Wednesday, October 24, 2012

Selling Consigmnent On EBAY

Start Your Own eBay Consignment Business

  1. 1
    Decide how much you want to charge your consignors for selling their items.
    • Contact a few eBay trading assistants to find out how much they charge. You can get a list of trading assistants from the eBay Trading Assistant Directory. To get people to use your service, your prices must be competitive.
    • In general, the going rate for eBay consignment is 20 to 40 percent of the end sale price. The price you charge the consignor should be enough to cover your fees and still provide enough profit for you to be worth your time.
  2. 2
    Draw up a contract outlining the terms of your consignment sales. Be sure to include all fees that apply to the sale, what is to be done with merchandise that does not sell, and when and how the proceeds from the sale will be given to the consignor.
  3. 3
    Keep accurate records of your consignment sales. When selling consignment for others, the money paid to your consignors comes off of your profit the same way that you would subtract product costs if you were selling items you purchased for re-sale.
  4. 4
    Start with friends and family members to find items to consign on eBay. It is always best if you can get experience working with people you know before growing your business.
  5. 5
    Grow your business through word of mouth and referrals. A satisfied consignor will tell others about your service, helping your business to grow.
  6. 6
    Place classified ads, hang fliers in local businesses and hand out business cards to help your consignment business grow quickly.
  7. 7
    Go to a consignor's house to look at her merchandise when a call comes in requesting your services.
  8. 8
    Search for the items on eBay to determine if there is a market if you are not sure if an item has one.
    • A search of eBay closed auctions provides a more accurate look at the market, because auction-style selling often brings bid activity at the end of the auction.
    • Taking items on consignment that do not have an eBay market is not only a waste of time, and in most cases you will be out the eBay listing fees. In most consignment situations there is no cost to the consignor if the item doesn't sell.
  9. 9
    Take the items to your house for listing on eBay if you offer a full consignment service meaning you list the item, collect the payment and ship the merchandise.
    • Alternatively, some sellers offer only an eBay listing service and do not ship the merchandise to the customer. If you run your consignment business that way, leave the items with the owner.
    • If you are not taking the item to your house for listing, you must take pictures of the merchandise at the consignor's house. Also record all necessary information, including dimensions, weight, condition and anything else you need to know when listing an item.
  10. 10
    List the consigned merchandise on eBay the same way that you would when listing items you own for sale.
  11. 11
    Complete the sale and ship the merchandise to the customer.
  12. 12
    Pay the consignor his proceeds. The amount of time you wait before paying consignors is affected by a number of variables, including the payment methods you accept and your stated return policy, among other things. Make sure the transaction is completed to the customer's satisfaction before paying the consignor.
  13. 13
    Consider opening a storefront with a drop-off location for consigned merchandise as your business grows. This will allow you to handle more consignors without the travel time and expense of going to their homes.

Sell for others On EBAY today!

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There are two types of people in this world, those who know how to sell on eBay and those who don't. The people who do not know how to sell on eBay are actually more common than you think. So your job is to sell for these people and start making money with eBay.
There are actually several steps that you want to go about doing before you start earning on eBay - this includes opening up a seller's account on eBay and opening an account on pay-pal as well. Once you have done this, you'll be well on your way to success.
First off, as stated before, you must make sure you sign up as a seller on both eBay and Pay-pal. You will probably have to submit your personal debit card on eBay to pay for seller fees. Now on to Step Two for selling for others on eBay.
You want to start by finding people or having people come to you in hopes that you may start selling on eBay. Start handing out business cards, helpful information, collecting e-mails, myspace, facebook, and doing whatever you can to start finding people who need items sold.
There are actually people who go to other people's houses, sort through their junk and sell it on eBay - this could be you, because there are some of these people who are making 6 figure incomes by selling other people's stuff online! Maybe you want to make this much, maybe more or less - however it is just proof that it's possible to make cash through eBay and selling with others.
What does the person want to sell? You want to be upfront with the person and see if their product will sale or not. You can easily go by checking the end auctions and seeing how many bids come up for that product - if it's a good profit margin, then be upfront and tell them that it's a good idea, & vice versa.
First off, you want to consider several things before selling another person's item on eBay. You will want to discuss Pay-Pal fees, eBay fees, and Closed Auction fees, plus any other fee that you may have to charge the person - let's be honest; you do not want the money coming out of your pocket.
If you are good or atleast somewhat knowledgeable on eBay you can actually pay and start giving tutorials to people who are searching to earn some cash or make a supplementary income on eBay. By being creative you'll quickly start to know that the sky is the limit.
Start selling for others today. Do you have any family members? Any friends, or relatives? You may even start a whole eBay store based on items that other people want to sell! Can you see how lucrative this is? The hardest part is getting started so be sure to start today!
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