eBay Talk

It is imperative to know your market. In order to do that, you need researches(and I mean more than one research). Perform a quick search using the Advanced Search function available for eBay users(normally on the top right-hand corner of every eBay page) to look for completed auctions. This function provided by eBay is totally free and relatively painless process. Key in the name of your item, for example, you are planning to research on Sony Ericsson Z610i mobile phone, instead of keying in “mobile phone” or “Sony Ericsson”, why not key in "Sony Ericsson Z610i"? This lets eBay search engine narrow down the results to a specific model of Sony Ericsson’s.

When you get the results page, click on Completed Items(under the display heading) and sort the results by Highest-Priced. Ignore the listings that never received bids, those are failures. Scrutinize the most successful sales and see what the starting price and selling price were, at what price range the item was normally sold, in which category the item was listed, as well as find out how the sellers have described and promoted their items so that you can learn from them and apply it to your listings, but DO NOT copy and paste, make sure you write your own description, because buyers tend to look for a listing with an unique and different description.

Research is a challenging task, but it is definitely imperative. Not only a research helps you in setting an attractive price, it also gives you a better idea of which category suits your item more.