Auction Information

An Emerging Market in eBay Consignments: The eBay Trading Post (Part II In A Series)


In 2002, the eBay consignments business was born, referred to by eBay as the Trading Assistant Program.

It's possible that eBay didn't foresee just how much they would benefit form their eBay consignments program. Designed to unite experienced eBay sellers with people who want heir merchandise sold on eBay without having to do it themselves, the Trading Assistant program has enjoyed enormous success.

As big as eBay had become -- larger than all other online auction venues combined -- they were still missing out on a large segment of the population; the technophobes. These people would sell goods on eBay if they had access to a computer and a digital camera, and had the time and inclination to learn how to run an auction. But they either don't have the technology or they lack the desire to become auctioneers, or both. Since they're not on line, they're not likely to learn about Trading Assistants who advertise primarily through eBay. And even if they saw the ads, they probably wouldn't trust them.

You see, people active in the online community are already comfortable with the environment, which has an element of anonymity. But a non-computer person is more likely to want to deal with a real, brick-and-mortar retail business. They may not trust someone who runs auctions out of their home.

How to reach these people? Introducing the concept of the "Trading Post"...

A Trading post is to eBay consignments what the typical consignment shop is to the average community. It's a drop off location that allows consumers to drop their stuff off and have it sold for them as a service. It's a retail location that markets itself to consumers as a local, experienced ebay consignments seller -- a Trading Assistant with a brick-and-mortar store.

While any ebay trading assistant can establish an ebay consignments service out of a retail location, only a Trading Post can put the eBay brand on their physical storefront. (A trading assistant can only advertise inside their store). With this privilege comes a higher standard, ie, eBay has "raised the bar" on their requirements.

A Trading Post must meet the following additional requirements:

-Offers a staffed drop-off location or storefront with regular drop-in hours, so that clients can visit the location without calling ahead.

-Has a feedback score of 500 or higher

-Has at least 98% positive feedback

-Has sales of at least $25,000 on eBay each month

Online, clients can search for Trading Posts specifically, and Trading Posts may receive priority placement in search results. (Yes, even some online clients prefer the retail setting). Also, Trading Posts are displayed with a special icon next to their User ID. If you're a Trading Assistant who also meets the requirements, you automatically qualify as a Trading Post and do not need to take additional steps.

Walt Duflock, Director of the eBay Trading Assistant Program and a real life trading assistant, has announced eBay's intention of having "secret shoppers" and "customer satisfaction surveys" to see if there are certain Trading Post locations eBay would like to support more than others.

Regardless of your status on ebay, there are tools that everyone can use to build their success as TAs, available on the ebay site. I've found many of them quite valuable. For example, among their efficiency tools, they recommend using contact management software. eBay regards this as a great tool for getting "a better understanding of how many prospects it takes to actually create one new client and how long it takes for a client to go from initial contact to hiring you as a TA."

And as far as support, some of the Trading Posts have become so large that they no longer rely on eBay for help. Some have developed their own proprietary systems for tracking customers and inventory, and managing their auctions. The largest and most successful ebay consignment business will even get you started with your own franchise which includes the use of their proprietary systems. All you need to come up with is $55 K plus operating expenses.

But, never fear. You can start your ebay consignment business on a shoestring, and this is how the majority begin. Since 1998, eBay and similar auction sites have been growing by leaps and bounds. eBay consignments are still in their infancy, but I predict a very bright future!

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


Blue Mountain Eagle

Foreclosure auctions considered a success
Blue Mountain Eagle
Grant County earned about $168,000 from an open auction held May 17 to sell tax-foreclosed properties and about $155,000 on a silent auction with bids opening June 15 for the remaining properties. Thirty-one tax-foreclosed properties were deeded to the ...



ECM Publishers

Two Large Collection Auctions
ECM Publishers
July 1 • 11:00 AM. 460 Cokato St W, Cokato, MN. 20+ Gas Engines (hit & Miss), Maytags, alum. trailer, fire fighter collectibles, home furnishings, mower & snowblower, bike, collectibles, gun shop collector retirement, guns parts, wooden duck decoys ...



Nasdaq

China plans to introduce anonymous bond auctions system
Nasdaq
In a notice confirmed by the sources, the China Foreign Exchange Trade System (CFETS), also known as the National Interbank Funding Center, said that the anonymous bond auction system would apply to bonds with high-yield and low-liquidity ...



Minnesota Monthly (blog)

Minnesota's First Fine Arts Auction House
Minnesota Monthly (blog)
Last year, Sean Blanchet and Robert Snell met at the Minnesota Antiques Dealers Association's Antiques and Decorative Arts Show. This year, they came back, young kids in tow, and set up a huge booth together under the name Revere Auctions.



Deadspin

NBA Auctions Off What J.R. Smith Wore When He Lost What Was ...
Deadspin
A token of J.R. Smith's eternal shame is up for sale on the NBA's auction site. “He played 38 minutes and registered 10 points with 2 assists and 6 rebounds,” ...
NBA Auctions JR Smith's Game-Worn Jersey From Game 1 of NBA FinalsSports Illustrated
JR Smith Game 1 jersey up for auction; how much would you bid?cleveland.com
JR Smith's jersey from his infamous Game 1 gaffe in the NBA Finals is up for auctionCBSSports.com
NESN.com -WKYC.com -NBA Auctions
all 54 news articles »


Ridgefield, CT Estate with Award-Winning Gardens Scheduled for Luxury Auction® June 29th
PR Newswire (press release)
RIDGEFIELD, Conn., June 19, 2018 /PRNewswire/ -- Following the successful sale of a 10-acre country home in Redding, CT, Miami-based Platinum Luxury Auctions has announced another, upcoming real estate auction in the town of Ridgefield. On June 29 ...

and more »


HelloGiggles

People are bidding tens of thousands of dollars for this single Dorito
HelloGiggles
It's an experiment gone oh-so-right and delicious. Late last week, Doritos unveiled a dinosaur-sized nacho cheese-flavored chip in partnership with Jurassic World: Fallen Kingdom (in the collaboration of our Jeff Goldblum dreams). And now, for a ...

and more »


FOX5 Las Vegas

Jerry Lewis and movie memorabilia auction at Planet Hollywood
FOX5 Las Vegas
Planet Hollywood Las Vegas Resort & Casino is scheduled to host an auction where famous pop culture items are up for bids, as well as Jerry Lewis's former belongings. Items once owned by Marilyn Monroe, Elvis Presley and Lucille Ball are expected to ...
Jerry Lewis' Daughter Shows Off Her Dad's Personal Items Going ...Inside Edition
Jerry Lewis auction preview: From 'The Nutty Professor' to personal ...News3LV
'Star Wars,' Jerry Lewis, Trump items on auction in Las VegasLas Vegas Review-Journal

all 8 news articles »


Hurriyet Daily News

Turkish Treasury borrows over $1.4B through auctions
Hurriyet Daily News
The Turkish Treasury borrowed a total of 6.72 billion Turkish liras ($1.42 billion) from domestic markets on June 18, according to an official statement.
Turkey's Treasury holds auctions to borrow over $1.5BAnadolu Agency

all 4 news articles »


ColorLines magazine

Family Auctions Rosa Parks' Restored Detroit Home
ColorLines magazine
The Associated Press reports today (June 14) that Guernsey's, an auction house in New York City, plans to sell a house once occupied by Rosa Parks in July. The auction represents the latest chapter in a saga that started when the racial justice ...
Why Buffett's son bought Rosa Parks archiveCNNMoney
Rosa Parks' home has been rebuilt in Berlin - CNN Style - CNN.comCNN.com
Rosa Parks exhibition canceledThe Brown Daily Herald

all 85 news articles »

Google News

home | site map
© 2006