Auction Article
Learn How to Think Like an eBay Power Seller.
So what is a Power Seller? Power Sellers are the people on eBay who have made it,
recognisable by the little 'Power Seller' badge next to their name. You've
probably seen these people around - and to succeed on eBay, you want to think
the way they do.
How to People Get the Right to Call Themselves Power Sellers?
eBay gets to decide who can be a Power Seller and who can't, 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 Power Seller 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 Power Sellers ever fail to meet the required amount of sales, or their
feedback falls below 98% positive, then they lose their Power Seller status. In
short, the only people who get to be Power Sellers on eBay are the people who
have been successful for a good while, and are on track to stay that way.
The Shop and the Marketplace.
This is the most important part of understanding how Power Sellers think. They
don't see what they're doing as being some random bazaar or a hobby, instead,
they see themselves as a business.
Put it like this. 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 of 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.
Power Sellers 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 Power Seller 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 possibility that you might have realised so far is what eBay can do for any
other businesses you might have. Remember, millions of people visit eBay every
day - why keep everything separate when you're starting to tap into that kind of
power? In this resource center you may also find a few ways you can use eBay and
similar auctions to grow your other businesses.
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