Recommerce is a relatively new term, introduced within the past decade, but you may be asking yourself, but what does it mean? Well, let us break it down for you so you can best understand how recommerce directly relates to the consignment shop business. The most simplistic definition of this term is it is that exact opposite of commerce, which as you may know is simply the term for buying and selling goods, especially on a large scale. Recomerce, however, is the process in which you are reselling goods to merchants. This is comparable, but not identical, to the consignment process in which the seller comes into a consignment shop seeking to have the consignee sell their goods for them. The consignment process differs slightly from recommerce as the consignor does not get paid for their goods until they are sold in the consignment shop. After the goods are sold the consignee will then take a portion that is agreed upon, of what the consignor’s item sold for.
Recommerce additionally involves several other factors, including:
When it comes to recommerce and consignment we are the experts. Recommerce is the easiest and most effective way of selling your used goods online. We can help you find the correct plan to best fit your needs and goals when it comes to selling products online. Learn more today at Resaleworld about our wide variety of products and plans when it comes to consignment and recommerce.