RESEARCHING COMPEITIVE PRICES ON SAME GOODS

STARTED TO  USE THE RESEARCH TOOL THIS WEEK TO SEE IF I WAS OVER PRICING MY ITEMS SINCE SALES WHERE SO SLOW 

EACH TIME I USE THE RESEARCH FOR PRICE COMPARE- BUTTON IT ONLY SHOWS ME MY OWN LISTINGS  I MUST BE DOING SOMETHING WRONG ANY HELP ?????

THANKS 

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

Make sure you have ebay.ca selected in Terapeak as the listing site since you're only selling in Canada, and don't be too specific in the search terms. When I searched for your 994053-0070A cartridges, I got a decent number of both solds and actives.

 

You aren't the only one with sales that have ground to a halt. I suspect the Amazon Prime days probably hasn't helped.

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

Actually, I just looked a little closer. I think all of those might actually be your listings lol.

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

Huh, I had another post that disappeared.  It looks like all or almost all of the Canadian listings are yours. You don't appear to be doing anything wrong. To verify, you can switch the listing site in Terapeak over to USA and you should see a bunch of results.

 

It's not just you experiencing a massive slowdown in sales atm.

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

byto253
Community Member

I have tried the price research tools and found they are not terribly helpful as they are just to rough.   To many condition and shipping variables.  As well as quality of listing done. 

 

I check sold listings of the same and very similar, looking at not just how many sold and for how much, but total price with shipping, number of sold compared to number listed and price range of what is listed for sale.  The number sold and completed but not sold used to be useful to get a feel for the sell through rate, but with never ending listings now that is not that helpful now.

 

I also read a sample of those sold to see why some are higher and lower, and where what I have varies.   I can do this pretty quickly now, and it gives me a good feel for a target price.

 

And if you sell to the US a lot, that is a factor as well since all things being equal people will buy from inside their own country first. 

 

 

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

My experience has been that Terapeak price/market research data is complete and utter nonsense. For example, I found multiple instances where Terrapeak's sales history repeatedly and consistently ignored multiple sale transactions made at much, much higher price points than the top of range as quoted by Terrapeak. How can I be certain of this you ask? Simple, it was my own sales history that was being ignored!

 

To be clear I'm not pointing to a few crazy over priced outliers here, these were sales that were priced at a level that consistently sold and sold well relative to that category. Furthermore, I know full well that many other sellers had been successfully selling similar products at prices 10 - 25 % higher than my own price points.

 

While it is completely reasonable in my view to disregard (ignore) both very low and very high outliers (completed sales) when calculating these price recommendations eBay (Terrapeak) takes this very much too far to the detriment of inexperienced sellers. Now, it could well be that their data shaping formula is not sophisticated, meaning the same formula ia applied to all categories of goods sold on the platform. If that is the case and I suspect it is, then it is unsurprising that the pricing tool in particular, and market research tools generally are largely useless for most categories.

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS


@kawartha-ephemera wrote:

My experience has been that Terapeak price/market research data is complete and utter nonsense. For example, I found multiple instances where Terrapeak's sales history repeatedly and consistently ignored multiple sale transactions made at much, much higher price points than the top of range as quoted by Terrapeak. How can I be certain of this you ask? Simple, it was my own sales history that was being ignored!

 

To be clear I'm not pointing to a few crazy over priced outliers here, these were sales that were priced at a level that consistently sold and sold well relative to that category. Furthermore, I know full well that many other sellers had been successfully selling similar products at prices 10 - 25 % higher than my own price points.

 

While it is completely reasonable in my view to disregard (ignore) both very low and very high outliers (completed sales) when calculating these price recommendations eBay (Terrapeak) takes this very much too far to the detriment of inexperienced sellers. Now, it could well be that their data shaping formula is not sophisticated, meaning the same formula ia applied to all categories of goods sold on the platform. If that is the case and I suspect it is, then it is unsurprising that the pricing tool in particular, and market research tools generally are largely useless for most categories.


Just attempted a general search for a 7 Pin Phone Splitter on eBay ca. Brought up an assortment of car bumpers. Same search on dot com and it displayed phone parts.  Then attempted exact same words on google and it brought up phone parts. Not sure what algorythm eBay uses to give this info but something is hinky in Denmark? No offence intended to Denmarkian's!!!

 

Similar to the marketing research tool, eBay search is and has been iffy(unreliable) at best!! If buyers are unable to find a sellers listing or are getting bad info sales will suffer and not because of ANYTHING the seller did!!!

 

-Lotz

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RESEARCHING COMPEITIVE PRICES ON SAME GOODS

byto253
Community Member

A few years back you could use wildcard * and really tailor a search, but then the algos took over.   

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