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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Kareem Abdul-Jabbar Puts Memorabilia Up for Auction  The New York TimesThe auction includes four N.B.A. championship rings.
Abbotsford electric substation turned luxury home up for auction (PHOTOS)  Daily HiveIf you're looking for a unique home in the lap of luxury, then this property, once an electric substation in Abbotsford, might be the place for you.
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Sydney auctions: Two-bedroom Kirribilli apartment sells $900,000 above reserve  Domain NewsTwo balconies with panoramic harbour views, a clutch of cashed-up downsizers and a highly sought address pushed an apartment in a tightly held Kirribilli ...
'First' David Bowie Starman demo sells at auction for £50,000  BBC NewsA tape that is believed to be the first recording of David Bowie's Starman has fetched more than £50,000 at auction. The 1971 tape, which had a pre-sale guide ...
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Butte community gathers for Calcutta auction, supports cystic fibrosis charity  Montana StandardDozens of cars filled the Butte Country Club parking lot and lined Elizabeth Warren Avenue on Wednesday night for the annual NCAA March Madness Calcutta ...
Strong auction bidding sees 220ac Waterford farm fetch €2.6m  Independent.ieProspective buyers from as far away as Wicklow were among those chasing a 220ac residential farm at Faha near Kilmacthomas in Co Waterford which sold at ...
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FCC 24GHz 5G Auction Crosses $525M in Bids  Light ReadingBidders continue bidding heavy on metropolitan areas in US in latest 24GHz 5G auction.
Spurs hosting exclusive Manu Ginobili items auction  WOAISan Antonio Spurs fans will have the chance to bid for a good cause ahead of Manu Ginobili's jersey retirement on Thursday, March 28 when the San Antonio ...
Only 5 of These Italdesign Supercars Were Ever Built. Now, One Is Going Up for Sale  Robb ReportTwo years ago, coachbuilder Italdesign decided it wanted to internally produce its own supercar. After being founded in 1968 (by Giorgetto Guigiaro), Italdesign ...
Auction report: Watching a tally of telehandlers like a 'hawk'  AgrilandAn auction involving the disposal of a considerable fleet of tractors and equipment from the UK-based Hawk Plant hire group is ongoing.
KAR Auction Services, Inc. (KAR): Median Price Target Is Now $62 A Share  The RNS DailyThe average 12-month price target analysts expect from KAR Auction Services, Inc. (NYSE:KAR) is $61.11. This mean price target represents 25.92% upside ...
Longreach holds first cattle auction in five years  ABC LocalThe outback Queensland town of Longreach will today hold its first cattle sale in nearly five years. Six thousand cattle will go under the hammer, but with the ...
Former Reynolds nursing school and fitness center contents up for auction soon  WTRFGLEN DALE, W.Va. (WTRF) - It was where Reynolds Memorial Hospital began. The B.M. Spurr School of Nursing taught generations of students, and housed ...
Date set on auction for former AT&T tower  St. Louis Business JournalThe building, which takes up an entire city block, has been vacant since 2017.
Regency Square auction halted while owner appeals  WJXT News4JAX An auction of Regency Square Mall scheduled for Thursday has halted pending the appeal of a $162873 foreclosure judgment against the mall's owner.
UK Auction House to Sell $400,000 in Dark Web Bitcoin  CCNAn auction house in the UK is facilitating the sale of multiple cryptocurrencies including bitcoin and bitcoin cash seized by the Belgian government from a ...
Artists Against Overdose auction hopes to help with Narcan distribution  Hartford CourantArtists Against Overdose, a show and sale to raise money for Narcan, is holding its second annual event in Hartford.
Auction report: Mix of brands and eras at this 'on-site' sale  AgrilandAn on-site auction took place on behalf of Russell Smith Farms and Cheveley Park Farms. The venue was Manor Farm, Thriplow, Cambridgeshire.
Teacher In Westchester Fired For Allegedly Holding Mock Slave Auction  Daily VoiceA teacher has been fired after she was placed on leave for allegedly holding a mock slave auction with her students in the classroom of a private school in ...
Tuner's Incredible Car Collection to be Sold in Oklahoma Drug Bust Auction  The DriveA tuner turned drug runner will have his prized car collection sold off next week.
America's Top 13 Charity Wine Auctions Raised $42.7 Million in Live-Auction Bids in 2018 | Collecting News | Collecting  Wine SpectatorAmerica's top charity wine auctions found success in 2018 with winemaker dinners featuring renowned chefs and live entertainment. And many also succeeded ...
Hokiesports Auction Is Up  The Key PlayAuction is up - includes several black jerseys and as far as I can tell so far only matte maroon and gloss maroon helmets. Seems to only go 5 days so shorter ...
MS silent auction at Bogey Grille raises more than $20000  Ponte Vedra RecorderArea residents "shopped" for deals recently as National MS Awareness Week kicked off with the seventh annual silent auction at Bogey Grille. Beaches, Town ...
Record rotary auction makes Okanagan dreams come true  Lake Country CalendarComing off a record-setting 2018 Dream Auction, Kalamalka Rotary has announced donations to 14 local and regional organizations totaling more than ...

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