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Auctionbytes-NewsFlash, Number 1197 - January 18, 2006 - ISSN 1539-5065      Previous Story | | Next Story

NextWorth Expands on the eBay Consignment Model
By Ina Steiner
AuctionBytes.com
January 18, 2006
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NextWorth Solutions Inc. launched a service that takes eBay consignment selling in a different direction. It markets itself as a community-focused consignment brokerage that serves consumers, businesses, schools, and non-profits. It handles entire process of preparing, marketing, selling items, offline and online, on such sites as Amazon, Craigslist, Google, Overstock.com, and Yahoo, in addition to eBay and the NextWorth retail facility.

NextWorth says one "differentiator" of its service is its unique "PreBay" service, which offers consigned items to the Boston market before being offered to Internet users worldwide.

NextWorth's press release states, "While many competitors operate as franchises, often requiring customers to drop-off items at a shipping storefront (e.g. UPS Store), NextWorth offers a complete "call-to cash" service: customers need only call or e-mail NextWorth and a representative can provide a free, in-home valuation, pick up the unwanted valuable, and deliver it to the company's central processing facility in Needham."

In addition, NextWorth has "Independent Asset Consultants" (IACs) who are trained and certified by NextWorth and who receive commissions to source items through their personal, professional, and virtual networks.

NextWorth's pricing is structured as a tired commission plus a flat processing fee. NextWorth retains 33 percent for the first $1,000 of a sale, 20 percent on each dollar above $1,000, plus a flat $20 processing fee. NextWorth is based in Needham, Massachusetts, and is a private company, funded by angel and institutional investors, according to its press release.

http://www.nextworth.com


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