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An Emerging Market in eBay Consignments:
The eBay Trading Post (Part II In A Series)


In 2002, the eBay consignments business was born, referred to by eBay as the Trading Assistant Program.

It's possible that eBay didn't foresee just how much they would benefit form their eBay consignments program. Designed to unite experienced eBay sellers with people who want heir merchandise sold on eBay without having to do it themselves, the Trading Assistant program has enjoyed enormous success.

As big as eBay had become -- larger than all other online auction venues combined -- they were still missing out on a large segment of the population; the technophobes. These people would sell goods on eBay if they had access to a computer and a digital camera, and had the time and inclination to learn how to run an auction. But they either don't have the technology or they lack the desire to become auctioneers, or both. Since they're not on line, they're not likely to learn about Trading Assistants who advertise primarily through eBay. And even if they saw the ads, they probably wouldn't trust them.

You see, people active in the online community are already comfortable with the environment, which has an element of anonymity. But a non-computer person is more likely to want to deal with a real, brick-and-mortar retail business. They may not trust someone who runs auctions out of their home.

How to reach these people? Introducing the concept of the "Trading Post"...

A Trading post is to eBay consignments what the typical consignment shop is to the average community. It's a drop off location that allows consumers to drop their stuff off and have it sold for them as a service. It's a retail location that markets itself to consumers as a local, experienced eBay consignments seller -- a Trading Assistant with a brick-and-mortar store.

While any eBay trading assistant can establish an eBay consignments service out of a retail location, only a Trading Post can put the eBay brand on their physical storefront. (A trading assistant can only advertise inside their store). With this privilege comes a higher standard, ie, eBay has "raised the bar" on their requirements.

A Trading Post must meet the following additional requirements:

-Offers a staffed drop-off location or storefront with regular drop-in hours, so that clients can visit the location without calling ahead.

-Has a feedback score of 500 or higher

-Has at least 98% positive feedback

-Has sales of at least $25,000 on eBay each month

Online, clients can search for Trading Posts specifically, and Trading Posts may receive priority placement in search results. (Yes, even some online clients prefer the retail setting). Also, Trading Posts are displayed with a special icon next to their User ID. If you're a Trading Assistant who also meets the requirements, you automatically qualify as a Trading Post and do not need to take additional steps.

Walt Duflock, Director of the eBay Trading Assistant Program and a real life trading assistant, has announced eBay's intention of having "secret shoppers" and "customer satisfaction surveys" to see if there are certain Trading Post locations eBay would like to support more than others.

Regardless of your status on eBay, there are tools that everyone can use to build their success as TAs, available on the eBay site. I've found many of them quite valuable. For example, among their efficiency tools, they recommend using contact management software. eBay regards this as a great tool for getting "a better understanding of how many prospects it takes to actually create one new client and how long it takes for a client to go from initial contact to hiring you as a TA."

And as far as support, some of the Trading Posts have become so large that they no longer rely on eBay for help. Some have developed their own proprietary systems for tracking customers and inventory, and managing their auctions. The largest and most successful eBay consignment business will even get you started with your own franchise which includes the use of their proprietary systems. All you need to come up with is $55 K plus operating expenses.

But, never fear. You can start your eBay consignment business on a shoestring, and this is how the majority begin. Since 1998, eBay and similar auction sites have been growing by leaps and bounds. eBay consignments are still in their infancy, but I predict a very bright future!

© 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 http://www.netbrainer.com/site/500041/page/449460

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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Sun. June / 16 / 2019


Carlisle sets Summer Sale collector car auction for June 22  The ClassicCars.com Journal

Carlisle Auctions' Summer Sale, scheduled for June 22 in Carlisle, Pennsylvania, features a docket topped by a 1989 Lamborghini Countach driven just 2284 ...


Daredevil Star Deborah Ann Woll Auctions Cast-Signed Funko POP! for Charity  Comicbook.com

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1929: After auctions, new owners and a player's strike  syracuse.com

On June 16, 1929, the Syracuse Stars were sold and left town, leaving the city without a baseball team.


KAR Auctions Services To Spin Off Insurance Auto Auctions on June 28  Forbes

On June 5, 2019, KAR Auctions Services announced that separation of IAA Spinco has been approved. Distribution date will be on June 28, 2019. Spin-Off ...


Exclusive: Mexico to cancel October auctions for Pemex joint ventures - sources  Reuters

MEXICO CITY (Reuters) - Mexico's oil regulator plans to announce the cancellation of auctions scheduled for October to pick joint venture partners for state-run ...


US Government Auctions Off Palm Beach Home Owned by Former Venezuelan Treasurer Alejandro Andrade  Miami New Times

After a former national treasurer of Venezuela pleaded guilty to taking $1 billion in bribes, his illegitimate riches continue to be auctioned off by the U.S. ...


Auction Houses Wright and Rago to Merge -  ARTnews

Wright, an auction house specializing in design that is based in Chicago and New York, has announced plans to merge with the New Jersey–based auction ...


Auction calendar: June 14, 2019  Wisconsin State Farmer

... ** Indicates an auction ad appearing in this issue of the Wisconsin State Farmer. FRIDAY, JUNE 14. Reeseville, WI. 10:00 AM Quality Feeder Cattle Sale held ...


Citigroup Suspended From Japan Bond Auctions on Manipulation  Bloomberg

Citigroup Inc. was suspended from the primary group of dealers that participate at certain Japanese government bond auctions after it was found to have ...


Government's auction of confiscated real estate set for June 23  Mexico News Daily

Confiscated real estate — one parcel housed a meth lab — goes on the block next week in another government auction.


Mexico's CNH cancels Pemex onshore farmout auctions  S&P Global Platts

Fields have combined 58000 b/d, 310 MMcf/d production potential Follows earlier auction cancelations, moves to bolster Pemex Mexico's Comision Nacional de ...


5G Hype Fails to Ignite Much Bidding for 5G Airwave Rights  Fortune

The federal government's latest auction of airwave rights that can be used for super-fast 5G mobile phone *service* brought in only $2.7 billion, a fraction of the ...


FCC names winners of $2.7 billion 24-28GHz millimeter wave auctions  VentureBeat

Six months after the FCC started the bidding process for U.S. millimeter wave spectrum, the winners of the $2.7 billion auction have finally been revealed.


Burt Reynolds' belongings up for auction this weekend  WPTV.com

Hundreds of items belonging to the late actor Burt Reynolds will go up for auction this weekend.


Brazil's Odebrecht expects to take part in Petrobras auctions in 2019  Reuters

Brazilian conglomerate Odebrecht SA's construction unit expects to speed up talks with Petroleo Brasileiro SA to resume providing services to the state-run oil ...


The art auction boom in figures  FRANCE 24

Paris (AFP). Leonardo da Vinci's "Salvator Mundi" smashed the world record for the most expensive artwork sold at auction, more than doubling the previous ...


Rostraver home up for auction, starting bid $1.95 million  TribLIVE

Have a few million dollars to spend? A home in Rostraver Township is up for auction Wednesday by Chartwell Real Estate Auctions, with the first bid starting at ...


'World's cheapest' Ferrari listed at auction for $245  Fox News

A Ferrari worth more than £100,000 ($125,000) is set to go under the hammer for just a tiny fraction of that price. The flashy red sports car could become the ...


Selected Western livestock auctions | Livestock Auctions  Capital Press

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How Do House Auctions Work?  Yahoo Finance

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Guinness-Record Organic Whisky Available At Hong Kong Auction  Forbes

International auction house Spink will sell a full cask of rare organic Springbank Scotch whisky tomorrow.


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Mock slave auctions at a private school in Bronxville, New York, in which white students were urged by a fifth grade teacher to bid on black classmates, "had a ...


14th-Century Spanish Estate, With a Chapel, Near Barcelona Heads to Auction  Mansion Global

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Personal Items from Marilyn Monroe, Jerry Lewis to be Auctioned  Hollywood Reporter

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David Hall, owner of National Book Auctions, was arrested on a felony second-degree grand larceny charge in November.


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The piece, by artist Guo O Dong, is titled "The Persistence of Chaos," and the name is apt because the laptop could wreak some serious havoc.


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Tintin original cover art bought at auction for more than $1 million  CNN

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Burt Reynolds' Belongings Up For Auction  NPR

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Apollo 11 items up for auction in Amherst  WMUR Manchester

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Police auction gives stolen and abandoned items new life  KSNB Local 4

Dozens of people brought their auction paddles to bid on items the Kearney Police Department have been collecting from various cases.


EU approves Italy's auction scheme for renewables incentives  pv magazine International

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EU Court of Auditors says more renewables auctions are needed  pv magazine International

The audit agency said at least half the EU member states will be unable to reach their 2020 renewable energy targets, including the Netherlands, France, Ireland ...


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Silent auction fundraiser held for Owen Jones  wlfi.com

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St. Francis School campus-wide auction begins June 17  KHON2

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The Ministry of Finance in Japan has suspended Citigroup's C Japanese unit, namely Citigroup Global Markets, from availing special entitlements granted to ...


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An original drawing of Belgian comic legend Tintin went under the hammer for $1.12 million (€987,000) on Saturday, Heritage Auctions told the Agence ...


Buffett Charity Lunch Auction Opens on eBay With $25,000 Bid  Bloomberg

Warren Buffett has raised close to $30 million for a San Francisco charity with 19 years of annual auctions, and he's not finished yet.


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NDDOT to add online vehicle auctions  KFYR-TV

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Fredericksburg is looking to the future of its controversial slave auction block now that the City Council has voted to have it moved.


Huntsville City Schools vehicle auction through June 16  rocketcitynow.com

Huntsville City Schools is auctioning off cars, work trucks, and specialty vehicles to bring money into the school district.


Nazi Code-Making Enigma Machine Is Up for Auction  Live Science

A rare Enigma machine — a German gadget that encoded secret messages during World War II — is up for auction. The device is unique, even among Enigma ...


IRS auctions: Your chance to take home the gold  Concord Monitor

A New Hampshire nutritionist who allegedly filed no federal tax returns for five years and tried to hide assets such as his homes by selling them to himself in ...


New York Private School Teacher Held Mock Slave Auction: State AG  HuffPost

A private school in Westchester County, New York, was investigated by the state attorney general's office amid allegations a teacher conducted a mock slave ...


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Egyptian authorities are trying to stop Christie's planned sale of a sculpture of Tutankhamen they believe was looted.


Einstein's childhood toy up for auction  The Jerusalem Post

Every parent wants their child to grow up to be a genius. But how many can say they gave their son or daughter the same toy Albert Einstein played with as a kid ...


Hub City cattle auction results | Markets  High Plains Journal

The Hub City Livestock Auction, Aberdeen, South Dakota, reported receipts of 4898 head of cattle selling June 12, compared to 2594 head the previous week ...


Have stuff to sell because of downsizing, divorce or death? An estate sale or auction could be your answer.  Washington Post

Whether you are baby boomer who is downsizing, someone faced with a divorce or with the loss of a loved one, there will come a time to decide how to handle ...


Guitar collection of Pink Floyd's David Gilmour to go to auction  UPI News

Christie's in New York plans to auction more than 120 guitars in the personal collection of Pink Floyd great David Gilmour later this month.


The Subtle Psychology of Auction Fever  The Wall Street Journal

A behavioral economist answers questions on bidding wars, making friends and unreasonable politics.


CBA proposes FUEL auction process for C-band  FierceWireless

The CBA insists its proposal is the fastest, most efficient way to transition mid-band spectrum to terrestrial 5G *service*. (Pixabay). Share Facebook Twitter ...


'Barn find' toy car sells for thousands at auction  Fox News

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Namibia forced by drought to auction 1,000 wild animals  The Guardian

Drought-hit Namibia has authorised the sale of at least 1,000 wild animals – including elephants and giraffes – to limit loss of life and generate US$1.1 million for ...


Babe Ruth jersey could set new auction record  Newsday

Babe Ruth is not necessarily through setting records. On Saturday, he will try to break one of his own when a game-worn Yankees road jersey from the late ...


Online Auction Platform Dropit Combines The Excitement Of Gaming With Retail  Forbes

DropIt is an online platform for 60-second reverse auctions, where prices start high and ratchet lower in one second increments. Founders, co-chief executives ...


Gun that likely killed Vincent van Gogh goes on auction  New York Post

The gun is expected to fetch up to $67000 when it goes up for sale on June 19.


Dawnus auction raises over £5m  BBC News

More than £5m has been raised at an auction selling off equipment owned by collapsed construction firm Dawnus. More than 2,000 people across the globe ...


Painting attributed to Caravaggio on display before auction  Dayton Daily News

Visitors on Friday were given one last chance to admire a 400-year-old painting found in an attic in southern France and attributed to Italian master Caravaggio, ...


Oregon Ranch With Own Airstrip in a National Forest Heads to Auction  Barron's

A sprawling Oregon ranch with its own private airstrip is headed to auction next month without reserve. Known as Illahee Ranch, the estate spans more than 77 ...


Moe Howard memorabilia auction has something for every wise guy  TribLIVE

If you're a Three Stooges fan, why, you oughta … check out the “Personal Collection of Moe Howard,” a special five-day online auction June 24-28 presented by ...


Tales from the Oak Park Police Impound Auction  Oakland County 115 News

Tales from the Oak Park Police Impound Auction. (Crystal A. Proxmire, June 9, 2019). Oak Park, MI- A morning of auctioning off vehicles impounded by police is ...


State fleet vehicle auctions in North Dakota now allow online...  Jamestown Sun

BISMARCK — The North Dakota Department of Transportation has announced that state fleet vehicle auctions will now have an online bidding opportunity for ...


Annual Houston County surplus auction is coming up. Here’s what’s for sale.  Macon Telegraph

Want a fire truck, a cheap ride or some oddity owned by Houston County? Check out the county's surplus auction June 6. A 1987 Ford Firetruck with 42,494 ...


Oleg Cassini Estate Auction: A Close-up of the Designer’s Life, Career and Collection  WWD

One of the most alluring offerings of the auction are the detailed letters, notes and sketches that the former first lady exchanged with the designer to craft her ...


Kurt Cobain pizza-soaked setlist plate sells for $22,000 at auction  Alternative Press

One Nirvana fan just bought a used paper plate that frontman Kurt Cobain ate pizza off of once for $22,000. The sale took place at an auction put on by Julien's ...


James Bond's Aston Martin From Goldfinger to Go up for Auction for an Estimated $4 Million Plus  Comicbook.com

It's one of the great iconic cars of movie history, the Aston Martin DB5 driven by Sean Connery's James Bond in both Goldfinger and Thunderball and if you've ...


Bring A Trailer Auctions Mercedes-Benz 300SL Gullwing for "White Glove" Service Launch  HYPEBEAST

Car collection auction platform Bring A Trailer has announced two new premium services titled “Plus” and “White Glove.” The auction company takes its Classic ...


Small North Texas Firm Wins Auction for Lee Sculpture in Dallas | Texas Lawyer  Law.com

A small firm near Dallas won an auction for a controversial sculpture, agreeing to pay more than $1.4 million to the city of Dallas for Robert E. Lee and the ...


Rare Books &c. at Auction This Week  Fine Books & Collections Magazine

Five auctions to watch this week: At ALDE in Paris on Tuesday, May 28, Reliures Originales & Livres Illustrés Modernes, in 343 lots. Rating the top estimate is a ...


'Philosopher's Stone' Hardback With Daniel Radcliffe's First Autograph Up for Auction! - The-Leaky-Cauldron.org  The Leaky Cauldron.org

BigNews, Books, Coltrane, Columbus, Fandom, Fans, Felton, Films, Grint, Harry Potter and the Philosophers / Sorcerers Stone, Movies, News, Potter News, ...


Who Were the Breakout Stars of New York’s Spring Art Auctions? We Crunched the Numbers to Find Out  artnet News

Data shows which new entrants to Christie's, Sotheby's, and Phillips contemporary sales sparked the fiercest bidding in New York.


DNR surplus auction in New Ulm | Local  Crow River Media

Pick-ups, boats, UTVs and other items will be for sale during a public auction of surplus equipment held by the Minnesota Department of Natural Resources.


‘Substantial’ Lock of Beethoven’s Hair Heads to Auction  Rolling Stone

A lock of Ludwig van Beethoven's hair, which the composer cut off himself and gave to a pianist in 1826, will hit the auction block this Tuesday. Sotheby's will ...


IRS to auction off hundreds of gold, silver coins seized from tax evader  Fox Business

The IRS is set to auction off some valuable assets this week that were seized from a person who failed to pay taxes to the agency over a number of years, ...


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Yesterday I saw a mention in someone's email ezine about a kind person who had an eBay auction with the proceeds going 100% to help victims of the horrible Hurricane Katrina. It struck a chord with me because I had wanted to set up something similar, but found that the "eBay Giving Works" charity program seems to be terribly flawed for us small sellers.


eBay Gold
Internet auctions are relatively new having been around since the mid 1990's. There are several Internet auctions including Yahoo Auctions and UBid.


Buying At Auction: 6 Hints to Make You a Successful Bidder
Buying at auction, be it for stamps or coins, antiques or even cattle, can be one of the most exciting and profitable experiences possible. It can also be expensive and utterly frustrating.


Six Steps Towards Successful Buying at eBay Auctions
Buying on eBay can be very rewarding, either in terms of being able to pick up items cheaply or for hunting for hard to find items. Although generally the experience is good, there are instances where things can go badly wrong.


Shipping Supplies For Your eBay Auction Business
Auction supplies are clearly an expense and major consideration for an eBay auction business. Of course, the most critical supply is the item you are selling, but mailing supplies are necessary for every auction and their cost and supply must be figured into your overhead.


Royal Memorabilia -Smart Trading and Fake Dodging
This is my second article about trading royal memorabilia on eBay and other online auctions. We're going to explore just what items are really tradable, how and where to find your stock and mention some definite pitfalls to avoid.


How To Find Tons of Hot Items Selling On eBay ...In Less Than 10 Minutes
There are many ways to start a home business online, and few are easier than eBay - the world's largest online auction site. However, there is one critical condition - you have to know what to sell and how to sell it.


Be Realistic When Selling on eBay
As some of you know, I spent many years buying and selling both on and offline and several of my products are based upon my own experience in this area. I know that the vast majority of my customers and subscribers have an interest in trading whether it be on eBay or at the local market but more and more I am seeing people with completely unrealistic expectations of what they will be able to do.


Online Auction Sellers - Seize Control Of Your Business!
As the online auction model of business continues to evolve toward a more commoditized, corporate marketplace, it is time for online auction sellers to seize control of their business, before it's too late. In this article we will highlight some effective steps you can take to shift control back to your own business.


Game Theory, Nobel Prize, & Auctions - Auction Primer Series - Part 1
William Vickrey, highly regarded as the founder of auction theory, was an economics professor at Columbia University when he published two papers outlining his views on auctions: "Counter speculation, Auctions, and Competitive Sealed Tenders", 1961, Journal of Finance "Auction and Bidding Games", 1962, Recent Advances in Game Theory. In 1996 he received a Nobel Prize "for fundamental contributions to the economic theory of incentives under asymmetric information." It's important to understand that asymmetric information is an essential component of auctions, where potential buyers have varying levels of knowledge about the value of the item.

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