03/29/2017 at 12:04 pm #15552
I’ve been trying to find this item online and have no luck with my research. There are only three photos online and all of them are on Worthpoint. All the sales on Worthpoint are 2013/4. This makes me think this plate is rare.
So my question is: is Worthpoint worth the $20 per month? Dammit, that’s the same as my eBay store subscription.
Are there any Worthpoint subscribers here? What’s your view?
03/29/2017 at 12:08 pm #15553
03/29/2017 at 12:50 pm #15557MDC Galleries & Fine ArtParticipant
- Location: Atlanta
Been a subscriber for many years. It is my first choice for pricing and also for getting a description and keywords even if the pricing is not used. On real old items who cares if the prices are 24 or 36 months old. If none have sold anywhere within a year and you find 6 that sold for $95 dollars 3 years ago, I think that is great information. I bump it up for 10% per year since last one sold and go with that.
I identify unknown things almost every day that otherwise I wouldn’t know what it was.
Just yesterday I was listing a small vase with a hand painted scene of a boy walking, done in a white enamel type paint. We bought for a few bucks at a thrift and was going to list at about $12.50. But thought I would look it up on Worthpoint real quick and viola’ turns out it is a Mary Gregory hand painted vase. Who would have known without looking it up and saw 4 that were the exact same thing and had sold within the last year or two around $50 each. I immediately changed our price and refreshed the listing up to $49.99. Now multiply that times many items.
we find many old things that we can only find on Worthpoint and also on Kovels. On our antiques that we sold in our 6 antique booths, Kovels was a life saver. Many people on Ebay don’t know what they have or what many things are or where they came from. On Kovel’s you can find all that out and get a current antique dealers selling cost on it. But yes we do also cross reference Ebay solds also but that is just the start of it.
Had my meeting with my CPA yesterday and he said, Holy Cow you have some serious profit margins. On $2,100 of items we bought last year we produced $24,000 in Sales and I attribute that to slowing down, doing longer and deeper research using multiple sources for research then pricing way above the highest price sold.
But speed does have it advantages, that equates to more items listed, leading to more sales. But yes we find it worth it. But if you only buy what you know then you don’t need anything. We have a Premium Store [$75 per month] with 770 items listed and still hundreds of items from our old booths to go.
Just an opinion for what it’s worth.
mike at MDC Galleries in Atlanta
03/29/2017 at 1:40 pm #15562
Ryanne – I did search eBay before I did my listing, but as you notice, there are no tomato plates. What struck me was that the last tomato plate sold 3 years ago, but the onion plate has listings on eBay currently.
Mike – thank you, appreciate your opinion. I had that lady in mind who posted last month about listing an item for $30 when it was worth $300, or something like those prices. Despite being a starter seller, I do believe in research and taking the time to find and price things properly. I was on the “get it up fast” bandwagon for a while, but I actually enjoy the investigation and the confidence that I’ve priced things correctly. However, I have always felt restricted with eBay’s 90-day history. I had considered Terapeak for a while too. Both Terapeak and Worthpoint are expensive, but seeing as I tend to go for unusual one-of-a-kind items in about half my store, I wondered if getting a subscription to one of them was worth the cost. I’m grateful for your feedback.
03/29/2017 at 3:24 pm #15572JayKeymaster
- Location: Virginia
There will always be two band wagons: Those who pay for 3rd party subscriptions and those that don’t.
With Worthpoint, I find that old selling data isn’t useful. If an item sold for $100 in 2011, that’s outdated info since the market changes. eBay’s 90-day history is usually plenty. If an item really has no eBay history (super rare), we just use Google to get a sense of the item.
I just don’t see how a monthly subscription is worth the very uncommon items that need deep research. I’m confident that we consistently get the higher dollar amounts for our items.
03/29/2017 at 8:16 pm #15600
Thanks Jay. Good point.
On this plate I started in eBay, then went to Google, then ended up with Google Image. I put that plate up and got an offer on it within 12 hours, that was auto-declined. The buyer upped their offer by $5, and that got me suspicious. I felt confident when I listed that I was asking a fair price, but I didn’t want to be unfair about the offer received either. I think I’ll just counteroffer and see what happens. And I’ll change my auto-decline to the counter offer value. If I’m not happy with an offer, I should up the limit, I think.
03/31/2017 at 7:14 pm #15709KarenParticipant
I have held onto something for years if I truly think its something, but can’t figure it out. It works for me. It generally is a small item. Not taking up much space. No big deal.
05/03/2018 at 8:45 pm #39017citysellerParticipant
I’m currently testing out Worthpoint and its kind of worthless haha.
I can get much better information from Terapeak (now for free since ebay acquired it)
The biggest downside i found was that it does not quickly give me the data i need
via the app nor via the website. I would like to see the prices in a quick glance not have to individually click on each item.
Im also looking at sales velocity of an item and weighing it against the amount of sellers in the
market. Say im thinking of flipping something but there are already 20 sellers and it doesnt sell often, then i would pass on this item as i dont want it taking up my space.
Im basically applying my Amazon fba knowledge to ebay. So hard pass on Worthpoint and stick to Terapeak which has a lot more features and is now free when you sync your ebay to it.
05/03/2018 at 9:02 pm #39020JayKeymaster
- Location: Virginia
Is Terrapeak free now? No more subscription to have access to old data? How far does it far back?
05/07/2018 at 5:40 pm #39320
05/07/2018 at 5:24 pm #39316Eve EverettParticipant
Free? Terapeak free? I will look into this. Hope springs eternal.
I have Worthpoint, but you all can also sign up free for Liveauctioneers and find a lot of good info too. It depends on what your item is, whether Worthpoint is worth it.
I have subscribed and am satisfied with it, but it does lack a lot of features.
05/04/2018 at 7:02 am #39036MikeParticipant
I just bought a subscription at a discounted rate. I got a year for 169.99 or $14.51 a month after listening to a podcast. I like it and I don’t like it. It is great for things that are hard to find or collectibles. If an item sells once every year or so, you can get the data. Newer things eBay works just fine.
I sell a few vintage electronics which helps due to the infrequency that it is sold on eBay.
My thought is if I get one home run due to Worthpoint then its paid for.
If you are selling clothes or commodity items then Worthpoint is not needed. eBay has all of that data. If you are selling rare items, it maybe helpful.
- This reply was modified 3 years, 5 months ago by Mike.
05/04/2018 at 8:29 am #39042almastyParticipant
Worthpoint is really useful to extrapolate data from for items similar to the ones you are listing. You might not find exact matches, but you can determine the popularity of an item based on selling prices from yeard ago, even if a similar item is not currently available for sale.
For example, 2 weeks ago I was going to list an older, smaller book that was completely falling apart for $10 with free shipping. I looked up books similar to the subject and saw that when they were available, they went for a few hundred dollars. I priced my copy for $300 obo and received an offer the next day for $150. I took it, and have already received positive feedback from the buyer.
I love worthpoint!
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