|
Author: Tim Gilberg Article source: http://www.selfseo.com/. Used with author's permission.
There has been a flood of publicity generated regarding the "Small Business Opportunity" being offered to would be internet entrepreneurs.
The plan is for you to purchase a franchise operation to sell products on consignment via eBay. Selling on consignment means you take a customer's product into your business, and pay the client the balance of the sales proceeds when and if the item sells.
The parent company guides you through the process of setting up a brick and mortar type of store located in a strip mall or similar location, and shows you how to attract customers using traditional advertising methods by which you sell their items on eBay. Your income is generated after all the fees are subtracted from the franchiser and eBay, along with the related standard business expenses listed below.
All of these items are considered overhead or business operating expenses:
1. Rent/Lease
2. Agreeability of Items
3. Bonded Insurance
4. Utilities
5. Employees
6. Fiduciary Insurance
7. Fiduciary Responsibility
8. Advertising
To start an eBay Consignment Business using this method, you will first be charged a Setup Fee ranging from $5,000 to $15,000 depending on the franchise you choose. There is also a range of fees to be paid to the Franchiser on every sale. You need to do the math for this type of operation after paying the franchise and setup fees to see if it is viable.
Setting Up An eBay Consignment Auction The Right Way
Eliminate the rental or lease and work out of your home. You can easily rent a storage facility for $50-$100/month to store your products, and you can meet your clients there. Remember, they do not expect or need an elaborate storefront; they want their items sold quickly with the least amount of effort.
You can obtain inexpensive insurance to cover the items in your storage facility. Advertise your eBay Consignment Service in local newspaper classified ads for under $20/week, and receive more products than you can handle.
Sign up for the eBay Trading Assistant Program (See my article titled How To Have eBay Send You Less Than Wholesale Product Sources). You will be provided with leads directly from eBay to you.
Obtain an Agreement of Items, which both you and the customer sign. These are available for under $29 at Legal Resource Online.
See the list below for Items to target in local classified ads. Indicate in your ad that you will sell items for "No Fee Charged - Pay Small Percentage of Sale"
* Computer Hardware/Software
* Toys and Video Games
* Consumer Electronics
* Antiques & Collectibles
* Jewelry/Luxury Goods
* Clothing & Accessories
* Sporting Goods
* eBay Auto Parts & Accessories
Services You Offer To Your Customer:
1. Inspect their product to make sure it is acceptable for sale.
2. Take photos of their product; then write the copy and design a
professional ad and place it on eBay.
3. When the product is sold, process the payment securely, taking out
your percentage, in addition to the shipping and handling charges.
4. If the product does not sell after placing the first ad,
it is relisted at no charge.
If the product doesn't sell the second time, it can either be picked up by the customer, or donated to charity.
5. Packaging and shipping the product to the eBay buyer.
6. Mailing checks to the customer.
Setting up an eBay Consignment Business the correct way can allow you to start generating income in a short amount of time with limited expense! Check out my new Ebay Training on DVD's simple easy to follow steps on how to
make money on ebay
The Mindful Shopper: Learning From Your Trendy Mistakes
Got a closetful of long-gone trends? Use your shopping mistakes to see what you REALLY need.
Thinking Beyond Debt Consolidation Loans
Debtors are not short of means to consolidate debts. There are a number of ways other than the traditional debt consolidation which can be used for settlement o...
Ready Your Child for Reading
It's never too soon to start your child on the path to
reading. The U.S. Department of Education has specific recommendations and strategies for early literac...
How to Network Your Home Business
Home business owners are always on the look-out for cost-effective ways to market their businesses. One of the best ways to network your home business is via on...
9 Sure Fire Tips For Easy Weight Loss
The truth about easy weight loss, (it's not tooooo... hard).
Managing Monsters in Meetings - Part 1, General Strategies for Unproductive Behavior
Everyone complains about bad meetings and how they waste everyone's time. Here are five general strategies to make sure that you hold an effective meeting, even...
Weight Loss Tips: Get Effective Weight Loss Tips!
Looking for Diet Programs on net is like looking for water in an Ocean. But trust me, looking for good Diet Program is like finding a pearl in the ocean. But, n...
Digital Kitchen Timers – Never Burn Another Dish
Digital kitchen timers come in many shapes and sizes. Timers are an indispensable tool in the kitchen.
Use of a Franchise Business as a Family Tax Planning Strategy
Suggesting the use of a franchise business as a vehicle for family estate and tax planning. Specifically using as an example, The Car Wash Guys, a portable car...
Figs
They Covered A Lot Of History
American Idol Syndrome
I like Simon, one of three judges on American Idol. I find his feedback refreshingly honest. And while his words startle me with their ego wounding potential, t...
Businesses Need to Rehumanise
Business has lost the human touch. We need to realize each other and 'rehumanise'.
Introduction to Really Simple Syndication (RSS)
This article describes the benefits of creating an RSS feed, and not how to produce one, or integrate other peoples RSS feeds in to your website.
Innovation Management – Measuring Failure
Failure is one of the hardest pills to swallow. Commercial failure is obviously not good: a continuous negative cash flow is bad news for all stakeholders. But ...
Good News! The Pathway of Change Is Predictable
Often when radical change occurs in our lives we feel confusion - not only about what's happening but also about how we'll cope with it. This is especially true...
Introducing the Power Hour Concept to Plough Through Mountainous Tasks
Have you ever been totally overwhelmed by a massive task confronting you? Ever felt daunted by the thought of even making a start on such a massive quest? I tho...
Starting a Conversation is an Art
Almost all of us have been there. We meet a new person, we run into someone we have met once before, or we see someone we've spoken with numerous times. We wa...
Increase Your Knowledge: Read-and-Reap
When you form a regular reading habit, you reap untold benefits. Unfortunately, most of us just don't seem to get around to it. So what's a professional to do...
Droughts, Dirty Water and Disease
Billions are without clean water and that number is growing. Water borne disease is a huge killer. Let's discuss these issues now.
Side-Tripping in Montana
Planning a vacation can be efficient, but monotonous. Discover how two adventure-seekers learned to shoot from the hip on an unforgettable trip to Montana. Hors...
A Personal Stock Market Investment Philosophy
Persistence, persistence, persistence, and your stock market investment philosophy will become unbeatable!
Is it Safe to Use Online Car Finance?
Online car finance is convenient. You can apply over the net and shop around for a good deal from the comfort of your home.
Now is the Time to Invest for Your Retirement!
Tax Season! Rather than dreading this part of the year, we should all look to it as a point for new opportunities. This is actually one of the best times to b...
Is Your Brain Really Necessary?
No, this is not a hoax. Incredible though it may seem, one of the UK's leading neuroscientists at Sheffield University discovered people with 'no detectable br...
|
Print this page