How to analyze the market and determine the price of the product

Etsy, eBay, Amazon
July 27, 2023
7 Minutes

Content

Important

To accurately determine the price of an item for eBay or another marketplace, it is not enough to just look at similar listings in the search results. It is important to analyze sold items, the average price range, competition in the niche, and the actual shipping costs.

This article provides a basic approach to market analysis: where to find analogs, how to look at sold lots on eBay, how to evaluate the sale price, and why sometimes it doesn’t make sense to list an item due to high commissions and shipping costs.

Who is this article for

  • For sellers who want to understand whether there is a point in listing their product on eBay or Etsy.
  • For those who do not know how to correctly assess the market price of a product before launching.
  • For handmade, antique, vintage, ceramic, decor, and other products with unstable market prices.
  • For those who want to understand how to analyze sold lots, how to work with keywords, and how not to make mistakes due to fees and expensive shipping.

Essence

The correct price of a product is determined not by beautiful foreign listings, but by actual sales. That is why the main source for analysis is sold lots, not just search results.

Even if a product is sold at a good price, it does not necessarily mean it is profitable for you. You need to consider shipping, marketplace commissions, and actual margin separately; otherwise, the sale could turn out to be unprofitable.

What to check before listing a product on eBay or Etsy

Criterion What to look for Common mistake Correct conclusion
Price in search results Minimum, maximum, and average range Focusing only on the highest prices Use the average market level as a basis
Sold listings Actual sales through Sold Items Looking only at active listings Evaluate the actual selling price
Keywords How accurately the query describes the product Searching too broadly or with only one phrase Refine the query by author, year, type, style
Shipping The portion of shipping in the final price Not accounting for what the buyer sees as the full price Evaluate the product together with shipping
Fees and expenses Profit margin after all costs Calculating only the gross sale price Sell only what provides a real profit

Market Analysis Checklist Before Launching a Product

  1. Find the product in English on the desired marketplace.
  2. Check the active listings and determine the overall price range.
  3. Enable the Sold Items filter and verify actual sales.
  4. Review not just one, but several similar listings to understand the minimum and maximum prices.
  5. If the product is not found, clarify the search query by author, year, or other words.
  6. Calculate separately the shipping and marketplace commissions.
  7. Check if there is still profit after all expenses.

How to independently search for a product on eBay?

eBay is an international trading platform, so for searching on the site, you need to use English.
If necessary, you can use an online Google translator to translate the name of your product.

‍To work with this platform, you need to enter the address in the browser’s address bar: https://www.ebay.com and enter key words in the search field, for example “ukrainian ceramic”, then click the “Search” button.

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In the search results, we see only items that are listed for sale, seller offers. For a realistic understanding of the products with demand on eBay, it’s better to search among completed listings, specifically among sold items. This allows us to see at what price those items are actually being sold.

To do this, under the bright eBay logo on the left, scroll down to the very bottom, past various search detail options, and select “Sold Items” in the filter.

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Thus, the page will automatically display only sold lots, and you will see the price at which they were sold. The price of sold lots is displayed in green color.

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Expert opinion

The main mistake in market analysis is looking not at sales, but at others’ expectations. The actual price of the product is shown only by sold lots, and the real profit is determined solely by calculating delivery, commissions, and final margin.

Editorial summary based on Western Bid article

Frequently Asked Questions

Where to start with market analysis before selling a product abroad?

It is worth starting with a comparison of prices on marketplaces where your product can potentially be sold. The article directly mentions eBay, Etsy for handmade, Violity for antiques, as well as Google and Instagram as additional reference sources.

Because active listings only show the sellers’ intent, not the actual readiness of the buyer to pay. For an accurate assessment, you need to look at sold lots, as only they show the actual sale price.

It is necessary to search for the product in English and then enable the Sold Items filter. The article separately explains that this filter shows sold lots, and their price on eBay is displayed in green.

Refine your query. The text explicitly recommends adding the author, year of publication, or other similar keywords, as well as browsing through several pages of results if the niche is narrow or the product is non-standard.

No. The article explicitly warns that you shouldn’t expect that abroad the product automatically costs more. Often in sold eBay lots, the price can be the same or even lower than in the seller’s country.

If, after analyzing sales, delivery, and commissions, it turns out that expenses may be higher than revenue, such niche or specific product does not make sense to launch. This is the conclusion suggested by the final part of the article.

On eBay, you need to search in English. This is explicitly stated in the section “How to Search for an Item on eBay Yourself?”, which also recommends using an online translator if necessary.

What to do next

Start with one product: find its analogs on eBay, check sold listings, calculate shipping and commissions, and only after that make a decision to launch. This approach reduces the risk of unprofitable sales and pricing mistakes.

Get a consultation or browse other blog articles.

Олександр
Радіч
- Спеціаліст по створенню і просуванню магазинів на Shopify, спеціаліст з впровадження систем автоматизації бізнес-процесів для електронної комерції. Представник Western Bid в Україні.
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✓ For sellers who want to understand whether it makes sense to list a product on eBay or Etsy.

✓ For those who don't know how to properly assess the market price of a product before launch.

✓ For sellers of handmade, antique, vintage, ceramics, decor, and other products with unstable market prices.

✓ For those who want to understand how to analyze sold lots, how to work with keywords, and how to avoid mistakes due to commissions and expensive delivery.

Learn about the 5 main barriers — based on 25 years of Western Bid’s experience in working with international e-commerce.



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