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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 www.netbrainer.com/site/500041/page/449460.
 MORE RESOURCES updated Fri. September / 03 / 2010
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HOW D'YA SPELL THAT?redbankgreenThere's also a smorgasbord of samplings from top area restaurants and caterers, silent auctions and more. It happens at Two River Theater; ... |
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