In spite of the fact that most of eBay merchants purchase things through and through for re-deal on eBay, a few venders work in transfer selling. Selling on credit implies selling things for others.
Choose the amount you need to charge your dispatchers for selling their things.
- When all is said in done, the going rate for eBay transfer is 20 to 40 percent of the end deal cost. The value you charge the sender should sufficiently be to cover your expenses and still give enough benefit to you to merit your time.
aw up a contract outlining the terms of your consignment sales. Be sure to include all fees that apply to the sale, what is to be done with merchandise that does not sell, and when and how the proceeds from the sale will be given to the consignor.
Keep precise records of your transfer deals. When selling transfer for other people, the cash paid to your agents falls off of your benefit a similar way that you would take away item costs on the off chance that you were selling things you bought for resale.
Start with friends and family members to find items to consign on eBay. It is always best if you can get experience working with people you know before growing your business.
Grow your business through word of mouth and referrals. A satisfied consignor will tell others about your service, helping your business to grow.
Place classified ads, hang fliers in local businesses and hand out business cards to help your consignment business grow quickly.
Go to a consignor’s house to look at her merchandise when a call comes in requesting your services.
- A search of eBay closed auctions provides a more accurate look at the market, because auction-style selling often brings bid activity at the end of the auction.
- Taking items on consignment that do not have an eBay market is a waste of time, and in most cases you will be out the eBay listing fees. In most consignment situations there is no cost to the consignor if the item doesn’t sell.
- Alternatively, some sellers offer only an eBay listing service and do not ship the merchandise to the customer. If you run your consignment business that way, leave the items with the owner. Note: This is a very dangerous way to do business. If the owner fails to ship timely, you get the negative feedback and the shipping defect.
- If you are not taking the item to your house for listing, you must take pictures of the merchandise at the consignor’s house. Also record all necessary information, including dimensions, weight, condition and anything else you need to know when listing an item.
List the consigned merchandise on eBay the same way that you would when listing items you own for sale.
Complete the sale and ship the merchandise to the customer.
Pay the consignor his proceeds. The amount of time you wait before paying consignors is affected by a number of variables, including the payment methods you accept and your stated return policy, among other things. Make sure the transaction is completed to the customer’s satisfaction before paying the consignor. Note that PayPal allows buyers 6 months to file a claim.
Consider opening a storefront with a drop-off location for consigned merchandise as your business grows. This will allow you to handle more consignors without the travel time and expense of going to their homes.
Tips to Note
eBay’s Trading Assistant Program finished September 20, 2013. eBay now has a program called eBay Valet. As indicated by eBay, valets “are deliberately screened for consideration in the program. Necessities incorporate, however are not restricted to:
(1) capacity to list 100,000 postings every month,
(2) stockpiling limit adequate to hold and oversee things got for at any rate 21 schedule days,
(3) capacity to list things over all eBay classes, and
(4) actual presence in all significant metropolitan centers in the U.S. also,
(5) showed capacity to reliably convey the best expectations of purchaser experience to eBay customers.”