For every entrepreneur, it is crucial to know the best-selling products that can boost their business. But the reality is that it is a hard nut to crack to find that hot-selling product. Product research can sometimes extend over several days or drag on for exasperating hours.
However, with the help of tools like Terapeak, you can simplify the process and find beneficial products to purchase on eBay. In this article, we will teach you how to use Terapeak to search for best-selling products.
Let’s learn it step by step!
What is Terapeak eBay?
Before learning the steps of Terapeak product research, we should understand Terapeak. It is an eBay analysis tool for researching products. This tool analyzes eBay’s stock, market demand, and pricing structure of the hot-selling products. It is very helpful in determining what product to sell at the best price.
There are two primary tools offered by Terapeak:
- Terapeak Product Research/Analysis.
- Terapeak Sourcing/Supply Chain Insights.
1. Terapeak Product Research/Analysis
This tool enables you to see the real sales data of millions of products sold on this platform. It helps you see the average selling cost, quantity of products sold, and sales trend throughout the year.
Further, it provides you with a lot more about all the products. A seller can get a good idea of hot-selling items to sell on eBay by analyzing this data easily.
2. Terapeak Sourcing/Supply Chain Insights
Terapeak Sourcing/Supply Chain Insights tool helps you find the categories of the product with their demands. So that you can make better decisions in the future to understand the selling items on eBay.
It gives you information on the volume of searches, active listings, click-through rates over the year, top listings, and more.
Why You Should Use Terapeak?
The first reason why you should use Terapeak is that it provides instantaneous access to all the collections of eBay listings. Further, it allows you to recognize hot-selling products to make your own list with better research.
In this way, you can analyze all the useful data in the same platform. This saves your time and gives you streamlined market research. You can also analyze the best-selling items in other countries by Terapeak and expand your business globally.
Is Terapeak Free?
Yes, Terapeak is free to use for businesses to find best-selling products on eBay.
How to Use Terapeak on eBay for Finding Best-Selling Products?
We will guide you on how to find the hot-selling product by using Terapeak free. Follow these steps:
Step 1. Search Product by Terapeak Product Analysis/Research Tool
You can discover products to sell by using the Terapeak Product Analysis or Research tool, entering a keyword or any identifier such as: for a few seconds:
- UPC (Universal Product Code).
- MPN (Manufacturer Part Number).
- ISBN( International Standard Book Numbers).
- EAN (European Article Number).
- eBay Product ID.
Using long-tail keywords can also clarify your search and will give you products with low traffic and difficulty. For example, if you want a leather jacket, you will write “men’s black leather jacket with hood” instead of “leather jacket.”
A long tail keyword will give you listings with total keywords present in it. Like, you will see all products with men’s+black+leather+jacket+hood.
If you add “OR” in between the products, it will show more of it. For example, “Leather jacket in (black OR white)” will show men’s leather jackets in black and white color.
Step 2. Adjust Filters For Better Search
You can use the filter options found at the top of the search results to improve your search results by excluding all the unnecessary products.
- Select the time for the data required, for example, “Last 10 days” can give you results of the last 10 days. You can even find one year of sales data by doing so.
- Choose the price range. When you choose the price, consider eBay fees, product costs, and shipping fees for a profitable business.
- By selecting “condition filter” you can select “Used” for Preloved products. Further, choose the “Format filter” down there, and add more filters like fixed pricing, auction, or Top bid accepted.
Step 3: Examine the Search Data
Terapeak has two types of results
- Active (active listing)
- Sold (sold items)
Furthermore, the items that are sold will show eight metrics: Average Sold price, average shipping, free shipping, total sold, etc. The active listing will show metrics like standard listing price, free shipping, and more.
You will see different graphs for the trending products, which show their popularity over a particular time. Further, it one of the great business ideas to analyze your search data before implementing it.
Step 4: Execute Supplementary Category Research
You must have the accessibility to Terapeak Sourcing Insights for this research. It was a paid version, in which you will see the search volume, active listings, and the search-to-listing ratio of your favorite products.
You can identify which products are sold in a large number by calculating the sales rate. A higher rate will show a high number of products that are sold. If you select the categories, you will find more details about the products.
You will find filters to clarify your search for example All Formats will allow you to select either Auction or Fixed price format. All Conditions filters will allow you to choose whether the products are new or used. You will see three types of graphs below these filters:
- Click-through rates: This graph shows how many times a product is clicked and it helps you show the trending products.
- Total Listing Over Time: It shows the number of listings throughout a period of time.
- Total Items Sold throughout Time: It shows the quantity of items sold over a particular time period.
You can also see Top Opportunities and Top Listing graphs that help you examine the products that generate good results.
The Closing Note
If you want to be a successful seller, use Terapeak product research tools to save your time and get profitable results. İn this way, you can earn more money on eBay and hit the jackpot. Furthermore, you can order the hot-selling items in bulk from China and start selling them to earn more profit.
So, the wait is over. Get up, find the trending item to sell by our step-by-step guide, and start your eBay drop shipping business now!
