10-23-2017 10:06 AM
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!
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10-24-2017 08:29 PM
@city*satins wrote:i don't know if i'd want someone opening accounts in my name and all that.
I've never actually opened an account on behalf of someone, but I've sat next to them and walked them through it. Most already have an account anyway - but strictly for buying or only having tried one sale and then decided it was too much work. Most also already have a Paypal account.
Speaking here only of the people I've personally worked with who've asked me to sell for them.
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.
My experience with consignors is that its not the accounts that is deterring them from selling, it's the labor - staging the merchandise, measuring, photographing, writing the listings, dealing with the buyers, getting the stuff out the door. All of that is taken care of by the service provider (me)
The reaction I've had from consignors who've agreed to do it this way (not all will) is typically
Wow. This is great. I hand you my stuff and money keeps magically appearing in my Paypal account!
Over the years, I've done it several ways - this is the way I finally settled on and to-date, I haven't had one single consignor fail to pay me.
I don't think that it is laziness so much as it is insecurity and overthinking that keeps them from listing their own stuff on their own account. It is very black and white for newbie sellers around here. Some will toss their most expensive item up first thing and others will talk themselves out of listing.
Years ago I had a consignor that had high end watches that he collected and just couldn't get past the fear he would get scammed. This was before ebay got really bad. I tried one and it worked out and for about 5 years I was listing and selling Patek's, Cartiers, Rolexes, ect and making loads of money. But about the third one I sold, the guy tried to scam a freebie Rolex (this was before resolution center). I immediately sprang into anti scammer mode and finally got him to back off when I promised that the owner and myself would drive the 3 states over to check out the watch, and he would bring his jewelers service records and photos and we will take care of it.
When it was over, the consignor congratulated me and confessed that he would have lost the money and the watch because he had no idea what to do. When I eventually told him that ebay had gotten so bad that I did not feel good risking his valuable stuff anymore, he said ok and promptly found a sell on ebay store that got scammed out of the first watch he left them.
10-24-2017 08:35 PM
@city*satins wrote:i don't know if i'd want someone opening accounts in my name and all that.
I've never actually opened an account on behalf of someone, but I've sat next to them and walked them through it. Most already have an account anyway - but strictly for buying or only having tried one sale and then decided it was too much work. Most also already have a Paypal account.
Speaking here only of the people I've personally worked with who've asked me to sell for them.
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.
My experience with consignors is that its not the accounts that is deterring them from selling, it's the labor - staging the merchandise, measuring, photographing, writing the listings, dealing with the buyers, getting the stuff out the door. All of that is taken care of by the service provider (me)
The reaction I've had from consignors who've agreed to do it this way (not all will) is typically
Wow. This is great. I hand you my stuff and money keeps magically appearing in my Paypal account!
Over the years, I've done it several ways - this is the way I finally settled on and to-date, I haven't had one single consignor fail to pay me.
was never meant to be an argument.
it was just a statement from my part.
i would never sell something that does not belong to me period.
like i said i am not that brave.
and i have already enough of a hard time listing everything i bought for resale.
so why would i want to list people's stuff.
so if consigning works for you... great...
good luck to you...
10-25-2017 04:36 AM
@lemarcheaupuces wrote:
was never meant to be an argument.
it was just a statement from my part.
i would never sell something that does not belong to me period.
like i said i am not that brave.
and i have already enough of a hard time listing everything i bought for resale.
so why would i want to list people's stuff.
so if consigning works for you... great...
good luck to you...
I have found consigning to be an extra source of income that is relatively safe, if you set it up right, and very educational as it gets you experience with items and genres of merchandise that you wouldn't normally learn about.
I know a lot about watches that I wouldn't have found out normally, as the consigner shared a lot of important research info, and that has served me well. It is one more thing I can keep my eyes open for when out on the hunt. Knowledge is power.