You can make a ton of money by becoming an eBay Valet Seller
TopographicOceans
Posts: 6,535 ✭✭✭✭
It looks like becoming an eBay Valet Seller is very profitable.
People send you their items and you list and sell them on eBay.
You get to keep up to 75% of the sale price.
Item Selling Price : You keep
$500.00+ 20%
$250.00 - $499.99 30%
$100.00 - $249.99 40%
$50.00 - $99.99 50%
$25.00 - $49.99 60%
<$25.00 75%
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Comments
There used to be a handful of Ebay seller shops in town. Don't think I have seen one for several years.
Problem is you need to be capable of list and dealing with something like 70,000 items? Got the fire power ?
Intriguing concept.... I do not have the time to deal with such an enterprise, but certainly could make a good business venture for some people. Details of packaging, shipping, insurance would have to be considered. Cheers, RickO
One of my local coin dealers was doing that back in 2008. Their commissions were ridiculous...25-30% as well. It would have been cheaper to just shop the coin around at the next coin show and get more money. With GC being a new sheriff in town...you can be pretty much be assured of getting approx 85-90% for anything you consign.
ive seen only 3 in the last ten years. whatever though in this case
I don't know about you, but when I was dealer marking things up 25% over what I paid was not possible. The coin business used to work on narrow margins. Maybe that's not true today.
Returns also could be a PITA!
I'm not real familiar with the Valet Seller program, but the ebay emails I have received about this seem to indicate that it is geared toward selling fashion merchandise from specific brands only and not for coins. Perhaps it is far broader than this, but the emails I receive are targeted to that area.
In honor of the memory of Cpl. Michael E. Thompson
Times sure are changing.....................for the better or worse
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Boy I never made anything close to those margins more like 3% and had to image and list and hold till the return period was up.
That sounds like pie in the sky. In reality it's really tough get retail on eBay. All one has to do there is get an account, start at 99c and the item sells. You may not be happy w the selling price but it's gone.
You don't have to get retail, just whatever the nice people on eBay will pay.
Say someone sends you a $1,000 item and you list and it sells for $100.
You keep $40 and send $60 to whoever sent you the item.
The nuts of a 500 pound gorilla can cause a hernia.
``https://ebay.us/m/KxolR5
Sure, could make tons of money at this if and only if i had Tons of time, space, and gumption to spend my time and space that way. I do not.
Liberty: Parent of Science & Industry