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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.

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.

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 advice I can give you on thinking like a PowerSeller 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?

The Skill Gap

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How to People Get the Right to Call Themselves eBay PowerSeller?

eBay gets to decide who can be an eBay 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 PowerSellers ever fail to meet the required amount of sales, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are the people who have been successful for a good while, and are on track to stay that way

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In this post you will find the most common eBay words and abbreviations. If I missed any let me know and I will add them.

Bid: telling eBay’s system the maximum price you are prepared to pay for an item.

Dutch: an auction where more than one of an item is available.
Feedback: positive or negative comments left about other users on eBay.

Mint: in perfect condition.

Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item.

PayPal: an electronic payment method accepted by most sellers.

Rare: used and abused on eBay, now entirely meaningless.

Reserve: the minimum price the seller will accept for the item.

Shill bid: a fake bid placed by a seller trying to drive up their auction’s price.

Snail Mail: the post, which is obviously very slow compared to email.

Sniping: bidding at the last second to win the item before anyone else can outbid you.

Initials & Abbreviations

AUD: Australian Dollar Currency.

BIN: Buy it Now. A fixed price auction.

BNWT: Brand New With Tags. An item that has never been used and still has its original tags.

BW: Black and White. Used for films, photos etc.

CONUS: Continental United States. Generally used by sellers who don’t want to post things to Alaska or Hawaii.

EUR: Euro Currency.

FC: First Class. Type of postage.

GBP: Great British Pounds Currency.

HTF: Hard To Find. Not quite as abused as ‘rare’, but getting there.

NIB: New in Box. Never opened, still in its original box.

NR: No Reserve. An item where the seller has not set a reserve price.

OB: Original Box. An item that has its original box (but might have been opened).

PM: Priority Mail.

PP: Parcel Post.

SH: Shipping and Handling. The fees the buyer will pay you for postage.

USD: United States Dollars Currency.

VGC: Very Good Condition. Not mint, but close.

Don’t forget to let me know if I forgot any important eBay words or abbreviations. I will add any new information as soon as it becomes available.

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How to make money on eBay Using your website.

1 – Individuals can make money back from eBay both by promoting their own auctions and also promoting others auctions using the eBay affiliate program.

2 – eBay provides a 75% discount final value fees to sellers who send traffic from any off eBay location including their own website, blog or email to their eBay store.

3 – To earn your discount, sellers must direct buyers to either their Store’s main page,their About Me page, internal search page,A Store category page within their Store, A search results page within their Store.

4 – Put ?refid=store or &refid=store at the end of your link to get credit.

5 – Sellers can also use the ebay affiliate program to generate commissions from other seller.

6 – Signup for the eBay affiliate program at affiliates.ebay.com.

7 – You can use the eBay Editor’s toolkit to put auctions on your blog or webpage that meet specific criteria. When a user clicks on the auction from your website and wins an auction you will receive a commission on the sale.

8 – Create pages within your blog or website that have niche content and include eBay toolkits with items within that Niche. Search engines will pickup those pages and help drive traffic to your site.

This looks like something that should be explored further.
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When selling on eBay the one thing you really have to pay attention to is your eBay reputation. Your reputation is everything you are on eBay – without it, you’re done. Your reputation is directly related to every sale you will ever make or not make.

If you’ve ever bought anything on eBay, then think about your own conduct. Nobody wants to Buy from a seller with a low feedback rating, it makes you feel a little nervous and insecure, while buying from a PowerSeller with their reputation in the thousands doesn’t require any thought or worry, you feel confident that you will be treated properly.

In fact, a bad reputation will lose you almost all your sales. If someone leaves you negative feedback, you will feel the pain straight away, as that rating will go right at the top of your user page for everyone to see. Who’s going to want to do business with you when they’ve just read that you “took a month to deliver the item”, or that you had “bad communication and sent a damaged item”? The answer is no-one.

You might have to spend days or even weeks selling cheap stuff to get enough positive feedback to make anyone deal with you again. Forcing you to sell your products very cheap losing profit in the process.

It’s even worse if you consistently let buyers leave negative feedback – once you get below 90% positive ratings, you might as well be invisible.

If selling on ebay is your thing make sure you over deliver and under promise and you won’t go wrong.

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