May all your Purchasers be Bargains and all your Sales be Monsterousssssss!Ebay Powerseller - Do you have what it takes?
Power sellers get many advantages and discounts from eBay, so becoming and maintaining Power Seller status is considered important by many people. There is far more to being a good Power Seller than just following the rules.
In this Study we will show you some of the tricks we have found to become an accomplished Power Seller.
Understanding Power Seller Status
1. Understand Power Seller Tiers.
*There are several tiers of Power Seller, and your benefits vary depending on your tier. The tier you fall in is determined by consistent sales volume over a period of months.
There are 5 Power Seller Tiers:
1st * Bronze power sellers have a minimum of $1000 in sales per a month. Bronze tier benefits include prioritized online support from eBay.
2nd* Silver power sellers must have a minimum of $3000 of business a month. Silver power sellers get both prioritized online support and toll free phone support.
3rd* Gold power sellers are required to do $10,000 of volume a month. These power sellers get all the benefits of the first two tiers plus free access to eBay's Account Manager Software.
4th* Platinum power sellers get all the benefits of the gold tier but must do $25,000 of business monthly.
5th* Titanium power sellers to $150,000 or more of business a month.
2. Learn eBay's policies for power seller status.
*Policies are always subject to change, but Power Seller rules have been fairly stable for a few years.
To become a power seller you must:
* Be an active member for 90 days.
* Average a minimum of $1000 in sales per month, for three consecutive months.
* Maintain a minimum of 4 average monthly listings for three consecutive months.
* Have an overall feedback rating of 100, of which 98% or more is positive.
* Have an account in good financial standing.
* Uphold the eBay community values, including honesty, timeliness and mutual respect
* Comply with all eBay listing and marketplace policies.
Maintain active communication with your customers. Customers are less likely to be unhappy, file complaints or make your life miserable if you communicate with them.
* Always send the customer a tracking number for their package.
* Always include a packing slip with the auction number in the package.
* Respond to any questions promptly.
Put the customer first. Power sellers always have the customer at the forefront of their operation. Understand that your seller reputation on eBay's is primarily determined by your feedback score, therefore treating your customers right is not only common sense but good business too.
* In a conflict with a customer always use the eBay email system to communicate with them in order to establish a written record.
* Always keep your cool and be professional.
* If the customer is wrong consider the money involved in keeping a customer against the money involved in proving you are right.
Consider offers for dissatisfied customers, even if they are wrong:
Give them free shipping, or refund their shipping.
Include a free gift in the package.
Develop a listing that answers all questions about your sale, including your return, shipping and other customer service policies.
Stick with it!
Be consistent with all customers when it comes to your own policies.
3. Plan to be organized.
*Power sellers deal with such a large volume of business they need to develop a "back-end" organization (also known as a workflow) that minimizes the time they spend keeping up with their own policies regarding on-time shipping, packing, returns and similar activities. You may think of this preparation as creating an "assembly line". For example, you may set up a large 4' by 8' table with bubble wrap and packing materials at one end, products in the middle, and boxes, labels and packing tape at the far end.* Buy and keep a selection of shipping boxes and shipping materials in your home.
* Consider setting aside an area of your home just to run your business.
* Create online shipping accounts with USPS, UPS or your favorite shipper so you can print shipping labels at home.
* If you do a lot of shipping consider signing up for a pickup service, rather than lugging it all to the mailer yourself.
4. Choose a focus.
*A Power seller is usually focused on a single article or type of product. Doing so makes all other aspects of running the business easier, including listing, packing and shipping.5. Establish an accurate accounting procedure.
* Keep a paper copy of every auction, the winner, and the shipping receipts.
* Keep a record of all your customers, their names and addresses.
* Establish a regular schedule for balancing your books, perhaps monthly.
6. Stay up-to-date on auction trends and changes.
* Buy good, recent books on online auctions and e-commerce in general.
* Participate or read the eBay Message Boards and Forums.
* Stay tuned to the eBay Announcements Board.
* Subscribe to newsletters and groups concerning power sellers.
* Scan the news for power seller and eBay announcements and changes.
Create Professional HTML Listings
1. Create professional photographs.
*Learn to take good product photographs, or use a scanner well if your item is flat. Be sure to include enough detail in your photographs to show all flaws in an item.* Learn how to take a basic quality photograph. Make sure it is in focus!
* Consider creating a mini studio including photographic lighting.
* Learn how to color correct photographs taken in interior or other lights.
* Use a mixture of close ups and wide shots to give your customers a good feel for the item.
* Remember that your photographs are part of your listing and will be considered in any disputed transaction.
* You pay no more for larger photographs than smaller ones, so make your photographs as large as possible for the eBay system.
* Consider paying extra for oversize photographs and other eBay photographic features.
* Only use a scanner for flat items.
2. Schedule listing for peaks periods.
*For ten cents you can schedule any start time for your auctions. Peak buying periods are generally considered to be, Saturday, Friday and Sunday evenings between 6 and 8 pm eastern standard time. That said, the peak periods for your particular customers may vary.
3. Write detailed item descriptions.
*A Power seller has achieved their level by maintaining a high ratio of positive feedback. This is primarily accomplished by having clear and accurate descriptions of the items so that the bidder can clearly "imagine" the item as if it were sitting in front of her along with describing the flaws in the item. A great description should entice the bidder to bid while at the same time providing full and complete disclosure of the item's condition. Always be scrupulously honest in your descriptions.
4. Make it easy for winners to pay you!
*By offering a variety of payment options, power sellers make it easy for winning bidders to pay for their items. They offer to accept Checks, Money Orders, all types of credit and debit cards through PayPal, Billpoint, or their own Merchant Accounts. By offering a wide variety of payment options, they open up their market of available bidders and end up with higher ending bids as a result.
5. Accept International Bids.
*By accepting bids from around the world you dramatically increase the number of customers you can attract and probably increase the end price of your item. On the down side shipping to many other countries is often difficult and awkward.
6. Offer discounts on multiple items.
*Whether it is a discount on shipping multiple items or a discount on the actual price of multiple items, power sellers realize the value of a good customer and treat that customer special. Unexpected discounts tell the customer "You're special" and build a reciprocity that keeps customers coming back or searching the Power sellers' auctions.
Take it Further
* Complete your "About me" page and any other tools eBay offers for advertising.
* Explore the use of "coop" money.
* Include a link to your current auctions in your email signature.
* Include a link to all your other auctions on all your listings.
2. Use the Power Seller tools on eBay.
*All power sellers get benefit and tools from eBay to help maximize their profits. Learn to use these tools. The welcome kit varies for different tiers of power seller but includes:
* A welcome kit featuring an official certificate of achievement from Meg Whitman [] and essential advanced selling tips available in electronic format (.pdf) on the Power Seller portal.
* Personalized sales and Feedback information on program portal pages.
* Power Seller icon next to user ID.
* Use of Power Seller logo in your item listings and on your About Me pages.
* Unique Power Seller logo merchandise to wear and use or give to customers.
* Power Seller logo letterhead and business card templates for customer communications.
* Exclusive Power Seller-only discussion board
* Monthly PowerUp! email newsletter featuring the latest program information, special promotions, and advanced selling education
* Quarterly printed PowerUp! newsletter in the mail
3. Consider a "dutch auction"
*In a Dutch auction a seller can place a large number of the same item up for sale individually. Bidders can bid on one or more of the item, but the highest bidders will be first in line for the products they bid on.* A Power seller uses Dutch auctions often because it is a huge time-saver. This is a true "assembly line" auction from start to finish.
* Packing and shipping goes a lot faster when the same item is being packed and shipped over and over again.
* In the same period of time that it takes to list one item, you are listing dozens, or even hundreds of items!
4. Consider hiring an assistant.
*Power sellers delegate because they have to! Your volume may require you hire an assistant to do some of the more repetitive tasks that don't require the your expertise attention.
5. Bulk list your auctions
*Use bulk listing software or auction management services to list many auctions at the same time. There are various options in this area, from eBay's own "Mister Lister" to Blackthorne software to Andale, and Auction Watch auction management services.
6. Create an actual business.
*You may be legally required or may prefer to create an actual small business if you are running the typical power seller operation. Having your own business has advantages and disadvantages. For example, you may qualify for special bank loans for capital investments or you may get certain tax privileges. The disadvantages include extra record keeping and all the work involved in creating and maintaining a small business. The eBay power seller program includes some benefits designed especially for small business owners including:
* Health insurance solutions for Power Sellers and their employees
* Special invitations to participate in eBay events
* Additional special values from eBay service providers
7. Invest in your business.
*Whether it means investing in a high-speed cable modem or DSL connection, high-quality computer components, digital cameras and lights, monitors, keyboards, or anything else investing in the tools that make running a power seller program easier is always a good idea, so long as your business will scale to support such capital expenditures.
* eBay automatically sends invitations to eligible members each month. You do not have to, and cannot, apply for Power Seller status.
* Power Seller status is free, you do not pay extra for the title and often get deals and discounts not available to regular sellers.
* Be constantly on the lookout for good deals. The Power seller is the consummate "deal-maker".
Whether it's at an antique store or at a swap meet, the Power seller is always thinking about things they can re-sell. In addition check out the bulk item listing on eBay itself for good deals for Power Sellers.
* Look for good deals on your business materials too, like boxes and packing materials.
* Invest in a heavy duty and quality shipping scale.
* Don't be caught off-guard with a new change or policy that might affect your business and profits.
* Winning and maintaining Power Seller status is not for everybody. It involves great discipline — much like running any retail business — so consider how valuable you think the title is before deciding to become an eBay Power Seller.
May all your Purchasers be Bargains and all your Sales be Monsterousssssss!
If you found our guide helpful it would be greatly appreciated if you can vote that you found it useful, we love to share our eBay experience with other eBay Users and look forward to being a continued part of the eBay Community and helping as many as we can to avoid the negative experiences.
We will bring further Studies and helpful tips to the Public Forum and share them with you as they are completed. We have been Studying many aspects of eBay now for the past 4 years and consider ourselves very experienced in the day to day operations in both buying and selling on eBay.
If there is any questions you have feel free to contact us via the eBay message system. We will only be too happy to assist you.
Daryl and Trish Evans
Storage Surplus Auctions