Podcast
Questions and Answers
Which of these countries should not be considered when price checking according to the guidelines?
Which of these countries should not be considered when price checking according to the guidelines?
A seller with 0 items sold and 0 reviews should still be considered when price checking.
A seller with 0 items sold and 0 reviews should still be considered when price checking.
False
We do not highball, we _________.
We do not highball, we _________.
lowball
What does it mean if there are few search results when price checking?
What does it mean if there are few search results when price checking?
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Prices for items with accessories are typically identical to those without.
Prices for items with accessories are typically identical to those without.
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Price-checking only considers one listing to determine the market value.
Price-checking only considers one listing to determine the market value.
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Items with __________ demand require more profit when price checking.
Items with __________ demand require more profit when price checking.
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Price-checking involves determining the __________ value of a device.
Price-checking involves determining the __________ value of a device.
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Which listing statuses are considered during price-checking?
Which listing statuses are considered during price-checking?
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Devices sold outside the United States are considered for price-checking.
Devices sold outside the United States are considered for price-checking.
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It's critical to confirm if the seller is __________ before making an offer.
It's critical to confirm if the seller is __________ before making an offer.
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What is one reason for the caution needed during price-checking?
What is one reason for the caution needed during price-checking?
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What filters should be checked when price-checking?
What filters should be checked when price-checking?
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What is the exact model of this camera?
What is the exact model of this camera?
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Can you identify what is the exact model for this camera?
Can you identify what is the exact model for this camera?
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What is the Market Value or Price checked value of a Canon Powershot G7X Mark II?
What is the Market Value or Price checked value of a Canon Powershot G7X Mark II?
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What is the market value or price-checked value for this camera?
What is the market value or price-checked value for this camera?
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How do you price-check a defective device?
How do you price-check a defective device?
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We use eBay.ph when price checking.
We use eBay.ph when price checking.
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What is the market value or price-checked value of this lens?
What is the market value or price-checked value of this lens?
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Study Notes
Price-Checking for Market Value
- Price-checking determines a device's market value
- Offers are based on evaluated market value
- 50-60% for most products
- 40-50% for high-risk items (like film cameras, drones)
- Market value is the average price-checked value on eBay
- Not relying on just one listing; checking at least five "buy it now" listings with similar prices
- Examples given to illustrate the topic
How to Price-Check
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Step 1: Identify the device model from the listing (title, description, or images)
- Example: iPhone 16 Pro Max Unlocked 256GB
- Step 2: Open a new tab in your browser and type eBay.com
- Step 3: Search for the device model (e.g., "iPhone 16 Pro Max Unlock 256GB") in the search bar
- Step 4: Filter results to show only "sold items." This ensures you see recently sold listings, and that the price is accurate.
- Step 5: Look for listings matching your criteria; evaluate price variations, listings with 'Buy It Now' status is preferred to filter out outliers and irrelevant listings
- Outliers are listings with significantly different prices and be aware of potential scams
- Seller legitimacy is an important factor to confirm; check the seller's feedback score or avoid those with a low rating or no history
- Check the device's location; avoid listings outside of the U.S.
- Check to see if there's demand and look for items that are in good condition
Considering Market Demand and Condition
- Low demand might mean higher profit margins are needed
- Outliers affect average prices; look for consistent listings
- Listings show variations in accessories (e.g., camera with or without lenses), condition, and used/new status affect price
- Condition of the device greatly influences price
- Using "Buy it Now" statuses when price-checking to ensure the price is actual and avoids negotiation
Determining the Average Price
- Mental calculations are sufficient for determining average price; avoid complex computations
- Focus on the lowest average customer-paid values, not highest
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Description
Learn how to accurately determine the market value of devices through effective price-checking techniques. This guide outlines essential steps to identify device models on eBay and filter results for sold items to get a realistic price overview. Understand how to evaluate offers based on market trends and multiple listings.
