>Why 20-30% in store, and 5% in home? I'll be saving them storage >fees, and advertising the piano, showing it, and doing any tuning, >regulating, voicing etc. to help sell it. If I recondition a piano and place it on consignment in a store, they want 20% (my cost to move). So since this is in your space 20% if you only tune it, 30% if you improve it to cover your time. Otherwise cost of improvements, advertising plus whatever percentage you want for commission. You have to figure the ultimate sale price and, what it cost to recondition it with expenses to attach an appropriate commission. A store wants more because they hopefully run on a 30% profit, offering much less on a consignment hurts their bottom line since your piano eliminated a possible sale of one of their own stock. 20% because they have no capital tied up in it as they do with their stock. I had a S&S A on consignment a few years back (decent piano) and I needed to install a new back action. At a sale price of $32K, 20% commission left room for the improvements. It didn't sell... 6 months later, dropped the price to 28, a few months later 25. Months later, someone came along and offered 18, I called the owner and she said to accept the offer, not willing to undermine my commission I countered with 20 and the customer accepted. Fortunately the owner upped the commission to 25% due my efforts and the valuable space it took up during the sale period (1yr+). Big ticket items don't move as fast as you'd hope. -- Regards, Jon Page -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20071127/f6d2ba73/attachment.html
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