July 5, 2006 at 16:47How to make money on eBay: what gives PowerSeller status
As you know, eBay is the largest commercial site on the Internet. Here you can put up for sale any product (almost any) and find a buyer. There is its own PayPal payment system , as well as a well-thought-out rating system, which minimizes the likelihood of fraud on the part of the seller or buyer.
Unfortunately, for citizens of the CIS, work at the eBay auction is complicated by the fact that residents of these countries have practically no opportunity to register in the PayPal payment system. It remains only to observe from the outside and envy foreign merchants who successfully trade on eBay. The site has all the conditions for their work.
EBay has a reward system for experienced (professional) sellers. This program is called PowerSeller and has several levels. To get the lowest level (bronze), the seller must demonstrate an average monthly sales level of at least $ 1,000 over three months. At the same time, the overall rating of reviews should reach 100, and at least 98% of them should be positive.
Following the bronze are followed by the silver level (sales of $ 3,000 per month) and gold ($ 10,000). But they all seem ridiculous compared to the two highest levels of the PowerSeller program: platinum ($ 25,000 per month) and titanium ($ 150,000).
The quality of customer reviews is critical to the seller. If at least a few negative ones appear, then the seller’s status is at risk.
EBay keeps secret how many sellers in the trading system have the status of platinum or titanium PowerSeller. According to independent researchers, among the multimillion-dollar audience of sellers, only about 4% achieved at least some status. However, titanium status holders actually exist in nature. Some of them became known to NewsFactor reporters.
28-year-old David Wirtenberg maintains his own auction office, and sells some of the goods on eBay. He became interested in online auctions in 2003, being unemployed. His stepfather offered to sell jewelry on eBay. The business went well, and after three months, David received titanium status and began to recruit additional staff to his company. Of course, such a rapid success would not have been possible without a solid start-up capital.
Another example of a successful businessman who has already received PowerSeller status is Mike Shelton. While working at a professional golf equipment store, he got the idea to help his employer sell off surplus goods. Things went so well that Mike soon registered his own company, which helped solve many other retail stores. In less than a year, his company's turnover already exceeded $ 5 million.
All examples of successful business on eBay show that this platform is very convenient for beginners. It does not take a lot of money to start a business. On the other hand, it is not easy for a single entrepreneur to become a millionaire. He simply can not cope with the processing of a large volume of orders.
However, entrepreneurs who work on eBay at a loss are much more common. In fact, it is not easy to calculate future profits taking into account all the specific costs of e-commerce. Entrepreneurs work a lot, have a big turnover, and end their careers with bankruptcy. By the way, it is for this reason that buyers can find so many profitable deals on eBay.
Unfortunately, for citizens of the CIS, work at the eBay auction is complicated by the fact that residents of these countries have practically no opportunity to register in the PayPal payment system. It remains only to observe from the outside and envy foreign merchants who successfully trade on eBay. The site has all the conditions for their work.
EBay has a reward system for experienced (professional) sellers. This program is called PowerSeller and has several levels. To get the lowest level (bronze), the seller must demonstrate an average monthly sales level of at least $ 1,000 over three months. At the same time, the overall rating of reviews should reach 100, and at least 98% of them should be positive.
Following the bronze are followed by the silver level (sales of $ 3,000 per month) and gold ($ 10,000). But they all seem ridiculous compared to the two highest levels of the PowerSeller program: platinum ($ 25,000 per month) and titanium ($ 150,000).
The quality of customer reviews is critical to the seller. If at least a few negative ones appear, then the seller’s status is at risk.
EBay keeps secret how many sellers in the trading system have the status of platinum or titanium PowerSeller. According to independent researchers, among the multimillion-dollar audience of sellers, only about 4% achieved at least some status. However, titanium status holders actually exist in nature. Some of them became known to NewsFactor reporters.
28-year-old David Wirtenberg maintains his own auction office, and sells some of the goods on eBay. He became interested in online auctions in 2003, being unemployed. His stepfather offered to sell jewelry on eBay. The business went well, and after three months, David received titanium status and began to recruit additional staff to his company. Of course, such a rapid success would not have been possible without a solid start-up capital.
Another example of a successful businessman who has already received PowerSeller status is Mike Shelton. While working at a professional golf equipment store, he got the idea to help his employer sell off surplus goods. Things went so well that Mike soon registered his own company, which helped solve many other retail stores. In less than a year, his company's turnover already exceeded $ 5 million.
All examples of successful business on eBay show that this platform is very convenient for beginners. It does not take a lot of money to start a business. On the other hand, it is not easy for a single entrepreneur to become a millionaire. He simply can not cope with the processing of a large volume of orders.
However, entrepreneurs who work on eBay at a loss are much more common. In fact, it is not easy to calculate future profits taking into account all the specific costs of e-commerce. Entrepreneurs work a lot, have a big turnover, and end their careers with bankruptcy. By the way, it is for this reason that buyers can find so many profitable deals on eBay.