Most people think of eBay as a place where they can change some of their old junk into cash, gaining some money from what otherwise might have ended up taking a trip to the dump. There are those, however, who have recognized the money-making potential of eBay and brought it to a whole new level: the power seller.
Power sellers on eBay have various methods of going about turning a tidy profit. They may employ age-old methods such as beachcombing and garage sale in order to gain a large stockpile of inventory that they can then turn around and sell at the world’s largest auction at a handsome profit. Power sellers may also offer to sell other people’s goods on the eBay marketplace for a percentage of the profit or an upfront fee. Regardless of their method, power sellers often find themselves making quite a bit of money simply by using the potential of the site to its fullest.
The existence of the eBay professional is certainly no joke or figment of the imagination; there are over 700,000 individuals who make this their full-time job, with another million supplementing their income through more casual eBay sales. These professionals have learned the ins and outs of the eBay system, and most understand the best ways to sell products for top dollar.
The fact that the professionals have been in the market for so long should not discourage any new entrepreneur from taking the same steps themselves. The fact is, eBay is so huge, with over 1.4 billion items listed in 2005 and three million auctions closing every day, that it could stand a lot more competition before the professional selling business became cutthroat.
There are also ample resources to assist a prospective eBay power seller in starting up their new venture. Many books have been written already about successfully and strategically creating auctions, including where to list certain items, what is hot, what is not, and how to go about finding buyers.
As with any business, one of the keys to eBay is to keep your clients happy. eBay operates through feedback, and this feedback is essential both for buyers and sellers in order to retain and evaluate the legitimacy of the business or the offer. Unlike other bid sites, however, eBay also offers a regulated feedback system, in order that professionals do not take a hit to their bottom line because some disgruntled buyer ended up being unhappy with the final price they paid, or they felt that the seller was too pushy when it came to asking for payment.
An eBay power seller has hit upon a fun way to make some extra cash or even to earn a good full-time income, without having to go out and invest in advertisements or finding a clientele. eBay brings clients from around the world to your product, and it is just a matter of getting the word to them that you have something that they will need.