How Much Money Can One Make On EBay

EBay is the world’s largest auction site. It has been created almost 13 years ago in 1995 single handedly by a man named Pierre Omidyar. Within 2 years i.e. in the year 1997, EBay saw its 1 millionth sale. Unimaginable right? Well very few online marketplaces have actually seen such incredible success rate. Even when the dotcom boom ended abruptly during 1998-1999, unlike many other dotcom companies which went up in smoke overnight, EBay stood firm.

It can be imagined that this tremendous platform can be leveraged well enough. And there are many people all over the world who uses this platform to rake unnatural amounts of profit each and every month. For many of them this is a full time business. To have an idea of the income potential we can just look at the different levels of Power sellers of EBay. The following are the levels:

Ordinary PowerSeller: Should make at least $1,000/month in sales.

Silver PowerSeller: Should make at least $3,000/month

Gold PowerSeller: Should make at least $10,000/month

Platinum PowerSeller: Should make at least $25,000/month

Titanium PowerSeller: Should make at least $1,50,000/month in sales.

These rankings do not just exist but are given to real people. There are lots of people who have got these rankings and many of them are ordinary people and not million dollar companies. These alone give a fairly good idea about what can be achieved with EBay.

One of the greatest advantage of EBay is that one can start selling from anywhere in the world but the potential customer base can be world wide. It is not that someone has to be rich or an established businessman to start selling in EBay. Many established PowerSellers of EBay might have started out by selling off unwanted materials from their house or garage. And this is another advantage. One can always find customers in EBay to buy the products they have to offer, no matter what that thing is.

But knowing how to make money on EBay is an important requirement. The most prevalent way to make money on EBay is to sell goods at a price less than the retail price in real world shops but higher than the wholesale price. Here the seller buys a stock of items in wholesale price and sells them in EBay at a lower price than retail price. This is actually possible without affecting the profit margin because once the seller gets the stock he is almost ready to sell. Neither does he need a fancy shop nor does he need to hire staff.

An EBay business if properly managed can bring in much more profit than a real world business because it drastically reduces the overhead costs. In other words the income and profit potentials are virtually limitless.