Happy New Year friends. This is our first post for 2020 and our first post for this blog. We finally decided to get with the times and join the rest of the blog world on WordPress. I have been using blogger since 2006. Then we started the Booth Crush blog in 2014. What can I say…old habits die hard. This thing is no joke! It’s going to be a learning curve for sure. So I apologize now if things look a little off.
So do you have any new year resolutions? Are you thinking about renting an antique booth? We get questions from newbies all the time seeking guidance on this topic. So today, we wanted to dedicate this post to Blaine Lou. She has been one of our long-time followers and top fans. So, Blaine, this is for you and all the other newbies.
What is the difference between booth rent and consignment?
Some antique stores offer consignment and others offer booth rent and or both. The difference is… booth rent is a monthly fee you pay for a designated area within the store or mall you choose. We did a post on this several months ago called: The Truth about Booth Rent. Click here to read that post.
When you place an item on consignment you will receive a percentage when the item sells. If you don’t sell it, you don’t pay anything. That’s the great thing about not having to pay booth rent. If it is sitting in the shop you are not out any booth rent.
Let’s say you find a shop that does consignment. You sign the contract and you agree to a 30\70 split. That’s usually the standard on furniture. You will get 70% and the shop will get 30%. You will not pay any other fees. You only pay when your item is sold. You really don’t pay then because the shop owner will contact you when the item has sold and you go pick up your check.
Consignment is also a great way to get your feet wet. If you are afraid to commit to renting a booth. You could always put a few pieces in a store and give it go. You’ll either be hooked or you’ll decide it’s not really for you. This way you will not be out anything.
Do I need a business license to rent a booth?
This answer will depend on the city and state you are in. The store that you are renting a booth from will be able to tell you. Most places allow you to fall under their umbrella. However, some places will require a business license. A business license is a fee that you will pay yearly.
Do I have to sign a contract for booth rental?
Again, this will depend on the owner. Most places do require you to sign a contract. Contracts range anywhere from 3 months to 12 months. Be sure to ask before you sign on the dotted lined. Once you sign a contract you will then pay your first month upfront and some places even require the last months rent or a deposit equal to your rent that can be applied to your last month of rent.
Some places do not require a contract at all. They allow you to rent month-to-month and no deposit. These are great places to get your feet wet too because if you get in your booth and decide you don’t like it all you have to do is give your thirty-day notice and you really aren’t out anything. HOWEVER, we highly recommend you give your booth at least three to six months to really get going.
What questions should I ask before committing to a booth?
We compiled a list of important questions for you to ask in a previous blog post. Click here to read: Dealer Checklist Questions.
Where do I find my inventory?
We tell all newbies not to run out and invest a lot of money at first. You can always shop your own home or check with friends and family. Yard and estate sales are great places to source inventory. These are usually seasonal though. So during those winter months, you can be looking at thrift stores, junk shops, and flea markets as well as looking at Facebook Marketplace and other online Facebook groups.
Auctions are another great place and last but not least visit other antique stores. Because when dealers have sales in their booth you can find good deals.
Will the store require me to work?
Most stores do not require dealers to work in the store. That being said, every store is different. Some stores and malls may require the dealers to work a set amount of hours. This is really a question for the store owner. If you do work in the store, you could be paid by the hour, or in some places, the owner will take so much off your rent instead of paying you.
We hope this helps shed some light on booth rental. Once you get your booth up and going sell the things that you love and that you would have in your home. It will come naturally to you. If you try to sell something you know nothing about or because you think it’s doing well for another dealer your sales will eventually suffer. In the long run, you will burn out. Be yourself. Don’t be a copycat. Lastly, be a good booth neighbor. Click here to read a post called Booth Etiquette.