Successful Online Selling
 

EBay Consignment Business: Selling Other People's Stuff

ebay consignment businessesAn eBay consignment business is a worthwhile option for those who do not want the hustle of managing inventory, dealing with customers and making trips to the post office.

A consignment business on eBay is where you sell items on someone else’s behalf. You create the auction listings and take care of customer queries, feedback and invoices for a stipulated fee.

However, you don’t have to bother yourself with buying and managing stock, as well as packaging and dispatching the items.

A consignment business call for extra care though because selling items through this business model requires you to have enough money to pay off the business owner (person whose items you’re selling) and also make some descent income for yourself.

What this means is that the items you should choose to sell in an eBay consignment business are those with relatively higher profit margins. You need to carefully negotiate with the people whose products you’re going to sell whether they will be paying you a commission of the final selling price, or offering you a fixed salary. Some people offer both so it’s important to know how you will be earning before embarking on the consignment business.

Whenever possible, put whatever you’ve agreed on in writing so that you have some guarantee of being paid.

huge amount of goods for ebayThat said, you need to find someone to sell products for in the first place. So, where do you start looking for people to sell merchandise for?

Firstly, you need to set yourself up as an affiliate seller on eBay. You can then go on to advertise your services and get a feel of how things are done on eBay.

For an eBay consignment business that is viable, you would be better off finding a bigger company to work with so that you have assurance of constant supply of stock. It helps you earn regular income from your consignment business.

Before you can catch the attention of larger businesses, you need to first build a solid reputation on the auction site. One useful tip when starting out is to approach companies that are already selling on eBay to find out whether they would be willing to let you help them with their listings.

Don’t be surprised to find that there may be local shops in your area willing to let you help them sell on eBay.

You need to sell yourself as much as you can. Drop flyers in local shops or advertise in trade journals associated with the type of products you want to sell on eBay.

An eBay consignment business is not easy to start but has numerous advantages. For one, you only need a computer with internet access, and knowledge of how eBay works.

The biggest advantage of an eBay consignment business is that it wipes out the risk of making losses on your part. You will earn if you sell a product, and if you don’t, you will not earn but neither will you make a loss since you don’t own the product.

Finally, while the concept seems simple and lucrative, the execution isn’t always easy. It’s all in the details so acquaint yourself with the nitty-gritty of the business before embarking on it.

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