Auction Information

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

http://www.iwantcollectibles.com/consign5.html

Copyright 2005 IWantCollectibles LLC used with permission.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


CNN

Michael Jackson's famous moonwalk shoes are going up for auction ...
CNN
The black loafers that Michael Jackson used to perform his signature moonwalk for the first time on stage are going up for auction.
Michael Jackson's famous moonwalk shoes are going up for auctionfox2now.com

all 9 news articles »


Central Bank of Iraq Auctions $186511150 on 22 April 2018
Iraqi News
Baghdad (IraqiNews.com) The Central Bank of Iraq (CBI) currency auction on April 22 registered $186,511,150 in sales, a 0.60% volume increase from the US $185,400,055 sold by Iraqi Dinar, credit and transfer at the previous auction held on April 19 ...



New York Post

Mickey Mantle baseball card sells for $2.8 million at auction
New York Post
A mint-condition Mickey Mantle baseball card sold for $2.88 million — the heftiest price ever paid at auction for a post-World War II card and the second-most paid for any baseball card. The card was sold Thursday by former NFL offensive lineman Evan ...
1952 Topps Mickey Mantle baseball card fetches record $2.88 million at auctionWFTV Orlando
1952 Mickey Mantle card by Topps sells for near-record $2.88MESPN
1952 Topps Mickey Mantle #311 PSA Mint 9.. ... Baseball | Lot #80477 | Heritage Auctions - Heritage Auctions - SportsHeritage Auctions - Sports
AP News -NFL Football Players
all 79 news articles »


AL.com

TVA auctions 900 acres of Muscle Shoals Reservation | AL.com
AL.com
TVA will be maintaining a presence at the reservation, including workspace for about 500 employees.

and more »


New York Times

Auction Houses for Comics and Coins, Too - The New York Times
New York Times
The headlines in the auction world tend to involve Christie's, Sotheby's and Phillips, 18th-century businesses with English roots that routinely provide record prices, historic consignments and single-owner sales with famous names attached. But as ...

and more »


Deutsche Welle

James Bond actor Daniel Craig auctions Aston Martin for New York ...
Deutsche Welle
Not shaken but stirred by thoughts of doing good, actor Daniel Craig has auctioned his very special Aston Martin Vanquish. Only 100 of Aston Martin's centenary model were made, and the Bond actor was given the 007th.

and more »


Times Record

Harvest Time Academy mystery dinner fundraiser to incorporate music, auctions, food
Times Record
Area residents and visitors will have their chance to catch an art-loving "thief" in Fort Smith, and the safe, fun-filled opportunity will happen in just a few days. Harvest Time Academy will host its inaugural mystery dinner fundraiser at 7 p.m ...



Barron's

Phillips' Spring Watch Auctions Features Jaw-Dropping Daytonas ...
Barron's
The spring watch auction season is kicking off with a bang on May 12 at Geneva's Hôtel La Réserve with an expertly curated sale of noteworthy Rolex Cosmograph Daytonas by Phillips in Association with Bacs & Russo. The firm sold Paul Newman's personal ...

and more »


Martha Stewart Studio Props Auction May 5 - 6, 2018 at Kaminski ...
Benzinga
Kaminski Auction proudly presents a collection of the studio props and furniture from The Martha Stewart Show. Studio props from her years of television on Martha will be auctioned off by Kaminski Auctions of Beverly, Massachusetts on May 5-6 starting ...

and more »


5-Year TIPS Auctions With A Real Yield Of 0.631%, Highest In ...
Seeking Alpha
The after-inflation yield was the highest for any 4- to 5-year TIPS auction since October 2009. The coupon rate was set at 0.625%, the first time any TIPS of this term has had a coupon rate higher than 0.125% since April 2010. The inflation breakeven ...

and more »

Google News

home | site map
© 2006