Attaining PowerSeller status is one signal that you are on your way to make money on eBay. There are many sales steps along the road to becoming a Platinum PowerSeller. To start, every single PowerSeller must be selling at least $1,000 per month. That is eBay's requirement for entering the PowerSeller ranks. As sales increase there are other rankings including:
?BRONZE: Bronze PowerSellers sell in excess of $1,000 per month.
?SILVER: Silver PowerSellers sell at least $3,000 per month.
?GOLD: Gold PowerSellers sell in excess of $10,000 per month.
?PLATINUM: Platinum PowerSellers sell in excess of $25,000 per month.
?TITANIUM: Titanium PowerSellers sell in excess of $150,000 per month.
EBay determines who becomes a PowerSeller. In fact there are other very specific requirements that must be met to attain and remain an eBay PowerSeller.
To be accepted as a Bronze PowerSeller you must have a feedback rating of at least 98% positive and a minimum of 100 feedbacks. You must also have sold at least $1,000 worth of items on eBay every month for three consecutive months. With this list of accomplishments in hand, you are on your way to make money on eBay.
EBay PowerSellers must be consistent in their performance. They cannot maintain PowerSeller status if they allow their performance to fall below required levels. If a PowerSeller fails to meet the required sales, or if a PowerSeller's feedback falls below 98% positive, then that PowerSeller will lose PowerSeller status. The eBay world is filled with terms that every new seller must know to make money on eBay. They are terms that must be learned before ever listing a single item. Mistakes can and will cost you sales and can turn profits into losses.
The first term is BID. While most will know this word before even starting on eBay, for others it is new. A BID is simply a statement to eBay regarding the maximum price that a prospective buyer is willing to pay for an item at that moment. A BID on an item that you have listed is an offer to buy for that price and no more. Needless to say, the more BIDs that you receive the higher the price that you will ultimately receive for your item.
To make money on eBay you need anyone who has a winning BID to actually follow though and make payment to buy the item. Unfortunately, from time to time you will run into a bidder who fails to make payment. Those NON-PAYING BIDDERS don't make payment and therefore do not make the purchase.
Once you've got these terms and their meanings down, learn more. There are many terms that you will see on eBay and other sites as well. Know the most used terms and their meanings will make it much easier to operate your eBay business. Knowing the most used terms and the meanings of these terms will take you one step toward the goal to make money on eBay.
To make money on eBay requires long-term, consistent performance. To remain as a PowerSeller requires that a seller demonstrate consistent sales success. PowerSellers are on their way to make money on eBay.
