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There has been a flood of publicity generated regarding the "Small Business Opportunity" being offered to would be internet entrepreneurs.
The plan is for you to purchase a franchise operation to sell products on consignment via eBay. Selling on consignment means you take a customer's product into your business, and pay the client the balance of the sales proceeds when and if the item sells.
The parent company guides you through the process of setting up a brick and mortar type of store located in a strip mall or similar location, and shows you how to attract customers using traditional advertising methods by which you sell their items on eBay. Your income is generated after all the fees are subtracted from the franchiser and eBay, along with the related standard business expenses listed below.
All of these items are considered overhead or business operating expenses:
2. Agreeability of Items
3. Bonded Insurance
6. Fiduciary Insurance
7. Fiduciary Responsibility
To start an eBay Consignment Business using this method, you will first be charged a Setup Fee ranging from $5,000 to $15,000 depending on the franchise you choose. There is also a range of fees to be paid to the Franchiser on every sale. You need to do the math for this type of operation after paying the franchise and setup fees to see if it is viable.
Setting Up An eBay Consignment Auction The Right Way
Eliminate the rental or lease and work out of your home. You can easily rent a storage facility for $50-$100/month to store your products, and you can meet your clients there. Remember, they do not expect or need an elaborate storefront; they want their items sold quickly with the least amount of effort.
You can obtain inexpensive insurance to cover the items in your storage facility. Advertise your eBay Consignment Service in local newspaper classified ads for under $20/week, and receive more products than you can handle.
Sign up for the eBay Trading Assistant Program (See my article titled How To Have eBay Send You Less Than Wholesale Product Sources). You will be provided with leads directly from eBay to you.
Obtain an Agreement of Items, which both you and the customer sign. These are available for under $29 at Legal Resource Online.
See the list below for Items to target in local classified ads. Indicate in your ad that you will sell items for "No Fee Charged - Pay Small Percentage of Sale"
* Computer Hardware/Software
* Toys and Video Games
* Consumer Electronics
* Antiques & Collectibles
* Jewelry/Luxury Goods
* Clothing & Accessories
* Sporting Goods
* eBay Auto Parts & Accessories
Services You Offer To Your Customer:
1. Inspect their product to make sure it is acceptable for sale.
2. Take photos of their product; then write the copy and design a professional ad and place it on eBay.
3. When the product is sold, process the payment securely, taking out your percentage, in addition to the shipping and handling charges.
4. If the product does not sell after placing the first ad, it is relisted at no charge.
If the product doesn't sell the second time, it can either be picked up by the customer, or donated to charity.
5. Packaging and shipping the product to the eBay buyer.
6. Mailing checks to the customer.
Setting up an eBay Consignment Business the correct way can allow you to start generating income in a short amount of time with limited expense!
Check out my new eBay Training on DVD's simple easy to follow steps on how to make money on eBay
MUMBAI (Reuters) - Indian tax authorities raised about $8 million in an auction on Tuesday of rare oil paintings that were once part of fugitive billionaire jeweler ...
U.S. government bond prices were little changed Tuesday as investors braced for a *fresh* supply of Treasury and corporate bonds this week.
This *content* is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
Long-term U.S. government debt yields snapped their recent streak of declines Tuesday following a steep fall over the past week.
Feast your eyes on some of the best that the upcoming Mecum Auctions show at NRG Center has to offer. The auction will be held April 4 through 6 at NRG ...
A Thomaston auction house was advertising a Ku Klux Klan token on its website Tuesday but has since pulled the item from a planned auction. The back side of ...
The proceeds of the auction will go to the Greater Hartford Harm Reduction Coalition.
A greenish-white jade “Twin Fish” washer (or washing bowl) from China's Qing Dynasty fetched US$2.9 million after eight minutes of spirited bidding during a ...
NEW YORK, March 26, 2019 /PRNewswire/ -- A 7,000-square-foot villa located in the exclusive enclave of Miami's oldest neighborhood, Coconut Grove, will sell ...
Eccentric artist Dominic Allan - who goes by the name Dominic of Luton - photographed his dad's underwear drying on a radiator for a work he has titled “My ...
The company's next three-day auction will be held at Tulsa's River Spirit Expo on June 6 – 8 TULSA, OK, March 26, 2019 /PRNewswire/ - Gary Bennett began ...
As all online advertising exchanges – including Google – switch to a first-price auction format, marketers and publishers can trust they will be run fairly.
GENESEO, N.Y. — Two rediscovered marble busts by the French Eighteenth Century sculptor Jean-Antoine Houdon (1741–1828) sold at Cottone Auctions' sale ...
Every Thursday evening, Calli Moore posts an image of an artwork on Instagram, and her followers have a week to bid on it.
Europe's largest economy is taking its first steps towards building a next-generation mobile network. Germany's 5G bandwidth spectrum auctions began ...
The Independent Electricity System Operator (IESO) in the Canadian province of Ontario has revealed plans to launch annual capacity auctions in a bid to ...
A baseball bat once wielded by Babe Ruth sold for $156000 Sunday night at an auction. Read more on Boston.com.
A 1955 Mercedes-Benz 300 SL Gullwing coupe owned by pop superstar Adam Levine, front man for Maroon 5, will be auctioned during RM Auction's sale in ...
To the programmatic ad vet, unified ad auctions are nothing new. But it's only in 2019 that they will become the default, thanks to Google entering the fray.
Google will move to first-price auctions for Google Ad Manager, its publisher exchange and ad server, by the end of 2019. At that time, it will also run a single, ...
Amid a buyers' market, top end luxury home sellers in South Florida turn to auctions to move their properties.
Six private collections containing a diverse trove of collector cars have been lined up for RM Sotheby's 17th annual auction in Fort Lauderdale, Florida.
A Marco Island home owned by drummer Tony Zarrella, who played with some of the original members of the rock band KISS, is going to auction this month.
If you are looking for a 9000-square-foot office building, the Wood County Board of Developmental Disabilities has one for sale.
An online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales ...
On Thursday, 28 March at 11:00 a.m. Government Debt Management will conduct an auction of Treasury bills RIKV 19 1115 which mature on 15 November ...
Sonoma County Vintners have announced that 84 “never before, never again” wines will be auctioned at the fifth annual Sonoma County Barrel Auction.
Google's ad exchange is finally following its programmatic peers and moving to a first-price auction model, but they can be costly for advertisers.
America's top charity wine auctions found success in 2018 with winemaker dinners featuring renowned chefs and live entertainment. And many also succeeded ...
PARIS, March 26, 2019 /PRNewswire/ -- Artprice and its CEO thierry Ehrmann are proud to present the 50 greatest artworks sold at auction last year. In the first ...
The timepiece, part of Geneva Watch Auction: NINE in May, was completed in 1940 by Vacheron Constantin.
Mexico City — The Mexican government plans to carry out an accelerated energy transition based on a decentralized electric system, with distributed generation ...
The Maroon 5 frontman has owned the sports car for the last six years.
Cars raced on NASCAR tracks by Dale Earnhardt Jr. and dad Dale Sr. will be auctioned in Glendale, Arizona, along with limited edition cars including one of the ...
Over the weekend, a pigeon sold for $1.4 million in an auction. But it's not just any old New York City pigeon — you know the kind who eats scraps of discarded ...
Mecum Auctions is scheduled to send three of the late Dale Earnhardt Sr.'s NASCAR race cars across the block on Saturday, each with six-figure auction ...
The Apache Livestock Auction, Apache, Oklahoma. reported receipts of 2861 head selling March 21, compared to 1228 head a week ago and 1333 head last ...
ROGERSVILLE — The auction sale of the Hawkins County Memorial Gardens cemetery has fallen through, and the property that was the subject of a massive ...
With over 750 lots to bid on, the first-ever auction for the Marvel Television properties boasts original costumes, props and set decorations.
TULSA, Okla. - Dozens of high-performance vehicles seized by federal authorities after one of the largest pot busts in Tulsa history went on the auction block ...
Demand for government bonds is growing as investors weigh the Fed's next interest-rate moves. Domestic investors purchased a record of roughly 55% of the ...
OSWEGO — The Oswego County Historical Society (OCHS) will host its 32nd annual “Not So Silent Auction” fund-raiser from 6-8:30 a.m. April 5 at the American ...
A Dale Earnhardt Sr. race car billed at auction as “one of the most famous cars in the history of NASCAR” is not the original, his longtime friend and team owner ...
Former San Antonio City Manager Sheryl Sculley is auctioning her personal collection of Fiesta medals, sashes and gear for a good cause.
Julien's Auctions will bring down the hammer on the sale of SD_10 (aka The Mothership), a 200-by-400-inch mosaic by the street artist Invader in April. Then the ...
HANCOCK, COUNTY, Il (WGEM) — Area farmers got the chance to save money on equipment in Hancock County Thursday at one of the largest farm auctions ...
The Federal Communications Commission's auction of 24 GHz spectrum has garnered more than $1.409 billion in bids after eight business days and 23 rounds.
Prized pigs brought home a pretty penny for Deaton Show Pigs of Helena over the weekend.
Two auctions are coming to Witherell's auction house, featuring works by well-known Sacramento artists like Ruth Rippon, Gregory Kondos and Jack Ogden.
Judy Devine will be the Guest of Honor at Kent State's 8th Annual Athletics Scholarship Auction Presented by Aramark on Friday, April 26. Fans can meet Devine ...
Geneseo, N. Y. (13WHAM) - About one year ago, auctioneer Sam Cottone got his hands on two unique pieces of art. A local family for whom he helped sell items ...
Hall of Fame center Kareem Abdul-Jabbar has put four of his NBA championship rings up for auction. Abdul-Jabbar has hundreds of items from his memorabilia ...
The Key Bank tower is set to be auctioned again, after an earlier auction apparently failed to secure a winning bid. An online auction for the downtown Dayton ...
A unique prototype Coca-Cola bottle could sell for up to $150,000 when it goes up for sale at Morphy Auctions next month. The extremely important glass bottle ...
A piece of Nashville Sounds history is up for auction, as bids are being accepted for the guitar scoreboard from Greer Stadium.
Maui County Department of Environmental Management will be holding an auction of abandoned vehicles Friday at the storage facility at the intersection of ...
India's central bank accepted the $5 billion it targeted from banks at its currency swap auction to ease liquidity ahead of the financial year-end this month.
In case you were sleeping, a Louisville Slugger once swung by Babe Ruth himself sold at auction Sunday night for $156000 to a private collector who placed the ...
Fans can own a piece of NBA history thanks to Lakers legend Kareem Abdul-Jabbar. The basketball great is auctioning off hundreds of pieces of memorabilia ...
Doing a March Madness auction this year? Collin Wilson gives tips, strategy and his 2019 picks to dominate your Calcutta pool.
By Laura Sperber – Legend Numismatics ...... We've just spent the past two weeks jetting up and down the West Coast to do business with only a day.
Say some proceeds could be used to closing digital divide.
A series of letters from Albert Einstein will be auctioned later this week, with the messages touching on a number of topics, including his thoughts on Jewish ...
Dutch researchers concluded that blue and red paintings spark nearly 20% higher bids at auctions in the US, China, and the Netherlands. Jasmine WeberMarch ...
A surplus auto auction operated by an Ohio agency that oversees the state's vehicle fleet is failing to disclose serious safety defects to potential buyers.
On March 12, Heritage Auctions announced its total annual sales for 2018 surpassed $826 million, setting more than a dozen world record sales as total online ...
Tickets are still available and online bidding has begun for this Sunday's fundraiser organized by the North San Diego and Poway Soroptimist International ...
The US auction of millimeter wave 24GHz 5G spectrum has easily surpassed $1 billion in proceeds during the initial phase of tenders. Bids hit $1,409,902,875 ...
Mecum Auctions, a well-known collector-car auction company, is hosting its first Arizona auction at State Farm Stadium in Glendale.
The sale saw records broken for Tschabalala Self and Rose Wylie, and a fevered bidding war over a large Cecily Brown painting.
It's expected to fetch $100000 at a sale that ends Sunday.
After an apparent celebration kicking off the return to 11 White History Months in a row, administrators at an exclusive private school in New York are scrambling ...
OAK PARK, Ill., March 26, 2019 /PRNewswire/ -- Target Auction Company is offering at online auction the historic Bishops Hall located at 605 Iowa Street, Oak ...
A Lou Geherig cap was auctioned off for $312000. It belonged to one of his history's most beloved players, and has an amazing back story.
The sale, to be held in tropical Northern Australia, is another example of blockchain in the property sector.
If you're looking for hardwood floors made from Brazilian cherry, a brand-new stove or a government-made generator, you might want to head to the old Beede ...
DAYTONA BEACH — With the Streamline Hotel set to hit the auction block April 1, now a second beachside hotel is being put up for bids next month: the La ...
Updates with economists' comments. The Central Bank of Turkey announced on Friday it had suspended one-week repo auctions for an undefined length of ...
Collector George Cook credited for establishing one of the most comprehensive and complete collections in North American history The world's most.
Nearly a third of iron ore supplies to domestic steel mills could be disrupted if the auction of 33 mines whose leases are slated to expire in March next year are ...
The Humane Society of Fulton County's annual Paws to Celebrate dinner auction held Saturday at Big Horse Vineyards proved to be a success as it brought in a ...
The Whitesville Lions Club will be hosting its annual Chili Supper and Pie Auction.
W&T Offshore, Inc WTI became the highest bidder on 15 blocks in the auction held by the Bureau of Ocean Energy Management ("BOEM") for U.S. Gulf.
The Farmers and Ranchers Livestock Commission Co., Salina, Kansas, reported receipts of 4646 head selling March 21, compared to 1970 head a week ago ...
The handmade masterpiece by the late George Daniels is expected to sell for US$1.5 million.
Last September, wealthy horse buyers, breeders and trainers from around the world descended on Lexington, Ky., to spend more than $377 million at the most ...
Questions of authenticity linger after the Mecum Auctions offering of supposed Dale Earnhardt cars driven by the champ in NASCAR.
An online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales ...
The sale's top lot was a Machine Man robot from Japanese maker Masudaya's Gang of 5 series. The robot sold for $86,100, an auction record any unboxed ...
Bring a metal detector as well as your checkbook if you're going to the auction of the Bates place. Gold and silver coins may be hidden somewhere within the ...
News. The blockchain-based art registry startup Artory has acquired auction house database Auction Club, according to a tweet from Artory on March 21.
Mailey Yazzie dances a fancy dance before The Russell Live Auction on Saturday night in the Great Falls Civic Auditorium.
Freeman's, the venerable Center City auction house, is putting its longtime headquarters building up for sale as it plans a move to a yet-to-be identified home ...
The bottle of 60-year-old Macallan scotch whisky sports a label designed by Sir Peter Blake, the Sgt. Pepper's album cover artist.
PHOENIX – As many of the top fantasy baseball industry analysts gathered for the 26th annual League of Alternative Baseball Reality auctions, a sense of loss ...
Join other aficionados at the National Capital Orchid Society's Annual Orchid Auction, and bid on rare orchid varieties! Once you've been bitten by the orchid ...
The preview and pre-registration period for the first government surplus auction of 2019 has officially opened! Furniture, computers, bicycles, electronics and ...
Japanese government bond yields rose from two-year lows on Tuesday after soft results of a 40-year JGB auction and as domestic shares rebounded after ...
In 1914, some kid named Babe Ruth showed real promise in his pro baseball debut. This “St. Mary's schoolboy is going to do plenty of twirling,'' the Baltimore ...
On the first Thursday in March, in the colorful city of Oaxaca, Mexico, two men in knit ponchos began a bidding war over a six-eyed goat. The enthusiastic ...
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