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eBay Consignments: The Giant Opportunity Hiding on eBay (Part I)


More and more, people are becoming aware that they have potential cash sitting in their closets, attics, and basements. But not everyone has the time or the know-how to tap into it, so these items remain where they are or are given away. Or worse, they're tossed out with the trash. eBay is about to change that.

eBay Consignments are a Growing Opportunity for experienced eBay sellers and a boon to consumers who want to unload their "stuff"

Heres a common scenario:

Renee has a basement full of record albums from the 1940's that she inherited from her Uncle's estate. She has no interest in them, and would love to see what she could get for them on eBay. The trouble is, Renee is not only unfamiliar with how eBay works, but she's also a "technophobe". She breaks out in a rash every time she sees a computer or a digital camera. But Renee has heard something about eBay consignments.

So, Renee asks her neighbor Anne, the eBay whiz, to help her out. Anne does a quick check of recently closed eBay auctions to see what similar items have been selling for. She adjusts Renee's expectations with this information, and the next day Renee drops off her cartons full of records.

Ann takes a couple of digital photos, writes a general description for the lot, and launches the eBay auction. She invites prospective bidders to email her with any questions.

Things go smoothly, and a week later the lot is sold. Renee is pleased with her earnings and extremely grateful to Anne. She asks Anne what she owes her for her hard work. Anne, good neighbor that she is, only accepts enough to cover her eBay expenses and tells Renee she can take her out to lunch some time.

An Opportunity Seized

This kind of informal arrangement has been going on between members and nonmembers of the eBay community for several years. Many auctions will state that "I'm selling this item for a friend", or "a woman in my neighborhood found these in her attic and asked me to sell them on eBay".

eBay, who has a knack for keeping an ear to the ground and spotting to trends, saw a golden opportunity in this kind of arrangement. In 2002, they launched the "eBay Trading Assistant" program.

The program is run on the same basic principal as eBay consignments, only more formalized. Sellers can now advertise themselves as Trading Assistants on eBay, and people with items to sell can use eBay's Directory of Trading Assistants to find someone in their area.

Because of eBay's minimum requirements for becoming a "TA", only those sellers with experience and a good reputation (or high positive feedback ratings, in "eBay language") have the privilege of selling items for others.

Benefits for Everyone

The system benefits the Trading Assistant by expanding their reach far beyond the next door neighbor. When a seller joins the Trading Assistants Directory, he or she is telling the world that they are willing to sell for others.

For those seeking out eBay consignments as a means to cash in their "stuff", the system offers an "official" source of experienced eBay sellers and information about how things work.

And of course all of this brings more business to eBay. As always, eBay is simply the portal for consignment selling, not an employer of the Trading Assistant. So each individual "TA" makes their own rules about how they wish to structure their eBay consignments business.

How it Works

Trading Assistants are experienced eBay sellers who have indicated their willingness to sell items for others for a fee. People who want to hire a Trading Assistant can search the Trading Assistant Directory to find someone to sell for them. All the terms of how the services will work are negotiated between Trading Assistants and their clients. You can become a Trading Assistant if you meet some basic requirements (1 past sale in the last 30 days and a feedback rating of at least 50 with fewer than 2% negative feedback points).

Cost and Requirements

Currently, it costs nothing to become a Trading Assistant and be listed in the eBay consignments Trading Assistant Directory. eBay has not expressed any intentions of charging for it, but they do reserve the right to change their policies.

To become a Trading Assistant, you need to meet the following requirements:

-You've sold at least 4 items in the last 30 days.

-You have a feedback score of 50 or higher.

-97% or more of your feedback is positive.

-Your eBay account is in good standing.

Note: The ability to join the directory is a privilege, not a right, and eBay can remove the ability of a TA to post to the directory if they receive complaints and/or find evidence of unprofessional behavior.

Interestng Facts

According to Walt Duflock, eBay's director of the trading assistant program, consignment selling has really taken off since the program's inception:

-The TA Program began in February 2002

-There are more than 50,000 registered trading assistants worldwide as of August 2004

-"Collectibles" is a very active category for TAs and TA clients

How to Find or Become a Trading Assistant

To find a "TA" At eBay, you'll be asked to enter your ZIP code code to find a Trading Assistant near you who can handle your eBay consignments. To find someone who specializes in particular items or services, you may select an item category or use their "Advanced Search" link.

Provided you meet the requirements listed above, you can fill out eBay's online application to become a TA and start your own eBay consignments business right away. Although you can run your business however you choose, and you're not employed by eBay, they do provide some assistance:

eBay provides extensive resources for the trading assistant program, among them Trading Assistant Worshops such as the recent one entitled, "Getting the Most Out of the New Trading Assistant Directory". The "Trading Assistant Toolkit" is an extensive directory of tools and education to help Trading Assistants market their services better and find more clients.

eBay also offers an Advertising Reimbursement program, which helps PowerSellers market their products and services offline by subsidizing a percentage of their

advertising efforts. And eBay has produced at least two training manuals outlining Best Practices for marketing, selling, fincance, efficiency, and working with clients.

With all of these resources at hand, anyone interested in eBay consignments, whether to tap into "the money in the attic" or to further their eBay auction success, is not likely to be disappointed.

Be sure to look for Part II, in which eBay takes the program to the next level with the Trading Post.

© Copyright 2004 Carolyn Schweitzer DDS. Dr. Schweitzer was a family dentist for 20 years and is now owner and editor of several websites. You can learn more about where to find specific links to the Trading Assistant and Trading Post programs by visiting her website at www.netbrainer.com/site/500041/page/449460.


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Thu. December / 05 / 2019

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Labor of Love, cup auction come together  soprissun.com

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Rare early Macintosh computer sells at auction for $120K  WAFB

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Vietnam introduces auction scheme for large-scale PV  pv magazine International

For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal. - The New York Times
For Auctions, It’s ‘No Froth,’ but ‘Steady.’ That’s the New Normal.  The New York Times

Retired U.S. Coast Guard Bramble sold at auction - Port Huron Times Herald
Retired U.S. Coast Guard Bramble sold at auction  Port Huron Times Herald

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Do I hear $1,000? Auction of Hahnemann University Hospital equipment begins  Philadelphia Business Journal

Record prices but dismal sell-through rates at Middle East auctions - The ClassicCars.com Journal
Record prices but dismal sell-through rates at Middle East auctions  The ClassicCars.com Journal

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Pirates legend Bill Mazeroski putting personal memorabilia up for auction  TribLIVE

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Never-Before-Seen Photos from the Making of ‘2001: A Space Odyssey’ Now Up for Auction  IndieWire

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US treasury announces refunding auction for next week  ForexLive

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New York State's First Cannabis Auction - PRNewswire
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Bilbo Baggins' pipe up for auction by Julien's Auctions  TheOneRing.net

Pair of Moroccan Resort Villas Head to Auction - Mansion Global
Pair of Moroccan Resort Villas Head to Auction  Mansion Global

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Petrobras supports new auction regime - BNamericas English
Petrobras supports new auction regime  BNamericas English

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Pristine Copy Of First Marvel Comics Issue Auctions For $1.26 Million  DOGOnews

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Jewelry, luxury vehicles on the block in next government auction  Mexico News Daily

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Record label rejected The Beatles' off these 1962 songs—now tape of the audition could sell for $90,000  CNBC

Christmas Tree Fantasy auction Thursday - LocalNews8.com
Christmas Tree Fantasy auction Thursday  LocalNews8.com

Fall Art Auctions See Significant Declines - The New York Times
Fall Art Auctions See Significant Declines  The New York Times

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Wright tree and wreath auction is tonight | Local News - Gillette News Record
Wright tree and wreath auction is tonight | Local News  Gillette News Record

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GE in Salem auctions off equipment in wake of production shutdown  Roanoke Times

The 'world's fastest UPS truck' has 850 horsepower and is now up for auction - Business Insider
The 'world's fastest UPS truck' has 850 horsepower and is now up for auction  Business Insider

Hitler's top hat up for auction in Germany - Reuters
Hitler's top hat up for auction in Germany  Reuters

This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory - Forbes
This Season’s Auctions? The “Old Normal” Says Head of Citi Art Advisory  Forbes

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Original Costumes From 1960s Series ‘Batman’ to Be Sold at Auction  Observer

Schumacher Ferrari F2002 becomes second-most expensive F1 car sold at auction | Formula 1® - Formula 1
Schumacher Ferrari F2002 becomes second-most expensive F1 car sold at auction | Formula 1®  Formula 1

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Dallas Auction House Sells a Marvel Comic Book For $1.26 Million  Dallas Observer

Rare Gauguin Sells for $10.5 M. at Auction in Paris - ARTnews
Rare Gauguin Sells for $10.5 M. at Auction in Paris  ARTnews

U.S. Treasury to conduct small-value contingency auction of FRNs - Reuters
U.S. Treasury to conduct small-value contingency auction of FRNs  Reuters

Paul Rudolph’s Walker Guest House heads to Sotheby’s auction - Curbed
Paul Rudolph’s Walker Guest House heads to Sotheby’s auction  Curbed

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Former St. Joseph Hospital building to be offered at auction  WNDU-TV

Festival of Trees auction raises $15K for Easterseals - Parkersburg News
Festival of Trees auction raises $15K for Easterseals  Parkersburg News

YWCA Festival of Trees Auction and Reception is Tonight - SweetwaterNOW.com
YWCA Festival of Trees Auction and Reception is Tonight  SweetwaterNOW.com

Justin and Hailey Bieber Curate 17 Artworks for Online Charity Auction - HYPEBEAST
Justin and Hailey Bieber Curate 17 Artworks for Online Charity Auction  HYPEBEAST

Contents of abandoned Arizona safe deposit boxes go up for auction - KTAR.com
Contents of abandoned Arizona safe deposit boxes go up for auction  KTAR.com

Lost masterpieces by Frank Lloyd Wright are up for auction - Archinect
Lost masterpieces by Frank Lloyd Wright are up for auction  Archinect

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Hemp Haven: An Auction and Market Bring the Plant Into the Mainstream  Memphis Flyer

Christie's Autumn auctions in Hong Kong total HK$2.63 billion - Christie's
Christie's Autumn auctions in Hong Kong total HK$2.63 billion  Christie's

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No Lincoln artifacts auction, foundation extends $9M debt  KTVI Fox 2 St. Louis

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Equines for Freedom Holiday Auction  PAHomePage.com

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BID For Kids – Auction Closes December 11th  WBIW.com

Auction Houses Find Singular Works for Fall Sales - Barron's
Auction Houses Find Singular Works for Fall Sales  Barron's

Winebaum’s iconic newspaper boy up for auction - Seacoastonline.com
Winebaum’s iconic newspaper boy up for auction  Seacoastonline.com

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The First-Ever Marvel Comic Book Has Sold at Auction for $1.26 Million  Observer

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Curacao court calls for auction of seized Venezuelan crude  S&P Global

This nirvana for nerds & collectors is hidden in the middle of a York, Pa. industrial park - York Daily Record
This nirvana for nerds & collectors is hidden in the middle of a York, Pa. industrial park  York Daily Record

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Participate in the Denver Nuggets Holiday Auction!  Nuggets.com

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Sacramento artist Thiebaud’s ‘Blueberry Custard’ fetches $3.225 million at auction  Sacramento Bee

NASCAR UPS Truck of Race the Truck Commercial Pulled from Auction - Car and Driver
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National Teachers Hall of Fame radio auction total now almost $25,000 and counting - kvoe.com
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Maker’s Mark, glass artists teaming up for one-of-a-kind bottles  Lexington Herald Leader

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Hoboken Shelter To Hold Annual Winter Auction  Hoboken, NJ Patch

Art Market 2019: NYC's Biggest Art Auction Sales To Tumble - Bloomberg
Art Market 2019: NYC's Biggest Art Auction Sales To Tumble  Bloomberg

Palatial Beach Estate in a Thailand Beach Resort Up For Auction - Mansion Global
Palatial Beach Estate in a Thailand Beach Resort Up For Auction  Mansion Global

ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First - Buffalo Business First
ACV Auctions closes on $150 million in venture capital, the largest single round in Buffalo history - Buffalo Business First  Buffalo Business First

Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources - Reuters
Exclusive: Failed Exxon talks left Petrobras stranded for auctions - sources  Reuters

Artist Peter Max’s late wife Mary’s jewelry is heading to auction - Page Six
Artist Peter Max’s late wife Mary’s jewelry is heading to auction  Page Six

Paris auction offers chance to step into Napoleon's shoes - Reuters
Paris auction offers chance to step into Napoleon's shoes  Reuters

Original Star Wars trilogy is center of next prestigious Sotheby’s auction - The Verge
Original Star Wars trilogy is center of next prestigious Sotheby’s auction  The Verge

Big oil stuns Brazil in back-to-back auction flops - Reuters
Big oil stuns Brazil in back-to-back auction flops  Reuters

Rare Mozart portrait flies above presale estimate at Paris auction - Reuters
Rare Mozart portrait flies above presale estimate at Paris auction  Reuters

Most of Boulder Beer's Equipment Goes Up for Auction - Westword
Most of Boulder Beer's Equipment Goes Up for Auction  Westword

Vintage Marvel Comics book sells for record $1.26 million at auction - Reuters
Vintage Marvel Comics book sells for record $1.26 million at auction  Reuters

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