03/13/2021
This past week was interesting as it brought me my first consignment deal. I had a buddy looking to sale his Snap On multimeter, and he offered me a very reasonable price that I could've made money on. BUT, I have never bought and sold tools before, so I offered to handle selling it and taking a small flat rate amount to deal with listing it and shipping it, so on so forth. That way if it sells, he gets paid more, I make a flat amount, and if it didn't sell, I wouldn't be out of pocket a sizeable amount for something that's sitting too long. We sold this multimeter in literally about 10 hours from listing it, he made about $40 more than if he just straight out sold it to me, I made my commission at zero risk, and the buyer got a solid deal so everyone came out a winner on the transaction. Definitely considering doing a few more consignments in the future for sure!