I Think I Crashed The Economy
Beyond Is Within (If I Could Surrender)
Graham English Talks Episode 15eBay PowerSellers are recognizable by the ‘PowerSeller’ badge next to their name. Maybe you’ve seen these sellers around — and to succeed on eBay, you want to think like they do.
How do people get the right to call themselves PowerSellers?
eBay gets to decide who is a PowerSeller and who isn’t. They have strict requirements. To get in at the minimum PowerSeller level, you must have a feedback rating of at least 100 (minimum 98% positive) and sell at least $1,000 worth of items for three months in a row. There are different levels of PowerSellers: $1,000 total is bronze, $3,000 is silver, $10,000 is gold, $25,000 is platinum and $125,000 is titanium.
If PowerSellers ever fail to meet their sales requirements, or their feedback falls below 98% positive, then they lose their PowerSeller status. In short, the only people who get to be PowerSellers on eBay are those who have been successful for a long time, and are on track to stay that way.
PowerSellers don’t see what they are doing as a hobby. Instead, they see themselves as business owners. This is the most important part of understanding how PowerSellers think.
PowerSellers think like real stores. They sell the same things again and again, every week — regular stock for regular customers. They do things like keep inventories and make budgets. They know what they are going to be selling, how much it costs them, and how much they can sell it for. Just like a real shop, there can be hard times, but their income is stable and their business can steadily grow.
PowerSellers don’t take long-term risks for short-term gain. They look after their reputation, manage their auctions, provide good customer service, and reap the rewards. And that little badge next to their name makes people trust them more!
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