A new online research tool from eBay Inc. provides real-time visibility into product listing, auction bidding and pricing trends and other data on eBay.com.
EBay’s new eBay Marketplace Research service lets sellers view a 90-day backlog of eBay data, including shipping charges and top search terms used by shoppers. Sellers can follow trends as information is compiled in real time and adjust their selling strategies accordingly, eBay says.
The service also lets buyers get average final prices for particular types of products before deciding how much to bid for an item, eBay says.
EBay says it developed the research service after buyers and sellers requested more insight into transaction activity. It notes that eBay users in September conducted more than 40 million searches for information on completed listings, information that the new Marketplace Research service can deliver automatically.
In a recent survey it conducted of its members, eBay found that 70% of them said that expanded access to market data would help increase eBay sales.