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Store turns drop-offs into cash via eBay

Posted: Tue Dec 27, 2005 12:41 pm
by TexasStooge
By CAROL CAVAZOS / WFAA ABC 8

For those who aren't ready to make the trek to the mall to return Christmas presents that weren't on their wish list, they might rather opt to sell it online.

ISOLD It stores might also be their easiest best.

The store sells items exclusively on eBay for customers who bring in items they would like to turn to cash.

"We've had our first customer, we think it was a Christmas present they wanted to turn into cash quickly," said Keith Wagner, an iSOLD It store owner. "[It] still had some wrapping paper marks on it."

Chris Jones walked into the iSOLD It store to sell a VCR to make more room for his Christmas presents. Jones had never sold anything on eBay himself, and decided he would rather not start.

"Oh, garage sales are a big hassle," he said when asked why he headed to the store to sell the VCR.

ISold It stores help customers bypass garages and keeping up with eBay accounts by selling items on eBay themselves. The franchise has four stores in the Dallas-Fort Worth area and 11 more planned for 2006.

Wagner's store located on Lovers Lane opened December 1.

"We believe Dallas-Fort Worth will be the number one market in the country for iSOLD It...for this business and for this new concept, which is really only 2-years-old," Wagner said.

The store takes items customers bring in, researches the value of the item, take pictures and then puts it on the eBay site. After the item is sold, the store then takes a third of the profit.

But if no buyer bids on the item in seven days, the seller can come back and pick-up the item, have it donated to the Salvation Army or sometimes the item is relisted.

While the old VCR Jones brought into the store may only fetch $30 dollars according to iSOLD It employees, he said he isn't disappointed.

"It's collecting dust at the house," he said. "Whatever it gets is gravy."
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iSold It - Official Site