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.

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Croatia T-bill auctions focused on zero-yield euro bills
Reuters
ZAGREB, May 22 (Reuters) - Croatia sold 190 million kuna ($30.45 million) and 28 million euros ($33.10 million) worth of one-year treasury bills in two separate auctions on Tuesday, Finance Ministry data showed. The sale of kuna bills fell well below a ...


NPR

New York's Spring Art Auctions Have Seen Some Yawns And Some Records
NPR
Updated at 2:50 p.m. ET Friday. The biggest surprise at Wednesday night's Sotheby's auction was a painting by Chicago-based artist Kerry James Marshall. Past Times set a record for a living African American artist at auction. It went for $21.1 million, ...
Sean Combs Is Revealed as Buyer of Kerry James Marshall PaintingNew York Times
Christie's $416m Impressionist and Modern art sale reaffirms bullish market for top materialArt Newspaper
Rockefeller heavy-hitters pull in $646m for charity at Christie'sArt Newspaper
Christie's -Jack Shainman Gallery
all 66 news articles »

Harness: Auctions underway for Trotting 4 Charity
Daily Racing Form
The Trotting 4 Charity auction is underway. You can find the full schedule and jerseys that are available at trotting4charity.com. Forty-nine jerseys will be auctioned off over the next few weeks. You can place your bid at anytime by commenting in the ...


Auto Remarketing

Lease returns, acquisitions mean opportunities for ADESA auctions
Auto Remarketing
They represent not only revenue opportunities in the traditional sense of how an auto auction is operated, but a means through which KAR can extend its services to new ventures. Take, for instance, KAR's recent purchase of mobility and fleet management ...

and more »

Reuters

Indonesia central bank steps up FX swap auctions to support liquidity
Reuters
JAKARTA (Reuters) - Indonesia's central bank will conduct three foreign exchange swap auctions this week to ensure there is enough rupiah liquidity in the market following its benchmark interest rate hike, a senior bank official told Reuters on Monday.
Bank Indonesia Steps Up FX Swap Auctions to Support LiquidityJakarta Globe

all 25 news articles »

Jalopnik

Mecum Auctions Mysterious 2017 Ford GT Sold For 1.65 Million ...
Jalopnik
Ford GT #48 was sold Saturday at Mecum's Indianapolis sale for an incredible 1.65 million dollars after a frenzied bidding war that progressed quite rapidly.

and more »

ecns

Holly's International 2018 Spring Auctions opens
ecns
More than 1,300 pieces of exquisite work will be shown during the 2018 Spring Auction at the Nan Fung International Convention & Exhibition Center in Guangzhou, Guangdong Province from May 20 to 23. The four-day auction was announced by Holly's ...


Wall Street Journal

Middle-Market Works Power New York Auctions - WSJ
Wall Street Journal
More than $2.8 billion worth of art changed hands at Christie's, Sotheby's and Phillips in New York, with buyers favoring mid-market works over trophy pieces.
Here Are the Top 10 Sales From the Spring Art AuctionsBloomberg

all 17 news articles »

Barron's

Contemporary Works Create Spring Auction Buzz
Barron's
One of the biggest takeaways from two weeks of nonstop art auctions in New York this month is that the appetite for quality works of art is as high as ever. Beginning Tuesday, May 8, with the sale of Peggy and David Rockefeller's vast and wide-ranging ...


Wall Street Journal

US Government Bonds Little Changed Ahead of Bond Auctions
Wall Street Journal
Short-term yields rose the most, with two-, five- and seven-year auctions occurring in the short- and intermediate-term parts of the yield curve. Many investors attribute at least some of the rise in yields this year to an increase in bond sales needed ...
US Treasury yields little changed after last week's climbCNBC

all 52 news articles »
Google News

eBay After Sales - as Important as the Listing Itself

Your eBay listing has finished and you have made a... Read More

How to Market with Niche Auction Sites

Online auctions are big business. But they can be big... Read More

2 Step Secret Reveals How You Can Find Wholesale Suppliers

Have you spent hours on the internet searching for a... Read More

How To Convert eBay Surfers into Bidders!

Do you know the phrase "A Call To Action"? Well,... Read More

The Quickest Way To Have A Product To Sell On The Internet

Creating a product from scratch that you can sell on... Read More

Ebay And Dropshipping, A Marriage Made In Heaven?

eBay is the 'BEST' opportunity you can use right now... Read More

From Ebay Zero To Power-Selling Hero: What It Takes

Have you ever wondered what it takes to be "the... Read More

Used Cars For Sale On EBay

There are thousands of used cars for sale on eBay... Read More

8 Collectible Dolls That Sell Well on eBay

From the beginning, eBay's primary growth came from the collectibles... Read More

eBay Motors : Buy or Sell a Car on eBay

Are you having trouble finding a great deal on a... Read More

Selling through Auction Marketplaces

Consumers are increasingly feeling more comfortable in buying products through... Read More

Your Auction Headline Or Title - The Most Important Part Of Your Auction

The words you select to describe your item will have... Read More

To eBay or NOT to eBay

FACT: eBay's Gross Merchandise Sales (GMS) 2003 - GMS, the... Read More

Online Auctions: 5 Ways Your Business Can Benefit From Online Auctions

Online auctions are now the new gold rush on the... Read More

Negating Negative Feedback on eBay

Taking some pride in my one hundred percent positive feedback... Read More

Join the Home-Based Business Revolution

Greetings, Friend. So you've decided to go into business. Great.... Read More

Mr. Rich vs. Mr. Job: How to Start a Dropship Business on eBay

Mr. Asset vs. Mr. Job....Discover the Secret Formula of the... Read More

Hurricane Katrina Donations Could be Many Millions More - EBay Sellers Try in Vain to Help

Yesterday I saw a mention in someone's email ezine about... Read More

Joint Venture For eBay Success Too!

Whether you're succeeding in your online auction attempts, just getting... Read More

The Top Ten Tips For Auction Success!

If you were to look through eBay, or any other... Read More

Save on EBay Fees with Free Image Hosting

Experienced sellers at online auction sites such as EBay will... Read More

The Webs Best Online Auction Sites

The best online auction links for buyers and sellers are... Read More

Online Auction Sellers - Seize Control Of Your Business!

As the online auction model of business continues to evolve... Read More

eBay is the Greatest Opportunity YOU Have to Create a Career Online

eBay's being spoken about everywhere these days. At work, school,... Read More

How to Locate Drop Shippers for Your Success

Like the human heart, drop shippers can keep the blood... Read More