What to Sell and How to Sell on eBay to Boost Your Profits 25%-50%.
Terapeak Review
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Make More Money on eBay with Terapeak
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Terapeak is a leading eBay market research tool. Let me emphasize that: “Market Research”. If you want to sell profitably you need a market research, because you need to be in control of your eBay auctions. You need to know how much profit you can make from a product before you sell it, how to be better than your competitor, how to make more money from every listing. And that is what Terapeak is all about. This eBay market research tool will help you to develop solid sale strategy, discover products trends, top sellers you have to compete with, hot products and categories and at the end of the day will help you make more money on every listing.
Terapeak gives you insight information about what to sell, how to sell and when to sell to make most of the money. Most of your competitors have never seen this valuable data and this gives you unfair advantage to be head and shoulders above them.
Why Use Terapeak
Here is how you can use Terapeak to boost your profits:
Closed Auction Research
- Search millions of closed eBay listings – see what sells, what doesn’t.
- Determine profit potential for any product; with that knowledge pick the most profitable product.
Top Sellers
- View the top sellers by eBay category for sales, volume and total bids – this gives you an idea of how many serious players you have to compete with.
- Research your competitors’ sale strategy, analyze, improve it and take the top spot.
Category Research
- Understand category patterns & make informed decisions – see categories with the highest bid and sale activity and choose the right product.
- When you understand which are the most profitable categories you can adjust your product sourcing strategy, and that leads to more sales. One of the easiest ways to get products is drop shipping. Check Worldwide Brands review to find out how you can get thousands of great products to sell on eBay at wholesale prices.
Trends
- See product sale fluctuations in different times of the year (seasonality of your sales items) – trends. They will help you find seasonal products (wedding favors, St. Valentines cards, barbeque grills etc). You can buy them dirt cheap off-season, and sell much higher during the season.
- You can also see trends in the closing times of successful auctions, which will help to increase the effectiveness of your auctions and ultimately increase your profit.
Hot Research
- View super hot, very hot and hot categories, media (DVD, books, games), searches (see what buyers are searching on eBay), products and titles (See Top products overall on eBay and in specific categories, drill down to specific makes and models).
Terapeak Free Trial
You can use Terapeak at no cost, just sign up for their free research tool. You need to have an existing eBay account to link your account to eBay Marketplace Research by Terapeak. Free search is not as powerful as a regular service and there are some limitations, but you still can dig some valuable information. For the newbie, the mountains of data could be pretty overwhelming, especially without understanding what the data means. To get a better understanding how to use software for research take a look at video lessons, they will help you to make your research more effective.
Make More Money on Whatever You Sell
Watch video – how to increase sales and profit with Terapeak market research. Not sure about Terapeak? See it compared to other eBay Market Research tools.
Visit Terapeak Official website
Terapeak vs HammerTap
Comparing market research data from leading tools (HammerTap and Terapeak), I can say that they use the same data source, the only difference is representation form – Terapeak is more intuitive and easy to understand, which is good for beginner. They are a Certified Provider and their software has close integration with eBay platform. This gives you an assurance that your research is based on real data and not skewed by some outdated numbers. To understand better how to use data from market research software, some tricks and sale techniques you can check HammerTap review.
3 Steps to Buy, Sell and Profit on eBay
Step 1.
Find What’s HOT for YOU on eBay
Have you ever looked at an eBay “What’s Hot list?” . These lists are great at giving some initial direction, but what do they really mean to you? Yes, you might find out that 16 Gb iphone is extremely HOT item in Consumer Electronics. So what? If you don’t know where to get iphone for wholesale/reasonable price you are not going to make any money from it. So this item is NOT that HOT for your business.
Step 2.
What’s HOT for YOU Depends on What You Can Sell
What do you mean, “What’s hot for me depends on what I can sell”? If it is being sold on eBay, why wouldn’t I be able to sell it? A lot of factors go into ability to sell a product. For example, firstly you need to understand the supply and demand of that product, and then you need to be able to find a product source/drop shipping directory with wholesale prices. Find out the supply and demand. You should never commit selling a new product without trying to gauge what the demand for that product will be! With Terapeak it is easy. Search a product you think is right for you and check the Results for the Total Listings (supply) and Sell-Through (demand). Now having the right product you need a product source. You can check Worldwide Brands review to learn more about where you can find products at wholesale prices to sell on eBay.
Step 3.
What’s HOT for YOU Depends on How Much You Can Make
So, by now you should have discovered a hot-selling product, determined its supply and demand within the market, and found out where you can get it. Unfortunately, that is only one side of the equation. Although you are confident you can sell it, do you know how much money you can make? Terapeak will help us again. Check Average Selling Price (ASP). But we won’t sell it at the average – using market research tools and determine proper selling strategy we can significantly boost our selling price. Usually my selling price was 25% higher (on average) than regular ASP, because I was able to leverage great description, right timing, keywords and features in my auctions.
So now we have both sides of equation and it is time to solve it and find out how much money we can make selling a product. Profit=Sales Price – Cost of a Product. Don’t forget to include in Cost of a Product: wholesale price of a product + shipping + storage + listing and closing fees. The key here is to sit down and do the math before you’re going to buy a large inventory of “hot” products that either:
- You can’t sell
- You can’t make a profit on.
That’s why market research is crucial “MUST” for serious business, and performing this without proper market research software is impossible. So if you’re selling more than $500 a month worth of products you need eBay market research software.
Conclusion
You are making money selling products online, and if you’re selling better/more than your competitors you’re making more money – everything is simple.
Simple market research will:
- Make you more money on every listing
- Prevent you from many costly mistakes and put you head above your competitors.
Terapeak and HammerTap are tools, I think, any seller should not be without. You can try them for free. If you’re new to eBay research tools I would recommend Terapeak as more intuitive and easy to use. You can check Terapeak basic search here and HammerTap 10 day’s free trial here.
I’ve used Terapeak for a couple of years now and have really liked the information. Yes, there were ups and downs in terms of some features, layout and user interface. The one they rolled out in 2008 was terrible, but they quickly fixed it. As an eBay seller, the data they provide is extremely valuable in understanding the products and sellers I’m competing against, the prices, trends and ability to spot changes early is priceless. Even free version provides some great value. Highly recommend it.
Overall Terapeak is good but their website is kind of slow for me and I don’t like their title builder tool, it doesn’t give you granular insight on what keywords will increase your end price and sell-through rate.
Great application, increased my sales 25%, I have tried Hammertap before and was turned off by non-existing customer support and clunky interface. The downside of Terapeak – their tutorials don’t tell you much how to research to make more money, they show you basic functions of the software but do not explain why and how to use those features to increase sales.