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How and what do you charge to sell for someone else?
Somebody asked me if I could sell some things for him, I'm not sure if I'm going to bother but was wondering what would I charge him? He said he would "pay me for my time." He's looking for someone already established on ebay because he's heard if you're new your listings won't get seem as much as an established seller, top rated. So f I were to sell on my ID, what about taxes when the 1099 comes in? He has some trinkets that I don't know a lot about that he wants to sell, but I'd rather sell the stuff in his B&M store, set him up online to sell this stuff, maybe I could set up listings for him on a regular basis. I don't know if he'd go for this so I'm just looking for ideas for a price to charge.
kh-vince
·2 years agoHi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
ckimodog
·2 years ago@krazylouie
This thread is 3 years old. A dead thread. Should you have any situations or issues to share her on the forum it's always a good idea to start your own thread. Most likely this thread will be shut down by the mods.
Happy Holidays
krazylouie
·2 years agoSpeaking from my personal experience, I lost a good friend of 20 years because of this exact scenario. Things were going well until the fees came due and he was blown away at how much he owed eBay (nearly $1000). I explained to him multiple times that he was responsible for fees, etc. as it was his account I was using, but I think he was blinded by the money that was coming in and didn't budget for the fees (this was before eBay took out the fees automatically). It's been over two years since I've heard from him and I think that he believes I was doing something nefarious (pocketing too much money perhaps which was not at all the case). Be very careful should you decide to venture into this and take into account the good advice other posters have offered.
callmekevin
·2 years agoI know this is an older thread, But I wanted to add to it, in case someone still is interested.
I do consignment currently for a few people.
With eBays new "what you earned" its easy to see what you are getting with one click.
I simply make a spreadsheet on "google sheets" that they can view to see what they earn per item, with a clickable link to their ebay item to see when it sold.
Its quite simple on how I do it, it ensures minimal problems.
I charge 50% of profit.
I tell them this covers, Boxes, tape, packing slips, packing materials, customer service (questions), pictures, storage of the item, and taxes I have to pay for selling the item. (ebay takes the sales tax, This isn't what I'm talking about)
You could of course negotiate a different pricing bracket, such as any item over a certain amount, you only take "x" amount of profit. As taking 50% of a $200 profit item may not seem fair to the customer.
Most of mine do not have high dollar profit items which is why I do 50%.
Some things I ask them about their items,
1. If a return is requested, what do you want to do?
2. Do you have a minimum on any of your items?
For the return requests,
(If an item is cheap enough or I have not a lot in it, most of the time it is easiest to just refund without having the item sent as it costs more to have it sent back and I'll never make my money back), But I leave this up to them as they will be the one covering any and all costs associated with receiving the item back.
I also do not pay until 1 of two things happen.
Positive Feedback is Received or 30 days after delivery date has passed.
Since eBay does their own payouts and not paypal, 30 days is the limit to opening a dispute versus 180 with paypal.
Positive feedback indicates the buyer is happen an unlikely to open a dispute.
To keep yourself safe, you could simply offer 30 days payment after delivery date of item.
You can easily keep track of this using your spreadsheet.
I do not pay them until this happens, I then mark the payment on the spreadsheet, which also shows a current balance owed on it.
Items are of course always on hand, you are storing them. This doesn't work otherwise.
They could sell, lose, damage the item.
Also unless you are knowledgeable on certain items like Handbags, shoes, I wouldn't accept things like shoes, handbags, things like that as they could be counterfeit, and that doesn't work out well if they are. eBay does have the authenticate program however, it can be more headache IF the buyer is certain its real and it turns out not to be.
Lastly if they aren't happy with your pricing, you could make them an offer for all items. But let them know up front you'll need to look up each item to see what it should sell for and it would obviously be less than that, BUT they would get all the money at once right then. It may take some time to look up each item, but I'd suggest looking up what each item sells for (sold listings) and then offering them about 50% less than that price. This covers fluctuations and errors you may have missed in your calculations. Them getting all the money at once, no hassle, no waiting for them may be the better option. You can then take your time with it. This works better with several items or lots, as more money being exchanged is enticing.
I hope this helps someone.
Unavailable member
·2 years agoJust so you’re aware even though eBay has managed Payments
Buyers can still use PayPal to buy and they still have 180 days to file chargebacks.
Credit card companies maybe longer.
How are you handling end of the year taxes when dealing with other peoples items? If you’re selling your own items along with other people’s how do you separate the two? I sure wouldn’t want to have to pay taxes on other people’s stuff.