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Last Post Aug 4, 2006 12:01 PM by: nino@ebay.com
Replies: 29
deirdre@ebay.com
Posts: 3,846

Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Jul 28, 2006 11:36 AM
Topic: Member Workshop: Sell Smarter - Want to know the Secret to Success on eBay? – Research your Competition to find out!

Host: terapeak
Date: Friday 08/04
Time: 11:00 – 12:00 PT
Location: Workshop Board

Description: Have you ever wondered what successful seller’s are doing to make the big bucks? Well now you can! With Terapeak Research you can research any eBay seller and know what, where, when and how they are selling. You can also research yourself, and learn what works for your selling and what doesn’t.

Terapeak Research can tell you a seller’s;

  • Total: Sales, Bids, & Listings
  • All their Listings in the Last 90 Days
  • Bids/Listing & Seller/Day
  • Overall Success Rate
  • Pricing Choices
  • Listing Promotions/Type Used & their Success Rates
  • Timing Strategy Used and its Success Rate
  • and more

Terapeak marketing team Sarah Taheri, Dave Frey, and Morgan Brooks will use this workshop to illustrate how market research can be used to research yourself and your competition. Knowing what successful eBayer’s are doing can guide you in the right direction for your selling, and ultimately increase your sales and sell-through rate!

Cheers,

Deirdre
eBay Community Development
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nino@ebay.com
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:03 AM
Welcome 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.

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Cheers,

Nino
eBay Community Development
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:04 AM
Hello Everyone!



Welcome to our workshop, “The Secrets to Success on eBay – Researching your Competition!” an information session to teach eBayer’s how they can use Terapeak Research to discover what their competition does to make the big bucks!



Terapeak marketing team, Sara Taheri, Dave Frey, and Morgan Brooks 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. Stay tuned until the end to take advantge of a free 14 day trial of Terapeak.



When you sell on eBay, sometimes you know what you are doing and other times I’m sure you wish you had some trustworthy advice. Well, using Terapeak Research, you can know what successful eBayer’s are doing. This can guide you in the right direction for your selling, and ultimately increase your sales and sell-through rate!



Today we will go through all the ways Seller Research can be used to improve your sales, including;



    Profitability Analysis




    Pricing Determination




    Listing Feature Selection




    Timing




    Closed Listing Analysis




    Researching Yourself

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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:07 AM
hi everyone,
we are very excited about Seller Research and we look forward to your inputs during this workshop.
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:07 AM
<span style='font-family: magneto'>Getting Started</span>  



For this workshop we are going to show you how an eBay seller can use Market Research to sell better and make more money.



To get our point across we are going to have a fictional seller named “John” and he wants to sell iPod’s on eBay. We are also going to have a fictional seller named “the_ipod_king”, who already sells iPods on eBay.



and so the story begins...



To start his selling process John decided to use Market Research to find out how he should go about selling iPod’s.



He researched a well known seller “the_ipod_king” and was given the following table:





For the remainder of the workshop we will go through all the information in this report, and show you how John will use it to sell his iPods on eBay.




Learning
Objective



Market Research can be used to research the selling strategy of other sellers. Doing this will give you an inside look into what it takes to sell like the pros. John has recently started selling iPod's and he wants some guidance, that is why he is using Market Research.

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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:11 AM
Hi everyone,

Be sure to ask any questions that you have!

Terapeak
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hborrom
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:13 AM
Hello, good morning to you in the West coast!
Can you only resaerch an individual seller or Tearpeak has the ability to search within a category or so?
Also, how to find a seller that ONLY sells iPods (for this example)?
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:17 AM
Summary of Seller  

The first thing John should look at is the summary of the seller, as displayed below;



What we see is good news for John! It appears selling iPod’s is quite profitable, “the_ipod_king” made $239,037 in one month.


We can also see that the sell-through rate is 100% - This is not common and is very good news. This means that all of the auctions this seller listed actually sold – iPod’s are obviously doing very well.

This seller had to list 1,727 listings, so if John wants to bring in $239,037, he will have to sell around that many iPods.

Learning
Objective


The summary of a seller’s report is useful for determining if that type of business is profitable and worth making an investment. You can look at the sell-through rate to see if most auctions end in a sale. You can also look at the amount of auctions that seller had to list in order to make his/her profit, giving you an estiamte of inventory requirements.

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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:18 AM
Dear hborrom,
Good morning to you too.
With Terapeak, you can see the sales report for all the seller's sales or you can specify eg. iPod in the keyword section and serch for the seller then.
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:20 AM
Pricing  

The next thing we will look at is how the_ipod_king priced his items. We can see that he usually starts with $.99 and if the item sells, it usually goes for $250



When looking at this John can choose to follow the_ipod_king or do it differently to compete with him. Maybe he will want to start with $.01, to stand out in the iPod auctions.

Learning Objective



Researching other sellers can give you an inside look into how the business works for selling your items. The selling process of every item is unique and it’s important to research the ‘How to’s’ before you get started, that way you will make less mistakes. When looking at pricing you can see what seller’s tend to start with, end with…etc. This will allow you to follow them or differentiate yourself.

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medsupplygroup
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:24 AM
Could you explain a little about closed listing ananysis? I already know the categories I will sell in, I just would like to know who is selling what items for what, to find niches that I'm not in now, but are profitable (like everyone else, I guess...).
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stevelco
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:24 AM
Hi. I really like terapeak, but I am having trouble researching sellers who's ebay user id is all numerals. The terapeak search returns the message, "Sorry, we could not find any listings for the parameters you selected." Is there a way to search on such sellers?

Steve
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certifiedprovider@ebay.com
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:25 AM
Hi everyone,

Does anyone have any questions for Terapeak?

Laura
Developers Program


Laura
Certified Provider Program
eBay
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:25 AM
Listing Features  

The next thing we are going to look at is the listing features that the_ipod_king used.


As you can see he used a mixture of Gallery, Highlight, Scheduled, Featured Plus!, and Buy it Now. He always uses Gallery and uses the others occasionally. He probably uses the other 4 on special auctions that deserve extra attention.

John can use this information to build his iPod auctions. Now he knows what type of features work for selling iPods. He should definitely listen to this seller as he has a 100% success rate!



We should also consider the fact that most of his listings are Bid Auctions, something John will want to note when he is listing.

Learning Objective

After looking at the features report for the_ipod_king we can see that he makes a lot of money by always using gallery and 4 other features sparingly, for special items. We also see that he lists all of his items in auctions. This strategy may be something John will want to try when he lists his iPod’s.
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terapeak
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Sell Smarter - Want to know the Secret to Success on eBay? - August 4

Aug 4, 2006 11:29 AM
Hi Stevelco,

To search sellers, go to advanced search and enter in the sellers id. You should be able to search any seller id on eBay. I will have the tech team look into your question. Please send more details to support@terapeak.com.

Thanks.
Terapeak
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