Frequently asked questions for Owners/Consignors

 

Why should I consign my product rather than sell on Ebay or Craigslist?

 

Great question and require two different answers. The main advantage of Craigslist is that listings are free. The disadvantages are many especially higher value items means large cash transactions which can be very dangerous, inconvenient and once the buyer is there, they may low ball you to get you to accept a price much lower than initially agreed.  The main advantage of Ebay is it helps market your product to a large market however novices may not get the best price or may not sell because of high prices and shipping items can be cumbersome. Dad's is the best of both worlds.   Dad's can typically get higher prices for you because of our market research, return guarantees, convenient location, hours and payment options ( we take credit cards which helps get the impulse buy).   We don't have to take lowball pricing because we know other qualified customers will be interested.   We typically sell 90% of our consignments within 30 days or less.  High demand seasonal equipment in 7 days or less. 


 

Craigslist

Ebay

Dad's

Accepts Credit Cards, Paypal and Cash

No

Yes

Yes

Safe, secure local location to transact sales

No

No

Yes

Has a local store that allows customers to test and tryout equipment

No

No

Yes

Researches current and seasonal pricing to get you maximum value

No

No

Yes

Actively promotes your product through multiple local and national channels to sell quickly

No

No

Yes

Ships products for you*

No

No

Yes

Customers can buy today and use today

Yes

No

Yes

Easy return policy

No

Depends

Yes

Offers Preferred program for return customers

No

No

Yes

 

 I see you consign tools, can I consign other things?

 

Dad's specializes in all types of tools (power tools, outdoor equipment, generators, testing equipment and related products) for our in store consignments.  However we are open to other products that would be interesting to our client base.   Adult sporting goods, recreational vehicles, collectibles, man cave decor and more. 

Products too large, too specialized or otherwise difficult to keep in our facilities can still be listed on our website. Interested Buyers can see the product listing and then contact us for an appointment to see the product.   We will then contact you to arrange a showing at our store.If the customer is interested, they would purchase it from Dads Consignment and the owner/Consignor would receive the Consignors pre-determined payment 15 days after the sale. The 15 business day policy is to allow for the 7 day return policy to pass and allow funds to clear before payment can be issued.If the Consignor would like for Dad’s to actively market their product to paid listing sites ( such as Ebay), Dad’s may require a small deposit to pay for expected listing fees.

 Should the product listed on the website require the potential buyer to visit an off-site location that is not managed by Dad's Consignment ( product owners business, home, storage facility, etc), Dad's will require a deposit from the Consignor in the amount of the store's commissions before a buyer meeting can be set. If the buyer chooses not to purchase the item, a refund will be issued after the sale is confirmed not to have completed.

  

What are your requirements to consign a product?

 

Product has to be clean and good working condition with all parts that are required to function in the manner the original manufacturer intended. Any product with evidence of leaks, significant rust or improper functioning will not be accepted.

Gas powered equipment will be tested while the consignor is onsite to insure the equipment is functioning properly.  Please insure enough gas in included to test at least 3-4 times for potential buyers. 

Battery powered equipment must be able to hold a charge for 48 hours to be saleable or will be sold as "bare tool" at a significantly lower sale price.

 

I have never brought a product to consignment, can you tell me the process?

 

 For small consignments of one or two products, we welcome you to stop into our shop during normal business hours.For larger consignments, we request setting an appointment so we can give you our fullest attention and quickest service.   You can also submit a product or list of products to us via the website and we can have everything set up for when you come in.  Contact liz@dadsconsignment.com for availability.

 When you stop in, we will evaluate the products and set you up as a Seller (Consignor).We will test the equipment, if possible while you are onsite but possibly within 48 hours if busy. We will compare the market pricing through online and previously sold items to determine an appropriate market value.   We are happy to take input on pricing but we cannot guarantee we will sell at a particular price.  


Commision rates as of 1/1/2017:

70% back to the owner for products that sell over $250 
60% back to the owner for products that sell between $$50 and $250
50% back to the owner for products that sell under $50

Common hand tools - screwdrivers, hammers, etc are difficult for us to inventory and pay commissions so we will either offer a buyout or be unable to take depending on condition and age.   Hand tools don't sell for much and often don't sell at all, so our buyout pricing is usually in the .25 to .50 per item.   Higher end brands and antique hand tools ( Snap-on, Estwing, etc) will be set up as normal commission rate. 


Shipping, listing and other associated costs will be deducted before the commissioned selling price is determined.


 Dad's will hold inventoried (in store) products up to 90 days unless otherwise noted.  However if the product is deemed unsaleable, an immediate request for pickup may be made.  After 90 days we may request to have you pick up the item at which time you have 14 days to take possession of the item. Items being returned to the Consignor may owe listing and other associated fees before the item is released. Items not picked up after 14 days will be considered abandoned and may become property of Dad's, discarded or donated to local charities.

 Once a sale of an item is completed, the buyer has 7 days to return the product. Dad's will issue the Consignor's payment on the 15th and 30th of the month after 7 business days has transpired.   As an example, if a product sells on the 9th of the month, a check would be issued on the 30th or last day of the month.

 For bulk consignments ( Estates and Business closures for example) Dad's may offer a set pricing level for all products.  We can come out for an initial assessment within 30 miles of our location to determine the best way to proceed. 

 Pickup is available on products totally over $1,000 and will have consignment rate of 50% applied to all product unless other rates are specifically agreed to in writing.   See our "Large Consignment" page for more details.