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Power Sellers Unite
Bringing Buyers and Sellers Together
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elgato
Joined: 24 Feb 2005
Posts: 17241
Location: Texas
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| Posted: Wed Aug 09, 2006 12:09 am Post subject: Secrets to Becoming an Ebay Millionaire |
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NEW YORK (CNNMoney.com)
Small-business owners have discovered that they don't need a store to have success.
With more than $45 billion in yearly gross merchandise sales, eBay's virtual marketplace has spawned many lucrative businesses.
Financial analysts estimate that some 600,000 eBay sellers known as PowerSellers run either a full-time or significant part-time eBay business listing millions of items every day, according to Skip McGrath, author of "Titanium eBay: A Tactical Guide to Becoming a Millionaire PowerSeller."
eBay PowerSellers sell anywhere from $1,000 to more than $150,000 monthly on the site and also get a high level of positive feedback - with a 98 percent or better rating by other eBay users.
eBay "is a ready-made business platform," McGrath said, because of its low barrier of entry, high traffic and millions of customers with credit-card information on hand and ready to use.
Jonathon Garriss worked in a small shoe store before he started selling overstock on eBay; now he runs Gotham City Online, a $6 million to $8 million business selling shoes on eBay.
To get your hands on a piece of that $45 billion, McGrath offers these tips that could help you become a PowerSeller.
Learn to buy before you sell. By racking up experience buying, eBay-style, you will learn to bid successfully, how PayPal works, how to post feedback and how buyers and sellers communicate with each other.
more.. link to news article |
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envirobay
Joined: 17 Nov 2005
Posts: 624
Location: Boise, Id
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| Posted: Wed Aug 09, 2006 9:57 am Post subject: |
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IMO, the only way to become an ebay powerseller millionaire it to WRITE A BOOK about how to do it.
Info-mercials would also work. |
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Pipphoe
Joined: 14 Aug 2005
Posts: 1231
Location: Long Island, New York
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| Posted: Wed Aug 09, 2006 10:16 am Post subject: Re: Secrets to Becoming an Ebay Millionaire |
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You've got to cut those PowerSeller $$$ figures in half or more to figure out what people are really making on eBay. I'm always surprised to hear that the lower range of PowerSeller is $1,000 a month 'cause when you take out the fees and costs of really running the business, that ain't a whole lot of money to pay the mortgage with.
Take those principles learned in this article and use them to build your business elsewhere, is my advice. This way you're not scrambling and running around like a headless chicken when the fees go up again and having to start from scratch :twisted: |
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Lauras_Lair
Joined: 15 Jun 2006
Posts: 125
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| Posted: Wed Aug 09, 2006 10:35 am Post subject: Re: Secrets to Becoming an Ebay Millionaire |
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How to become a millionaire on Ebay?
That's simple.
Make $10 million selling on Ebay.
Give $9 million of it to Ebay
and now you're a millionaire |
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kookbox
Joined: 27 Jul 2006
Posts: 112
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| Posted: Wed Aug 09, 2006 11:14 am Post subject: Re: Secrets to Becoming an Ebay Millionaire |
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To Laura: ROFL!!!!!!!!!!
Up until a few days ago I was willing to just deal with Ebay and wait it out. My mom and I sell together, and she's wondering why I suddenly became so anti-Ebay. Hmmm... fee increases... site crashes, components not working... search problems... ...no way to reach support, and when you do, they act like they've been asleep under their desks and know nothing... icing on the cake was a HUGE billing error just a few days ago. I told her we need to get out of there entirely, before we go completely broke. |
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