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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 Tue. May / 26 / 2020

Kobe Bryant's 2000 Lakers championship ring he gifted his mother sells for $206K at auction - CBS Sports
  1. Kobe Bryant's 2000 Lakers championship ring he gifted his mother sells for $206K at auction  CBS Sports
  2. Bryant concrete handprints sell for $75,000 at auction  Insidethegames.biz
  3. Kobe Bryant's 2000 NBA Championship Ring Sells at Auction for $206K USD  HYPEBEAST
  4. Kobe Bryant’s L.A. Laker’s 2000 NBA Championship ring up for auction, according to auctioneer site  FOX13 Memphis
  5. Kobe Bryant NBA Championship Ring Auctions For US$206,000  Boss Hunting
  6. View Full Coverage on Google News

Marie Antoinette's travel bag fetches nearly £40,000 at Paris auction - The Guardian
Marie Antoinette's travel bag fetches nearly £40,000 at Paris auction  The Guardian

UK auctions off vintage Rupp Arena items - WYMT News
UK auctions off vintage Rupp Arena items  WYMT News

Auction Houses Attract Collectors with Private Sales for Three Key Reasons - Artsy
Auction Houses Attract Collectors with Private Sales for Three Key Reasons  Artsy

Online auctions are up, up, UP - Desert Sun
Online auctions are up, up, UP  Desert Sun

Price of Hokkaido melons at season's 1st auction drops sharply - Kyodo News Plus
Price of Hokkaido melons at season's 1st auction drops sharply  Kyodo News Plus

Russian cenbank says it will continue holding long-term repo auctions as scheduled - Reuters
Russian cenbank says it will continue holding long-term repo auctions as scheduled  Reuters

Canadiens Hall of Famer Bob Gainey auctions off personal memorabilia - Montreal Gazette
Canadiens Hall of Famer Bob Gainey auctions off personal memorabilia  Montreal Gazette

The most expensive sneakers ever sold at auction - Business Insider - Business Insider
The most expensive sneakers ever sold at auction - Business Insider  Business Insider

Government delays multi-spectrum auction to late 2020 but delays 5G spectrum auction to 2021 - GlobeNewswire
Government delays multi-spectrum auction to late 2020 but delays 5G spectrum auction to 2021  GlobeNewswire

Claret Jug replica from Greg Norman's 1986 Open win up for auction - USA TODAY
Claret Jug replica from Greg Norman's 1986 Open win up for auction  USA TODAY

Notes: Bryant Finals Gamer Sells; Brothers Auction Cards for Causes,... - Sports Collectors Daily
Notes: Bryant Finals Gamer Sells; Brothers Auction Cards for Causes,...  Sports Collectors Daily

Kraft auctions off Super Bowl ring for more than $1 million - NBCSports.com
Kraft auctions off Super Bowl ring for more than $1 million  NBCSports.com

Kobe Bryant memorabilia auctions higher than expected, but it's a Mike Trout card that ties record - Yahoo Sports
Kobe Bryant memorabilia auctions higher than expected, but it's a Mike Trout card that ties record  Yahoo Sports

The Story Behind the Michael Jordan Love Letter That’s Up for Auction - The Action Network
The Story Behind the Michael Jordan Love Letter That’s Up for Auction  The Action Network

Leake Auctions Cancels June Tulsa Auction - duPont REGISTRY DAILY
Leake Auctions Cancels June Tulsa Auction  duPont REGISTRY DAILY

Bakker annual spring online auction set for May 30 - Wicked Local Wellfleet
Bakker annual spring online auction set for May 30  Wicked Local Wellfleet

Auction industry readies for COVID-19 business closures - Marketplace
Auction industry readies for COVID-19 business closures  Marketplace

Erie Zoo holds virtual animal art auction - YourErie
Erie Zoo holds virtual animal art auction  YourErie

Long-Lost John Deere Found on Auction - WHO TV Des Moines
Long-Lost John Deere Found on Auction  WHO TV Des Moines

80-acre Tree-Mendus Fruit Farm property bought at auction for $335,000 - WNDU-TV
80-acre Tree-Mendus Fruit Farm property bought at auction for $335,000  WNDU-TV

Auction Houses Report Success in Online Shift - Barron's
Auction Houses Report Success in Online Shift  Barron's

OLM Spring Festival featuring virtual auctions, takeout dinner - West Side Index & Gustine Press-Standard
OLM Spring Festival featuring virtual auctions, takeout dinner  West Side Index & Gustine Press-Standard

Ford GT with delivery miles headed to auction - Motor Authority
Ford GT with delivery miles headed to auction  Motor Authority

Annual Spring Livestock auction raises more than $75,000 online to support student projects and education goals - KPRC Click2Houston
Annual Spring Livestock auction raises more than $75,000 online to support student projects and education goals  KPRC Click2Houston

Donald Bridell, a collector who loved auctions and garage sales, dies of COVID-19 at 89 - Minneapolis Star Tribune
Donald Bridell, a collector who loved auctions and garage sales, dies of COVID-19 at 89  Minneapolis Star Tribune

Armando Valdes Collection of South American Banknote Proofs at Heritage Auctions - CoinWeek
Armando Valdes Collection of South American Banknote Proofs at Heritage Auctions  CoinWeek

Leake Auctions cancels its Tulsa collector car sale - The ClassicCars.com Journal
Leake Auctions cancels its Tulsa collector car sale  The ClassicCars.com Journal

Elvis Presley's bedazzled jockstrap hits auction block for $35K - New York Post
Elvis Presley's bedazzled jockstrap hits auction block for $35K  New York Post

Nye County to auction 580 properties online to support essential services - News3LV
Nye County to auction 580 properties online to support essential services  News3LV

Saugerties auction shut down for violating non-essential businesses ban - Hudson Valley One
Saugerties auction shut down for violating non-essential businesses ban  Hudson Valley One

A fantasy golf auction? It’d have Jack’s putter, Tiger’s Scotty…and this epic club - Golf.com
A fantasy golf auction? It’d have Jack’s putter, Tiger’s Scotty…and this epic club  Golf.com

Stephenson's to host May 31 auction of dolls, toys, trains and banks from estates and private collections - ArtfixDaily
Stephenson's to host May 31 auction of dolls, toys, trains and banks from estates and private collections  ArtfixDaily

Joan Mitchell’s ‘Noël’ Could Fetch up to $12.5 Million at Auction - Barron's
Joan Mitchell’s ‘Noël’ Could Fetch up to $12.5 Million at Auction  Barron's

Online collector car auction sets records, aids COVID-19 relief - Auto Remarketing
Online collector car auction sets records, aids COVID-19 relief  Auto Remarketing

Auction sales volume continues to climb - Auto Remarketing
Auction sales volume continues to climb  Auto Remarketing

Online Auction to Aid Comic-Book Shops Raises Over $430,000 - The New York Times
Online Auction to Aid Comic-Book Shops Raises Over $430,000  The New York Times

Richard Childress auctions Dale Earnhardt car, $425K goes to charity - Yahoo Sports
Richard Childress auctions Dale Earnhardt car, $425K goes to charity  Yahoo Sports

Insiders Share Some Watch Auction Secrets - The New York Times
Insiders Share Some Watch Auction Secrets  The New York Times

16 Cleveland Indians items up for auction (photos) - cleveland.com
16 Cleveland Indians items up for auction (photos)  cleveland.com

Quillayute Valley Scholarship Auction online this year - Peninsula Daily News
Quillayute Valley Scholarship Auction online this year  Peninsula Daily News

Christie’s Gets Creative for 20th-Century Art Auction in July - The New York Times
Christie’s Gets Creative for 20th-Century Art Auction in July  The New York Times

Petitjean Collection with Lamborghinis going up for auction - Business Insider - Business Insider
Petitjean Collection with Lamborghinis going up for auction - Business Insider  Business Insider

Auctioneers adapt to virtual auctions - Odessa American
Auctioneers adapt to virtual auctions  Odessa American

Late developer Welkowitz's rare Ferraris up for auction as claims against his estate pass $150 million - LancasterOnline
Late developer Welkowitz's rare Ferraris up for auction as claims against his estate pass $150 million  LancasterOnline

Trudy's Tex-Mex could be sold at auction, report says - KVUE.com
Trudy's Tex-Mex could be sold at auction, report says  KVUE.com

BizBeat: J Street Vintage thrives through online auctions - Jefferson City News Tribune
BizBeat: J Street Vintage thrives through online auctions  Jefferson City News Tribune

Bellevue restaurant Antonios’ closes amid pandemic, auctions everything - WKRN News 2
Bellevue restaurant Antonios’ closes amid pandemic, auctions everything  WKRN News 2

Treasury yields sink after first 20-year bond auction since 1986 - MarketWatch
Treasury yields sink after first 20-year bond auction since 1986  MarketWatch

Prince’s Long-Lost, Ultra-Rare Blue Angel Cloud Guitar Heads to Auction - Rolling Stone
Prince’s Long-Lost, Ultra-Rare Blue Angel Cloud Guitar Heads to Auction  Rolling Stone

Patriots' Kraft auctioning Super Bowl LI ring for charity in All In Challenge - ESPN
Patriots' Kraft auctioning Super Bowl LI ring for charity in All In Challenge  ESPN

A New Era for Auctions? - MutualArt.com
A New Era for Auctions?  MutualArt.com

One Thousand Museum unit heads to the auction block - The Real Deal
One Thousand Museum unit heads to the auction block  The Real Deal

Phil Lesh Gear Up For Auction Including Stage Played Modulus Bass - JamBase
Phil Lesh Gear Up For Auction Including Stage Played Modulus Bass  JamBase

Ericson feeder cattle auction results | Livestock Markets | hpj.com - High Plains Journal
Ericson feeder cattle auction results | Livestock Markets | hpj.com  High Plains Journal

Michael Jordan 1986 Fleer Card Sells for Record $99.6K at Auction - Bleacher Report
Michael Jordan 1986 Fleer Card Sells for Record $99.6K at Auction  Bleacher Report

Polished and pricey: These three stainless-steel Fords are up for auction - Driving
Polished and pricey: These three stainless-steel Fords are up for auction  Driving

Andhra Pradesh minister lashes out at state Opposition on TTD land auctions, BJP stir tomorrow - The New Indian Express
Andhra Pradesh minister lashes out at state Opposition on TTD land auctions, BJP stir tomorrow  The New Indian Express

Live streamed auction date for Bond Wolfe Auctions - expressandstar.com
Live streamed auction date for Bond Wolfe Auctions  expressandstar.com

ThoroughbredAuctions.com Mixed Sale a Test for Online Auctions - Thoroughbred Daily News
ThoroughbredAuctions.com Mixed Sale a Test for Online Auctions  Thoroughbred Daily News

Advocate seeks probe into auction of PEC furniture - The Tribune India
Advocate seeks probe into auction of PEC furniture  The Tribune India

Hobby Lobby sues Christie's auction house over sale of illegally imported Gilgamesh Dream Tablet - Fox Business
Hobby Lobby sues Christie's auction house over sale of illegally imported Gilgamesh Dream Tablet  Fox Business

Sotheby's is losing millions because online auctions just aren't that exciting - The Hustle
Sotheby's is losing millions because online auctions just aren't that exciting  The Hustle

Mid Ulster Auctions expands services to Britain - The Irish News - The Irish News
Mid Ulster Auctions expands services to Britain - The Irish News  The Irish News

Editor’s Choice: Al Phillips Collection at Mecum Indy 2020 Auction - UltimateMotorcycling.com
Editor’s Choice: Al Phillips Collection at Mecum Indy 2020 Auction  UltimateMotorcycling.com

Auction sales volumes still sluggish, but improving each week - Auto Remarketing
Auction sales volumes still sluggish, but improving each week  Auto Remarketing

City moves annual spring auction online due to COVID-19 restrictions - Prince Albert Daily Herald
City moves annual spring auction online due to COVID-19 restrictions  Prince Albert Daily Herald

Michael Jordan sneakers sell for $560,000 at Sotheby's auction - NBC News
Michael Jordan sneakers sell for $560,000 at Sotheby's auction  NBC News

Auction calendar: May 1, 2020 - Wisconsin State Farmer
Auction calendar: May 1, 2020  Wisconsin State Farmer

This Historic Colt 1911 Pistol Carried at Iwo Jima Is About to Go Up for Auction - Military.com
This Historic Colt 1911 Pistol Carried at Iwo Jima Is About to Go Up for Auction  Military.com

On the auction block with LaDon and Allen Henslin - Pipestone County Star
On the auction block with LaDon and Allen Henslin  Pipestone County Star

Riverside County sheriff's online auction offers cars, jewelry and more - Desert Sun
Riverside County sheriff's online auction offers cars, jewelry and more  Desert Sun

Coronavirus in NYC: USHG Auctions Weekend with HGTV’s Chop and Joanna Gaines - Eater NY
Coronavirus in NYC: USHG Auctions Weekend with HGTV’s Chop and Joanna Gaines  Eater NY

Stainless steel Ford Model 38, Thunderbird and Lincoln Continental headed to auction - Autoblog
Stainless steel Ford Model 38, Thunderbird and Lincoln Continental headed to auction  Autoblog

Sotheby’s Auctions Michael Jordan Game-Worn Sneakers From 1985 - Yahoo News Australia
Sotheby’s Auctions Michael Jordan Game-Worn Sneakers From 1985  Yahoo News Australia

PAWS holding virtual auction to raise needed funds for 'baby season' - My Edmonds News
PAWS holding virtual auction to raise needed funds for 'baby season'  My Edmonds News

Terms for Nykredit's and Totalkredit's auctions - Nykredit Realkredit A/S - GlobeNewswire
Terms for Nykredit's and Totalkredit's auctions - Nykredit Realkredit A/S  GlobeNewswire

Wet Paint: Leonardo DiCaprio Flips a Work That Was Dedicated to Him, Hans-Ulrich Obrist Interviews Animals on TikTok, & More Juicy Art-World Gossip - artnet News
Wet Paint: Leonardo DiCaprio Flips a Work That Was Dedicated to Him, Hans-Ulrich Obrist Interviews Animals on TikTok, & More Juicy Art-World Gossip  artnet News

Amarillo cattle auction results | Livestock Markets | hpj.com - High Plains Journal
Amarillo cattle auction results | Livestock Markets | hpj.com  High Plains Journal

Instagram Influencer Auctions Her Virginity Online to Raise Funds for Covid-19 Relief, Apologises After Outra - India.com
Instagram Influencer Auctions Her Virginity Online to Raise Funds for Covid-19 Relief, Apologises After Outra  India.com

Virtual auction nets a buyer for detained ship in Charleston Harbor - Charleston Post Courier
Virtual auction nets a buyer for detained ship in Charleston Harbor  Charleston Post Courier

Entire Clinton Antique Shop Up For Auction - Clinton, CT Patch
Entire Clinton Antique Shop Up For Auction  Clinton, CT Patch

Mediterranean-Style Mansion on Florida’s Merritt Island Heads to Auction - Mansion Global
Mediterranean-Style Mansion on Florida’s Merritt Island Heads to Auction  Mansion Global

Antebellum Mansion in Louisiana With a Full Ballroom Heads to Auction - Mansion Global
Antebellum Mansion in Louisiana With a Full Ballroom Heads to Auction  Mansion Global

First Barrett-Jackson'Online Only auction tops $3.79 million - The ClassicCars.com Journal
First Barrett-Jackson'Online Only auction tops $3.79 million  The ClassicCars.com Journal

Treasury to Increase Auction Sizes of Longer-Dated Securities - The Wall Street Journal
Treasury to Increase Auction Sizes of Longer-Dated Securities  The Wall Street Journal

REvil to Auction Stolen Madonna Data - Infosecurity Magazine
REvil to Auction Stolen Madonna Data  Infosecurity Magazine

SCHOOLS: Gatewood Elementary's virtual auction – and dinner! - West Seattle Blog
SCHOOLS: Gatewood Elementary's virtual auction – and dinner!  West Seattle Blog

WCTE Great TV auction goes online - Cookeville Herald Citizen
WCTE Great TV auction goes online  Cookeville Herald Citizen

Barrett-Jackson cancels live Northeast auction, prepares for online event - New York Business Journal
Barrett-Jackson cancels live Northeast auction, prepares for online event  New York Business Journal

Teas worth ₹3.64 cr unsold at Coonoor auctions - BusinessLine
Teas worth ₹3.64 cr unsold at Coonoor auctions  BusinessLine

Prince, Kurt Cobain, Bill Wyman, Brian Jones guitars head to auction - New Atlas
Prince, Kurt Cobain, Bill Wyman, Brian Jones guitars head to auction  New Atlas

A Motor Yacht That Can Accommodate 19 People Heads to Auction - Barron's
A Motor Yacht That Can Accommodate 19 People Heads to Auction  Barron's

Victoria dealer sells Batmobile replica at Arizona auction - vancouverislandfreedaily.com
Victoria dealer sells Batmobile replica at Arizona auction  vancouverislandfreedaily.com

Auction will be live online | News and Star - News & Star
Auction will be live online | News and Star  News & Star

Auction.com buyers purchasing occupied REO homes pledge to postpone eviction proceedings - HousingWire
Auction.com buyers purchasing occupied REO homes pledge to postpone eviction proceedings  HousingWire

Michael Jordan Golf Bag, Shoes, Putter, Signed Driver Auction for Combined $48K - Bleacher Report
Michael Jordan Golf Bag, Shoes, Putter, Signed Driver Auction for Combined $48K  Bleacher Report

Secret WW2 spy gadgets sell for £17k at Bristol auction - BBC News
Secret WW2 spy gadgets sell for £17k at Bristol auction  BBC News

From the Studio amFAR and Christies charity auction - Christie's
From the Studio amFAR and Christies charity auction  Christie's

AP government suspends TTD decision to auction 50 immovable properties of Lord Venkateswara temple - The New Indian Express
AP government suspends TTD decision to auction 50 immovable properties of Lord Venkateswara temple  The New Indian Express

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