Crave Aerial Studio Consignment Program

Looking to offer your students with merchandise and accessory options, but hate the financial risk buying inventory involves? The Crave Consignment Program is exactly what you need! 

How does the consignment program work?

The Basics:

We will start by discussing the contents of your box and the duration of the consignment period.
I will then ship your studio a box of goodies for you to sell to your students. The studio will be in charge of collecting money from the sales, including taxes. 
Once the agreed upon period of time is over, you box up the unsold items and ship them back to me! 
You/the studio gets to keep 15% of all sales! 

Financial Details:

The studio will pay 50% deposit on the retail value of the box prior to its initial shipment. 
Upon completion of the sale, the studio keeps 15% of sales and will be returned any money they paid in excess from the deposit.  
The studio is responsible for paying the return shipping cost. 

What's in the Box?

That's up to you! While you won't be able to pick out each item individually, you can select what kinds of items to include. Tanks, leotards, dancewear accessories, grip aid products, polewear, and more can all be included. 
You'll also be in control of the retail value of the box so you can be certain that the deposit amount is something you can afford! 

The Fine Print:

The consignment program requires a 50% retail value deposit. 
Any unsold items returned to Crave Aerial that are not in brand-new condition will be deducted from the deposit amount. 
The studio is responsible for paying return shipping. 
If at the end of the consignment period, money is due to Crave Aerial, the studio has 4 business days to make that payment. If at the end of the consignment period, money is due back to the studio, Crave Aerial will refund the appropriate amount within 4 days of acceptance of the returned box. 
The studio profits 15% of all sales, regardless of amount sold. 
The studio is responsible for collecting applicable sales taxes. 

Examples:
Example A, Studio Sells Less than the Deposit they Paid*
Sample Studio wants a $400 retail value box that will appeal to pole dancers.
They would like to keep the box for 2 weeks. 
Crave pulls an assortment of items to include in the box.
Crave includes an itemized inventory with the retail value of each item. 
Sample Studio pays Crave a $200 deposit. 
Crave ships the box to Sample Studio.
Sample Studio makes items available for sale, collecting the full retail value of each item plus tax. 
At the end of the two weeks, Sample Studio sold $100 worth of items. 
Sample Studio boxes up the unsold items and ships them back to Crave.
Sample studio will get to profit 15% of the $100 sold, which is $15.
Since money is due back to Sample Studio, They will keep the $100 they collected and then Crave will return $115. 
Example B, Studio Sells More than the Deposit they Paid*
Sample Studio wants a $400 retail value box that will appeal to pole dancers.
They would like to keep the box for 2 weeks. 
Crave pulls an assortment of items to include in the box.
Crave includes an itemized inventory with the retail value of each item. 
Sample Studio pays Crave a $200 deposit. 
Crave ships the box to Sample Studio.
Sample Studio makes items available for sale, collecting the full retail value of each item plus tax. 
At the end of the two weeks, Sample Studio sold $300 worth of items. 
Sample Studio boxes up the unsold items and ships them back to Crave.
Sample studio will get to profit 15% of the $300 sold, which is $45.
Since money is due to Crave Aerial, they will keep $245 of the $300 they collected and pay Crave $55. 
*for the sake of easy numbers for these examples, sales tax was not taken into account. The inclusion of sales tax will not negatively impact your bottom line. It just makes the math slightly more complicated! If you need help understanding how to calculate and collect sales tax, I am more than happy to provide assistance!

As you can see in both examples, the studio only makes money. Aside from the cost of return shipping, the consignment program is zero risk to your studio!