How to Sell Other Peoples Possessions on Consignment

Written by admin on October 21, 2009 – 10:29 am

How to Sell Other Peoples Possessions on Consignment

If you know where to find buyers, then you can accept other people’s products and possessions and sell them on consignment. Depending on what you’re selling and how you’re selling it, your consignment fees may generally be in the range of 10% to 20% commissions. So if you sell an item for $100, you keep $10 to $20 and give the rest of the profits to the product owner.

The best way to sell the products is by using eBay. Here are some tips to help you sell other peoples possessions on consignment:

Create your profile on the eBay website

The first step is to go to the Trading assistant directory. From there you can select the type of products you’re selling. Make sure you will mention your name, location, telephone number and email address. Keep in mind that people will trust you more if you provide on the eBay profile all your information.

Describe your products

Write on the eBay page all the details about the product you’re selling. You should also post some clear pictures with the product. Visual images can really boost your eBay sales. Be sure that your writing is clear and informative. You should also let people know how you will deliver the product.

Cost of delivery

Make a special deal for the people who are living near by. Sell your products without any delivering costs. If necessary ad a percentage to the cost of the product in order to cover your expenses. When people will see there is no potage cost they will be more tempted to buy.

Reductions for the first clients

Mention on your eBay page that you will give a reduction for the first 10 buyers. This auction will help you attract more clients. You should offer the reductions if you have more identical products.

Get more products on consignment

Another good thing about eBay is that you can also get new products on consignment. Make sure you will mention this on your eBay profile. Let people know what is the percentage fee that you’re charging. Mention also your conditions. For example you should state if you wish to have the item in your possession during the consignment sale.

Describe what type of products you don’t accept to sell. For example you can choose not to sell products with a low potential sales value. Be sure to make your work worth your time.

The eBay Trading assistant logo

Insert the eBay Trading assistant logo on your profile page. This is another tool you can use to sell other peoples possessions on consignment.

Answer promptly to your emails

When you receive an email from a prospective eBay consignment client you should respond promptly. This way you will not risk to lose the sale.

EBay is the easiest way to sell other peoples possessions on consignment. To find products to sell on consignment, you can also place ads in your local newspaper, hang flyers, and ask for word-of-mouth referrals.

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