Auction Information

eBay Consignments: The Giant Opportunity Hiding on eBay (Part I)


More and more, people are becoming aware that they have potential cash sitting in their closets, attics, and basements. But not everyone has the time or the know-how to tap into it, so these items remain where they are or are given away. Or worse, they're tossed out with the trash. eBay is about to change that.

eBay Consignments are a Growing Opportunity for experienced eBay sellers and a boon to consumers who want to unload their "stuff"

Heres a common scenario:

Renee has a basement full of record albums from the 1940's that she inherited from her Uncle's estate. She has no interest in them, and would love to see what she could get for them on eBay. The trouble is, Renee is not only unfamiliar with how eBay works, but she's also a "technophobe". She breaks out in a rash every time she sees a computer or a digital camera. But Renee has heard something about eBay consignments.

So, Renee asks her neighbor Anne, the eBay whiz, to help her out. Anne does a quick check of recently closed eBay auctions to see what similar items have been selling for. She adjusts Renee's expectations with this information, and the next day Renee drops off her cartons full of records.

Ann takes a couple of digital photos, writes a general description for the lot, and launches the eBay auction. She invites prospective bidders to email her with any questions.

Things go smoothly, and a week later the lot is sold. Renee is pleased with her earnings and extremely grateful to Anne. She asks Anne what she owes her for her hard work. Anne, good neighbor that she is, only accepts enough to cover her eBay expenses and tells Renee she can take her out to lunch some time.

An Opportunity Seized

This kind of informal arrangement has been going on between members and nonmembers of the eBay community for several years. Many auctions will state that "I'm selling this item for a friend", or "a woman in my neighborhood found these in her attic and asked me to sell them on eBay".

eBay, who has a knack for keeping an ear to the ground and spotting to trends, saw a golden opportunity in this kind of arrangement. In 2002, they launched the "eBay Trading Assistant" program.

The program is run on the same basic principal as eBay consignments, only more formalized. Sellers can now advertise themselves as Trading Assistants on eBay, and people with items to sell can use eBay's Directory of Trading Assistants to find someone in their area.

Because of eBay's minimum requirements for becoming a "TA", only those sellers with experience and a good reputation (or high positive feedback ratings, in "ebay language") have the privilege of selling items for others.

Benefits for Everyone

The system benefits the Trading Assistant by expanding their reach far beyond the next door neighbor. When a seller joins the Trading Assistants Directory, he or she is telling the world that they are willing to sell for others.

For those seeking out eBay consignments as a means to cash in their "stuff", the system offers an "official" source of experienced eBay sellers and information about how things work.

And of course all of this brings more business to eBay. As always, eBay is simply the portal for consignment selling, not an employer of the Trading Assistant. So each individual "TA" makes their own rules about how they wish to structure their eBay consignments business.

How it Works

Trading Assistants are experienced eBay sellers who have indicated their willingness to sell items for others for a fee. People who want to hire a Trading Assistant can search the Trading Assistant Directory to find someone to sell for them. All the terms of how the services will work are negotiated between Trading Assistants and their clients. You can become a Trading Assistant if you meet some basic requirements (1 past sale in the last 30 days and a feedback rating of at least 50 with fewer than 2% negative feedback points).

Cost and Requirements

Currently, it costs nothing to become a Trading Assistant and be listed in the eBay consignments Trading Assistant Directory. eBay has not expressed any intentions of charging for it, but they do reserve the right to change their policies.

To become a Trading Assistant, you need to meet the following requirements:

-You've sold at least 4 items in the last 30 days.

-You have a feedback score of 50 or higher.

-97% or more of your feedback is positive.

-Your eBay account is in good standing.

Note: The ability to join the directory is a privilege, not a right, and eBay can remove the ability of a TA to post to the directory if they receive complaints and/or find evidence of unprofessional behavior.

Interestng Facts

According to Walt Duflock, eBay's director of the trading assistant program, consignment selling has really taken off since the program's inception:

-The TA Program began in February 2002

-There are more than 50,000 registered trading assistants worldwide as of August 2004

-"Collectibles" is a very active category for TAs and TA clients

How to Find or Become a Trading Assistant

To find a "TA" At eBay, you'll be asked to enter your ZIP code code to find a Trading Assistant near you who can handle your ebay consignments. To find someone who specializes in particular items or services, you may select an item category or use their "Advanced Search" link.

Provided you meet the requirements listed above, you can fill out eBay's online application to become a TA and start your own eBay consignments business right away. Although you can run your business however you choose, and you're not employed by eBay, they do provide some assistance:

eBay provides extensive resources for the trading assistant program, among them Trading Assistant Worshops such as the recent one entitled, "Getting the Most Out of the New Trading Assistant Directory". The "Trading Assistant Toolkit" is an extensive directory of tools and education to help Trading Assistants market their services better and find more clients.

eBay also offers an Advertising Reimbursement program, which helps PowerSellers market their products and services offline by subsidizing a percentage of their

advertising efforts. And eBay has produced at least two training manuals outlining Best Practices for marketing, selling, fincance, efficiency, and working with clients.

With all of these resources at hand, anyone interested in eBay consignments, whether to tap into "the money in the attic" or to further their eBay auction success, is not likely to be disappointed.

Be sure to look for Part II, in which eBay takes the program to the next level with the Trading Post.

Copyright 2004 Carolyn Schweitzer DDS. Dr. Schweitzer was a family dentist for 20 years and is now owner and editor of several websites. You can learn more about where to find specific links to the Trading Assistant and Trading Post programs by visiting her website at http://www.netbrainer.com/site/500041/page/449460.


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


Washington Post

Mind-boggling array of autographs propels baseball to record-shattering auction price
Washington Post
“The sheer greatness of this ball is simply unrivaled,” SCP Auctions president David Kohler said in a statement (via MLB.com). “Its historical importance compounded by the impeccable provenance and state of preservation elevate it to singular status as ...
Baseball signed by Babe Ruth, Honus Wagner, Ty Cobb, original Hall of Famers shatters record price at auctionCBSSports.com
LOOK: Baseball signed by Ty Cobb, Babe Ruth auctions for record numberSportsnaut
Signed baseball brings $623369 at auctionNewsOK.com
CBS Dallas / Fort Worth -RealClearLife -Sports Collectors Daily -SCP Auctions
all 215 news articles »


Marketplace.org

The business behind celebrity auctions
Marketplace.org
As a public school teacher in New York City, Richard Andino isn't making boatloads of money. But that doesn't stop him from attending celebrity auctions. At a Park Avenue sale last month, he dropped five grand on a gold watch once owned by the mid ...
Hard Rock History - Hard Rock CafeHard Rock Cafe
MGM Auction. Adrian Archives – Silver Screen Modes by Christian EsquevinSilver Screen Modes by Christian Esquevin
MGM bankruptcy: lion's roar has long been a whimperTelegraph.co.uk
Marketplace.org -USC Press Room - University of Southern California
all 17 news articles »


ECM Publishers

Huge Eagle Bend, MN Area Farm Estate Auction
ECM Publishers
Sept. 14 • 10:00 AM. 12441 County 22, Eagle Bend, MN. Working & collectible tractors and attachments, rock pickers, planting & tillage Equipment, toys, good shop tools, trailer & misc. items, combine & windrower, amphibious ATV, four wheeler, pickup, ...



Bidding Open For Without Reserve Auction Of Whistler, British Columbia Lakefront Residence
PR Newswire (press release)
14, 2018 /PRNewswire/ -- NYC-based Concierge Auctions has announced that the auction of a Whistler estate is now underway and bidding has begun to own the 5,570-square-foot stone chateau with 1,000 linear feet of Nita Lake frontage. Noting the current ...

and more »


Mason City Globe Gazette

Online Auction
Mason City Globe Gazette
Online Auction 350 LOTS OF PERSONAL PROPERTY Location: 202 Willamor Rd, Albert Lea, MN 56007 Bidding Ends Thurs. Aug 16th 7:00PM Railroad Memorabilia - Tools - Yard Equipment – Household As Ann has recently sold her home and is moving ...



Mason City Globe Gazette

Farm Equipment Auction (8/18)
Mason City Globe Gazette
Farm Equipment Retirement Auction John Deere Saturday, August 18, 2018 9:30 AM Directions: From New Richland, 6 miles west on State Hwy. 30, then 5 miles north on 70th St. Watch for auction signs!. Watch for auction signs!!! VERY SHARP ...



ECM Publishers

Brooten Auction
ECM Publishers
Sept. 1 • 10:00 AM. Tractors, antiques & collectibles, farm misc, machinery, shop equipment & tools, household, machinery. Richard & Emma Hanson, Owners. Facebook · Twitter · Email; Print; Save. Load comments. × ...



Channel3000.com - WISC-TV3

A pig is auctioned off four times and raises $10,000 for a cancer fight ...
CNN
Waylon Klitzman was not sentimental about the animal he raised. But he cared deeply about his favorite teacher and hoped the money from the sale would help ...
Teen auctions pig to help favorite teacher, cancer researchChannel3000.com - WISC-TV3

all 25 news articles »


Youngstown Vindicator

MetroParks auctions Clingan Road house donated by Beeghly family
Youngstown Vindicator
MetroParks leaders hope the Clingan Road auction will be a significant piece of the fundraising effort. “We hope with the proceeds of this sale and some of the other donations we've received on behalf of the MetroParks, once we sell the home, we would ...



Brentwood Home Page

Franklin pastors propose historic markers detailing slave auctions, African-American Civil War efforts
Brentwood Home Page
PHOTO: From left, Pastor Kevin Riggs, Pastor Hewitt Sawyers, Battle of Franklin Trust CEO Eric Jacobson, Dr. Chris Williamson after presenting a proposal about historic markers to the Franklin Board of Mayor and Aldermen on Tuesday, August 14, 2018.

and more »

Google News

home | site map
© 2006