What exactly is a PowerSeller?
PowerSellers are the eBay members that have made it, you can recognize them by the ‘PowerSeller’ badge next to their name. You’ve probably seen these people across eBay as you go about your usual business – to succeed on eBay, you need to think the way they do.
How do you get Awarded PowerSeller Status? eBay decides who can be a PowerSeller and who can’t, and they have strict rules. 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 is bronze
$3,000 is silver
$10,000 is gold
$25,000 is platinum
$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. Essentially the only eBay users that get to be PowerSellers on eBay are the users that have been successful for a while and are on track to stay successful.
The Marketplace and the Shop.
This is the most important part of understanding how PowerSellers think. They don’t see what they’re doing as being some random bazaar, or a hobby – instead, they see themselves as a business.
For example, if you run a stall in a marketplace, the chances 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 on a job lot of something at a discount, then that’s what you’ll be selling. This might be fun – and when you have a good week, you’ll have a really good week – but it’s no way to run a real business in the long-term.
PowerSellers think far more like shops. 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’re 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 be hard times sometimes, but their income is stable and their business can grow slowly.
The best advice I can give you on thinking like a PowerSeller is this: don’t take long-term risks for short-term gain. Look after your reputation, manage your selling properly, provide good customer service and the rewards will come to you in due course. And you’ll get a little badge next to your name that makes people trust you more!
One option that you may of missed is – What can eBay do for any other businesses you have. Millions of people visit eBay every day – why keep everything separate when you’re starting to tap into that kind of power?
In fact $14 out of every $100 spent online is spent at eBay!
Darren Yates has learned of a guy, Brandon Dupsky, that makes $22,000 a DAY! on eBay selling everyday stuff. Do you think you could too? – http://www.how-to-make-money-online.inf/eBay-millionaire/