Consignment and Overstock Liquidations

Consignment

Consignment of boat parts involves an agreement where a seller (often a boat owner or a marine equipment retailer) entrusts their boat parts to a consignment shop or dealer to sell on their behalf.  Overall, this can be a win-win arrangement, but it requires trust, clear communication, and proper management to be successful.

There are some considerations for both parties:

1. Agreement: It’s crucial to have a clear agreement outlining terms such as commission rates, how long the items will be on consignment, pricing strategies, payment methods, and procedures for returning unsold items.
2. Condition and Quality: The seller should ensure that the boat parts are in good condition and accurately represented to maintain trust with customers and the consignment shop.
3. Marketing: Both parties may need to collaborate on marketing efforts to attract buyers to the consigned boat parts. This could involve online listings, advertising, or promotions.
4. Inventory Management: The consignment shop needs to carefully track consigned items, ensuring they are accounted for and returned to the seller if they don’t sell within the agreed-upon timeframe.

Boat parts consignment has become a growing part of our business. Salvage Marine Network currently serves over 70 consignors to include marinas, repair facilities, manufacturers and distributors. We will pay you for your excess inventory. All parts are then shipped to our facility, inventoried, and listed for sale on one of our many sales outlets. All under contract. We buy it wholesale, retail, or right off of your production line. We will make you an offer on your entire inventory. We are honest and trustworthy. Contact us if you are interested in learning more about this service. Purchase of Overstock by Salvage Marine Network is also an option for some parts suppliers.