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How To Save Franchise Fees and Set Up Your Own eBay Drop Off Store


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


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. January / 18 / 2018

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What Bob wants at Russo and Steele's Scottsdale auction - The ClassicCars.com Journal (blog)

The ClassicCars.com Journal (blog)

What Bob wants at Russo and Steele's Scottsdale auction
The ClassicCars.com Journal (blog)
By far the most-dramatic and action-packed collector car sale of Arizona Auction Week, Russo and Steele has grown into its new-and-improved location at Salt River Fields in Scottsdale (technically, the big sports complex is part of the Salt River Pima ...


Auctioneering firm launches bidding service for househunters on the web - Connacht Tribune Group

Auctioneering firm launches bidding service for househunters on the web
Connacht Tribune Group
O'Donnellan & Joyce are adding an online bidding system for their 'Wild Atlantic Way' property auctions. Their first property auction of the year will launch on February 1, with the auction itself taking place on Thursday, March 1. It will coincide ...


IPL Auction 2018: Andre Russell, Yuzvendra Chahal and others who hit the roof at bargain prices - Firstpost

Firstpost

IPL Auction 2018: Andre Russell, Yuzvendra Chahal and others who hit the roof at bargain prices
Firstpost
The Rajasthan Royals bought him for just Rs 50 lakh in the auction of the inaugural edition in 2008. He was adjudged the 'Player of the Series' for his all-round contributions to the Royals' title-winning campaign. He scored 472 runs with the bat and ...

and more »

Auctions a fear for nearly 1 in 5 buyers - Smart Property Investment

Smart Property Investment

Auctions a fear for nearly 1 in 5 buyers
Smart Property Investment
Almost one in five Australians are afraid of buying or selling properties via auctions, according to a new study. A survey of 2,017 Australians conducted by finder.com.au found that while 60 per cent of respondents had “no opinion” on home auctions ...


Eureka flag seller owed $20,000 after auction house Mossgreen ... - The Age

The Age

Eureka flag seller owed $20,000 after auction house Mossgreen ...
The Age
The former owner of a remnant of the Eureka Flag has been left unpaid after the financial collapse of the auction house handling its sale. Adrian Millane inherited the piece of the flag from his grandmother Gertrude Hanlon. It was reportedly given to ...

and more »

Cboe approval shakes up stock market's closing auction - Financial Times

Financial Times

Cboe approval shakes up stock market's closing auction
Financial Times
Regulators have given Cboe Global Markets approval to create an alternative to closing auctions for the US stock market, in a victory for the exchange that could shake up one of the most important moments in the trading day. The decision by the ...

and more »

IPL 2018: Gautam Gambhir likely to be retained by KKR via RTM, says Virender Sehwag - Times Now

Times Now

IPL 2018: Gautam Gambhir likely to be retained by KKR via RTM, says Virender Sehwag
Times Now
Former Indian cricket team opener Virender Sehwag, who is being seen promoting Star Sports Election Se Selection campaign for the Indian Premier League (IPL) 2018, gave his insights into the gruelling topic of former colleague Gautam Gambhir not being ...

and more »

Jasper52 auction sparkles with precious gemstones Jan. 23 - Auction Central News

Auction Central News

Jasper52 auction sparkles with precious gemstones Jan. 23
Auction Central News
Blue sapphire (11.22 carats) and diamond (0.88 carats) 18K white gold ring by Orianne. Estimate: $15,000-$17,000. Jasper52 image. NEW YORK – Fine jewelry in a variety of forms and a selection of loose gemstones are featured in a Jasper52 online auction ...


Crescent City Auction features famous Southern names Jan. 27-28 - Auction Central News

Auction Central News

Crescent City Auction features famous Southern names Jan. 27-28
Auction Central News
South Carolina artist William Aiken Walker (1838-1921) has been featured in past Crescent City auctions. His 19th-century oil on board titled Cabin Scene (above), signed lower left and measuring 8 ¾ inches by 11 ¾ inches, has an estimate of $12,000-$15 ...


Stock Market's Crucial End-of-Day Auctions Set for Shakeup - Wall Street Journal

Wall Street Journal

Stock Market's Crucial End-of-Day Auctions Set for Shakeup
Wall Street Journal
Regulators dealt a blow to the New York Stock Exchange and Nasdaq Inc., NDAQ 0.05% approving a plan by a rival to loosen their grip over the crucial 4 p.m. closing auctions that determine the final end-of-day prices for thousands of stocks. Securities ...

and more »

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