So what is a PowerSeller?
PowerSellers are the people on eBay who have made it, recognisable by the little ‘PowerSeller’ badge next to their name. You have probably seen these people around – and to succeed on eBay, you must think the way they do.
How does People Get the Right to Call Themselves PowerSellers?
eBay gets to decide who can be a PowerSeller and who cannot, and they have strict requirements. To get in at the minimum PowerSeller level, you must have a feedback rating of at least 100 (minimum 98% positive) and sell at least $1,000 worth of items every month for three months in a row. There are different levels of PowerSeller membership as you sell items of greater value: $1,000 total is bronze, $3,000 is silver, $10,000 is gold, $25,000 is platinum and $125,000 is titanium.
If PowerSellers ever fail to meet the required amount of sales, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are the people who have been successful for a quite a while, and are on track to stay that way.
The Shop and the Marketplace.
This is the most important part of understanding how PowerSellers think. They do not see what they are doing as being some random bazaar, or a hobby. Instead, they see themselves running a business.
Put it like this. If you run a stall in a marketplace, the odds are that you have a general area of business, but you mostly just sell whatever you can get your hands on that week. If your dodgy buddy got his hands of a job lot of something at a discount, then that is what you will be selling. This might be fun – and when you have a good week, you will have a really good week – but it is no way running a real business long-term.
PowerSellers think far more like shop owners. They sell the same things again and again, every week – regular stock for regular customers. They do ‘boring’ business things like keep inventories and budgets. They know what they are going to be selling, how much they buy it for and how much they expect to sell for. Just like a real shop, there can sometimes be hard times, but their income is stable and their business is slowly growing
The best advice I can give you in thinking like a PowerSeller is, please do not take long-term risks for short-term gains. Look after your reputation, manage your selling properly, provide good customer service and the rewards will come to you in due course. And eventually you will get a little badge next to your name that makes people trust you more!
One possibility that you might have realised so far is what eBay can do for any other businesses you might already have. Remember, millions of people visit eBay every day – why keep everything separate when you are starting to tap into that kind of power? In a future posting, I will show you a few ways how you can use eBay to grow your other business areas.
The next posting will show you a few ways you can use eBay to grow your other businesses.
* * * * *
If you seriously thinking of earning, not losing BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions
eBay Fortune , The Definitive Roadmap To Auction Riches -
as a successful eBay Seller, you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
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If you have ever read an article about eBay, you will have seen the kinds of incomes people make – it is not unusual to hear of people making thousands of dollars per month on eBay.
Next time you are using eBay, take a look at how many PowerSellers there are. You will find quite a few. Now consider that every single one of one of them must be making at least $1,000 per month, as that’s eBay’s requirement for becoming a PowerSeller. Silver PowerSellers make at least $3,000 each month, while Gold PowerSellers make more than $10,000, and the Platinum level is $25,000. The top ranking is Titanium PowerSeller, and to qualify you must make at least $150,000 in sales every month!
The fact that these people exist gives you come idea of the income possibilities here. Most of them never set out to even set up a business on eBay – they simply started selling a few things, and then kept going. There are plenty of people whose full-time job is to sell stuff on eBay and some of them have been doing it for years now. Can you imagine that? Once they have bought the stock, everything else is pretty much pure profit for these people – they do not need to pay for any business premises, staff, or anything else. There are multi-million pound businesses making less in actual profit than eBay PowerSellers do.
Even if you do not want to quit your job and really go for it yet, you can still use eBay to make a significant second income. You can pack up orders during the week and take them down to the post office for delivery each Saturday. There are few other things you could be doing with your spare time that have anywhere near that kind of earning potential.
And what’s more, eBay does not care who you are, where you live, or what you look like. Some PowerSellers are very old others are very young. Some live out in the middle of nowhere where selling on eBay is one of the few alternatives to farming or being very poor. eBay tears down the barriers to earning possibilities that the real world constantly puts up. There is no job interview, no yearly performance reviews and no commuting involved – if you can post things, you can do it.
If you know where to get something reasonably cheap that you believe you could sell, then eBay is the place to sell it on and since you always can get discounts for bulk at a wholesaler, that is not exactly difficult. Buy a job lot of something in-demand cheaply, sell it on eBay, and you will already be making money, with no set-up costs – nada.
If you want to dip your toe in the water before you commit to actually buying anything, then you can just sell things that you have lying around in your house. Search in the cupboard for stuff you never use, and you will probably find you have got a couple of hundred dollars worth of stuff just lying around in there! This is what eBay is all about – there is always someone who wants what you are selling, whatever it might be, and since they have come looking for your stuff, you do not even have to do anything to get them to buy it.
Do you then want to get started on eBay? Well, that’s great! There are only a few little things you need to learn to get started. The next posting will give you the low-down.
* * * * *
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♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke
So what is a PowerSeller?
PowerSellers are the people on eBay who have made it, recognisable by the little ‘PowerSeller’ badge next to their name. You have probably seen these people around – and to succeed on eBay, you must think the way they do.
How does People Get the Right to Call Themselves PowerSellers?
eBay gets to decide who can be a PowerSeller and who cannot, and they have strict requirements. To get in at the minimum PowerSeller level, you must have a feedback rating of at least 100 (minimum 98% positive) and sell at least $1,000 worth of items every month for three months in a row. There are different levels of PowerSeller membership as you sell items of greater value: $1,000 total is bronze, $3,000 is silver, $10,000 is gold, $25,000 is platinum and $125,000 is titanium.
If PowerSellers ever fail to meet the required amount of sales, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are the people who have been successful for a quite a while, and are on track to stay that way.
The Shop and the Marketplace.
This is the most important part of understanding how PowerSellers think. They don’t see what they are doing as being some random bazaar, or a hobby – instead, they see themselves running a business.
Put it like this. If you run a stall in a marketplace, the odds are that you have a general area of business, but you mostly just sell whatever you can get your hands on that week. If your dodgy buddy got his hands of a job lot of something at a discount, then that is what you will be selling. This might be fun – and when you have a good week, you will have a really good week – but it is no way running a real business long-term.
PowerSellers think far more like shop owners. They sell the same things again and again, every week – regular stock for regular customers. They do ‘boring’ business things like keep inventories and budgets. They know what they are going to be selling, how much they buy it for and how much they expect to sell for. Just like a real shop, there can sometimes be hard times, but their income is stable and their business is slowly growing
The best advice I can give you in thinking like a PowerSeller is, please do not take long-term risks for short-term gains. Look after your reputation, manage your selling properly, provide good customer service and the rewards will come to you in due course. And eventually you will get a little badge next to your name that makes people trust you more!
One possibility that you might have realised so far is what eBay can do for any other businesses you might already have. Remember, millions of people visit eBay every day – why keep everything separate when you are starting to tap into that kind of power? In a future posting, I will show you a few ways how you can use eBay to grow your other business areas.
* * * * *
If you seriously thinking of earning BIG money on eBay, I definitely recommend a very successful product how to market eBay(R) auctions – eBay Fortune , The Definitive Roadmap To Auction Riches - you will need it!
Take Action – Click Here to Download “eBay Fortune , The Definitive Roadmap To Auction Riches”
* * * * *
Another viable and most recommendable option, when starting up an eBay business, is to make use of the drop shipping concept, which you can read about in the post – eBay and Drop shipping – What Is It All About?
Click here to find out more about drop shipping.
♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦ ♦
Stay tuned,
Christer
BTW
Do you also remember to FOLLOW ME on Twitter?
My new content from all my web pages is also going there
If you find the information useful, don’t hesitate to Tweet or email the post to your friends and colleagues and set up a link on your own blog!
http://twitter.com/christerfolke