Secrets To Becoming An eBay Millionaire
CNNMoney.com:
Small-business owners have discovered that they don’t need a store to have success.
With more than $45 billion in yearly gross merchandise sales, eBay’s virtual marketplace has spawned many lucrative businesses. Financial analysts estimate that some 600,000 eBay sellers known as PowerSellers run either a full-time or significant part-time eBay business listing millions of items every day, according to Skip McGrath, author of Titanium eBay: A Tactical Guide to Becoming a Millionaire PowerSeller.
eBay PowerSellers sell anywhere from $1,000 to more than $150,000 monthly on the site and also get a high level of positive feedback – with a 98% or better rating by other eBay users. eBay ‘is a ready-made business platform,’ McGrath said, because of its low barrier of entry, high traffic and millions of customers with credit-card information on hand and ready to use. Jonathon Garriss worked in a small shoe store before he started selling overstock on eBay; now he runs Gotham City Online, a $6 million to $8 million business selling shoes on eBay.
To get your hands on a piece of that $45 billion, McGrath offers these tips that could help you become a PowerSeller:
* Learn to buy before you sell;
* One man’s junk is another man’s treasure;
* Sell what you love;
* It’s not only what you sell, but how you sell;
* Hone your headlines;
* A picture is worth a thousand words;
* Get into the description;
* Think big.
Almost anyone has what it takes to make it to the upper tiers, although making it in the eBay world does require some diligence and patience. All sellers, at some point, might have trouble unloading a product or dealing with a difficult customer, but with these techniques the serious seller can step up their game. Now that you have the tools of the trade, get your gavel and go.
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