Just this morning I got an email from eBay letting me know that one of my eBay accounts has achieved “Gold PowerSeller” status on eBay.
Now don’t get me wrong here…it’s taken work to get that account to this point, but the label of “Gold PowerSeller” says nothing about my profitability, business stability, the long term prospects for continued growth or profits, my ability to create multiple streams of automated income, or even my business instincts.
All it really means is that I’ve paid my eBay fees on a lot of transactions.
More simply stated…even a total business fool could achieve Gold Powerseller status and not have a dime to show for it.
What’s the point? Where’s the big lesson?
I’ll keep it simple.
Nearly all eBay success training will guide you toward being a “PowerSeller”, but that’s a meaningless goal.
Your aim should be to create multiple automated income streams and lifelong customers. That’s what the training at MySilentTeam.com will help you accomplish.
To hear further thoughts on this topic use the play button below…
(This recording is enhanced with various background noises from the busy Cockrum family household)
(Please leave your comment – click the comment button below.)
Congratulations on your latest achievement Jim! Receiving badge of recognition for work well done is a great motivational force to continue on. Most of these recognitions do not necessarily translate to monetary benefits, yet they are important to our wellbeing. I myself am happy to know that our leader is one of the greatest in the internet industry. Enjoy your laurels, and keep up the great work!
Nona
True that Jim! Not only does gold status (or super high feedback) not always equate to a profitable and sustainable business on eBay, it doesn’t insure viability as an online business in general. We all know the ol’ saying, don’t put all your eggs in one basket. eBay is a big basket and if you really want to build a diverse, profitable and sustainable home business online, then you have to build multiple streams of income. That being said, one also needs to focus on the task at hand, one step at a time. A stumbling block that I, and I am sure many others have hit is taking on too much at once and just not getting enough complete. Build your business online, one stream at a time.
Cheers!
Jeromy (AKA Hillbilly)
http://twitter.com/JeromyS
Congratulations Jim. You worked hard to get to that status – and you have a fantastic book (I only have one) I did start ebay store preparations sometime ago then quit – fees etc. Thank you for your newsletters – always such good information. I do not have the multiple streams of income – at present working on my own book/e-book then I can decide which route to follow.
It’s very small in size, written in easy language but understood completely.
Jim, I passed this on to a newbie who will really appreciate what youve said.
The only reason you don’t get more comments is its difficult to figure out how to leave it.
Also, I would also try telling people you have enough people on your list so DON”T share this with anyone, unless you really like them. (little reverse psyche)
I’m definately going to be following you a lot more and taking advantage of your wisdom.
Thanks
Hi Jim,
Great info as usual. I am begining to totally dislike eBay . What do you think of http://Bonanzle.com I think they are going to be the future… eBay is pissing off a lot of Sellers.
-They refuse to be Mac friendly.
-They are holding seller’s money on transactions for 21 days which is illegal.
-Power Sellers are refusing to give feedback even if they get paid instantly until you give them positive feedback.
-Tons of sellers are moving to bonanzle where there is a true community that stays directly in touch with each other .
-You have options of Paypal or Google for payment.
Maybe you should write a new book about Bonanzle and the positive experiences there.
Mary
Jim, I am a senior newbie, I want to get started in internet marketing. No one has gone in the direction you mentioned in your newsletter. I thought you would probably need a fancy website; but what you said makes prefect sense. I am going to re-think what I should do. I have never thought of building a list. Mary j,
hi jim
first , my appreciation because of your kindly,helpful,clear,positive,friendly,solid,
anxiety,trains contacts,persuade,influence,
teaching, behaviors . i am living on ASIA and 30 years away from internet and english language , but on my uncertainty world ,you give earn me clear prospects about online marketing , i am happy to be your member team , and like to do some good thing on your benefits. i did not start my desireble job , but know what can i do ,thanks ,sam