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EBay Comps are VITAL for EBay Sellers
In this THREAD you’ll learn
What are Comps
Why you NEED them
How to PULL them
Comps are current & completed EBay listings of the SAME PRODUCT you wish to flip
Comps allow us to assess the Profit & likelihood of Selling Our Item
In this THREAD you’ll learn
What are CompsWhy you NEED themHow to PULL themComps are current & completed EBay listings of the SAME PRODUCT you wish to flip
Comps allow us to assess the Profit & likelihood of Selling Our Item
Comps Tell Us
1. The Selling History of Completed Listings - Sale Price & Sale Date
2. The Average Asking Price of Current Listings
3. How Many Current Listings - Product Saturation
Let’s take a closer look at each of these
1. The Selling History of Completed Listings - Sale Price & Sale Date
2. The Average Asking Price of Current Listings
3. How Many Current Listings - Product Saturation
Let’s take a closer look at each of these
SOLD Item History View Completed listings on the EBay App
Determine the AVERAGE selling price of RECENTLY SOLD items
Now crunch the numbers
-Average Selling price
-Minus 10% EBay Final Fee
-Minus 3% Pay Pal Fee
-Minus Shipping Cost
-Minus Item Cost
= Estimated Profit
Let’s assume the Item is Profitable & worth Flipping
Next Step
Check Current Listings
How are other sellers pricing this item?
-Are they priced at market value?
-Are some listings low?
-Are there A LOT of listings?
-Too much competition?
Now Make Your Final Assessment
Next Step
Check Current ListingsHow are other sellers pricing this item?
-Are they priced at market value?
-Are some listings low?
-Are there A LOT of listings?
-Too much competition?
Now Make Your Final Assessment
Here’s How You Check Comps using the EBay App
Read Instructions & View the Attached Pictures
Step 1 - Launch the EBay App then locate and tap the Camera Icon on the top right side of the Search Bar
Read Instructions & View the Attached Pictures
Step 1 - Launch the EBay App then locate and tap the Camera Icon on the top right side of the Search Bar
Step 2 - With phone camera launched locate the barcode on product packaging. Scan barcode by pointing the camera at it.
(Note, if there is no barcode or if scan doesn’t work, manually input the product name & style number if available into the search bar)
(Note, if there is no barcode or if scan doesn’t work, manually input the product name & style number if available into the search bar)
Step 3 - The scan will pull up the page with all the current listings for your item.
Locate the “Filter” button on the upper right side of the Search Bar and tap the Filter button
Locate the “Filter” button on the upper right side of the Search Bar and tap the Filter button
Step 4 - The Filter button will launch the Filter Window.
Scroll down to find the SOLD Items button
Scroll down to find the SOLD Items button
Step 5 - Find “Sold Items” and toggle it on so it turns blue.
Then click on the page behind the filter window.
Then click on the page behind the filter window.
Step 6 - The page with the Sold Items and dates is now up.
Notice the sale price, sale date and if the shipping was free to the customer.
Here you’ll scroll down checking the sale prices of recent listings to determine the average sale price
Notice the sale price, sale date and if the shipping was free to the customer.
Here you’ll scroll down checking the sale prices of recent listings to determine the average sale price
Step 7 - If you determine that the product seems profitable enough by crunching the numbers
Go back to the filter button and slide the SOLD button off so that the current listings come back up.
Once the current listings are up evaluate the current listing prices & competition
Go back to the filter button and slide the SOLD button off so that the current listings come back up.
Once the current listings are up evaluate the current listing prices & competition
That’s it. I really hope you find this helpful.
I would greatly appreciate likes and comments and ESPECIALLY comment retweets from the top of the post
Thanks so much for checking this out!
More to come!
I would greatly appreciate likes and comments and ESPECIALLY comment retweets from the top of the post
Thanks so much for checking this out!
More to come!
