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eBay Displays Competitive Prices in Listing Flow

eBay
eBay Displays Competitive Prices in Listing Flow

eBay announced a new feature for sellers on Tuesday – it is now displaying prices of competing listings to sellers as they are listing their own item.

Experienced sellers tend to scoff at such features, believing eBay’s technology is unreliable when it comes to making accurate, apple-to-apple comparisons.

In its announcement, eBay advised sellers that as more information is updated by the selling community in the product catalog that helps associate similar products, more competitive information will be available.

The move to a product catalog is part of eBay CEO Devin Wenig’s vision, which includes building out a portal called Seller Hub. Since he took over from John Donahoe in 2015, Wenig has been working on a structured data initiative that he said was key to turning around eBay.

eBay had more to say about price guidance features in this year’s Spring Seller Update. But features like “price insight” lead many sellers to believe eBay is trying to drive prices down in an attempt to increase sales with no regard for seller profitability.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

4 thoughts on “eBay Displays Competitive Prices in Listing Flow”

  1. With only two anchor stores left of the five we had we are no longer listing on greed bay. We are letting our listings wind down and come the spring flea market season will close one of the stores and then about July the other. After 20 years we will be giving greedbay the middle finger. They are no longer relevant in our life.

  2. I would imagine that this would be an annoyance for sellers of one of a kind used items. Condition is the main determinant for pricing stamps for collectors. A stamp in poor condition may sell at 5% of catalog value while a graded stamp could sell at multiples of catalog value. eBay item specifics in the Stamp Category are not consistent with generally accepted terminology in the market place. No catalog, imprecise terminology and inconsistent condition descriptions would create perfect storm for sellers uncertain about pricing. eBay suggested prices would not correlate well with marketplace prices. Fortunately, users of third-party desktop applications like the SixBit eCommerce solution would be unlikely to ever see these messages.

  3. Maybe not, eBay may be trying to increase prices! Far too many eBay sellers are idiots, who get something inherited or from a yard sale, Now an intelligent smart seller would normally do searches of completed items to get an average price. But the lazy, not educated seller puts the item up for pennies on the dollar. This hurts everyone; eBay included. In order for this to work, the product catalog, which basically is only good for UPC items, needs to be expanded to items from the 1950’s that are very expensive in resale. The eBay search system also needs to be, Title Only!

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