Vendelo is Spanish for “sell it” and Armando Fileto Texas disck jockey turned ebay entrepreneur is selling it as a tradiing assistant for people who don’t have either the time, skills, or interest to get rid of their stuff on ebay. To minimize overhead Vendelo operates out of a small office instead of a retail storefront. They also control costs by paying their workers a percentage of the commission instead of an hourly rate. They’ll go pick up the items or you can drop them off and keep 35% of the profits.
Filoteo said there’s more to it than just taking a picture of a product and posting it online. He said the added value is in Vendelo’s expertise – knowing what’s valuable and knowing how to market it. His company takes a 35 percent cut of the profits, and the client gets 65 percent.
“There’s more to it than just taking the picture. You want to see what it’s worth, the eBay market value. You want to get a good description of the item, you want to get nice pictures. And then you got to pack and ship it and worry about getting the payment. So there’s more steps than just “let’s sell it on eBay.” It’s worth it because a lot of these items, they’re just sitting there and they’re sitting assets,” Filoteo said.
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