To be honest, anyone competent enough to take such a job would never say yes. I wouldn't take most furniture for free.
You want a consignment shop, antique mall or antique dealer depending on what you have. Also don't be surprised if what you have turns out to be worthless. Furniture has an insane markup between what the retailer pays and what you pay when you buy it. If you paid $1000 for that couch and the retailer paid $250 then it is worth less than $250 the second you get it home, and you might have to pay someone to haul it away once it has even the smallest condition issue.
You should advertise locally (Facebook, NextDoor). EBAY does not allow Sellers to exchange contact information. It will be very hard to find an EBAY sellers to sell "your items" because they would have to take on your "income tax liability". EBAY reports sales to IRS (based on social security# of the seller).
If you want to become EBAY seller (create your own account) by providing your checking account# and social security# (for income tax purposes).
Buyers can do a charge back with their credit card or financial institution for 60 days by law, and most credit cards given then 4-6 months. So if your reseller is using his own account and his own bank account, he is going to want to keep a good chunk of your money for 6 months as a hedge against charge backs.
eBay is now required to report a seller's gross sales to the IRS under the seller's taxpayer ID number. So if your reseller is using his own account and his own bank account, he is going to factor the cost of this reporting and tax reporting into his compensation.
Because of the above, some resellers are going to demand that you set up your own eBay account and bank account with your taxpayer ID number to limit his exposure and reduce his workload.
Lastly ... you want a good reseller who knows his stuff. If your eBay reseller is any good, he is already making $50K+ for himself and keeping all the profit. So when he is selling for you, he is going to expect to make at least $25 an hour for his labor, regardless of how much you make.
So if you consider the time and effort it will take to photograph, describe, and list a piece of furniture (not to mention arrange the shipping if it sells), remember your seller is going to expect to be compensated for that work.
Buyers can do a charge back with their credit card or financial institution for 60 days by law, and most credit cards given then 4-6 months. So if your reseller is using his own account and his own bank account, he is going to want to keep a good chunk of your money for 6 months as a hedge against charge backs.
eBay is now required to report a seller's gross sales to the IRS under the seller's taxpayer ID number. So if your reseller is using his own account and his own bank account, he is going to factor the cost of this reporting and tax reporting into his compensation.
There is also a good probability that the seller will have to issue the consignor a 1099 in order to write the funds sent to the consignee off of their taxes.
Because of the above, some resellers are going to demand that you set up your own eBay account and bank account with your taxpayer ID number to limit his exposure and reduce his workload.
Lastly ... you want a good reseller who knows his stuff. If your eBay reseller is any good, he is already making $50K+ for himself and keeping all the profit. So when he is selling for you, he is going to expect to make at least $25 an hour for his labor, regardless of how much you make.
So if you consider the time and effort it will take to photograph, describe, and list a piece of furniture (not to mention arrange the shipping if it sells), remember your seller is going to expect to be compensated for that work.
onefootflipper
·1 year agoTo be honest, anyone competent enough to take such a job would never say yes. I wouldn't take most furniture for free.
You want a consignment shop, antique mall or antique dealer depending on what you have. Also don't be surprised if what you have turns out to be worthless. Furniture has an insane markup between what the retailer pays and what you pay when you buy it. If you paid $1000 for that couch and the retailer paid $250 then it is worth less than $250 the second you get it home, and you might have to pay someone to haul it away once it has even the smallest condition issue.
caldreamer
·1 year agoYou should advertise locally (Facebook, NextDoor). EBAY does not allow Sellers to exchange contact information. It will be very hard to find an EBAY sellers to sell "your items" because they would have to take on your "income tax liability". EBAY reports sales to IRS (based on social security# of the seller).
If you want to become EBAY seller (create your own account) by providing your checking account# and social security# (for income tax purposes).
luckythewinner
·1 year agoSome of the realities of selling on eBay today:
Buyers can do a charge back with their credit card or financial institution for 60 days by law, and most credit cards given then 4-6 months. So if your reseller is using his own account and his own bank account, he is going to want to keep a good chunk of your money for 6 months as a hedge against charge backs.
eBay is now required to report a seller's gross sales to the IRS under the seller's taxpayer ID number. So if your reseller is using his own account and his own bank account, he is going to factor the cost of this reporting and tax reporting into his compensation.
Because of the above, some resellers are going to demand that you set up your own eBay account and bank account with your taxpayer ID number to limit his exposure and reduce his workload.
Lastly ... you want a good reseller who knows his stuff. If your eBay reseller is any good, he is already making $50K+ for himself and keeping all the profit. So when he is selling for you, he is going to expect to make at least $25 an hour for his labor, regardless of how much you make.
So if you consider the time and effort it will take to photograph, describe, and list a piece of furniture (not to mention arrange the shipping if it sells), remember your seller is going to expect to be compensated for that work.
dbfolks166mt
·1 year agoSome of the realities of selling on eBay today:
Buyers can do a charge back with their credit card or financial institution for 60 days by law, and most credit cards given then 4-6 months. So if your reseller is using his own account and his own bank account, he is going to want to keep a good chunk of your money for 6 months as a hedge against charge backs.
eBay is now required to report a seller's gross sales to the IRS under the seller's taxpayer ID number. So if your reseller is using his own account and his own bank account, he is going to factor the cost of this reporting and tax reporting into his compensation.
There is also a good probability that the seller will have to issue the consignor a 1099 in order to write the funds sent to the consignee off of their taxes.
Because of the above, some resellers are going to demand that you set up your own eBay account and bank account with your taxpayer ID number to limit his exposure and reduce his workload.
Lastly ... you want a good reseller who knows his stuff. If your eBay reseller is any good, he is already making $50K+ for himself and keeping all the profit. So when he is selling for you, he is going to expect to make at least $25 an hour for his labor, regardless of how much you make.
So if you consider the time and effort it will take to photograph, describe, and list a piece of furniture (not to mention arrange the shipping if it sells), remember your seller is going to expect to be compensated for that work.