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How to Start and Run an eBay Consignment Business Paperback – February 17, 2006
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From the Back Cover
Make big profits on eBay with no upfront investment!
Make thousands of dollars per week--with little or no financial risk--selling other people’s stuff on eBay. How to Start and Run an eBay Consignment Business explains how to locate and work with consignors and successfully deal in the goods they want to sell, including collectibles, retail store closeouts, estate items, corporate merchandise, and much more.
Find out how to get started selling on consignment, decide what kinds of items will be the most profitable, and set up your business. You’ll get sample contracts, forms, and flyers, as well as tips on creating a web site, marketing your business, and automating day-to-day tasks. Whether you want to supplement your income or become a registered eBay Trading Assistant, you’ll find everything you need in this helpful, step-by-step guide.
- Determine what will sell well on eBay
- Find the best consignment customers
- Decide how much to charge for your services
- Create compelling listings
- Run successful auctions
- Set up an eBay store for fixed-price selling
- Open your own consignment storefront or a franchise
- Reduce your eBay fees
- Build your credibility and offer superior customer service
About the Author
Skip McGrath is a longtime eBay PowerSeller and certified eBay Trading Assistant. He operates Auction-Sellers-Resource.com and publishers The eBay Seller’s News, a popular email newsletter for the eBay community. He is the bestselling author of several books for eBay sellers.
Top Customer Reviews
It's clear that eBay has some momentum with its "Trading Assistant" program. Since its launch last year, 80,000 sellers have signed up, and eBay drop-off sites are popping up everywhere. People with stuff to sell are becoming aware that this is a real alternative to yard sales and newspaper classifieds. Once you sign up with eBay to become a Trading Assistant, you're listed in their Web site directory, where potential customers can find you by Zip Code.
How big is the opportunity? The author estimates that just one company, AuctionDrop, is closing about $50,000 worth of auctions a week on eBay. With a commision rate of 40 percent, that comes to a gross margin of $20,000 a week. Ramping up to a scale this big would certainly require some employees, rent payments, and advertising. But once you've proven your business at a smaller scale, you can expand at your own pace. Any one-person eBayer relatively skilled at selling could generate $1,000 to $5,000 in weekly profits, the author says. That sounds pretty darned good.
So this book solves the main problem for someone starting a new online business -- finding enough merchandise to sell at prices low enough to bring a profit. With the consignment model, people bring the merchandise to you, and after you sell it, you pocket a commission less your expenses. If it doesn't sell, you return the item to its owner.Read more ›
I love McGraph style, and incisive info on the Ebay business. He tells you insider secrets of PowerSellers, and their tactics. But the best are the cases he makes, examples of what to buy, how to sell it and profit. He opens up your mind that almost everything sells.
What impresses me most about Skip is that he isn't just another writer who researches a topic and then pretends to be an expert. Skip actually writes from experience! He's a seasoned eBay Consignment seller and eBay Power Seller. He sells thousands of dollars worth of product on eBay every single month.
In "How to Start and Run an eBay Consignment Business" Skip starts with the basics and shows you how to set up your business. Topics covered include How To Structure Your Business, Business Licenses, Record Keeping, Insurance, and other mundane but necessary tasks.
In Chapter 3 Skip hits the ground running and gets into the nitty gritty details of exactly what you need to do to get your eBay Consignment Business rolling. You'll learn:
How Much To Charge
How To Find Consignment Customers
What Items Sell Well on eBay
How To Market Your Business
Selling Retail Store Closeouts
Selling Estate Auction Merchandise
Bankruptcy and Repossession Sales
Automating Your Business
Should You Set Up a Consignment Storefront?
How To Become an Auction Master
How To Perform Research
How To Create Killer Auction Listings
How To Write Winning Auction Descriptions
Sample Agreements, Forms, and Letters
And More, Including a Consignment Startup Checklist and an Online list of all the resources and links mentioned in the manual.Read more ›
Kudos to you Skip McGrath!!
me to sell his diecast cars. I sold every one, net profit to me: $2000....NOT BAD FOR A $20 BOOK!!!!
<a href='[...]>Click here to see my website!</a>
Most Recent Customer Reviews
Had a couple of worthwhile bits of advice, but overall this is a satellite view of running an ebay business, no real specifics about the details of running the business that are... Read morePublished 5 months ago by Eric Dawes
Unfortunately, as with many good thing eBay used to do, they have discontinued their consignment seller program. Read morePublished 20 months ago by napedog
A lot of good info. event though this book was written in 2006 i believe a lot of the principles he talks about still work today.Published 22 months ago by patrick
The product was very satisfactory, as was the cost. Thank you for speedy delivery.Published on June 4, 2014 by Chloe Leet
Theis book on starting and running an E-Bay consignment business provides the basics as well as many essential hints on how to start and successfully run an E-Bay consignment... Read morePublished on April 24, 2012 by Francis Folena