Here are the key points to remember:
- If you’re selling more than $1,000 per month, you may be eligible for eBay’s PowerSeller program.
- To turn your eBay hobby into a money-making profession, you need to start with some detailed business and financial planning.
- Most power sellers specialize in a specific type of itemand buy it in bulk.
- Successful eBay businesses keep detailed records and perform regular analyses of their auction activities.
- The more auctions you list, the more value you’ll get from third-party auction management sites and services.
- Opening an eBay Store is a good way to sell various fixed-price merchandise through the eBay system.
- When you start making a living from your eBay auctions, be sure to engage the services of a qualified accountantto manage your tax liabilities, if nothing else.