Step 5: Build a Brand on eBay On eBay

Build a Brand on eBay On eBay, sellers are offered a number of tools to help establish their brand identities, including:

* ABOUT ME: A free page that enables you to describe your business and any relevant information that would make buyers feel more comfortable buying from you.

* EBAY STORES: A virtual storefront that puts all of your current auctions together in one place, so buyers can see everything you're selling at a glance. You'll pay a monthly fee based on the level of store services you want, plus additional fees for items listed and sold.

* CUSTOMIZING TOOLS; A number of features (accessible from your "My eBay" page) that enable you to make your pages stand out from others offering similar merchandise.

Like any marketplace, eBay is constantly changing. "A lot of people get set in a comfort zone, especially if they have an initial rush of success," says Griff. "If you get to the point that you really feel comfortable you know what you're doing on eBay, I guarantee you there's a brick flying at the side of your head at 80 miles an hour that you're not seeing because you're not looking in that direction."

You can expect pricing and demand on eBay to change over time. As more and more people start operating on eBay, competition will increase and prices may decline slightly. Still, keep in mind that eBay has reached only a small fraction of its potential worldwide market. And it will continue to grow even faster as internet access becomes more readily available worldwide. "EBay is the leader in internet auctions," says Morphy. "It has such a strong hold on the market and such a huge following, you can't beat it."

ONLINE EXCLUSIVE: For more information on starting a business on eBay, log on to our eBay Business Center at www.entrepreneur.com/ebay. If you're new to doing business online, we've got you covered. Check out our free downloadable PDF, "The Entrepreneur's Guide to Doing Business Online" by Rieva Lesonsky, at www. entrepreneur.com/ebay/paypalguide. It discusses marketing, customer service, shipping charges, payment methods, helpful resources and more.