What is a Consignment? Under a standard consignment arrangement, a store will hold records for 90 days. If the records sell, the store will keep 25% to 50% and pay you the rest. The records that don’t sell will be returned to you. Under a consignment agreement, it is your responsibility to check back at the store. How Not to Lose Money on Consignments Consignments are time-consuming to manage. Many bands place their records on consignment and then fail to follow up, or when they do follow up, they are not prepared to do business. It’s your responsibility to keep track of the written consignment statement. Remember, the store is doing you a favor by stocking your records. Be professional! Calendar the date when In the event that the store does not have a consignment agreement, you can use the agreement below. A tear-out copy appears in the appendix, and a digital copy is included on the forms disk. The form basically shows what records you left at a store, when you left them, when they should sell by, and what their price is. You don’t need to leave a copy with the store unless the store requests one. The Consignment Agreement In the event that the store does not have a consignment agreement, you can use the agreement below. The form basically shows what records you left at a store, when you left them, when they should sell by, and what their price is. You don’t need to leave a copy with the store unless the store requests one. Under “Store” and “Salesperson,” fill in the name of the record store and salesperson who assisted in the consignment. Insert the date you dropped off your records, and under “Due Date” indicate the number of days for the consignment (usually 60 to 90). Indicate the title of your recording under “Description.” If you have more than one title, list each title separately. Indicate the number of units of each title that you are leaving of each title under “Quantity.” Under “Unit Price” indicate the amount you will get back for each record sold. Usually the band gets some-where between $4 and $7 per CD. Sometimes a store will tell the band how much it will make. For example, the store may tell your band, “We charge $12 for each CD and we keep 50%.” In other words, your band gets $6 per CD. Multiply the unit price by the number of records left, and enter that number in the “Amount” column. If, when you return to the store, only some of your CDs have sold, you would deduct the unsold CDs from the total amount due.