EZ Money-Maker #4: "Sell Something That Doesn't Belong To You!"

Strategy: Help others in your area sell their antiques, collectibles and one-of-a-kind items on eBay. May also be used to sell large ticket items on commission.

Timing: The best time to use this strategy is September to May of each year when antiques and collectible items receive the greatest interest and highest bids.

When I say, "Sell something that doesn't belong to you", I'm not talking about 'selling short' or scamming anyone. NO! Not in a million years!

I'm talking about selling other peoples antiques, collectibles or even a businesses' used machinery or manufacturers' overstock on eBay for a percentage of the hammer price.

You handle the photos, descriptions listing the item, collecting the money and making sure the item is shipped.

My recommendation is to charge 10% to 20% or more of the hammer price after deducting eBay fees (see what the market will bare). It might make sense to try for a 'net listing'.

A net listing is where the owner says to you, "All I want to get out of this sale is $50. You can keep whatever you get over that".

The low-minimum bid technique may not work in this case, you will probably need to make it a reserve auction or start the auction at $60 ($50 + 20%) with no reserve. If it fails to sell, make sure you get reimbursed for eBay's listings fees or get them up-front from the owner.

A short contract between you and the owner should be used. An attorney will be more than happy to help you put one together that you can use. Use it over and over again by photocopying it and filling in the blanks with every new client.

Check with your attorney before doing this to avoid any legal problems later. I don't see many problems with doing this and I personally know someone in my area of New York State that is doing it and making a lot of money for himself and his clients.

It's a win-win situation. You have the technical expertise, they have the merchandise.

Search eBay Seller ID= topcat to see his listings (99% of the items he's selling are on consignment).


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