An Introduction To Ebay Consignment
After I started selling on eBay, I was approached by friends without computers who wanted me to sell their items for them. They had heard stories about the outrageous prices items some ebay auctions brought. They knew I could get more money for them on eBay than they could get selling the items themselves. An added incentive to them was I did all the work. All they had to do is say "I don't want this anymore, sell it for me;" and within a few weeks I converted their castoffs into cash.
I was already selling on eBay, and I had developed a system for listing and dealing with sales that allowed me to list lots of items in a short time. The chance to make a few dollars without any investment was too much to pass up. I made some good money doing this and because I didn't have to tie up my money buying inventory I was able to use it to grow my train business.
Consignment Selling Is The Perfect Way To Start Your Own eBay Business.
There are no set up fees or investments. You won't need to risk your own money buying items to resell. You don't need a detailed knowledge of antiques and collectibles. You only need to know how to find the right category, write an adequate description and take some high quality photos.
Selling on consignment allows you to learn about antiques and collectibles without risking your own money. By selling other people's items you learn the value of items in the most practical way. By handling them and selling them. No matter how many price guides you read, and antique shows you attend, you will never get the feel for items until you sell them.
When you sell on consignment, you provide a service that makes your clients additional money. When most people sell something, they sell to a dealer who needs to mark up the item to make a profit. This is not what happens on eBay.
On eBay the END USER is the buyer and will always pay more than a dealer would. Even after paying a consignment fee, the seller makes more money.
This is the true benefit of eBay consignment selling. Finding the END USER. Before eBay this was a difficult and daunting process. With eBay, a simple listing placed in the correct category, with a good description and some high quality photos, is enough to get a few END USERS to fight over the item.
Things You Need To Succeed With Consignment Sales:
1. You need to take possession of the items. When you sell items on consignment you risk your eBay name and reputation. You take these risks when you sell your own items, but you are in complete control of your actions. In order to lower your risks you need to get complete control of the items you are going to be selling. This prevents sellers from changing their minds, and allows you to ship the items as soon as you receive payment.
2. You should always have a written contract. One of my friends was sued by a consignor who felt the commission was too high. The consignor agreed to pay 20 percent of the selling price, then when the item sold for $8500, got upset about paying $1700 to someone for doing 30 minutes of work. While my friend won in court, it would never have gotten to court if he had a written contract.
3. You'll also need to perfect ways to get items. At first your friends and co-workers will provide you with a good stream of salable items. After a while this stream will dwindle and you will need to go out and find consignors. This is not as difficult as it may seem. Remember, by consigning with you, the seller gets more money than they would otherwise.
Terry Gibbs is a collector/dealer of old toys and trains, and teaches others how to buy and sell antiques and collectibles. Gibbs is the author of two best selling eBay books "The Auction Revolution," and "The Complete Guide To eBay Consignment Sales." He has also written numerous other books about buying and selling antiques and collectibles. Learn more at his website: http://www.news.iwantcollectibles.com
Copyright 2005 IWantCollectibles LLC used with permission.
Profit Through Other Peoples Ebay Errors
There are many issues that influence how an eBay auction ends. Timing, Description, Title, Photos, the list could go on and on. However, one tiny error will be the deciding factor on what the final price is & whether your auction ends successfully or not.It's an error I've made many times and much greater sellers than I make on a daily basis. I...(related: Auctions)
Do You Sell Tires By Mail? Maybe You Should Ebay
I just received an interesting email from eBay and it got me thinking... Do you sell tires by mail? Maybe you should 'eBay' (yes it's now a verb as well as a noun)I know, if you...(related: Auctions)
Selling On Ebay-get Started In 7 Easy Steps
Ebay auctions are definitely the easiest and fastest way to start earning money online. Ebay.com gets over 1.5 billion page views every month-that means ebay takes care of the single biggest problem all internet business owners face-traffic.With over 9,000 new users registering on ebay every day there's not likely to be a slow down to your business-if you know how to get started. Follow these easy steps to put you on the road to online profits today.#1: Get an Ebay.com Selling Account, it's free and easy.#2: Decide what you're going to sell. For starters it's a good idea to look around your gara...(related: Auctions)
How To Make Money From Internet Auctions
If your business is not using eBay and other Internet auctions, you could be missing out. Here are just a few ways of generating additional income, profits and cashflow from online auctions.1. Convert Excess Assets to CashSell personal or business items that you no longer use. For example, are there slow moving inventory items i...(related: Auctions)
Join The Home-based Business Revolution
So you've decided to go into business. Great. Now what?
If you're like most new internet, home-based entrepreneurs, you have no idea. Let not your heart be troubled!
There are many ways to run a home-based business on the internet, none of which are easy. Don't be fooled - there is a lot of hype out there, and those "overnight success" promises you'll find that are so prevalent on the internet these days are, in fact, to good to be true. I know, because I tried many of them. But did...(related: Auctions)
How I Was Nearly Conned On Ebay
I am not sure how many people have had bad experiences on Ebay, I hope not too many. I was having a great time on there until some man tried to defraud me out of £170.I had been buying and selling on Ebay for a number of months without any problems at all. If I ever bought anything that cost over £100, I would offer to meet the seller somewhere, normally just off the motorway and this was working very well. I m...(related: Auctions)
Joint Venture For Ebay Success Too!
Whether you're succeeding in your online auction attempts, just getting by, or failing to make money; Joint Ventures Can, and almost certainly will, Multiply Your Income Without Spending A Single Penny!Joint Venture, or JV, is a big general term for setting up creative ways to cross promote or cross market with other people Just Like You.How do I know..? I'm living proof that it works and works well. Last year I made more than a quarter o...(related: Auctions)
How To Sell On Ebay & Keep Your Shirt
Have you ever been delighted after a huge sale on Ebay. . .only to find out that your massive profit margin was whittled away by fee after fee afterfee after fee?Ebay charged you to list your item; they charged you to add pictures; they charged you to add upgrades;they charged you to use a template; they charged youto put your auction up at a certain time; and then, on top of everything else. . .they charged you AGAIN forclosing the sale.At this point, you would have been happy to walk away from your huge sale with the shirt on your back.But no. Paypal arrived on the scene to process your transaction for a small fee - your shirt.. . .and there you sat at your computer, frustratedand shirtless. You were probably ready to just throwyour hands up in dispair and quit selling on Ebay.But you didn't. Yo...(related: Auctions)
Eating And Thriving On-line
The Internet SHOULD be "the place to shop" for low-carb dieters, diabetics, celiacs, and anyone else on a special diet. The posted prices are well below those in retail stores, the variety is greater, you are dealing with firms whose specialty is dealing with your need, and the products for sale are described fully in type that is designed to be read (isn't that a pleasant contrast to the packages you see in your local stor...(related: Auctions)
How To Generate Extra Cash In An Instant
With so many out of work, laid off or staying in dead end jobs to make the ends meet, we need creative ways of generating extra income. Here are a few simple, innovative ideas to get the cash you need quickly.1) Your personal gold mine, can be staring you right in the face. Many of us save momentos for years for nostalgia or for that one time that we might need them. That time never se...(related: Auctions)
Dont Sell Grandmas Jewelry At A Yard Sale...get More Money
Have some vintage jewelry? There are several ways you can sell collectible or vintage costume jewelry. How much your vintage jewelry is worth depends on several things. First and foremost, you need to know what you have and the condition it is in. Refer to our first article for helpful tips on old jewelry research. You may consider taking your jewelry to a dealer. If so, first you need to find a dealer, preferably one with experience in old jewelry. Look in your local phone book and get on...(related: Auctions)
Is Your Trash Cash? 5 Easy Places To Sell Your Stuff
The old adage that says "one person's trash is another person's treasure" never goes out of date. So when you're looking for some extra spending cash and you want to make some space in your home, combine the two endeavors by selling your stuff instead of donating it or trashing it. Use the extra cash to pay a bill or start a holiday gift fund. Even better, use the windfall to treat yourself to a weekend getaway! Plenty of people and places exist to buy what you could be selling instead of giving away or trashing. Here are some places ...(related: Auctions)