EBay Product Research: Terapeak
One of the biggest challenges facing new dropship businesses is product research. Taking the time to adequately research market niches and product (lines), you’ll ensure that you are engaging in one of the most critical Dropship Business Best Practices. This will ensure that you identify products to dropship that are in demand and Terapeak is the industry-standard dropshipping product research tool.
You can have the best dropship widget business on the planet complete with the best Dropshipping Wholesalers, a great margin allowance, a seamless fulfillment system and excellent customer service. If no one knows about or wants your products, you’re in trouble. Terapeak makes this extraordinarily easy. A Terapeak account will give you access to 90 days of eBay sales history – over 500 million closed listings. You’ll be able to determine (about products, product lines, categories, etc.):
- Sell-through rate: Are these items selling online now? This is critical information.
- Average closing price: Compare this to the wholesale prices you expect to pay for your products.
- Listing type: Are these products selling through better and/or at higher prices on auction listings or buy it now listings?
- Keywords: What keywords/keyphrases are used most frequently in searches for these products.
- And much more.
In addition, Terapeak brings together more than two years of category trends. You can search historical or seasonal trends and much, much more.
The bottom line is that Terapeak is one investment any dropship business should not and cannot do without.