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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 funds 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 do not 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 instant. The chance to generate a few dollars without any investment was too much to pass up. I made some good money doing this and because I didnt have to tie up my money buying inventory I was able to make use of 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 will not need to risk your own money buying items to resell. You dont need a detailed data of antiques and collectibles. You only positive need to understand 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 funds . By selling other peoples 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 accomadation that makes your clients additional money. When most everybody sell something, they sell to a dealer who needs to mark up the product to build 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 funds .

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 sizeably efficient description and some high quality photos, is enough to get a few END USERS to fight over the merchandise .

Things You Need To Succeed With Consignment Sales:

1. You absolutely need to take possession of the items. When you sell items on consignment you risk your eBay title 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 positive 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 product 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 will also need to perfect ways to get items. At first your friends and co-workers will provide you with a great 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 can seem. Remember, by consigning with you, the seller gets more funds than they would otherwise.

 

 
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