It's
easy to think you know pretty much all there is to know about a product you've
encountered daily for most of your life, in my case vintage postcards.
So I
was really shocked to discover someone selling an identical postcard to one I had
listed on eBay ended up making £300 for his postcard compared to twenty-four pounds
for mine. And my card was in much better condition, my description was more
comprehensive, my illustration was better than the other seller's by a long
shot!
I'm not
saying that to brag or to compensate for ignorance that cost me almost £300.
The reality
was the other person had found a better category to list his postcard than I
had chosen for mine. Oddly, that other
person didn't even list his postcard under 'Postcards', and let me tell you
why.
The
postcard in question was a woven silk postcard depicting various parts of
Belgium burning in the aftermath of bombing during the First World War.
Many
people, myself previously included, lump woven silk postcards under the overall
category of 'Embroidered Silk' postcards.
That
'other' person put his woven silk postcard under Antiques > Fabrics /
Textiles > Embroidery! He made £300 while I made twenty four pounds.
Fancy
that! And I still think my category was the better choice, but obviously the
punters didn't, and in the end they, the buyers, are all that really matters.
And
that's the reason my next woven silk postcard, depicting Queen Victoria went,
not under 'Postcards' but under 'Embroidery'............
................
and fetched £100 compared to a similar item I listed earlier that made just
£15!
Two
things to bear in mind here:
* It's
a good idea to search for items listed in one category which may attract more
visitors and higher prices in another category. Whenever you see items similar
to those you sell being listed in an uncommon category, make a note, and spend
a little time each week searching for items to buy and make money by relisting
them elsewhere.
*
Researching past auctions is the very best way to determine how much your
product is worth and how much it is likely to fetch. Had I not researched
eBay's completed categories one day last month I'd never have found that woven
silk postcard that fetched so much while mine fetched so little.
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