In any marketplace that is competition-heavy (e.g., eBay), data is king and those who know more will probably succeed over their competitors. Terapeak is an online data gathering and aggregating tool that can give you all the data you need to make smart, strategic decisions that will result in more customers and more sales.
Here is what Terapeak can do for you and how it can increase your eBay sales:
Spot Hot Products before Your Competitors
It’s impossible for the average human being to watch the hundreds of different categories on eBay to figure out what’s selling. EBay Pulse doesn’t provide enough comprehensive information to make well-informed decisions. Terapeak will tell you what products are becoming more popular, what products are getting hotter and spiking in sales, and what products you can make a lot of money in quickly. It will tell you about new products that are taking off, as well as cyclical and seasonal products that are about to peak.
Research Your Product and Market before You Start
Do you have a good chance of making money in the market, how have others fared in the past, about how many units are being sold per month, and what percentage of listings sell and what percentage expire without any bids?
Knowing this information can save you costly mistakes. It will help you avoid “black hole” markets that suck up cash and don’t produce results. Instead, it will point you towards markets where people are spending money, where you have a much higher chance of success.
Watch Your Competitors
Without a tool such as Terapeak, it would take dozens of hours of research to determine what strategies your competitors are using in their sales letters, how many units they are selling, what other products they are selling, and what is working the best for them. Terapeak will gather all this data for you in seconds and put it at your fingertips. You will know exactly what is working for your competitors and what is not before you need to make your decisions.
The Cost Benefit Analysis
Terapeak costs only $25 a month for all U.S.-based features, and $40 a month for all international features. For the price, you get more than two years’ worth of data, all the features mentioned above and quite a bit more. Keep in mind that most people will have to pay for the data one way or the other. They either pay for it the easy way through a data gathering service, or they pay for it the hard way by entering markets they shouldn’t enter and carrying the costs.
In short, Terapeak can save you money by avoiding markets that don’t have buyers, and can make you money by spotting hot trends and showing you what is already working for your competitors.
