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How Do You Become An eBay PowerSeller?
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How to People Get the Right to Call Themselves PowerSellers?
EBay gets to decide who can be a PowerSeller 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 PowerSeller 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 a PowerSeller for any reason fails to meet that required number of sales or their feedback rating drops below 98% positive, then they will unfortunately lose their PowerSeller status. To put it simply, the only people on eBay who actually become PowerSellers are those that have been successful, that are successful and look to stay successful for a very long time.
The Shop and the Marketplace
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.
To put it simply, if you had your own stall in a crowded marketplace, the chances are that you have your own general area of business, but generally only sell whatever you are able to get a hold of that sale. If your friend happened to get a hold of a product at a nice discount product, then that's what you'd find yourself selling. This could prove to be fun, especially when you have a good week, but it's no way to run a real business in the long run.
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 possible advice that I can give you on thinking and behaving like a PowerSeller is this; do not take those long term risks simply for short term gain. Take care of your reputation, managing all your sales correctly, provide the best possible customer service you can and you should be rewarded in due time. And maybe some day you'll get that little 'PowerSeller' badge right next to your username that will make people especially trust you.
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? The next email will show you a few ways you can use eBay to grow your other businesses.
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