000 annually, then consignment elsewhere might be a better option for you.
Example: Artist sells $1000/mo at 60% = $600 earned; $2000 = $1200 earned; $5000 = $3000
Nest: Artist pays $100 and sells $1000 at 75% = $650 earned; $2000 at 75% = $1400 earned; $5000 = $3650
Work Share Nester: Artist sells $1000/mo at 20% = $800 earned; $2000 at 80% = $1600; $5000 = $4000
In addition to a direct financial comparison please consider the following when placing your work for sale:
What is the size of your space and is their an agreement around placement of your product?
Is the shop always clean and welcoming?
Does the shop have a reputation for paying on time every time?
Does the shop have active social media presence? Facebook, Instagram, Website?
Do the other items for sell complement or compete with your product?
Does the shop sell mass-produced product next to your artisan work?
Do you have a full year's retail commitment (including December) to experience annual trends?