An Introduction To eBay Consignment

After I started selling on eBay, I was approached byhappens on eBay.
friends without computers who wanted me to sell theirOn eBay the END USER is the buyer and will always
items for them. They had heard stories about thepay more than a dealer would. Even after paying a
outrageous prices items some ebay auctions brought.consignment fee, the seller makes more money.
They knew I could get more money for them on eBayThis is the true benefit of eBay consignment selling.
than they could get selling the items themselves. AnFinding the END USER. Before eBay this was a
added incentive to them was I did all the work. All theydifficult and daunting process. With eBay, a simple
had to do is say "I don't want this anymore, sell it forlisting placed in the correct category, with a good
me;" and within a few weeks I converted theirdescription and some high quality photos, is enough to
castoffs into cash.get a few END USERS to fight over the item.
I was already selling on eBay, and I had developed aThings You Need To Succeed With Consignment
system for listing and dealing with sales that allowedSales:
me to list lots of items in a short time. The chance to1. You need to take possession of the items. When
make a few dollars without any investment was tooyou sell items on consignment you risk your eBay
much to pass up. I made some good money doing thisname and reputation. You take these risks when you
and because I didn't have to tie up my money buyingsell your own items, but you are in complete control of
inventory I was able to use it to grow my trainyour actions. In order to lower your risks you need to
business.get complete control of the items you are going to be
Consignment Selling Is The Perfect Way To Startselling. This prevents sellers from changing their minds,
Your Own eBay Business.and allows you to ship the items as soon as you
There are no set up fees or investments. You won'treceive payment.
need to risk your own money buying items to resell.2. You should always have a written contract. One of
You don't need a detailed knowledge of antiques andmy friends was sued by a consignor who felt the
collectibles. You only need to know how to find thecommission was too high. The consignor agreed to
right category, write an adequate description and takepay 20 percent of the selling price, then when the item
some high quality photos.sold for $8500, got upset about paying $1700 to
Selling on consignment allows you to learn aboutsomeone for doing 30 minutes of work. While my
antiques and collectibles without risking your ownfriend won in court, it would never have gotten to court
money. By selling other people's items you learn theif he had a written contract.
value of items in the most practical way. By handling3. You'll also need to perfect ways to get items. At
them and selling them. No matter how many pricefirst your friends and co-workers will provide you with
guides you read, and antique shows you attend, youa good stream of salable items. After a while this
will never get the feel for items until you sell them.stream will dwindle and you will need to go out and find
When you sell on consignment, you provide a serviceconsignors. This is not as difficult as it may seem.
that makes your clients additional money. When mostRemember, by consigning with you, the seller gets
people sell something, they sell to a dealer who needsmore money than they would otherwise.
to mark up the item to make a profit. This is not what