| One of the easiest ways to make money on eBay is | | | | business. |
| by selling items belonging to other people, individuals or | | | | But no-one is suggesting it's easy for newcomers to |
| businesses. | | | | take possession of valuable items this way, especially |
| It's called 'Consignment Selling', sometimes 'Commission | | | | new eBayers lacking feedback or experience of |
| Selling', but like most good things, the process is not | | | | auction selling. |
| without problems, as where someone refuses to part | | | | So it's a good idea to build feedback and reputation |
| with their goods after the sale takes place, or you find | | | | quickly by purchasing lots of cheap items on eBay and |
| goods you listed in good faith turn out to be stolen. | | | | getting sellers to leave feedback right away or you |
| There's a lot you need to know to make this process | | | | might sell items for family and friends and build |
| work, including always taking possession of whatever | | | | feedback that way. |
| you are selling, to prevent the owner losing or | | | | As you move into high value items you must have a |
| misplacing the item, and to make sure you have the | | | | contract which you and your vendor sign. The vendor |
| product close to describe it properly, take pictures, | | | | confirms he or she has rights to sell the products, you |
| answer questions about the item. But how do you get | | | | highlight essential details of the auction procedure |
| people to part with their valuable items? | | | | including your commission. The contract protects you |
| It's much easier than it sounds, and the process is no | | | | against vendors fraudulently misrepresenting their |
| different to thousands of people parting with their | | | | goods or pulling out of a sale. |
| goods for offline auction houses to describe and sell | | | | A simple contract will suffice, stating that you will do |
| those products locally, nationally, even internationally, | | | | your best to achieve a high price for the product and |
| both on and off the Internet. Few major auction | | | | pass relevant monies back to the vendor at an agreed |
| companies, on or off the Internet, will even consider | | | | time after the sale. Once your business grows to |
| selling items they don't have in their possession before, | | | | more than two or three sales each month it's |
| during and after the auction. And that is also how to | | | | worthwhile having a lawyer design a simple contact |
| properly and effectively operate a consignment | | | | for you. |