What Exactly Is Consignment Selling On eBay?

"eBay consignment selling" means selling items onetc)
eBay for other people. It costs the seller nothing up- paying by check
front, the only fee paid is when an item actually sells- monitoring your bank account for checks to clear
and the money has been collected from the buyer.- packing the item
"eBay consignment selling" means selling items on- shipping the item
eBay for other people. It costs the seller nothing up- updating spreadsheets or accounting software
front, the only fee paid is when an item actually sells- posting feedback (and dealing with negative
and the money has been collected from the buyer.feedback)
What it's not!eBay consignment selling is not a yard- invoicing and paying the consignor
sale where things sell for .10 cents on the dollar. YouFrom the outside, eBay may look easy. Like anything
will quickly discover that you can in fact make a veryelse, it's a learning curve and that takes time. You may
handsome profit on your items.not have the time or technical skills.
Why don't people sell their items themselves?If youWho exactly should be selling by consignment on
have sold a few items on eBay you already knoweBay?
that there is a lot involved in the selling process. Of- people without the time to do it themselves
course it may seem or look easy and for many sellers- anyone who wants to sell an item ... just not locally
the process is easy, because they enjoy doing it, but if- in need of cash for bills, a holiday or college
you stand back and add up all the time involved in aexpenses
typical sale, you could find that each item takes an- people with estate or inheritance items
hour or more to sell, and sometimes two to three- someone or group with a fundraising project
hours.- a business selling overstock merchandise (special
An hour or more to sell an item may seemdiscounts apply)
unrealistically long, but consider every part of the selling- anyone disposing of obsolete equipment
process step-by-step. You could spend 5 minutes toWhy eBay?In 2005 eBay had 147 million registered
half an hour on each of the following tasksusers in 30 countries. eBay owns PayPal with another
- researching item and prices100 million users worldwide. There simply is no larger
- taking good quality digital picturesmarketplace anywhere. When your item is listed on
- cropping, resizing and editing photographseBay people can look in from anywhere .. you go to
- writing a description that properly sells the itembed at 11pm and at 2am your time, someone in Japan
- listing the item in the correct categoryjust bought your item. Your item is exposed to the
- answering all email questions within 24 hoursworld 24/7 and that is simply working smarter .. not
- corresponding with the buyer (ie: to obtain paymentharder!