How much should I charge someone to sell their stuff on eBay?
Sellers with a basic eBay account pay a 10% final value fee for most items (with a $750 maximum), 12% for books, DVDs, movies, and music (with a $750 maximum), 2% for select business and industrial categories (with a $300 maximum), and 3.5% for musical instruments and gear (with a $350 maximum).
It can be a terrific way to earn some extra money to sell stuff on eBay, but what if you don’t have the time or knowledge to manage the process? Consignment fills this role. Consignment is when another else sells your goods on your behalf and earns a commission. However, what price should you set for someone to list their goods on eBay? The response is dependent on a few elements. What are the three different forms of consignment, first? The first is a straightforward percentage commission, in which the seller retains a portion of the sale price as compensation. The most typical kind of consignment is one like this. The second is a flat fee, where the seller bills a predetermined sum independent of the sale price for their services. The third option combines the first two, with the vendor taking a percentage commission up to a predetermined threshold before switching to a flat price.
Who prepares account sales next, then? Preparing the account sales, which detail the things sold and the commission due, is typically the seller’s responsibility. Some consignment vendors might, however, offer to prepare the account sales in exchange for a premium.
Finally, how is commission on consignment calculated? The calculation is straightforward if you’re utilizing a straight percentage commission: just multiply the selling price by the commission %. For instance, if the item sells for $100 and your commission is 20%, your commission would be $20. The commission is the same if you’re using a flat fee regardless of the selling price. For instance, if your flat charge is $50, you will always receive $50 regardless of how much the item sells for.
In conclusion, the sort of consignment you offer, who prepares the account sales, and how you compute commission will all affect how much you charge someone to sell their goods on eBay. Before agreeing to consign your client’s things, be important to go through these specifics with them and make sure everyone understands the terms of the contract. Consignment sales can benefit all parties involved with a little forethought and communication.
