12-21-2022 12:26 PM
12-21-2022 12:42 PM
no: You can try and advertise in your area for some one: fees would be such that al fees are taken out first: and then a percentage charged so it would cost you about 30 to 40 percent...
As usual with this type of posting; IT is easy to get scammed by advertising your want in this form: for folks responding to such it is also easy to get scammed ripped off....and so on....
Just saying...
12-21-2022 01:03 PM
No, plus it would be a huge headache especilly during income tax season.
12-21-2022 01:05 PM
Most here would say no. With issues concerning taxes, returns, refunds, etc. most would decline.
Happy Holidays.
12-21-2022 01:07 PM
If you mean consignment type selling. One must be very careful as the potential for many headaches to exist. Let"s look at a few. Who sets selling price,how long will you list the item,If it breakes in shipping who is resonsible. who holds inventory. The real fun one TAX responsiblity. This is just a few.
12-21-2022 01:08 PM
The problem with this is that anyone competent enough to do this doesn't need your stuff as they can find better stuff and make more money off that.
I would just sell your stuff in one lot to an ebay seller in the first place and be done with it.
12-21-2022 01:10 PM
If you have nice items, try a consignment business in your area.
I do consignment for a few businesses. They usually end up with 35 to 40% of the sale and then pay 20% of their total take to me for taxes as I pay all the income tax.
12-21-2022 01:25 PM - edited 12-21-2022 01:26 PM
@ruhenn-27 wrote:Is there anyone who sells for others on ebay
Why would I want the headache of selling your/their stuff when I can get 100% of the headaches (and profits) from selling MY stuff?
Too much that can go wrong here with the Money Back Guarantee for me to sell anyone's stuff. Plus throw in the 1099K for taxes, I really wasn't kidding about the headaches above....nor the profits....plus I have control of my stuff.
And...the worst part....I'd have to satisfy two customers. The ebay buyer and the consignment seller...and me caught in the middle and I'm afraid the consignment seller would be the worst one to deal with.
Ummmm....no thanks.
Mike
Firesteel Surplus
12-21-2022 01:53 PM
Most would not even consider doing that. There would be too many problems. You might want to see if there is anyone local that would buy your items from you.
I did consignment selling once for a relative. NEVER AGAIN. The relative seemed to thing that everything would sell tomorrow and I would do it for darn close to free.
12-21-2022 02:07 PM
I'm not sure what you mean by "I pay all the income tax." Do you mean that you believe you have to pay income tax on the total amount that you receive on the sales by the consignor? I don't think that's right. As a consignment seller, I believe that your income would be the amount you collect from sales on their goods minus the amount you pay them and minus your selling expenses.
Talk with your accountant because this is not something I do so I don't have personal experience. I think one way to get to the income is to account for your selling expenses the normal way but to also include the amount you pay to your consignor in your cost of goods sold. I believe that you should also issue the consignor a 1099-Misc if you pay them more than $600 in proceeds.
And yes, this would all be a tax headache. I can see why most sellers wouldn't want to do it. I certainly don't want to do it.