Bizjournals.com reports that Debbie Gordon has quickly found success with her growing number of eBay drop-off stores called Snappy Auctions. Gordon wisely had the software for Snappy custom-built and recruited experts to build a business plan for the company before becoming a franchisor. The Bizjournals.com article says Gordon has 100 signed contracts for Snappy Auction franchises with 50 of those stores already in operation.
Products on the shelves of a Snappy Auctions store are only up for grabs to buyers in the world of online auctioneer eBay. Customers bring in their goods and Snappy sales staff manages the process from starting bid price to pay-out.
And Gordon's custom-made software is what makes the process a breeze. She says most locations can operate with fewer than two full-time employees. The system helps the salesperson determine the item's value based on the market demand and even the best day to kick off the bidding. In exchange, customers fork over between 15 and 35 percent of the sale, depending on the price of the item.
Gordon says this arrangement works because sellers don't "want to put up with all the hassles" of selling on eBay. When Gordon got the idea for Snappy Auctions, she says only 2 percent of registered eBay users were sellers. And buyers "are more likely to bid on our items than someone who hasn't sold much," she says.
Bizjournals.com says an investment to start a Snappy Auction costs $50,000 to $60,000 but that only about 20% are approved. More information about starting a franchise can be found here on the Snappy Auction's website.