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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.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. March / 28 / 2024

'Titanic' Door Prop That Saved Rose (Sorry, Jack) Sells for $718750 - The New York Times
  1. 'Titanic' Door Prop That Saved Rose (Sorry, Jack) Sells for $718750  The New York Times
  2. ‘Titanic’ Door that Saved Rose (But Not Jack) Fetches Six Figures at Auction  ARTnews
  3. Titanic prop that saved Rose and sparked debate fetches $700k at auction  NPR

NBA Star Ben Simmons' $17.5 Million Los Angeles Mansion Heads To Auction - Forbes
NBA Star Ben Simmons' $17.5 Million Los Angeles Mansion Heads To Auction  Forbes

Treasury Auctions Attract Better Demand. This Is What Has Changed. - Barron's
Treasury Auctions Attract Better Demand. This Is What Has Changed.  Barron's

Refiner Citgo set to open data room for bidders tied to court auction - Reuters
Refiner Citgo set to open data room for bidders tied to court auction  Reuters

Large Collection of St. Louis Neon Signs and Memorabilia to be Sold at Auction - nextstl.com
Large Collection of St. Louis Neon Signs and Memorabilia to be Sold at Auction  nextstl.com

New England Offshore Wind Auction Attracts Four Bidders | Offshore Wind - Offshore WIND
New England Offshore Wind Auction Attracts Four Bidders | Offshore Wind  Offshore WIND

Oklahoma's largest no-kill sanctuary hosts art auction to raise funds, continue caring for animals - KOCO Oklahoma City
Oklahoma's largest no-kill sanctuary hosts art auction to raise funds, continue caring for animals  KOCO Oklahoma City

NC auctions off abandoned safe deposit boxes - WFMYNews2.com
NC auctions off abandoned safe deposit boxes  WFMYNews2.com

Tilda Swinton bedtime story among Cinema for Gaza auction lots - The Guardian
Tilda Swinton bedtime story among Cinema for Gaza auction lots  The Guardian

Cascade Galleria to be put up for auction - New Castle News
Cascade Galleria to be put up for auction  New Castle News

This controversial "Titanic" prop has spawned decades of debate — and it just sold for $700,000 - CBS News
This controversial "Titanic" prop has spawned decades of debate — and it just sold for $700,000  CBS News

Iconic 'Titanic' door prop that saved Kate Winslet sells at auction for over $700K - KEYE TV CBS Austin
Iconic 'Titanic' door prop that saved Kate Winslet sells at auction for over $700K  KEYE TV CBS Austin

Crypt near Marilyn Monroe and Hugh Hefner could fetch $400,000 at auction - CNN
Crypt near Marilyn Monroe and Hugh Hefner could fetch $400,000 at auction  CNN

Infamous 'Titanic' door sells for staggering €663000 at auction - Euronews
Infamous 'Titanic' door sells for staggering €663000 at auction  Euronews

What Happens to Fashion After It's Sold at Auction - The Business of Fashion
What Happens to Fashion After It's Sold at Auction  The Business of Fashion

Auction brings more than $7.5 million for Ponte Vedra Beach home | Jax Daily Record - Jacksonville Daily Record
Auction brings more than $7.5 million for Ponte Vedra Beach home | Jax Daily Record  Jacksonville Daily Record

Nigeria's central bank auctions one-year bill at high yield to draw investors - TradingView
Nigeria's central bank auctions one-year bill at high yield to draw investors  TradingView

Tilda Swinton Bedtime Story Read and Josh O’Connor Porridge-Making Lesson Among Auction Lots Raising Money for Gaza - Variety
Tilda Swinton Bedtime Story Read and Josh O’Connor Porridge-Making Lesson Among Auction Lots Raising Money for Gaza  Variety

The Now Evening Auction at Sothebys Hong Kong on artnet - Artnet
The Now Evening Auction at Sothebys Hong Kong on artnet  Artnet

Sotheby’s to Sell Painting by Andy Warhol and Jean-Michel Basquiat - Observer
Sotheby’s to Sell Painting by Andy Warhol and Jean-Michel Basquiat  Observer

Young auctioneer continues family legacy – The Daily Texan - The Daily Texan
Young auctioneer continues family legacy – The Daily Texan  The Daily Texan

‘Titanic’ driftwood ‘door’ that saved Rose sells at auction for $700K - The Washington Post
‘Titanic’ driftwood ‘door’ that saved Rose sells at auction for $700K  The Washington Post

‘Titanic’ Door That Rose Used After The Sinking Tops Planet Hollywood Auction - Deadline
‘Titanic’ Door That Rose Used After The Sinking Tops Planet Hollywood Auction  Deadline

This controversial ‘Titanic’ prop sold for more than $700,000 at a memorabilia auction - CNN
This controversial ‘Titanic’ prop sold for more than $700,000 at a memorabilia auction  CNN

Citigroup Inc. Has $256000 Stock Position in ACV Auctions Inc. (NASDAQ:ACVA) - Defense World
Citigroup Inc. Has $256000 Stock Position in ACV Auctions Inc. (NASDAQ:ACVA)  Defense World

Lady Gaga and Amy Winehouse's letters to Tony Bennett heading to auction - NME
Lady Gaga and Amy Winehouse's letters to Tony Bennett heading to auction  NME

Letters from five former presidents to Tony Bennett are going up for auction - The Hill
Letters from five former presidents to Tony Bennett are going up for auction  The Hill

One of Michael Jackson's iconic 'Thriller' jackets is up for auction - NME
One of Michael Jackson's iconic 'Thriller' jackets is up for auction  NME

Lady Gaga, Amy Winehouse, Martin Luther King Jr.’s Letters to Tony Bennett Being Offered at Auction - Variety
Lady Gaga, Amy Winehouse, Martin Luther King Jr.’s Letters to Tony Bennett Being Offered at Auction  Variety

Libby's Property in Paterson Set for Auction | Paterson, NJ News TAPinto - TAPinto.net
Libby's Property in Paterson Set for Auction | Paterson, NJ News TAPinto  TAPinto.net

Controversial ‘Titanic’ movie prop auctioned for more than $700,000 - NBC DFW
Controversial ‘Titanic’ movie prop auctioned for more than $700,000  NBC DFW

Tomb near Marilyn Monroe, Hugh Hefner up at auction - Washington Times
Tomb near Marilyn Monroe, Hugh Hefner up at auction  Washington Times

Treasury Auction Relief Rally and Month-End Support - Mortgage News Daily
Treasury Auction Relief Rally and Month-End Support  Mortgage News Daily

Sotheby's Doubles Down on Athletic Collectibles With 'Sports Week' Auctions - Investopedia
Sotheby's Doubles Down on Athletic Collectibles With 'Sports Week' Auctions  Investopedia

Behind the scenes of Pennsylvania’s Treasury vault auction - ABC27
Behind the scenes of Pennsylvania’s Treasury vault auction  ABC27

The ‘Titanic’ Door That Could’ve Saved Jack Just Fetched $718,750 at Auction - Robb Report
The ‘Titanic’ Door That Could’ve Saved Jack Just Fetched $718,750 at Auction  Robb Report

Props from ‘Titanic’ and ‘Indiana Jones’ Earn Six Figures at Auction $525,000 - Barron's
Props from ‘Titanic’ and ‘Indiana Jones’ Earn Six Figures at Auction $525,000  Barron's

Unclaimed property auction scheduled for March 27 - CBS Pittsburgh
Unclaimed property auction scheduled for March 27  CBS Pittsburgh

Winning Offshore Wind Auctions in a Changing Market - BCG
Winning Offshore Wind Auctions in a Changing Market  BCG

Tony Bennett Auction To Feature Cartier, Rolex Watches - HODINKEE
Tony Bennett Auction To Feature Cartier, Rolex Watches  HODINKEE

Titanic 'door' prop that kept Rose alive sells for $718,750 - BBC.com
Titanic 'door' prop that kept Rose alive sells for $718,750  BBC.com

This 1916 Babe Ruth Rookie Card Was a Store Giveaway. Now It Could Fetch $500,000 at Auction. - Robb Report
This 1916 Babe Ruth Rookie Card Was a Store Giveaway. Now It Could Fetch $500,000 at Auction.  Robb Report

Pickens Auctions Annual Spring 24 Equipment Sale at Payne County Expo Center - Visit Stillwater, Oklahoma
Pickens Auctions Annual Spring 24 Equipment Sale at Payne County Expo Center  Visit Stillwater, Oklahoma

Controversial 'Titanic' Prop Door Sells For $700K At Auction - The Daily Wire
Controversial 'Titanic' Prop Door Sells For $700K At Auction  The Daily Wire

Spotlight: Brazil's key auctions in April - BNamericas English
Spotlight: Brazil's key auctions in April  BNamericas English

CBI auctions +$254 million in forex on Thursday - Shafaq News - Shafaq News
CBI auctions +$254 million in forex on Thursday - Shafaq News  Shafaq News

JM Wood Holds Spring 2024 Auction in Montgomery, Alabama : CEG - Construction Equipment Guide
JM Wood Holds Spring 2024 Auction in Montgomery, Alabama : CEG  Construction Equipment Guide

American Queen Cruise Ship Fleet Heading to Auction - Cruise Industry News
American Queen Cruise Ship Fleet Heading to Auction  Cruise Industry News

Infamous 'Titanic' floating door sells for more than $700000 in Texas - Chron
Infamous 'Titanic' floating door sells for more than $700000 in Texas  Chron

How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia - The New Yorker
How Julien’s Auctions Leads the Booming Market in Celebrity Memorabilia  The New Yorker

'Titanic' floating door prop that saved Rose — but sadly not Jack — auctioned off for startling amount - New York Post
'Titanic' floating door prop that saved Rose — but sadly not Jack — auctioned off for startling amount  New York Post

New England Offshore Wind Auction Draws Multiple Bidders - MarineLink
New England Offshore Wind Auction Draws Multiple Bidders  MarineLink

‘Never let go’: ‘Titanic’ door prop sold at auction - WPXI Pittsburgh
‘Never let go’: ‘Titanic’ door prop sold at auction  WPXI Pittsburgh

Controversial 'Titanic' door sells for over $700K at auction - New York Daily News
Controversial 'Titanic' door sells for over $700K at auction  New York Daily News

2024 fantasy baseball draft sheet: Downloadable auction values and stats for 650 players - The Athletic
2024 fantasy baseball draft sheet: Downloadable auction values and stats for 650 players  The Athletic

Disney concept art, audio-animatronics available for bidding during upcoming auction - KTLA Los Angeles
Disney concept art, audio-animatronics available for bidding during upcoming auction  KTLA Los Angeles

Wood panel from Titanic fetches more than $700k at Dallas auction - The Dallas Morning News
Wood panel from Titanic fetches more than $700k at Dallas auction  The Dallas Morning News

Tilda Swinton, Brian Cox and ‘Saltburn’ Star Alison Oliver Items Up for Auction to Aid Palestinians in Gaza - Hollywood Reporter
Tilda Swinton, Brian Cox and ‘Saltburn’ Star Alison Oliver Items Up for Auction to Aid Palestinians in Gaza  Hollywood Reporter

Mixed Performance. Data Hurt. Auction Helped. Little Changed - Mortgage News Daily
Mixed Performance. Data Hurt. Auction Helped. Little Changed  Mortgage News Daily

Sotheby's To Hold Rough Diamonds Watch Sale In April - HODINKEE
Sotheby's To Hold Rough Diamonds Watch Sale In April  HODINKEE

Controversial ‘Titanic’ prop sells big at auction - KTLA Los Angeles
Controversial ‘Titanic’ prop sells big at auction  KTLA Los Angeles

Forrest Gump Nike Cortez Auction $57,000 - Complex
Forrest Gump Nike Cortez Auction $57,000  Complex

'Titanic' door sells for over $700k at auction - Entertainment Weekly News
'Titanic' door sells for over $700k at auction  Entertainment Weekly News

Tobey Maguire's Black Symbiote Suit From 'Spider-Man 3' Is Up for Auction - HYPEBEAST
Tobey Maguire's Black Symbiote Suit From 'Spider-Man 3' Is Up for Auction  HYPEBEAST

Titanic 'Door' Sells Big at Auction, Reignites Major Debate | TIME - TIME
Titanic 'Door' Sells Big at Auction, Reignites Major Debate | TIME  TIME

SOLD! 230-acre Iowa century farm brings nearly $4 million at auction - Successful Farming
SOLD! 230-acre Iowa century farm brings nearly $4 million at auction  Successful Farming

RE: Audi R8 | PH Auction Block - Page 1 - General Gassing - PistonHeads
RE: Audi R8 | PH Auction Block - Page 1 - General Gassing  PistonHeads

Business Card Signed by Steve Jobs Fetches $181K USD at Auction - HYPEBEAST
Business Card Signed by Steve Jobs Fetches $181K USD at Auction  HYPEBEAST

Jeff, "The Liquidator" partners with Major Partner Donors to support the Memorial Ribbon Society of Canada in this ... - 24-7 Press Release
Jeff, "The Liquidator" partners with Major Partner Donors to support the Memorial Ribbon Society of Canada in this ...  24-7 Press Release

‘Titanic’ Door That Jack Tragically Couldn’t Fit on Nabs More Than $718,000 at Auction - Rolling Stone
‘Titanic’ Door That Jack Tragically Couldn’t Fit on Nabs More Than $718,000 at Auction  Rolling Stone

Kobe Bryant's 2000 NBA championship ring gifted to his father is up for auction - Los Angeles Times
Kobe Bryant's 2000 NBA championship ring gifted to his father is up for auction  Los Angeles Times

Auction of Pattie Boyd's trove of treasures surpasses expectations as it nets $3.6 million - ABC News
Auction of Pattie Boyd's trove of treasures surpasses expectations as it nets $3.6 million  ABC News

Marilyn Monroe, Hugh Hefner-adjacent crypt in L.A. at auction - CTV News
Marilyn Monroe, Hugh Hefner-adjacent crypt in L.A. at auction  CTV News

Auction Calendar 3-29-24 - AgUpdate
Auction Calendar 3-29-24  AgUpdate

Steve Jobs signed Apple Computer business card achieves over $180000 at auction — about 14X more expensive ... - Tom's Hardware
Steve Jobs signed Apple Computer business card achieves over $180000 at auction — about 14X more expensive ...  Tom's Hardware

This controversial 'Titanic' prop sold for more than US$700000 at a memorabilia auction - CTV News
This controversial 'Titanic' prop sold for more than US$700000 at a memorabilia auction  CTV News

Ben Simmons's $17.5 Million Hidden Hills Mansion Is Headed to Auction - Yahoo Canada Shine On
Ben Simmons's $17.5 Million Hidden Hills Mansion Is Headed to Auction  Yahoo Canada Shine On

GM Financial Announces 2023 Auction of the Year Winners - Collision Repair Mag
GM Financial Announces 2023 Auction of the Year Winners  Collision Repair Mag

Titanic's Floating Door Sells for Whopping $718750 at Auction, Beating Indiana Jones' Bullwhip - PEOPLE
Titanic's Floating Door Sells for Whopping $718750 at Auction, Beating Indiana Jones' Bullwhip  PEOPLE

Online Pennsylvania unclaimed property auction being held this week; here's what you can bid on - Yahoo! Voices
Online Pennsylvania unclaimed property auction being held this week; here's what you can bid on  Yahoo! Voices

'Titanic' Prop Door Sells for $718000 at Auction - Us Weekly
'Titanic' Prop Door Sells for $718000 at Auction  Us Weekly

'Titanic' Door That Saved Kate Winslet's Character's Life Sold at Auction - Men's Journal
'Titanic' Door That Saved Kate Winslet's Character's Life Sold at Auction  Men's Journal

Kobe Bryant's father auctions off late athlete's first NBA championship ring - Page Six
Kobe Bryant's father auctions off late athlete's first NBA championship ring  Page Six

Francis Bacon's Portrait of a Tragic Lover Goes to Auction for the First Time - Hyperallergic
Francis Bacon's Portrait of a Tragic Lover Goes to Auction for the First Time  Hyperallergic

Wholesale Market Report: Most Notable Corvette Auction Activity [3/27/2024] - CorvSport.com
Wholesale Market Report: Most Notable Corvette Auction Activity [3/27/2024]  CorvSport.com

Britney Spears' 2012 'X Factor' chainmail halter top up for auction, could fetch five figures - Page Six
Britney Spears' 2012 'X Factor' chainmail halter top up for auction, could fetch five figures  Page Six

Dorchester Development Site Heads To Auction Following Legal Battle - Bisnow
Dorchester Development Site Heads To Auction Following Legal Battle  Bisnow

A Boom in Luxury Home Auctions Is a Boon to Buyers - Mansion Global
A Boom in Luxury Home Auctions Is a Boon to Buyers  Mansion Global

First Tesla Cybertruck Listed At Online Auction Fails To Meet Reserve - Forbes
First Tesla Cybertruck Listed At Online Auction Fails To Meet Reserve  Forbes

Tamil Nadu Temple Auctions 9 Sacred Lemons For Whopping ₹2.36 Lakh For THIS Reason - Curly Tales
Tamil Nadu Temple Auctions 9 Sacred Lemons For Whopping ₹2.36 Lakh For THIS Reason  Curly Tales

Sales at currency auction double for 1st Q in Azerbaijan - AzerNews.Az
Sales at currency auction double for 1st Q in Azerbaijan  AzerNews.Az

Nearly pristine copy of first-ever Superman comic expected to sell for record-breaking price at auction - New York Post
Nearly pristine copy of first-ever Superman comic expected to sell for record-breaking price at auction  New York Post

Capitals Announce MSE Foundation Cherry Blossom Jersey Auction | Washington Capitals - NHL.com
Capitals Announce MSE Foundation Cherry Blossom Jersey Auction | Washington Capitals  NHL.com

Karl Lagerfeld’s Paris Apartment Fetches Over $10M at Auction - Prestige Online Hong Kong
Karl Lagerfeld’s Paris Apartment Fetches Over $10M at Auction  Prestige Online Hong Kong

Washington State’s emissions allowance program held its first auctions in 2023 - U.S. Energy Information Administration - EIA
Washington State’s emissions allowance program held its first auctions in 2023 - U.S. Energy Information Administration  EIA

Here's What We Know About the Anchor Brewing Company Auction, As It Stands - SFist
Here's What We Know About the Anchor Brewing Company Auction, As It Stands  SFist

Pattie Boyd memorabilia sells for almost £3m at auction - The Guardian
Pattie Boyd memorabilia sells for almost £3m at auction  The Guardian

Cars, trucks, and jewelry: Jacksonville Sheriff’s Office to hold property auction end of March - ActionNewsJax.com
Cars, trucks, and jewelry: Jacksonville Sheriff’s Office to hold property auction end of March  ActionNewsJax.com

Karl Lagerfeld's Paris Apartment Sells for 10M Euros - WWD
Karl Lagerfeld's Paris Apartment Sells for 10M Euros  WWD

Disney concept art, rare memorabilia available in upcoming auction - MSN
Disney concept art, rare memorabilia available in upcoming auction  MSN

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