Terapeak is supposed to provide you access to data from eBay that can help you determine what to sell, at what price, and in what category. It’s designed for eBay newbies, as well as Top Sellers, and it is often put to the test against the free search tool provided by eBay. So can this software really increase your eBay sales, and is it worth paying a monthly fee for, or can you get by using the free information that’s readily available to everyone?
If you’ve been selling on eBay for any length of time, you’ll quickly want to get the edge on your competitors so that you can outsell them, and make more money. One way to do this is to have access to better data than they have, or to snoop on what they’re doing so you can copy what’s working for them. Terapeak says that with the information they provide you can do just that and more. By letting you see one year’s worth of closed listings, category sales trends, and new sales trends, should have everything you need in order to boost your sales, and make better choices as to what to sell.
Terapeak says that eBay sellers that use their software make more money than those that don’t. That’s a pretty touch claim to refute or to prove. That’s pretty much the only claim they make, other than listing the benefits of using their software. Instead of making claims, they present testimonials from those that have had success using it.
Many eBayers find out about Terapeak sooner or later and wonder if it’s worth trying out. There are those that say it’s not worth it, and there are those that say they wouldn’t try selling stuff without it, which creates something of a debate in the eBay community, which is pretty much a form of hype for Terapeak.
Terapeak is $30 a month, which gets you one market, or $50 a month which gets you all of the markets, plus eBay motors. You can pay annually to save some money, effectively getting 3 months free. The service is often compared to the free information that’s provided by eBay, so you have to weigh the pros and cons of each to see whether or not it’s worth the extra cost. eBay will give you some information, but they won’t give you the farm, and only give you enough to make general, sweeping assumptions with.
Having access to the information is only one part of the puzzle. You have to be able to make heads or tails of all this data, and then put that knowledge to use if you want this to be worth it, and to get a return on the money you’re investing. So while it does organize the information in a concise and easy-to-read format, you still have to dedicate time towards researching it, and processing it in your own head.
The access to the closed listings alone is worth it. You can definitely learn a lot about what sells and what doesn’t sell by going over these reports. Rather than trying to sell what you think people want to buy, you can find out what they actually do buy, and then cater to those needs. This simple adjustment can mean the difference between making sales on eBay, and not.
The next helpful tool is the trends, both the category trends, and the new product trends. While it’s true that the free eBay tool does provide them of this information, and shows you overall or general trending data, the Terapeak information is more detailed, laid out in a better format, and provides more accurate reads on what’s growing in popularity.
Final Terapeak Review
It’s hard to argue about the type of data that Terapeak provides you with, so the only real way prove if it works or not lies with the individual. Are you able to take this raw data and turn it into something that either makes you more money, or reduces your expenses on goods that don’t sell, or helps you learn new strategies by watching what successful sellers do? If you’re able to process this information and turn it into actionable items, you’ll probably get a lot of benefit from Terapeak.
However, there is a chance that you could get overwhelmed by all of the information, and your mind can get lost in all the data. This can lead to paralysis of analysis, and you could spend several hours with nothing to show for it if you just get frustrated and for your hands up in desperation, or get lots of ideas without focusing on one take action on.
Since they offer month to month memberships, it would only take $30 or $50 to find out if it’s worth it or not. If you make back your money, stay on for another month, and if it stops helping just cancel. Only you know your niche as well as you do, so you’re the best person equipped for determining if Terapeak is right for you and your specific business. Even one month of service can give you enough information to guide your actions for the next several months, if you use it properly. If it gives you one new idea that ends up making you more money, it’s worth it in the long run.
What do you think? Does Terapeak work or not?
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