Earn Extra Income with Online Consignment

Consignment is a very good way to create an extra income with a minimal amount of money. This is basically selling other people's products or belongings for a percentage of what they sell for. Once you sell their product, you will charge them a percentage or a commission (usually 10% - 40% of the final sale price) and they will receive the rest. All you have to do is pay for the listing fees and ship the product after it is sold. The fees are covered buy the commission, and the shipping is, of course, covered buy your ebay customer.

Finding business - This can be a bit difficult sometimes, but with some effort and a little bit of money, you can make it happen!! One main way of finding people to do business with is to run a classified ad in your local paper stating something along the lines of "Need help marketing your product?" or "Don't like computers, but want to sell your product online? I will sell it for you for just a small fee!! Call..." This is a great way to find small business owners wanting to sell more product. Another way to find people to do business with you is to print out some consignment contracts and go directly to those that you would like to do business with (preferably "Mom and Pops" stores). You'll be surprised about what a little effort and ambition can get you.

Be Sure To Put It On Paper - It is always good to have a contract when planning to conduct business with a new customer. This is always a good idea because it covers you. So, for example, if your consignor tries to tell you that he only owes you 10% and he really owes you 30%, you will have it in writing to refresh his memory. Included in this link is an actual contract. I threw this in to help you with this technique. Now all you have to do is edit it to your standards (percentage rates),print it out, and you're ready to go find some consignors.

The Upper Hand - The key to success with this technique is to target SMALL business owners and individuals who want to sell online and up their sales, but don't have a computer, don't have the time, or just don't have the computer skills or drive to sell online. Believe it or not, there are still a lot of people out there that are this way. This is where you come into play. Once you start making these kind of people more and more sales, they will get hooked, and then the products just keep coming. This could potentially be turned into a full time business!

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