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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.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. August / 22 / 2019

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$20 million Porsche flops in auction snafu  CNBC

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Local News, Idaho auctions 30 PL lots for $14.2M  Bonner County Daily Bee

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Home Experts - RARE Auctions July 23, 2019 | Sponsored-content  WPSD Local 6

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Auction Alert: 270+ Signed Luxury Jewels and More at Kruse GWS Auctions  JCK

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Advantage of Auctions Over Private Deals for Inventory  DomainInvesting.com

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Here Are The Cheapest Cars And Bikes Sold At The 2019 Pebble Beach Auctions  Jalopnik

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Items belonging to Elvis, Johnny Cash and Garth Brooks at auction - Channel3000.com - WISC-TV3
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President Obama's high school basketball jersey sold for $120000 this weekend in online auction  CNBC

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Live, silent auction, yard sale set for Aug. 24  Kennebec Journal & Morning Sentinel

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KAR's auction operations: Thoughts on physical auction expansion  Auto Remarketing

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Lawsuits could change foreclosure auctions in Lansing region  Lansing State Journal

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Aquis turnover in new closing auction totals 208 million euro since Aug. 13  Reuters

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FirstEnergy's Pennsylvania Default Service Program DSP-V Auction: Information Session for Prospective Bidders on Wednesday, September 4, 2019  Business Wire

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Bidders, sellers disagree on values at Monterey auctions  The ClassicCars.com Journal

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Another 300 MW solar auction for Japan  pv magazine International

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Rare 1894 dime sells for $1.32M at auction  Fox 2 Detroit

An incredibly rare dime once owned by late Los Angeles Lakers owner Dr. Jerry Buss sold for $1.32 million in a Chicago auction.


East of Eden, listed for $12.5M, to go to auction - Mount Desert Islander
East of Eden, listed for $12.5M, to go to auction  Mount Desert Islander

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Auction held every week at Action Auctioneers  FOX 13 News, Tampa Bay

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Gallery: Rare Ferrari, Porsche, other exotic cars sold at auction  Fox Business

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Marilyn Monroe Outfits, Once Owned by Debbie Reynolds, Up For Auction - Hollywood Reporter
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Auction calendar: August 23, 2019  Wisconsin State Farmer

Auctions appearing in the Aug. 23, 2019 Wisconsin State Farmer.


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U.S. TIPS breakeven rates extend rise after strong auction  Reuters

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Prop Store Auction Selling Over 900 Movie & TV Props in September /Film - /FILM
Prop Store Auction Selling Over 900 Movie & TV Props in September /Film  /FILM

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We Went to an Art Auction on a Cruise Ship. It Was… Unusual - artnet News
We Went to an Art Auction on a Cruise Ship. It Was… Unusual  artnet News

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America’s Priciest Listing Sells at Foreclosure Auction - The Wall Street Journal
America’s Priciest Listing Sells at Foreclosure Auction  The Wall Street Journal

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£2.3 Million in Seized Luxury Goods Offered at Wales Auction - Barron's
£2.3 Million in Seized Luxury Goods Offered at Wales Auction  Barron's

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Former Coshocton Yard up for auction - Coshocton Tribune
Former Coshocton Yard up for auction  Coshocton Tribune

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2019 Fantasy Football Draft Prep: How to crush your auctions - CBS Sports
2019 Fantasy Football Draft Prep: How to crush your auctions  CBS Sports

Patience and awareness are just two skills you'll need if you're going to come out of your Fantasy Football auction looking like a champ.


Kenya Airports Authority auctions abandoned aeroplanes - BBC News
Kenya Airports Authority auctions abandoned aeroplanes  BBC News

The Kenya Airports Authority has overseen auctioned planes abandoned at Nairobi's Wilson Airport.


Dalhart cattle auction results | Markets - High Plains Journal
Dalhart cattle auction results | Markets  High Plains Journal

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First Presbyterian auction to support Family Resource Center's Asset Club - Journal Advocate
First Presbyterian auction to support Family Resource Center's Asset Club  Journal Advocate

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Woodward cattle auction results | Markets - High Plains Journal
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Meat products auction earns $100,000 for state 4-Hers - Wisconsin State Farmer
Meat products auction earns $100,000 for state 4-Hers  Wisconsin State Farmer

Youth in 4-H will benefit from proceeds of Governor's Blue Ribbon Meat Auction.


Dewey Beach Sets Auction Date for Military Surplus Equipment - WBOC TV 16
Dewey Beach Sets Auction Date for Military Surplus Equipment  WBOC TV 16

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.


Massive machinery collection from Ridgefield's Iron Ranch up for auction - The Columbian
Massive machinery collection from Ridgefield's Iron Ranch up for auction  The Columbian

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 ...


County to auction more than 120 properties - oswegocountynewsnow.com
County to auction more than 120 properties  oswegocountynewsnow.com

OSWEGO — The annual Oswego County Tax Auction is set to take place Oct. 5, in Mexico, offering bidders a selection of approximately 120 foreclosed ...


Auction of former downtown Mishawaka hospital postponed - WNDU-TV
Auction of former downtown Mishawaka hospital postponed  WNDU-TV

A scheduled auction of the former St. Joseph Hospital property in downtown Mishawaka has been postponed.


Estate of Hawaii celebrity Jim Nabors goes to auction - KHON2
Estate of Hawaii celebrity Jim Nabors goes to auction  KHON2

Estate of Hollywood celebrity Jim Nabors is on auction and bidders can register at oahuauctions.com.


Mount Desert Island Gilded Age mansion will hit the auction block - Boston.com
Mount Desert Island Gilded Age mansion will hit the auction block  Boston.com

Originally listed for $12500000, 145 Eden St., known as East of Eden, has 28 rooms in 15000 square feet of living space. | realestate.boston.com.


SHACC Launches Auction Fundraiser - San Clemente Times
SHACC Launches Auction Fundraiser  San Clemente Times

Staff The Surfing Heritage & Culture Center (SHACC) is now holding its summer flash auction sale. The nonprofit organization, based in San Clemente, wo.


Mexico auctions property once owned by criminals for good cause - Aljazeera.com
Mexico auctions property once owned by criminals for good cause  Aljazeera.com

Critics of President Obrador have called the auctions a populist measure.


Obama's high school basketball jersey is up for auction - CNN
Obama's high school basketball jersey is up for auction  CNN

A high school basketball jersey once worn by former President Barack Obama is up for auction.


Love cars? Mecum Auction is returning to Harrisburg with more than 1000 collectible vehicles for sale - PennLive
Love cars? Mecum Auction is returning to Harrisburg with more than 1000 collectible vehicles for sale  PennLive

Hundreds of collector cars are hitting the auction block in Harrisburg starting on July 31. Mecum Auctions Harrisburg is back for another year offering car ...


1994 McLaren F1 LM-Specification fetches $19.8M at Monterey - Autoblog
1994 McLaren F1 LM-Specification fetches $19.8M at Monterey  Autoblog

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 ...


Hotel Thompson put up for auction - Daily Globe
Hotel Thompson put up for auction  Daily Globe

WORTHINGTON — The historic Hotel Thompson in downtown Worthington has been opened for auction by Grafe Auction of Spring Valley. The auction follows a ...


More than 120 foreclosed properties in Ingham and Eaton counties headed for auction - Lansing State Journal
More than 120 foreclosed properties in Ingham and Eaton counties headed for auction  Lansing State Journal

Both auctions include a mix of homes, vacant land and commercial property in Lansing, outlying communities. And there are some that stand out.


The Auctions: A classic car buyer’s paradise - Monterey County Herald
The Auctions: A classic car buyer’s paradise  Monterey County Herald

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, ...


Jim Nabors estate to auction memorabilia - Honolulu Star-Advertiser
Jim Nabors estate to auction memorabilia  Honolulu Star-Advertiser

Oahu Auctions and Liquidations and Estate Liquidators Hawaii are auctioning off items from the estate of the late actor Jim Nabors in Honolulu. Read more ...


Madison County schedules property auction - Rome Sentinel
Madison County schedules property auction  Rome Sentinel

WAMPSVILLE — Madison County will hold a tax foreclosure auction of approximately 45 properties at 10 a.m. Sept. 21, at the Kallet Civic Center at 159 Main St., ...


Chihuahuas to auction-off signed hats at "EP Strong" game - cbs4local.com
Chihuahuas to auction-off signed hats at "EP Strong" game  cbs4local.com

The El Paso Chihuahuas are having an El Paso Strong Night, a celebration of the El Paso community and a commemoration of those victims of the August 3rd ...


Bidding on Bunyan: State auction of a 17-foot-tall lumberjack sets off bidding war - Star Tribune
Bidding on Bunyan: State auction of a 17-foot-tall lumberjack sets off bidding war  Star Tribune

For years, he was one of the biggest, plaidest things at the Minnesota State Fair. Now Paul Bunyan, all 17 feet of him, can be yours. Or mine.


Samuel L. Jackson's lightsaber and Jack Nicholson's 'The Shining' axe on offer at movie prop auction - CNN
Samuel L. Jackson's lightsaber and Jack Nicholson's 'The Shining' axe on offer at movie prop auction  CNN

Jack Nicholson's axe from "The Shining," Russell Crowe's armor from "Gladiator" and a lightsaber used by Samuel L. Jackson in "Star Wars" are among 900 ...


Bidding on Paul Bunyan: State auction of a 17-foot-tall lumberjack sets off bidding war - St. Cloud Times
Bidding on Paul Bunyan: State auction of a 17-foot-tall lumberjack sets off bidding war  St. Cloud Times

For years, he was one of the biggest, plaidest things at the Minnesota State Fair. Now Paul Bunyan, all 17 feet of him, can be yours. Or mine. Depending on ...


Elvis Presley's Harley-Davidson Electra Glide could break world motorcycle auction record - New Atlas
Elvis Presley's Harley-Davidson Electra Glide could break world motorcycle auction record  New Atlas

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 ...


1987 Cult Video Game Expected to Sell for $10000 in Auction - TIME
1987 Cult Video Game Expected to Sell for $10000 in Auction  TIME

(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 ...


SMX replay: Visualizing Auction Insights data for competitive intelligence - Search Engine Land
SMX replay: Visualizing Auction Insights data for competitive intelligence  Search Engine Land

Understanding the metrics in Google's Auction Insights and visualizing the data can give a clearer view of your account's performance. James Hebdon ...


Auction Software Market to Witness Robust Expansion by 2025: Promena e-Sourcing Solutions, Eastern Unity, RainWorx Software - Daily Watch Reports
Auction Software Market to Witness Robust Expansion by 2025: Promena e-Sourcing Solutions, Eastern Unity, RainWorx Software  Daily Watch Reports

Global Auction Software Market Research Report comprises holistic business information and changing trends in the market that enables users to spot the ...


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