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How to Think Like
an eBay Power Seller.
So what's a Power Seller? Power Sellers are the people on eBay
who've made it, recognizable 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 Power Seller
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 realized 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? The next email will
show you a few ways you can use eBay to grow your other businesses.
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How to Use eBay
to Grow Your Other Businesses.
Most of the people who make money from eBay don't actually make
all of that money on eBay. There are all sorts of ways you can
use eBay to give your existing businesses a helping hand.
The Supply Side.
If you have any leftover stock or used items from another business
you run, then why not sell them on eBay? You can make this a regular
thing, using it to get rid of things that won't sell for the premium
you ask for in a shop, or items that are no longer in demand in the
town or city where your business is based.
You can really make a lot of money this way, if you know what you're
doing. You will, of course, already be an expert in the items you're
selling, as you use them in your business, and you'll know that the
items are of high enough quality to be sellable. This is a whole new
market for your old inventory!
Not only that, of course, but remember that your good eBay
reputation will make you a great buyer! If there's ever anything you
want to get for your business, the chances are you'll be able to get
it on eBay for a discount.
The Sales Side.
Here, though, is where the true power of eBay lies. EBay give you an
'About Me' page, where you can write anything you like and link
anywhere you like. This means that you can get traffic to your
business' website by linking to your website from your About Me page
and linking to your About Me page from each auction.
To create an About Me page, just click on 'Community' on the
toolbar, scroll to the bottom of the page, and click 'Create an
About Me page'. You then get the option to either enter your own
HTML or let eBay guide you through the process. All you need to do
is write a little about your website, link to it, and you're done -
you'll notice that more people start to come to your site straight
away.
There are thousands of people who swear by this technique to drive
traffic from eBay to their website - with a little persuasive sales
copy on your site, they say, you can sell directly to buyers,
cutting out the eBay middleman. What's more, all the traffic you'll
get will be targeted - because the people who click through were
interested in your auction to begin with.
This can be a really powerful technique, especially if you've
already got an e-commerce site. Even if you haven't, you might find
it worth your time to set up a website that does nothing but list
your eBay inventory with a few dollars off each item, with a PayPal
'Buy Now' button for each item. Then simply make the link to your
About Me page read 'Visit my website for even more bargains!', and
you're done.
Now that you've seen how to drive visitors to your website, maybe
you'd like a little help getting your auction in front of buyers.
That's why our next email will show you the secrets of taming the
eBay search engine.
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Taming the eBay
Search Engine.
If you know what you're doing, you can quickly find what you're
looking for on eBay - and the more you know about how buyers
find you, the easier you'll find it to be found. Here are a few
golden searching rules.
Be specific: If you're searching for the first edition of the
original Harry Potter book, you'll get further searching for 'harry
potter rowling philosopher's stone first edition' than you will
searching for 'harry potter'. You'll get fewer results, but the ones
you do get will be far more relevant.
Spell wrongly: It's a sad fact that many of the sellers on eBay just
can't spell. Whatever you're looking for, try thinking of a few
common misspellings - you might find a few items here that have
slipped through the cracks.
Get a thesaurus: You should try to search for all the different
words that someone might use to describe an item, for example
searching for both 'TV' and 'television', or for 'phone', 'mobile'
and 'cell phone'. Where you can, though, leave off the type of item
altogether and search by things like brand and model.
Use the categories: Whenever you search, you'll notice a list of
categories at the side of your search results. If you just searched
for the name of a CD, you should click the 'CDs' category to look at
results in that category only. Why bother looking through a load of
results that you don't care about?
Don't be afraid to browse: Once you've found the category that items
you like seem to be in, why not click 'Browse' and take a look
through the whole category? You might be surprised by what you find.
Few people realize just how powerful eBay's search engine is - a few
symbols here and there and it'll work wonders for you.
Wildcard searches: You can put an asterisk (*) into a search phrase
when you want to say 'anything can go here'. For example, if you
wanted to search for a 1950s car, you could search for 'car 195*'.
195* will show results from any year in the 1950s.
In this order: If you put words in quotes ("") then the only results
shown will be ones that have all of the words between the quote
marks. For example, searching for "Lord of the Rings" won't give you
any results that say, for example "Lord Robert Rings".
Exclude words: Put a minus, and then put any words in brackets that
you don't want to appear in your search results. For example: "Pulp
Fiction" -(poster,photo) will find items related to Pulp Fiction but
not posters or photos.
Either/or: If you want to search for lots of words at once, just put
them in brackets: the TV example from earlier could become '(TV,television)',
which would find items with either word.
Don't get too tied up learning the ways of the search engine,
though: a surprising number of eBay users don't search at all,
preferring to look through eBay's category system and save their
favorites in their browser. The next email will show you how to make
sure these people can find you too.
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