How an eBay Consignment Agreement Can Help Business
A well-written eBay consignment agreement protects your interests. When you sell items for others, it is important to have everything spelled out in writing. That way, there can be no disagreements later over terms and details.
Of course, an effective eBay consignment agreement also looks out for your clients’ interests. This means you want to create a win-win scenario. And why not? It’s simply good business to do so.
To help you, here are a few things you should consider when preparing an eBay consignment agreement:
It’s always a good idea to let your clients know if you intend to import your eBay listings to multiple selling channels, such as Etsy, Shopify or Bigcommerce. But not because they care about how and where you manage your inventory listings.
Rather, it’s to show your clients that you are serious about doing everything you can to sell their items and make money for them.
Make sure your clients are aware of your consignment fees and commissions in advance. They’ll also want to know how and when they will get paid for their items that you sell.
Plus you don’t want any surprises later on. Because without a written agreement, a client can change their mind about pricing, terms, or even wanting to sell an item at all. And then you will have no recourse.
Most likely, you will initially meet with your clients to photograph the items to be sold or auctioned. At this point, you can list the items and their descriptions on your inventory form. And get client feedback.
You can use this vital information for record keeping and tracking. And you can also use it as part of the consignment agreement. That way, the terms for the items to be sold or auctioned are agreed upon in writing.
Finally, a well-written eBay consignment agreement establishes trust in your business and sets you apart as a professional. Your clients know you are looking out for them. And so you have a win-win scenario.
And what better way to ensure repeat business and lasting relationships.
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