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

In The News:

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U.S. house-auction firm enters the Vancouver market  The Globe and MailAurelia Isidoro, who lives in New Jersey, was happy when her real estate auction firm decided to move into the Vancouver market. She'd visited the B.C. Lower ...
Pearl Harbor museum auctions adventures  AOPA PilotDecember 5, 2018 By Jim Moore. A helicopter journey from Seattle to Oshkosh, Wisconsin, for EAA AirVenture and upset recovery training in jets are among the ...
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IPL Auction to be Held in Jaipur on December 18  News18The player auction for the 12th edition of the Indian Premier League will be held in Jaipur on December 18, the Board of Control for Cricket in India confirmed.
Qualcomm upbeat on 5G deployments in India, calls for early airwaves auction  Economic TimesHAWAII: US chipmaker Qualcomm is upbeat on the upcoming 5G rollouts in India and has made a strong pitch for an early auction of airwaves, especially in ...
Loan squeeze sparks call for six-week auction campaigns  The Australian Financial ReviewHome loans are taking so long to approve that the typical four-week sales campaign is now too short and should be extended, says a leading property market ...
IPL Auction: 5 Unsold Stars From 2018 Who Could Attract Big Bids  The Quint2019 IPL Auction: 5 players who went unsold in the 2018 IPL auction but could attract a bidding war this time around. The IPL auction is in Jaipur on 18 ...
FCC OKs Auction Rules for High-Band Spectrum  Light ReadingWASHINGTON -- The FCC today took a significant step toward holding a major 5G spectrum auction in 2019 by adopting new rules that will promote the ...
EBTH auctions off historic Reds memorabilia  WKRC TV CincinnatiCINCINNATI (Cincinnati Business Courier) - Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of ...
EBTH auctions Reds memorabilia - Cincinnati Business Courier  Cincinnati Business CourierCincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of Reds history.
Overall sales clearance rate of 29% of Barfoot & Thompson's auctions last week on 180 residential properties marketed for sale  Interest.co.nzActivity remained remarkably steady in Barfoot & Thompson's auction rooms last week, with the real estate agency marketing 180 residential properties for sale ...
Car used by LeBron James as high school senior going to auction  ESPNThe 2003 Hummer H2 used by LeBron James as a high school senior will hit the auction block and is expected to fetch over $100000.
Online Auction Tips for Beginners  Market Business NewsThis article has some useful online auction tips for beginners. You should set a maximum bid, chose low-attended auctions, and avoid setting round amounts.
5 players CSK could target in the IPL auction  SportskeedaThe Chennai Super Kings are one of the most consistent and dominant teams not just in the IPL but across the franchise cricket in the entire the world.
Gazprom Export's electronic auction gas sales hit 10-week high  S&P Global PlattsRussia's Gazprom Export sold the biggest daily volume in 10 weeks on its Electronic Sales Platform (ESP) on Tuesday, with total sales reaching 88 million cu m.
Looks Like the Kids Aren’t Going to College After All: Luke Skywalker’s Lightsaber Is Up for Auction  VultureHollywood auction house in Profiles In History is putting Luke Skywalker's lightsaber from Star Wars: Episode IV – A New Hope up for auction.
Scottish site sold at auction for twice the guide price  Forecourt TraderA former petrol filling station site in Fife Scotland, has sold at auction for twice its guide price. The deal took place at the final sale of the 2018...
The 10 Bangladesh players registered for IPL auctions  The Daily StarThe 2019 IPL players auctions is set to take place on December 18 and Bangladesh Cricket Board (BCB) registered the names of 10 Bangladesh cricketers who ...
Landmark Sonrise sign goes up for auction  The State Journal-RegisterIt looks like sunset for the Sonrise Donut neon sign that has welcomed visitors along one of Springfield's original stretches of Route 66 for nearly seven decades.
IPL 2019 Auctions: 5 players who can start a bidding war  SportskeedaThe IPL teams have completed the process to retain their players for the 2019 season, throwing up some interesting surprises with the list of retained and ...
Record prices set for Rolex and Patek Philippe at Geneva watch auctions  British GQA record result for Phillips was just one of the outcomes for collectors and consigners alike at the latest installment of the Geneva watch auctions with, ...
IPL 2019: Yuvraj, McCullum, Malinga Among 346 Names Shortlisted For Auction  News18From 1003 cricketers that had initially registered themselves for the 2019 IPL Auction, 346 cricketers, inclusive of 226 Indians, have been shortlisted for the ...
Unclaimed items up for auction in Phoenix | Arizona News  AZFamilyThe Arizona Department of Revenue will be auctioning off unclaimed items from inactive safe deposit boxes.
Kicks To Beat Cancer auctions to support The V Foundation  ESPNPlayers such as Kevin Durant, Stephen Curry and Kyrie Irving joined forces with ESPN's Paul Pierce, Tracy McGrady, Scottie Pippen and others to raise money ...
A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520  CNNThis photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week.
2018 charity auction raises over £70000  Jersey Evening PostTHE 2018 Jersey Christmas Appeal raised more than £70000 after some of the best star lots ever received went under the hammer.
Auction of Bahrain's stalled Amwaj Gateway postponed again  Arabian BusinessThe long-awaited auction of Bahrain's stalled Amwaj Gateway mixed-use real estate development has been postponed until 2019. Bahrain's Judicial Committee ...
Auction Report: The Rolex Ref. 6062 'Dark Star' Is The Coolest Watch Of This Week's New York Auctions  HODINKEEChristie's is selling this unbelievable triple calendar for the second time – and the results will be very interesting.
Classic L88 Chevrolet Corvettes Head to Auction, Hammer Price Expected to Surpass $1 Million  The DriveTwo extremely rare L88 Chevrolet Corvettes are on their way to auction with Mecum in January. These two examples are being sold as a pair and could pull in ...
Historic Madeira bottling fetches nearly $16,000 at auction - Decanter  decanter.comSale took place during a Madeira auction held by Christie's in New York and including a cache of historic wines found in the cellars of Liberty Hall Museum.
SBI mega e-auction on 10 Dec: 1,000 residential, commercial properties on sale; key things to know  The Financial ExpressFor those looking to buy affordable residential or commercial property having the least chances of fraud and without any legal hassle, a good opportunity has ...
Tom Brady tops auction bids for 'My Cause, My Cleats' - NFL Nation- ESPN  ESPNThe auction bidding for the shoes Tom Brady wore against the Vikings is significantly higher than the cleats for other players.
Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here's Why  FortuneThe 5G airwave license auction got off to a slow start, as few bidders offered the Federal Communications Commission much for the spectrum.
Tom Brady currently leading 'My Cause, My Cleats' auction by a lot  WEEIThis is the final week of the NFL's "My Cause, My Cleats" campaign where players can wear special cleats to show support for their favorite charities. After, the ...
Online auction of used government equipment recoups millions every year  Global NewsYou could call it G-Bay, the federal government's auction of surplus goods. Stuff like old printers and vehicles purchased for emissions tests. Mike Le Couteur ...
6 questions about tax foreclosure auction Wayne County needs to answer  Detroit Free PressTo fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem.
Seized, lost Perth Airport items go to auction  The West AustralianEver wondered what happens to the items confiscated from Perth Airport passengers?
Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction  USA TODAYThe private treasures of Frank Sinatra and his wife, Barbara, were a multimillion-dollar hit at auction.
Anger as Durban car auction reserved for township blacks only | Sunday Tribune  Independent OnlineCar auction excludes Indian and Coloured bidders who were also historically disadvantaged during Apartheid.
Castle-like Bluffton mansion listed for $9M will be sold ... in Hong Kong. Here's why  The Island PacketA castle-like mansion listed for sale for $9 million in Bluffton, South Carolina, will have a new owner in December after an auction in Hong Kong. The realty firm ...
Hybrid tender will see reverse auction among two bidders  Economic TimesNEW DELHI: The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy ...
Coins, silver and baseball cards up for ADOR auction on Friday  KTAR.comThe Arizona Department of Revenue will hold a public auction Friday of unclaimed property from safe deposit boxes.
MLB auction offers once-in-a-lifetime experiences  MLB.comLAS VEGAS -- In what has become an annual tradition, Major League Baseball and its 30 clubs have organized a charity auction during the Winter Meetings, the ...
Dinner with Baker Mayfield, fiancée gets huge bid at Providence House auction benefit  WJW FOX 8 News ClevelandCLEVELAND -- The Cleveland Browns and QB Baker Mayfield helped out with a great cause Tuesday night. It was the Providence House's 23rd Annual Deck ...
Man auctions daughter as child bride on Facebook, gets 500 cows, 3 cars, $10,000  WCBD News 2(WFLA/CNN) - A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride.
Watch: Russian rock music fan auctions skin tattooed with autographs  Euronews EnglishRock music fan Yuri Galaktionov wants his skin to be auctioned off after he dies.
Auction numbers declining as the end of year wind down begins, but sales rates are steady  Interest.co.nzBarfoot & Thompson took fewer properties to auction last week as the market begins its wind down to the Christmas/New Year break. The agency marketed 148 ...
The Biggest Winner of Auction Week and 12 Other Takeaways From New York’s $2 Billion Sales  artnet NewsFrom the biggest winner to the most surprising pass, here are our parting observations from last week's auction marathon. artnet News, November 20, 2018.
After winning island vacation in silent auction, family feels taken  The Boston GlobeAt first, it was a joyous occasion for the Greene family. They had made the winning bid at a silent auction for a week's vacation for 12 at a swanky beach resort in ...
After A Slow 6-Months, E-Auctions In Haryana Turn A Roaring Success: Rs 100 Crore Generated In Single Day  SwarajyaThe urban planning body of Haryana, the Haryana Shehri Vikas Pradhikaran (HSVP) has thrown up a surprise success in its latest online auction of commercial ...
Beaver Valley Bowl building fails to sell at auction  The TimesThe building that houses Beaver Valley Bowl failed to sell at auction last week but will remain on the open market for the foreseeable future.
German officials sound China alarm as 5G auctions loom  ReutersBERLIN (Reuters) - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from ...

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