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Can eBay Make You Rich?
adamlazz writes "For 11 years, eBay has been a great resource to buy or sell goods without leaving your computer. And with many stories of people getting rich exclusively from doing business on eBay, NewsFactor has decided to go in depth with these stories, and explore what it takes to really make your million on eBay. From the article: 'A tiered system designed to reward qualified sellers, the PowerSeller program is by invitation only, and has a number of criteria that must be maintained to keep the designation. At the lowest level, Bronze, a PowerSeller must average at least $1,000 in sales per month for three consecutive months; have an account in good standing; and get an overall feedback rating of 100, with at least 98 percent of the comments marked as positive.'"
Two words:
Yahoo! Auctions.
Yahoo! does not charge ANYTHING to list, sell or buy. When enough people start switching to Yahoo! auctions, it will put eBay out of business. Yahoo! ought to actually start a new site, use the same software to run it, and advertise it on television the way eBay does with their site. eBay also actually has a contest with the US Postal Service - there are actually ads in the Post Office to get people to enter an eBay contest.
Add to that the fact that PayPal (owned by eBay) charges you a fee on the TOTAL price (including shipping & handling) - you end up paying eBay TWICE.
It's time to stop paying eBay and start using services that actually make sense for the seller.
Hopefully Yahoo! will purchase StormPay or any of the other online payment services, keep the fees low there and take down the eBay behemoth.