Starting An eBay Franchise

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Starting An eBay Franchise

By: KB Lim

Starting an ebay drop-off franchise is fast catching on ebay. There are millions of buyers everyday on ebay and let's face it, not everyone knows how to sell an item on ebay. Some people just are not interested or not familiar with how ebay works, the terms and conditions and all that stuff. They just want to sell their item and get some cash. That is where an ebay drop-off franchise comes in.

What is an ebay drop-off franchise?

It's actually quite simple in concept. An ebay drop-off franchise store acts like the middleman in the ebay world. You bring the items you want to sell to the ebay drop-off store. The store will auction it on ebay. If it is sold, the store will send a check to you minus a certain percentage of the sale price. The store will also pack and ship the item for you.

In my opinion, this is a huge untapped market as there are lots of people who have heard of ebay but do not know or want to get involved in the whole auction process as it can be rather tedious. They are looking for people to help them sell.

So why get an ebay franchise?

Getting an ebay franchise is not cheap. It usually cost anywhere from a few thousand to tens of thousands of dollars plus some ebay franchises charges a annual or monthly royalty fee ranging from 3 to 6 percent of your gross revenue.

However, there are some great advantages to getting one.

1) Brand Recognition

The single biggest advantage of getting an ebay franchise is that you get to be affiliated with a recognizable brand. Some ebay franchise such as "isold it ebay store" spent huge amount of money in TV advertising and marketing plus they have a huge network of stores across the country. In that sense, your franchise store gets to leverage some brand awareness without you spending any money on advertising and marketing.

2) Franchise Store Support

Another important advantage is that you can get immediate support and training needed to maintain and operate your ebay franchise store. This is especially important if you do not have sufficient experience doing business. Plus most franchises have ebay drop-off experts who can be stationed in your store when you just opened for business to guide you on the details of running the business.

3) Franchise Buying Power

Because most franchises have a network of stores, they are able to negotiate better pricing on overstock items or with suppliers.

There are a lot more advantages in getting an ebay drop-off franchise. You can visit my website where I discuss more in depth on the different ebay franchises that are available.

Article Source: http://www.find-investment-advice.com

Dan Lim is an avid ebay fanatic who has been quietly earning a comfortable living online. Visit his site for more ebay selling secrets and strategies

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