In this Terapeak Review we’ll take a look at the service and I’ll show you how you can use it to find hot products to make fast sales on eBay & Amazon.
It’s easy to sell items that you own online, but what if you want to build a e-Commerce business selling the same products multiple times?
Well, if that’s your goal, the biggest challenge is to find hot products that people want and then find sources for those products.
Not to worry, I have a little something that will make all that much easier for you.
There’s an online tool that I discovered when selling on Amazon to give me an edge when selecting products to import, and then sell on eBay and Amazon.
The program basically compiles seller information from eBay and Amazon.
It will tell you exactly if a product is worth selling or if there’s no room in the marketplace.
It makes your job of finding hot products a walk in the park.
Terapeak Review: The Basics
Terapeak is a subscription based service that allows you to view seller’s data from the world’s largest online marketplaces; eBay and Amazon.
There’s a free membership trial available, so feel free to take a look and check out the insider’s area.
The free trial alone provides you with enough time to find decent products that you can make a nice profit from.
You can also connect it to your seller’s account to see sales data in real-time and see which products are performing the best.
Don’t Want to Read Complicated Seller Data?
Over the years, Terapeak has undergone quite a few changes, and now it’s a full-fledged package for anyone who wants to sell items online.
Here are some of the tools offered within the member’s area:
- Seller’s Account Management and Data
- Product Research for eBay and Amazon
- Where to Find Sources for Your Products
- Competitor Research
- Search Engine Optimization Service for Quality Keywords
You can access most of these tools on a trial basis, once the trial expires you will be required to sign-up for a paid membership if you wish to continue using the services.
The core service is product research.
How to Research Products on Terapeak
It’s simple, but you’ll first have to type in the product name in the search bar.
To find products, either visit eBay or Amazon and simply copy and paste the name of the product into the Terapeak search bar.
For example, I headed over to Amazon’s best seller list and copy and pasted the second most popular product, a 10 pack of play-doh.
When researching this one product in particular, a few interesting things can be noted.
For instance, take a look at the screenshot below, there have only been two listings over a 90 day time period on eBay for that product and only one was sold.
But the average price is $25.19!
That’s interesting because the listing on Amazon is being sold for $7.99!
And yes, it’s the EXACT same product.
So, it’s not a very popular product on eBay but maybe if you lower the price a bit, it has potential.
Let’s see if we can find a source.
Heading over to Alibaba, all we have to do is copy and paste the product name and hit search.
And here I find the same product but there’s no price information, we have to contact the supplier for pricing details.
In some cases it might be worth contacting the supplier if there’s no pricing info on the page but I prefer to stick to products that openly share pricing details.
So, this product is worth investigating further, but it’s not the best product out there.
As you can see, all you have to do is repeat the process until you find a product that meets the criteria.
And then you can look into the ordering process!
Here’s the criteria for finding a good product with Terapeak.
- A sell through rate of 30% or higher.
- Good margins.
- LIGHT Weight Products.
- Must be currently selling on eBay or Amazon for at least three times the source price.
As you can see, this tool makes finding products a walk in the park.
But it does require time because you have to sift through each product to find the good ones.
It’s also important to keep in mind that you should avoid products that have a brand.
Many people make this mistake, they’ll look for any product and try to sell it online, but that’s a good way to get sued for selling counterfeits.
And even if you don’t get sued, you can still get your merchandise confiscated by customs or lose your seller rights on eBay or Amazon and that’s money down the drain.
What you want to do is.. Look only for products that have no-brand.
Better yet, create your own brand.
That’s when the real magic happens.
Additional Thoughts on Terapeak:
If your serious about selling products online, Terapeak can be a great advantage.
There’s a short learning curve that will allow to select products that can sell fast versus wasting time on losers.
If you’re gearing to make eCommerce a full time gig, then Terapeak is a must have tool.
I suggest that you take some time to familiarize yourself with Terapeak using their free membership.
See how it works and learn how to read the data.
It’s also important to avoid getting too excited about one particular product. Make notes on the products and record the hard data, the pros and cons of each product.
Sometimes you find products with perfect data and a cheap source but it turns out to be an anomaly and the marketplace doesn’t want the item anymore.
It happens, nothing is set in stone, but the data can make it much easier for you to avoid wasting cash on junk products.
All products have a life cycle and you want to time it on it’s way UP!
Additionally, remember not too order too much stock right off the bat.
You’ll want to get samples first and see if those sell, and if they do, then slowly order larger batches. Many times sellers will have a minimum order quantity of 500 to 1,000 units per order.
Dealing with Suppliers:
Once you establish a relationship through ordering samples, many will allow you to order smaller quantities.
Don’t back down if they ask for a larger amount. Just explain that this is the maximum order you can make until you test the market. If they decline your business, go elsewhere. Don’t be forced to order too many units.
And please don’t rush ahead and order thousands of units!
There’s always a chance that you won’t be able to sell your stock and then that leaves you with a bunch of products you can’t sell.
And that’s a waste of cash and products!
So, take it one step at a time and make sure all the factors are aligned and keep your emotions in check.
Need Help Selling on Amazon?
Final Thoughts on Terapeak:
To conclude, Terapeak is a solid product research tool you can use for e-Commerce business, especially now that they include sourcing and search engine optimization services.
I highly recommend this product to anyone who wants to sell items online and build an eCommerce business.
There’s really no limit to how far you can take this kind of business!
And if you want to learn more about building websites, and how to earn money with affiliate marketing check out my free email training series below.
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