Wise Observer

If you’ve ever read an article about eBay, you will have seen the kinds of incomes people make - it isn’t unusual to hear of people making thousands of dollars per month on eBay.

Next time you’re on eBay, take a look at how many PowerSellers there are: you’ll find quite a few. Now consider that every single one of one of them must be making at least $1,000 per month, as that’s eBay’s requirement for becoming a PowerSeller. Silver PowerSellers make at least $3,000 each month, while Gold PowerSellers make more than $10,000, and the Platinum level is $25,000. The top ranking is Titanium PowerSeller, and to qualify you must make at least $150,000 in sales every month!

The fact that these people exist gives you come idea of the income possibilities here. Most of them never set out to even set up a business on eBay - they simply started selling a few things, and then kept going. There are plenty of people whose full-time job is selling things on eBay, and some of them have been doing it for years now. Can you imagine that? Once they’ve bought the stock, everything else is pretty much pure profit for these people - they don’t need to pay for any business premises, staff, or anything else. There are multi-million pound businesses making less in actual profit than eBay PowerSellers do.

Even if you don’t want to quit your job and really go for it, you can still use eBay to make a significant second income. You can pack up orders during the week and take them down to the post office for delivery each Saturday. There are few other things you could be doing with your spare time that have anywhere near that kind of earning potential.

What’s more, eBay doesn’t care who you are, where you live, or what you look like: some PowerSellers are very old, or very young. Some live out in the middle of nowhere where selling on eBay is one of the few alternatives to farming or being very poor. eBay tears down the barriers to earning that the real world constantly puts up. There’s no job interview and no commuting involved - if you can post things, you can do it.

Put it this way: if you know where to get something reasonably cheaply that you could sell, then you can sell it on eBay - and since you can always get discounts for bulk at wholesale, that’s not exactly difficult. Buy a job lot of something in-demand cheaply, sell it on eBay, and you’re making money already, with no set-up costs.

If you want to dip your toe in the water before you commit to actually buying anything, then you can just sell things that you’ve got lying around in the house. Search through that cupboard of stuff you never use, and you’ll probably find you’ve got a few hundred dollars’ worth of stuff lying around in there! This is the power of eBay: there is always someone who wants what you’re selling, whatever it might be, and since they’ve come looking for you, you don’t even need to do anything to get them to buy it.

So you want to get started on eBay? Well, that’s great! There are only a few little things you need to learn to get started. Our next email will give you the lowdown.

Kirsten Hawkins is an Ebay and internet auction enthusiast from Nashville, TN. Visit www.auctionseller411.com/ for more great tips on how to make the most from Ebay and other online auctions.

Shop at a flea market in Oaxaca, Mexico. Trade with a vendor in London, England. Or sport your wares to collectors in Geneva, Switzerland. You can virtually do just that when you shop or sell goods at an online auction site. You know those global auction Web sites, the ones that allow you to bid on thousands of items against millions of other competitors. Sure, they allow you to expand your world and uncover cool knickknacks from around the world. But these very same sites also open the door to you getting ripped off by someone four thousand miles away. More than 8 billion dollars were spent on auction sites in the last three months of last year, but how many dollars were lost along the way?

Aside from these global auction sites, there are the LOCAL classified sites that are transforming the Web into the spot for neighborhood shopping. These local classified sites offer convenience, selection, and low prices that would expect to find online, along with the safety and privacy of local shopping. Best of all, you can feel good about buying fromand also selling toyour neighbors.

Wheel and deal on collectibles, vintage clothing, sporting goods, even real estateall with people you know and trust in the comfort and privacy of your living room or study. The benefits of these local classified sites don’t stop with these intangibles. They have concrete advantages, such as:

Spontaneous delivery.
Package deliver in your neighborhood may not be instantaneous, but you definitely won’t have to wait two to six weeks if you buy something locally.

What shipping?
You can agree to drop off or pick up the sale item at one of your homes, or meet at a convenient middle-of-the-road spot. You also won’t need to worry about finding those shipping peanuts under your couch, your sheets, and in your fridge two months later.

No frazzle.
Tracking codes are supposed to help you locate your packages in transit, but sometimes they can be more of a headacheespecially when they don’t help find your lost package.

A friendly face.
Local classified sites let you meet the person whom you’re doing business with. Of course, you control if, when, and where this happens.

The test drive.
Whether you’re dealing with a car, a mattress, or a tennis racket, you can actually touch and try out your item before you put down cold hard cash. For sellers with product as promised, that makes closing the deal that much easier.

Simple switcheroos.
Local shopping opens up the possibility of refunds and exchanges if you and the person you’re doing business agree.

More ample assortment than auctions.
Imagine buying a refrigerator or a couch at an auction site. Then imagine receiving that package at your door! Not very realistic, right? These sorts of purchases and sales, though, become a definite possibility with local online classifieds.

No tax tests.
You open a can of worms buying and selling across national and international borders when it comes to taxes. Who owes what? And whom? Local commerce simplifies the whole issue, if taxes are applicable at all.

A step ahead of scams.
Knowing whom you do business with, face-to-face transactions, simpler lines of communicationthese qualities of local classified sites all reduce your risk of getting with shysters and scam artists.

A stronger community.
Shopping around your hometown not only gives you a warm, cuddly sense of community. It also provides the practical economic support that keeps communities and businesses vibrant and healthy.

So there you have it. There are no losers when it comes to online classified sites that allow you to do your shopping locally. Buyers and sellers enjoy an old-fashioned sense of community, while enjoying the high-tech benefits of convenience, safety, and comfort that come with Web shopping. Let those auction risk takers have their Oaxaca, London, and Geneva. You’ve got your Houston, Texas

Donald Lee is the public relations manager for Buysellcommunity.com. Buysellcommunity provides free classified listing services for individuals and businesses to market their products and services online. Please visit

www.buysellcommunity.com - Free Buy & Sell Classifieds

Do you have trouble sometimes understanding when people talk about eBay? Don’t worry, some of the jargon is really obscure, and you can’t be expected to understand it until someone’s told you what it means. Here’s a little list of some of the most useful lingo to know, but you don’t need to memorise it - even the most common jargon is only used relatively rarely.

Words.

Bid: telling eBay’s system the maximum price you are prepared to pay for an item.

Dutch: an auction where more than one of an item is available.

Feedback: positive or negative comments left about other users on eBay.

Mint: in perfect condition.

Non-paying bidder: a bidder who wins an auction but does not then go on to buy the item.

PayPal: an electronic payment method accepted by most sellers.

Rare: used and abused on eBay, now entirely meaningless.

Reserve: the minimum price the seller will accept for the item.

Shill bid: a fake bid placed by a seller trying to drive up their auction’s price.

Snail Mail: the post, which is obviously very slow compared to email.

Sniping: bidding at the last second to win the item before anyone else can outbid you.

Abbreviations.

AUD: Australian Dollar. Currency.

BIN: Buy it Now. A fixed price auction.

BNWT: Brand New With Tags. An item that has never been used and still has its original tags.

BW: Black and White. Used for films, photos etc.

CONUS: Continental United States. Generally used by sellers who don’t want to post things to Alaska or Hawaii.

EUR: Euro. Currency.

FC: First Class. Type of postage.

GBP: Great British Pounds. Currency.

HTF: Hard To Find. Not quite as abused as ‘rare’, but getting there.

NIB: New in Box. Never opened, still in its original box.

NR: No Reserve. An item where the seller has not set a reserve price.

OB: Original Box. An item that has its original box (but might have been opened).

PM: Priority Mail.

PP: Parcel Post.

SH: Shipping and Handling. The fees the buyer will pay you for postage.

USD: United States Dollars. Currency.

VGC: Very Good Condition. Not mint, but close.

The chances are that you’ll find more specific jargon related to whatever you’re selling, but it’d be an impossible task to cover it all here. If you can’t figure one out from your knowledge of the subject, then type the term into a search engine, followed by the word ‘ebay’. The chances are that someone, somewhere will have seen fit to explain it.

While it’s good to be able to understand others’ jargon, avoid using it unless you really need to (for example, if you run out of space in an item’s title). Many people on eBay are not experienced buyers and you will lose them if you write a load of gobbledegook all over your auction.

By now, you’re well prepared for eBay life, and you’re probably ready to get started with that first auction. In the next email, we’ll show you how to dive in and get started.

Kirsten Hawkins is an Ebay and internet auction enthusiast from Nashville, TN. Visit www.auctionseller411.com/ for more great tips on how to make the most from Ebay and other online auctions.

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