Use eBay Terapeak to Research

However, neither eBay nor any other marketplace has you put your products out there in sales. You need to research the product that would be profitable, what price to sell or how you can make your listings better over other ones. One of the best tools in conducting research is Terapeak eBay.

More about Terapeak eBay

Considering eBay as one of the most popular platforms and sales, it is a place to sell your product. But you must do more than enumerate any product and watch it generate income. You have to investigate so that you know what products are worth selling.

How does Terapeak eBay work? It is a research tool used as real-time information about sold items on eBay. This tool will enable you to reduce the time and resources dedicated to research to identify what to sell, how it should be sold, and at what price by analysing the existing competition within your niche.

You can do your research by putting the keyword into the search engine Terapeak eBay. For example, when you enter the word “jeans” in the search bar, it will provide information about items sold during the date range of your choice, which contain specifics with that word. There are some results on jeans or others, with belts.

The more specific your search term is, the more accurate results you will find. With this eBay product research tool, you can search for products with particular names to find out if they are top-selling products on Terapeak eBay in your niche.

Terapeak eBay Access 

Under the Research tab in Seller Hub, you can find Terapeak. Here are some simple steps to get Terapeak:

• Log in to your Terapeak eBay account: Visit the eBay website at www.ebay.com and sign in using your seller ID and passwords.
• Visit the Seller Hub: After logging in, go to the “My eBay” link and click on Seller Hub.
• Access Terapeak: On the Seller Hub’s left side, you should have a menu. Find the “Research” tab and click on “Terapeak.”
• Explore features of Terapeak: When you open Terapeak, there are several features and data that can be used to analyze eBay market trends, competitors’ sales, etc. They may include specific tools and options depends upon your subscription tier.

How Terapeak eBay Work?

eBay Terapeak is divided into two research tools: Sourcing Insights and Product Research. Each tool has a number of features that can be used for specific tasks. But with the help of two of them, you can have a complete understanding of which sector or niche is under analysis.

#1. Product research Terapeak 

As the name suggests, product research Terapeak  is for product research and analytics. This is one of only two eBay research tools that demonstrates the performance of items within this focal marketplace using simple graphs, statistics, and charts.

This product analysis option gives you data for millions of items, like:

• Listings and sales for specific items
• The conditions of items sold
• Average sales prices
• The average shipping cost and the frequency of listings with free shipping
• Unsold inventory
• Sell-through rates
• Sales trends over time
• The Listing formats being used by the sellers

#2. Sourcing insights of Terapeak

Terapeak product search deals with products, whereas Terapeak sourcing insights will give you a general view of your product category. Through the second tool, you can look at live sales data of several categories from eBay. 

Such priceless information allows you to build a sourcing plan, pinpoint locations with growth opportunities and weigh your decisions carefully concerning the products you will offer.

With the sourcing insights of Terapeak, you can check data:

• Search volume
• Search-to-listing ratio
• Active listings
• Total listings
• Top Opportunities
• 1 year CTR
• Total items sold
• Top listings

How to Increase Sales Using Terapeak eBay?

Let’s see how Terapeak eBay will help you improve your product and choose the best product out of all to sell.

#1. Market and product research

The tool can be first used for market and product research about the items you currently sell or will sell in future using Terapeak eBay. The product of which you have an interest in and knowledge about when starting up on eBay might have crossed your mind. 

The ability to sell this product enables you customize your products while still providing a quality customer experience based on the experiences. But as a seller, think if that product is worth selling. Selling ability and volumes of sales can be judged via items sold, sell-through rate, and total revenue as a function of that product.

Sell-through rate: It can indicate your ability to sell the product. The greater the sell-through rate, the quicker you move your product. To get rich quickly on eBay, it is more prudent to define a product that you want to sell fast.

Total revenue and item sold: It is possible to analyze this data to know the sales volumes of the product sought. You will also have knowledge as to whether the product is demanded. Generally, business in low competition and high demand provides the greatest opportunity for a profitable sale.

#2. Strategies of selling 

Once you have found a product to sell, it is time to learn how to sell that product and how to market the product globally in the marketplace. This is the opportune moment to get Terapeak eBay in order to boost your selling techniques. These strategies can be used for your new listings and the ones you already have available.

strategies of pricing

While talking about the pricing strategies, first of all, you should consider some feasible methods because selling on eBay may be rather expensive and if your plans are not effective, it will take a long time to generate profits.

The eBay hacks for growing your sales include providing prices that are more competitive than those of your competitors. The Terapeak eBay product gives information on the current competitor’s price and best selling listing prices.

Strategies of Listing 

The first product that appears from the results of the search has a greater chance of getting more clicks and, thus, selling more.

Using Terapeak eBay, you will analyze the best-selling listing to know how your top competitors use their keywords  and descriptions and also, from these aspects, improve your product images with optimizations.

If you’ve only just started listing your products on eBay, Terapeak allows you to study the best practices. As an alternative, if your current listings perform poorly, boost them by analyzing competitive listings and acquiring descriptions, search terms, and photos.

Any minor change in your listing has a huge impact on attracting buyers.

#3. Optimization of Inventory

By improving your inventory, you will prevent many problems, such as stockouts, backorders and overstocking. Also, Terapeak eBay provides useful information on how sales of similar products were measured for precise planning of your inventory.

This Terapeak eBay product analysis tool includes data from a 2-year time frame, the number of products sold in seasonal products related to Christmas, New Year’s Eve, etc., during that particular year. This data helps you to coordinate with your suppliers and plan ahead.

FAQs

What is my approach to researching products for sale on eBay?

Out of the cheaper options available for users of eBay, one of the first places where you can begin your research is eBay’s completed listings. Check the finished listings to determine how much you would ultimately pay for items identical to those you want to sell. One can estimate the number of products sold by looking at their popularity.

What do you enter in Terapeak eBay for keywords?

You sign in and browse through products and niches via keywords, UPC or other product codes, sales categories, or other identifying characteristics of the product. Once you input your keywords or phrases, Terapeak offers information on the product or niche, either current or over a time span of up to 1 year ago.

Is Terapeak worth it?

Terapeak is an excellent research tool. With a great deal of clarity, it provides the sortable data you need to generate and refine your own market research techniques.