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Last Post Sep 4, 2007 11:59 AM by: maeve@ebay.com
Replies: 138
deirdre@ebay.com
Posts: 3,846

Member Workshop: Discover the Best Time to List - Sept 04

Aug 31, 2007 10:47 AM
Topic: Member Workshop: Increase your eBay Sales by Discovering the Best Time to List

Host: Terapeak
Date: Tuesday 09/04
Time: 11:00 a.m. to 12:00 a.m. Pacific time
Location: Workshop Board

Description: This month the Terapeak marketing team will be hosting a workshop to introduce some tools that you can use to find the best times to end your auctions. There are a variety of free and paid tools that eBay Sellers can use to find out how long to list an item, what time of the day or week to end an auction, or what times of year see big spikes in demand. We will even show you a few cool trends that illustrate the huge spikes in sales that occur over the upcoming holiday season! Join us as we review some great examples and stick around for the hour to answer any questions you may have about market research!

Cheers,

Deirdre
eBay Community Development
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nancys_virtual_boutique
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 10:59 AM
Interesting diedre... will be watching...
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 10:59 AM
Slide One


Greetings Everyone!

Welcome to our workshop, “Increase your eBay Sales – Know the Best Time to List.” The Terapeak marketing team, Sara and Denise, are here to answer any questions you may have. We like our workshops to be very interactive so feel free to jump into the discussion at any time. If you are unsure how a workshop is done, feel free to ask for help.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Two

Today we are discussing how you can use market research to find the best time to list your items and achieve maximum profits. This is an important topic because planning your auction listings can have a large impact on your sales. For example, selling school supplies too early could result in few bids and low sold prices, and selling too late could result in no sales. You also want to pick the best time of day and day of week that gives you high traffic and highest possible selling prices.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Three

In this workshop we will use analysis from Terapeak’s online market research tool to illustrate some simple things you can do with your auction listings to increase your success rate.

Today we will cover:

Best Time of Year to List

Best Time of Day to List

Best Time of Week to List
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Four

Best Time of Year to List

One of the big mistakes beginner sellers make is that they neglect to account for the time of year that their auction is listed. The fact is, the time at which your auction is listed will have a big impact on the number of people who see your auction, the number of people who bid on your auction, and thus, the price you get for your item.

To illustrate our point we will run through a few examples of how planning your auction properly is very important.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Five

Back to School

A huge shopping season is in effect as I write this - Back to School. A popular item during this time is Graphing Calculators; a yearly trend graph is shown below:




As you can see they sell best at the end of August and in January. This may seem like an obvious observation but we can look at it in more detail and know exactly when we should list to get the highest traffic, largest amount of bids and the highest price.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Six

This trend graph is for calculators as well, but it is broken down into intervals of 6 months. You can see that the best selling time is the fourth week of August. After that time sales begin to decline. From this you can see that you would want to begin listing around the third week of August, depending on how many calculators you have to sell.



Market Research can help you plan the perfect time of year to list your items on eBay.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Seven

Halloween

Another example we can look at is finding out the best time to begin listing Halloween costumes.



As you can see sales start to rise in late July and reach a peak just before the end of October, at which time they plummet. So if I was selling costumes, I would want to make sure my inventory was out there for those peak times, and cleared out before that big drop! You can see that the rest of the year is fairly steady for costumes.

Researching helps you get more out of seasonal sales patterns! If you were in the business of selling costumes you could use this data to plan your selling. You would know that you should start listing around the 3rd week of August, and try to have all your costumes sold by the 4th week of October. Terapeak research like this can be performed on the item of your choice.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:00 AM
Slide Eight

Best Time of Day to List

Another important part of selling on eBay is ending your auction at the right time of day. Every item is unique and each will have different demand throughout the day.



The example above is a graph showing the number of total listings vs. the number of successful listings for each hour of the day. The item is “Baby Stroller”. When we did this workshop last year, most sales occurred from 10am-12pm and the most successful time was at 10pm. Compare this to a recent graph of sales, and the times have changed. The majority of items are selling at 6-8 pm within the past 2 months. This is a good example of why it is important to keep up on trends, and do your research regularly.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:01 AM
Slide Nine

We can also look at what time of day has the highest average price.



With “Baby Strollers” it looks like 12-2 am fetches the highest prices- nearly 90 auctions end in the wee hours.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:01 AM
Slide Ten

Best Time of Week to List

The day you choose to end your listing is also very important. If you look at this example of “Rock and Republic Denim” you can see that demand fluctuates throughout the week. As you can see Friday has the highest Average Price, and the highest Sell Through %, while Thursday has the highest quantity of items selling. Depending on my sales strategy, I would want to factor this information into listing my new items.



It definitely pays to do some research to find the best time of the week to end your auction, that way you know when you will have the greatest success for your particular item.
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terapeak
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:02 AM
Well, that is the content of our workshop - if anyone attending has any questions about the material, or market research in general, we're here until 12 pst to answer your questions!

Welcome!

denise/Terapeak
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maeve@ebay.com
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:03 AM
Hello everyone and thanks for joining us today!

We love workshops to be interactive, so please feel free to ask your questions that directly relate to this topic.

Added note: If you click on the "Watch this discussion" link, you will receive an email each time someone posts to the workshop.

Stop Watching: If at any time you no longer want to receive updates on a thread you are watching, just click on the link titled "Stop Watching Thread" found in the specific thread being watched. Also you can remove any watched thread by clicking on the "Watched Discussions" link located in the log in bar and deleting the watched thread.

If you're new to the discussion boards, please be sure to check out the board tutorial:

Link

Maeve
Explore eBay Groups today
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somewearintime32
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Member Workshop: Discover the Best Time to List - Sept 04

Sep 4, 2007 11:06 AM
Where is this info available?
Sandy

SANDY~SOMEWEARINTIME32
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