Earn your living online: 10 ways to increase your cash flow by becoming an eBay PowerSeller.More than 430,000 people earn part or all of their living selling products on eBay (eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale. , but only 90,000 have achieved PowerSeller status by selling at least $1,000 worth of goods each month and maintaining at least a 98% positive feedback rating. PowerSellers have mastered the art of selling online through hard work and savvy buying and selling. Michael Miller Michael or Mike Miller may refer to:
1. Focus on one product category. Former co-workers Raymond Ramsey and Charles Ross Charles Ross can refer to:
tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. a range of products. On eBay, however, they specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. mainly in consumer electronics and power tools. eBay sales now account for 45% of Cash Money Buyers' business. 2. Buy low, sell high. PowerSellers research prices and routinely monitor demand using free reports at the site. Ramsey and Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. buy their inventory wholesale, then clean, test, and prep the items before listing them. But "the beauty of eBay is that you may get a bidding war," says Ross. "Even if a saw is worth $100, [a buyer] may pay $200." 3. List in volume. Cash Money Buyers lists about 200 or more items a month, while James and Brenda Daniel; owners of Best Designer Wear in Woodstock, Georgia Woodstock is a city in Cherokee County, Georgia, United States. The population was 10,050 at the 2000 census.[3] Originally a stop on the Louisville & Nashville railroad line, Woodstock is now the tenth fastest growing suburb in the US with an estimated population of , list more than 400. They sell new and used women's fashions from Jones New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Ann Taylor Notable people named Ann Taylor include:
4. Be organized. Miller suggests that sellers who are serious about making money create an assembly-line operation for packing and shipping products, which takes a lot of time. 5. Create professional-looking listings. "The better looking your item listings, the more auctions you'll close--at higher prices," Miller says. eBay has free templates available to help sellers create more attractive listing pages. Even inexpensive digital cameras help improve image quality. 6. Write compelling descriptions. Miler says the item listing title is critical to getting a buyer's attention and should be as specific as possible. 7. Use auction management tools. James Daniel estimates that automating e-mail responses and feedback has cut time spent on administrative tasks by half. He believes eBay's tools are easiest to use, though Miller suggests also checking out Andale.com and Auctiva.com. 8. Accept credit card payments. Businesses are almost certain to lose sales unless they accept payments through PayPal.com or apply for a merchant credit card account, says Miller. 9. Provide stellar customer service. Because customers love communication with sellers, the owners of Cash Money Buyers spend about an hour a day answering e-mails and inquiries. Shipping quickly using appropriate packing materials is also key. 10. Treat it like a business. "There are eBay businesses out there selling more than $1 million a year," says Miller. "But there are more businesses doing $2,000 to $5,000 a month." With eBay, you can size your business to meet your needs. For more information about how to sell products on eBay, visit www.ebay.com. |
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