Chapter 30. Making a Living from eBay
I N T HIS C HAPTER
Chances are you're just starting out on your online auction adventureslearning how to buy and sell and take advantage of everything eBay has to offer. As you gain more experience, however, you may decide that you're pretty good at the whole thing, and start to
For tens of thousands of eBay users, making a living from online auctions isn't a dreamit's reality. It's definitely possible to sell enough items to generate a livable income from eBay auctions. It takes a lot of hard work and it's as complex as running any other business; but it can be done.
Let me tell you how.
Becoming an eBay PowerSeller
One of the steps to running your own eBay businessalthough not a requirement, by any meansis to become an eBay PowerSeller. eBay's 100,000-plus PowerSellers generate enough business to
To become a PowerSeller, you must meet the following qualifications:
Table 30.1. PowerSeller Requirements, by Level
The most important point is the first, because it's the most quantifiable. There are five levels in the PowerSeller program; qualification for each level is based on average gross monthly sales, calculated over the past three months of selling activity. Table 30.1 shows the qualifying requirements for each level.
That's right, there are some eBay sellers who average $150,000 or more a month. That's almost two million dollars a year in
Membership in eBay's PowerSellers program is free. However, you can't apply; PowerSeller status is by invitation only. Each month eBay sends out invitations to sellers who meet the PowerSeller criteria. You become a member by (1) meeting the criteria; (2) receiving an invitation; and (3) responding positively to the
Want to learn more? Then go to the main PowerSeller's page (pages.ebay.com/services/buyandsell/welcome.html) and read up!
The eBay Seller's Tax and Legal Answer Book: Everything You Need to Know to Keep the Government Off Your Back and Out of Your Wallet
How and Where to Locate the Merchandise to Sell on eBay: Insider Information You Need to Know from the Experts Who Do It Every Day
eBay 101: Selling on eBay For Part-time or Full-time Income
Three Weeks to eBay Profits, Revised Edition: Go from Beginner to Successful Seller in Less than a Month (Three Weeks to Ebay Profits: Go from Beginner to Successful)