Calling all ebay sellers!

[isabella1]

Do any of you who sell on ebay consign for other people? Do you need to be liscensed to do so? Or need any special paper work? A friend called me and wants me to sell for him 60-70 morgan dollars. He said I could take 40% of whatever they sell for including eBay and paypal fees. There are several nice coins and Carson city coins. I can't buy all them and he doesn't expect me to do so.

 

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[GMD52]

I've seen advertisements for two companies here in the local area that consign items for customers on ebay, and charge at the 20% level, so the offer that you received seems more than generous. If you know the person, I certainly would help him out. I hope that he realizes that the drop in silver prices might cause some problems, but CC morgans should maintain their collectors value. Good luck.

 

[clovis97]

I do everything in my power to never list stuff for anyone, at anytime.

First, after the fees are taken out, the consignee never seems to be happy with the deal. For instance, a good friend was having a garage sale. She had 3 packs of Polaroid film marked 50 cents each. I told her that they were worth far more than that, and she suggested that we split the deal after ebay fees were taken out. Her cut was $48, and while she was happy, I could tell that she thought the selling price was too low, and that the ebay fees were too high. (We got tip top money for the film at the time.) Even though someone could have bought all three packs for $1.50 at the garage sale, and she should have been thankful for my help....there was just a tiny bit of rift over the deal. I'll keep my mouth shut the next time.

Second, I pay taxes on my ebay earnings, and selling on consignment is a pain at the end of the year.

Third, I've worked hard to have an almost perfect 5 star rating. I am proud of that, and I don't want it messed up in any way with someone else's junk.

Fourth, what are you going to do when you sell those CC dollars to someone, and they report you as "item not as described", and send you back a bicentennial Ike, and keep the CC?

Lastly, there is just too much for me to list that I already own. No need to take on someone else's junk so they can get mad at me at the end of the day.

 

[isabella1]

On the tax issue, we have a huge tax credit we have to use or loose from adopting 3 children. I think we have 4 years to do so. So I'm trying to get some nicer end items to help use that dang thing up. Some of the stuff people have wanted me to sell is pure junk though. Like I had a friend call saying they had some beanie babies. Blah! But should someone need to carry a lisence to do so?

 

[woodstock]

Well you need to be open with whoever you're selling the item for , period . Make sure you make it clear that whatever your percentage is that it's before fees and doesn't include shipping and it does that those extra's will be deducted accordingly . Be prepared to show them any and all related paperwork and sales records from ebay too. You have to keep it on a professional level EVEN if they are friends to keep them from thinking you're skimming their profit or scamming them for more money . Paperwork proves your honest and legit .
Explain to them that if they want a bottom line price they'll have to set a reserve price and keep relisting if their item doesn't sell and remember that sometimes there are relisting fees depending on the item . Explain the dangers or "no reserve" auctions because they might not like what they get and make sure that you hold them responsible for shipping on time and that they get nothing until the item is shipped , received (insured) and the buyer is satisfied and the money has cleared Paypal and is deposited in your account .
If they don't agree on your terms well then let them list it themselves . Personally I can't understand the logic of paying 20% of my profit to have someone else sell it ... cause the item I can sell by becoming a seller and cutting the 20% and the extra fees and keep it all for myself . Because as a consignment/proxy seller that 20% fee can be swallowed up by fees so they must pay or co-pay your fees either in advance or at the time or the transaction .
It's a lot of extra hassle not just for you but for the seller . I hope this information can help you both out . HH , Woodstock

 

[woodstock]

As long as you're not a store at the moment you shouldn't need a license to SELL FOR FRIENDS or FAMILY ... BUT if your advertising yourself as a consignment seller , you might have too just check your local and State laws first to be safe . IMHO < Woodstock

On the tax issue, we have a huge tax credit we have to use or loose from adopting 3 children. I think we have 4 years to do so. So I'm trying to get some nicer end items to help use that dang thing up. Some of the stuff people have wanted me to sell is pure junk though. Like I had a friend call saying they had some beanie babies. Blah! But should someone need to carry a lisence to do so?

 

[Iron Patch]

Yes, i have done this quite a few times, but not recently because it's no longer worth my time for the % that would seem fair to a friend. That said, 40% including fees for selling single coins is probably worth it, and so easy when all you have the do is change the pics, dates, and mint marks.