Auctions Business Startup Guide
Sell somebody's estate, farm, or surplus inventory and take a percentage — done right, settled honestly, and licensed correctly. This 21-page guide walks through finding out what your state, county, and city actually require before you spend a dollar, the seller's-commission and buyer's-premium math that decides what you really take home, trust-account discipline, and how to land your first consignment through referral sources — plus six working templates to run it with.
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What It Covers
Find out whether your state requires an auctioneer license — and why "no state license" is rarely the end of the research once county and city rules are checked. Open a proper trust or escrow account before your first sale. Understand seller's commission versus buyer's premium with a worked example. Price real estate and firearms consignments correctly, and know when a second license applies. Land your first consignment through referral sources instead of advertising.
Six Working Templates
- Startup checklist
- Equipment and licensing budget worksheet
- Consignment agreement and commission worksheet
- Settlement statement template
- Referral source and consignment tracker
- Compliance and safety page
This guide gives you the framework. The full Auctions Business Plan ($27) adds an auction revenue calculator for hammer price, buyer's premium and commission, a licensing checklist for state, county and city rules, a consignment settlement worksheet, and a first-90-days plan. See what’s inside the plan →