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What is Consignment?

May 21, 2013
Google consignment and you will find the definition is a trading arrangement in which a seller sends goods to a buyer or reseller who pays the seller only as and when the goods are sold."

And today, consignment is hot!

The market for consignment has blossomed thanks to value-conscious consumers and recent research that states that the overall category sees revenues of over $13 billion. While anything can be sold on consignment, people generally think of designer goods such as clothes, bags and shoes. Another faction covets art, sporting goods and musical instruments.

The truly savvy though, know that incredible experiences can be purchased on consignment to benefit charitable organizations and incent employees. We are talking about the exciting, no-risk travel packages we create and offer to clients who use them in a variety of ways. Who are the winners here? Everyone involved!

Charitable organizations who work with our company know that they are taking no risks when offering exciting, eclectic travel packages for sale at their auctions. Now they can offer greater, more exotic packages, appealing to a larger audience than they might be able to otherwise obtain. No purchases are made until the packages are sold. And in the unlikely event that an offering doesn’t sell, there is no obligation to pay for the package. It is actually far more common that more than one package will sell, raising even more money for the cause.

Auction attendees benefit from the array of vacation packages and once-in-a-lifetime experiences (“Fighter Pilot for a Day,” “Shop 'Til You Drop!”) that we supply and can modify for the purchaser. Our unlimited supply of inventory means we can add packages to an event on the spot.

Employers and their employees benefit from consignment travel packages as well. For the employer, they can offer a unique, sometimes "one-of-a-kind" travel incentive travel package to a worthy employee, often providing more value than the actual cost. Additionally, the employer doesn't have to pay for the package until the employee earns or selects it. For the employee, it's a winning proposition as well. He or she knows they are receiving something special of great value. It's the proverbial "win-win" for everyone!!