eBay

sandrasophiasa · ‎10-23-2017

I just started consigning items and have a question:

I sold an item for $50. Based on a recommended commission schedule, the end result is $30/$20. Who gets what?? (Me and the consignor).

Thanks!

stitchesandseamsct · ‎10-23-2017

Hey Im Frank. I did some consigning this year. Please, don't sell yourself short. The people bringing you stuff are not putting in any work and are looking at the items they bring you as just extra cash. A 50/50 split is a fair MINIMUM for me, considering I have to live with their junk while it sits around waiting for it to sell. Don't forget, all the photography, all the packaging, and shipping, none of which is assisted by the person bringing you stuff. DONT SELL YOURSELF SHORT!!!

Everybody wants to be a beast, until it's time to do what beasts do.

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missjen831 · ‎10-23-2017

You get $20. The consignor gets $30.

One life is all we have to live
Love is all we have to give

**Formerly known as MissJen316**

jonathankirkland · ‎10-23-2017

Wouldn't that be something you and your consignor need to work out?

What is the source of this "recommended" commission schedule?

southern*sweet*tea · ‎10-23-2017

Don't forget someone has to pay fees. All of this should have been worked out beforehand in your contract.

The easier you are to offend the easier you are to control.

We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did. - Thomas Sowell

myboardid · ‎10-23-2017

Having done a LOT of consignment back a few years, I'd set up the contract with the following stipulations:

Consignor pays ALL expenses.

Seller gets 50% of all remaining funds after expenses are paid.

Only items or lots worth $100 or more are to be sold.

At least 20% of all funds are held for 190 days after sale in case of Paypal dispute or chargeback.

There should probably be more that I can't think of right now. Feel free to add to the list!

----------------------------
Successful and experienced seller since 1997, over 70,000 feedback, boardie since the boards were begun.

luckythewinner · ‎10-23-2017

@sandrasophiasa wrote:
I just started consigning items and have a question:
I sold an item for $50. Based on a recommended commission schedule, the end result is $30/$20. Who gets what?? (Me and the consignor).
Thanks!

If the "recommended commission schedule" was not clear about what the commission rate was, I am curious about how commission schedule got recommended to you. It seems like a poor recommendation to me.

city*satins · ‎10-23-2017

An alternate strategy that saves some of the muss and fuss is to set up an eBay ID for the consignor and use the consignor's eBay ID and Paypal account rather than your own. You can get access to the eBay account without needing access to the Paypal account directly. This way the consignor receives all of the money, the fees are charged to the consignor's Paypal account (set it up to take the consignor's monthly fees out of the consignor's Paypal account) and any issues around taxable income from the merchandise sold limit your end of it soley to your fee, which the consignor pays to you, and which you report.

A lot less complicated ongoing, although it takes a little longer to set it up. You also have to absolutely trust that when you invoice the consignor for your percentage of SALE the consignor will actually pay you.

Rremember that selling costs include the packaging materials so unless you purchase those with the consignor's account or the consignor supplies the packaging materials) so keep this in mind when agreeing on what percentage you will receive.

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lemarcheaupuces · ‎10-23-2017

@myboardid wrote:
Having done a LOT of consignment back a few years, I'd set up the contract with the following stipulations:

Consignor pays ALL expenses.
Seller gets 50% of all remaining funds after expenses are paid.
Only items or lots worth $100 or more are to be sold.
At least 20% of all funds are held for 190 days after sale in case of Paypal dispute or chargeback.

There should probably be more that I can't think of right now. Feel free to add to the list!

i am not brave.

would never sell something that doesn't belong to me.

rarely had an issue selling on ebay or elsewhere online.

but what if?

if it happens to me all i lose is an item (cost), my time and perhaps some fees.

but 1 has a lot more to lose selling for someone else.

i would rather buy the item from this person and then sell it.

letoulousain

city*satins · ‎10-23-2017

Take a look at my post - which mitigates the risk to you by ensuring that any funds being held, disputes, chargebacks, negative feedback, or transaction defects hit the consignor's account and not yours.

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sandrasophiasa · ‎10-23-2017

Thank you for the responses. I have been an eBay member/seller/buyer for 17 years. I am aware that you can work out whatever commission schedule you want. I just thought this particular one seems okay (I've looked into others as well but figured I'd start with this one). The Commission schedule I was referring to was from Suzanne Wells (http://ebaysellingcoach.blogspot.com/). I sent a message asking her the question and she didn't reply.

a_c_green · ‎10-23-2017

@sandrasophiasa wrote:
The Commission schedule I was referring to was from Suzanne Wells (http://ebaysellingcoach.blogspot.com/).

In a quick Google and a look at her website, I couldn't find the schedule you're seeing. Can you provide a more specific link to it?

missjen831 · ‎10-23-2017

@sandrasophiasa wrote:
Thank you for the responses. I have been an eBay member/seller/buyer for 17 years. I am aware that you can work out whatever commission schedule you want. I just thought this particular one seems okay (I've looked into others as well but figured I'd start with this one). The Commission schedule I was referring to was from Suzanne Wells (http://ebaysellingcoach.blogspot.com/). I sent a message asking her the question and she didn't reply.

@sandrasophiasa You aren't allowed to have the eBay logo as your avatar. You need to remove it ASAP

One life is all we have to live
Love is all we have to give

**Formerly known as MissJen316**

lemarcheaupuces · ‎10-23-2017

@city*satins wrote:
Take a look at my post - which mitigates the risk to you by ensuring that any funds being held, disputes, chargebacks, negative feedback, or transaction defects hit the consignor's account and not yours.

i assume that would be a way to do it.

then 1 would have to expect a lot of trust from the consignor's part.

i don't know if i'd want someone opening accounts in my name and all that.

the consignor might as well sell his own stuff if all is set up.

the idea of consignment is for someone to sell your stuff without being involved in it.

this is why antiques malls charge up to 50%.

this is also why auction houses charge so much.

by the way would the seller do the selling on another device?

what if things get sour on the consignor's user name?

i have read on this board of sellers being suspended for using the same device.

anyway like i said, i am not brave.

will never sell stuff for anyone (not even a good friends).

letoulousain

7606dennis · ‎10-23-2017

When acting as an agent, which is what you are doing, for someone else, you need to be sure that you have all the proper licensing requirements met. You also need to have your agreements with the owners of the property spelled out in great detail in written form. I suggest having an attorney either draft your contracts or review them before you start using them.

"It is an intelligent man that is aware of his own ignorance."

sandrasophiasa · ‎10-23-2017

Hmm, ok...I appreciate the advice but was just looking for a straight answer BASED ON MY QUESTION...not providing links, getting legal advice,etc.... Only one person (Jen_proudleowife) was the only straight answer.

Geesh, people love to complicate things. Keep things simple...

Thanks anyway!...