In addition to the top products in different categories, eBay also released its findings for an overall top 25 Holiday Gift List. This list details the items that are expected to be the hottest sellers on eBay this year. The top 10 of the 25 products in the list include the following (The full top 25 list can be found here.):
- Webkinz / Lil'Kinz
- Collectible Barbie
- Dooney & Bourke Zebra Tote
- Nintendo Wii
- T.M.X. Friends - Ernie & Cookie Monster
- BCBG Dress
- Harry Potter and the Deathly Hallows
- Rock Band Video Game
Last week on eBay Watch, (see Making eBay Sales Shiney and Bright) I discussed, in some length, a Webinar offered by HammerTap that focused on "Predicting eBay Holiday Sales Trends." In the Webinar Steve Nye, who handles Public Relations for HammerTap, stressed the importance of sellers using research data from last year's eBay sales to predict the sales trends for 2007.
With that in mind, this week Nye is offering some very pertinent and interesting data on two of the hot items from eBay's Top 25 list, courtesy of HammerTap.
Throughout much of this year's eBay Watch columns we've been citing eBay Pulse, which week over week has turned up Webkinz as one of the top three keyword searches. It's a hot item, and I'm not at all surprised to see it ranked as #2 in eBay's Hot List.
Using HammerTap data from 2006, the research shows that during the week of Nov. 13 to Dec. 10, there were a total of 6,147 listings with a 78.35 percent listing success rate (LSR) and a $13.46 average selling price (ASP). Now, since eBay's Hot List is for "Webkinz / Lil'Kinz" here are some facts from these listings last year that sellers with this product should consider when listing it for holiday 2007 sales.
- Using Lil' Kinz (with a space) in your auction title is more profitable and successful than using it without a space.
- If you use Lil' Kinz in the title only, as compared to using Lil' Kinz and Webkinz, it only increases your LSR from 78.35 to 81.35 percent, and does not increase your ASP.
- Another interesting fact is that during this period last year, Webkinz cat listings had a lower LSR compared to dog (75.84 versus 88 percent).
I'm pretty sure many of you will remember last year's T.M.X. Elmo craze. This holiday's hot ticket-item from Fisher-Price is called T.M.X Friends. Obviously, the T.M.X. Elmo was unique in that it was a special anniversary edition that seemed to incite the same craze as the original release did in 1995/1996. Still, kids will want a T.M.X. Friends this year and you can be sure parents will be on eBay looking for it. Nye says that last year, more than 90,000 T.M.X. Elmo's sold between Thanksgiving and Christmas, generating sales revenue of more than $4.8 million.
Of interest to sellers is that last year's data shows that more than 20 percent of T.M.X. Elmo sold in the week immediately following Thanksgiving. This particular week had both the highest average sales price and listing success rate when compared to any other week from Nov. 24 to Dec. 28, 2006. Following that time-period, as it got closer to Dec. 24, the number of listings and actual sales Increased, but both the the ASP and the LSR dropped.
Nye said, "To me, it looks like sellers held on to their T.M.X. Elmo's to sell right before Christmas. The problem is, everyone did this. The most Elmo's were listed the week before Christmas with 47,552. But, this week had the lowest sales price of $38.82. The market was flooded, which made prices and success rates drop drastically. For T.M.X. Friends, the best strategy is to sell early. The early birds will pay more in fear the market will run out before Christmas. The late sellers will do the same thing they did last year and flood the market."
For those sellers who plan to list T.M.X. Friends during the week after Christmas, here are a few additional quick facts from last year's T.M.X. Elmo listings that sellers should consider to improve profits and LSR for T.M.X. Friends:
- Ending on Friday bumped sales from $65.45 to $66.76.
- Using the Bold feature increased the price to $69.47 and the success rate from 64.87 to 71.59 percent.
- Using the gift feature bumped it to $71.85, but didn't increase the LSR.
|Do you have a comment or question about this article or other e-commerce topics in general? Speak out in the SmallBusinessComputing.com E-Commerce Forum. Join the discussion today!|
Frost & Sullivan—Genesys Wins the 2014 North American Award for Cloud Customer Contact Solutions Genesys has been able to apply the best of all strategic approaches in moving to the cloud. It has acquired assets to bypass the long R&D process...
Decision Guide: Hosted vs. Premises-based Unified Communications Solutions Unified Communications offers a host of benefits to SMBs and large enterprises alike. But every organization needs to determine whether a...
Driving Your Cloud Strategy with Private Network Solutions There is no understating the impact of security and network connectivity on today's cloud environments. Yes, clouds can scale, expedite processing,...
10 Things You Need to Know About Hybrid IT Strategies A hybrid infrastructure – bringing together on-premises and cloud capabilities – is a strategy many enterprises are embracing in order...