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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
by Bill Brandimore. There were no big auctions in July so I focused on moderately priced notes in Heritage weekly auctions. As I mentioned a few columns ago ...
Former President Barack Obama's game-worn high school basketball jersey – nearly lost forever in the trash – has sold at auction for $120000.
Oh, hello there. Did you go to Monterey Car Week this year? Did you have an opulent time? Did you drink opulent shooters, listen to opulent music? No? Good ...
U.S. government debt yields climbed as a more positive market and economic outlook goaded investors back into riskier assets.
Class-action lawsuit against Ingham County maintains auction profits should go back to homeowners who lost property.
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Editor's Note: This is the second in a three-part series on the auto auction operations of KAR Auction Services. Part I discusses the focus on revenue per unit at ...
These are some of the most expensive cars that sold in Monterey, California.
Real Estate and Estate Auction • 10:00 a.m.. 11788 85th Ave Milaca, from intersection fo Hwy 169 and 23 in Milaca, continue east on 23 1/4 mile to CR 2, then ...
HURON COUNTY, Ohio - The generosity of a 7th grader went viral after he auctioned off a large pig at a local fair in Ohio, donating all of the $15,000 he made to ...
Although Bonhams and RM Sotheby's added an early and extra day to the annual collector car auctions that take place during Monterey Car Week 2019, with ...
In 2017, an anonymous buyer paid $450 million for Leonardo da Vinci's "Salvator Mundi." But it was down to Alex Rotter, on the other end of the telephone, ...
1994 McLaren F1 'LM-Specification' Andrei Diomidov/RM Sotheby's. A 1994 McLaren F1 with LM-specifications — a suite of upgrades based on McLaren's ...
Editor's Note: This is the first in a three-part series on the auto auction operations of KAR Auction Services. Part II discusses the alignment of sales forces at ...
While previous buyers passed on 18 oddly shaped and nearly unbuildable tax title properties for sale at the county, a group of investors and adjacent ...
A Sleepy Eye man's lifetime collection of farm equipment and more than 120 collector's vehicles sold Aug. 17 at his estate.
If you are one of the many creditors owed money by J Levine Auctions, it may have just become harder to collect anything.
A complete set of first-edition Pokemon cards from 1999 has sold for $107,010 at auction. The collection, comprising of 103 cards, was sold in mint condition and ...
For the wealthy collectors who converge from across the globe on Monterey Car Week, the biggest spectator sport over the weekend is the auctions.
ST. LOUIS - Bob Gibson's game-worn jersey from the Cardinals' 1964 season netted $66000 at auction over the weekend. Robert Edward Auctions launched ...
Fall Consignment Auction • 9:00 a.m.. Held at the Mid-American Auction Co. office and auction lot (home of the Hay Auction), located by exiting Interstate 94 at ...
Elvis Presley's pal Wink Martindale reveals why he 'broke down' after seeing The King for the last time. Radio personality and game show host Wink Martindale ...
The Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport.
The Monterey car auctions are a time of wealth and wheels. Here are the 30 most expensive cars being auctioned off this week.
A couple fairly quiet weeks coming up, with just two sales I'm watching this week:
Phoenix, AZ (KNXV) -- It's been a passion of his for more than 50 years, and one he didn't think he'd have to part with so soon. “For some, it kind of makes you a ...
Matthew Broderick and Alan Ruck weren't the only stars to appear in the classic 1986 film “Ferris Bueller's Day Off.” A shiny, red Ferrari lookalike all but stole the ...
There's a bumper crop of over 100 classic cars coming up for auction in Minnesota this Saturday. (VanDerBrink Auctions). The vehicles were owned by a farmer ...
From a 1939 Porsche to two ferocious Ferraris from the '50s to a 1995 Vector M12, these are the best vehicles up for auction at Monterey Car Week 2019.
From metal, to siding, to lumber, and bathtubs, a lot is up for auction this weekend in Sapulpa.
DALLAS (CBSDFW.COM) – Time is running out for anyone wanting to bid on a high school basketball jersey believed to have been worn by President Barack ...
After nearly two years on the market, a Gilded Age waterfront mansion in Bar Harbor located along a stretch of shoreline formerly known as “Millionaire's Row” is ...
DALLAS, Aug. 14, 2019 /PRNewswire/ -- Williams & Williams, a leader in global live and interactive real estate auctions, will offer a portfolio of real estate for the ...
Marilyn Monroe costumes from 'Gentlemen Prefer Blondes,' 'There's No Business Like Show Business' and 'River of No Return' are among the 115 items that ...
A super-rare 1994 McLaren F1 LM-Specification hammered for $19.8 million at the RM Sotheby's auction over the weekend in Monterey. Meanwhile, a 1965 ...
For more than two decades, Alan Schurman's famous Iron Ranch wowed people of all ages with its extensive collection of historic machinery and relics of a ...
Elvis Presley not only liked peanut-butter-bacon-and-banana sandwiches, he also loved cars. The King owned more than 100 automobiles, including several ...
An auction house selling the jersey, which the former president is believed to have worn while playing in high school, says it could fetch that much when bidding ...
If talk of a potential recession has got you down, don't worry: Here's another story about a collector spending an insane amount of money on whiskey to prove ...
OSWEGO — The annual Oswego County Tax Auction is set to take place Oct. 5, in Mexico, offering bidders a selection of approximately 120 foreclosed ...
The town has been involved with the military surplus program for over a decade. A date has been set to auction off unused and unwanted equipment.
A Utah businessman paid $1.32 million for a dime last week at a Chicago coin auction. It wasn't just any 10-cent piece; the 1894-S Barber Dime is one of only 24 ...
Five Alabama properties, including one in Birmingham, are among 37 surplus properties in nine states up for auction.
The hotly anticipated auction of a 1939 car designed by Ferdinand Porsche ended without a sale after a spectacular numerical blunder.
Treasury and Finance Ministry holds 2 auctions for domestic markets to issue government bonds - Anadolu Agency.
A rare pair of Nike sneakers with a storied history has just shattered auction records. Sotheby's auctioned off the Nike "Moon Shoe" for $437,500 Tuesday night, ...
When property owners fail to pay taxes on their property for more than five years, responsibility of the land falls to the Nevada County government. Currently, 26 ...
Two more GTA properties are up for open bidding in August.
Farm Retirement Auction • 10:30 a.m.. Having farmed our entire lives, we have decided to fully retire from farming and will sell the following at auction located by ...
JEFFERSON — A canoe, a table saw, nail guns and other serious tools, three days at an Arrowsic cottage on the water, horseback riding lessons, bicycles, new ...
There's another famous Steve McQueen vehicle headed to auction, and this time it's a dune buggy. This custom Meyers Manx was driven in "The Thomas Crown ...
A judge has ordered Collectrium to pay Heritage Auctions close to $1.8 million, bringing to a close the long-running data theft lawsuit filed by the Dallas ...
The numbers for this recent lot at Goldin Auctions are eye-popping. Numerious records were set, inlcuding another Mike Trout highmark.
A Kansas City home built by one of the country's most iconic architects, Frank Lloyd Wright, just sold at auction for $920000.
MISHAWAKA — The former St. Joseph Hospital property on West Fourth Street goes up for auction on Wednesday.
Monterey, Calif., is about to greet tout le monde of car society. Billionaire collectors from Saudi Arabia will swan with Rodeo Drive real estate tycoons as they ...
LAKELAND, Fla. — A man at a cattle auction was surprised to find one of his own bulls was being sold, the Polk County Sheriff's Office said. According to the ...
Telecom Giant to Sell Off 37 Properties, Most in Sale-Leaseback Deals.
Pennsylvania Secretary of Agriculture Russell Redding visited Buffalo Valley Produce Auction in Mifflinburg, Pa., to present the governor's Pennsylvania ...
Designer shoes, Rolex watches, and a Ferrari are among an estimated £2.3 million (US$2.8 million) worth of luxury goods seized from criminals that will be ...
The grounds of the Lawrence County Fair resembled a ghost town.
A pair of Duke-issued Nike sneakers worn by All-American freshman Zion Williamson last season fetched nearly $20,000 on an online auction website over the ...
(RENO, Nev.) — An unopened copy of a 1987 cult-classic video game that a Nevada man found in the attic of his childhood home is expected to sell for up to ...
Five tax-foreclosed properties were put up for auction in July and Clatsop County sold two of them, including a dilapidated house on G Road in Jeffers Garden.
The 50th anniversary of the first moon landing inspired more than just memories to come forward, but also millions of dollars for memorabilia from the Apollo 11 ...
The Orange County Regional History Center parted ways Saturday with a treasure trove of items representing Florida's history and culture. "It's just a fun ...
NEW BEDFORD — The Buyers and Sellers Exchange (BASE) handled 15016 pounds of fish and 131805 pounds of scallops on August 16, 2019.SEAFOOD ...
Add a great piece of sports memorabilia to your collection and support the Dollar Energy Fund at the same time.
The King continues to reign, this time in the form of his 1976 Harley-Davidson which promises to (possibly) set a world's record at auction of between $1750000 ...
Who: March of Dimes What: Signature Chefs Auction When: Thursday, September 12th, begins at 6p Where: Mile High Station (click for map) Colorado's Own ...
A high school basketball jersey once worn by former President Barack Obama is up for auction.
California-based shop Iconic Motorbikes is already well-known for quality work and sales. Now they're doing online, trusted bike auctions.
The actual 1968 Ford Mustang movie car used for filming in Steve McQueen's Bullitt will be heading to Mecum's auction in Kissimmee, Florida in January of ...
Elvis Presley's last motorcycle, a 1976 Harley Davidson 1200 Electra Glide, is going to auction later this month and could smash the world record price for a ...
The guitar Duane Allman played on Derek and the Dominoes' classic “Layla” recently sold at auction for $1 million. Allman, Number Nine on Rolling Stone's 100 ...
FLORENCE — Area artists and antique dealers are urged to submit pieces for the upcoming Art and Antique Auction to benefit the Bell Tower Cultural Center.
One traveller's lost luggage is soon to be another's treasure, with thousands of items found at Sydney Airport going under the hammer for charity. A metre-tall ...
A Green Bay Packers stock certificate from 1923, the public offering that saved the franchise, will be up for auction on Saturday.
Come to see the classic cars. Bring your checkbook and you may go home with one or two. Classic Car Week not only offers a number shows and events, ...
How many cars could you see yourself owning? It's probably fewer than the roughly 200 collector cars in this barn find in rural Minnesota.
Steve McQueen's 1968 Ford Mustang GT from the iconic film Bullitt is heading to auction early next year. The retro muscle car was believed to have been ...
The Valle Crucis Community Park will hold its annual auction on Saturday, August 24 at the Apple Barn in Valle Crucis. Among the items to be auctioned are ...
Both auctions include a mix of homes, vacant land and commercial property in Lansing, outlying communities. And there are some that stand out.
SHERIDAN — The Sheridan County Friends of the Library would like to invite local residents to join other supporters of library services as a sponsor or donor to ...
The national auction clearance rate surged to a two-year high of 76.6 per cent this week based on preliminary CoreLogic figures, providing strong evidence of ...
This race car from the 1930s was supposed to auction for a record price. Instead, it didn't sell at all, thanks to a confusing mix-up on stage.
Hayden Winks shares the results of a mock auction draft, and compares player cost vs ADP. (Getty Images)
Elvis Presley's 1976 Harley Davidson FLH 1200 Electra Glide, the last motorcycle he owned, is expected to sell for $2 million at auction.
A Ford GT40 Roadster prototype, the only one in original condition, was sold at a 2019 Monterey Car Week auction.
WHEATON, Minn. — A lot of people dream of restoring or buying a classic car. Maybe it's a pickup from high school days or a convertible dad had. But one ...
Understanding the metrics in Google's Auction Insights and visualizing the data can give a clearer view of your account's performance. James Hebdon ...
The restaurant is 3100 square feet and the banquet center is 2400. The combined property is appraised at $240000. The auction is Aug. 24.
With auto enthusiasts from around the globe gearing up for their annual pilgrimage to Monterey, Calif., for next week's Monterey Car Week, Sotheby's and Bob's ...
A $20 million 1939 Porsche with a Nazi history went up for auction this weekend in Monterey but failed to sell after an auctioneering blunder.
A collection of rare Japanese whiskies fetched 7.19 million Hong Kong dollars ($917000) at an auction Friday in Hong Kong, a record high for whisky produced ...
The Plymouth Superbird may have been a one-year wonder, but it remains a classic today. (Mecum). The aerodynamically-optimized muscle car was built for ...
The Monterey Car Week auctions always throw up some remarkable cars that won't fetch a million dollars, but are nonetheless, automotive treasures. This article ...
HONOLULU (KHON2) — Estate Liquidators Hawaii and Oahu Auctions present the Auction for the Estate of Hollywood celebrity Jim Nabors. The auction is ...
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