Pricing your items with quick research. This is easy to do. But be warned. Don't get too involved in a lot of research or you will be stuck in analysis paralysis. Let's go to ebay.com on your computer or mobile device in the search bar at the top, fill in what you want to look up. Let's try another common household item.
A baseball hat. The one we will try and find has the coke logo on the front and it's red and a snapback. Let's type in coke Red Hat snap back. After scrolling. I see a picture of exactly the hat we have that sellers asking 1799 on sale from 1999 with an additional cost for shipping of 395. I see other hats ranging From 10 to 25 on average, we know that our hat is lightweight 2.2 ounces on my scale, so the shipping costs will not be high.
The total time for research is about three to four minutes. Not bad. Now we have a good idea of the current prices of Coca Cola hats on eBay. Let's research another item quickly. I want to sell a measuring glass called mix and measure. Let's see what we find.
Type in mix and measure glass. Many results come up. Now let's go over to the advanced search area to the right of the search bar and click on sold. We can see similar items have sold in the nine to $15 range with free shipping for our comparison. So I like to go a bit higher and then have some room for putting things on sale. In this case, I would try to sell it for 1499 with free shipping.
Our item weighs 15 ounces. So with packaging, it'll be between one and two pounds. Shipping and a flat rate envelope with good protection will be our best bet. I will demonstrate that way of shipping in a later lecture. Let's try and research another item. It's good to check the active listings and compare with the completed and sold item listings.
One is the dream price or asking price. The other is the actual sales price for recently sold listings. It gives one a good perspective. Here's a collectible that I want to sell a vintage princess telephone from at&t. Here's another word that describes the phone trim line. The color I have is the fuchsia model.
And I see that one recently sold for 3899 plus 1440 shipping. Another similar to ours was described as mob and sold for $14. So we have arranged to play with. Another piece of info to gather is if it's sold by a buy it now fixed price or an auction. Here's a trim line phone like ours but in blue that had nine bitters, we can click and find out what the starting price was for the auction. 899 Okay, if we want to start that low, we may sell for a bit higher, or we can price high and add make an offer.
That may be the way to go. When you do the research, you're gathering some quick prices. On what is currently offered, and what others like it have sold for. As they say your results may vary. It's okay to do a little research as long as you don't get stuck in analysis paralysis.