Quiz: Can you make money on eBay?

22 PLAYS

By: Staff

4 Min Quiz

Image: refer to hsw

About This Quiz

You've heard stories about people making a killing on eBay, but do you have what it takes to get an eBay business off the ground? Find out with our quiz.

When did eBay get its start?

A broken laser pointer was the first item sold on the site in 1995.

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Who was the founder of eBay?

Pierre Omidyar founded eBay, which stands for Echo Bay; another company had already taken the name.

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How many active users does eBay have?

The online marketplace has attracted 97 million users around the globe.

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What is the average dollar volume of sales per second?

eBay sells more than $2,000 in sales per second. The total value of goods sold in 2010 was $62 billion.

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In spite of a weak economy, how much did online retail sales increase in 2010?

That 13 percent jump shows that shoppers are drawn to the web for convenience and price comparison.

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Which of the following items can you NOT buy on ebay?

Pets and wildlife can't be sold on eBay.

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The auction format works best if:

Bidders will raise the price to win a popular item.

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A "buy it now" price is used in:

Instead of having would-be buyers battle it out, the seller sets a price that will be accepted immediately.

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What is a reserve price?

The reserve helps protect the seller maintain favorable pricing.

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What information should be included in the title?

Include keywords that a buyer would enter into the search engine.

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What is an easy way to appeal to buyers?

Effective pricing can incorporate the cost of shipping.

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eBay Buyer Protection does NOT cover:

No need to worry about buyers' remorse anyway: Purchases are covered up to 45 days.

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What is the minimum number of transactions required to become a PowerSeller?

Bronze is the first tier level, attained after making 100 transactions in one year.

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Which of the following is NOT a benefit of becoming a Titanium PowerSeller?

Top tier sellers may enjoy access to premier account services and benefits, but a retirement plan is a bridge too far.

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What is a DSR?

Sellers are rated on item descriptions, communication, shipping time, and shipping & handling charges.

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Which of the following is NOT a PowerSeller tier level?

There are five levels determined by sales levels or number of transactions.

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What annual sales are required to become a Titanium seller?

This top tier requires $1.8 million in sales or 180,000 transactions.

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Phone support is offered to PowerSellers during this time period:

eBay representatives will answer specific questions fron 6 a.m. until 10 p.m.

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What can sellers add to their listings for a small fee?

A picture is worth a thousand words.

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What are Top-rated seller designations based on?

Top-rated sellers must have 100 transactions and high DSR ratings.

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