Consignment Selling


Another way of making money on eBay is consignment selling. That’s when you sell other people’s products. If you go this route, focus on higher-priced items. I don’t like one-of-a-kind items. We're going to discuss that in a little bit.
Make sure it’s worth your while. If you go to AuctionBytes.com - which is a great Web site for eBay information - on the left hand side there’s a link for consignment sellers. You can look and see how much money they charge for selling other people’s items. You can also take a look at their contracts and see what kind of paper work you’ll need to get started.
That can be an ongoing source. It would be friends and neighbors and older ones, people at work that you might be able to sell their product. That can work out really well. I'm actually working right now on a method, a whole system for doing business consignment selling. That is a huge market because there are so many businesses with products to sell they can't get rid of. But that’s a discussion for another night.