Terapeak is the Best for Pricing and Sell-Through Rate on Ebay
Use Cases and Deployment Scope
I have used Terapeak to sell some surveying equipment on eBay for my employer. Since the items we were selling were very technical/specific, I did not know how to price them. It is easy to determine what these items cost new, but I did not know how to price them used so that they would sell. Terapeak helped me to determine a good price so that my company got a good deal, but the items moved. Since we had a lot of products to sell, I also helped a couple of coworkers to use the software. We had the business account, so we could have multiple users at a very reasonable cost (about $20/month for what we needed).
Pros
- Gives accurate comparable sold listings to determine pricing.
- Aggregates sales information well, so I do not need to scroll through pages of listings.
- Helps with determining shipping/whether to turn on free shipping or not.
- Helps with sourcing and deciding whether to pay up for certain items.
Cons
- I wish I could use Terapeak outside of eBay. Why can't I use it with other platforms like Mercari, Poshmark, etc.?
- I don't like that I have to pay for this feature. Other selling platforms provide their sold information free of charge.
- It feels antiquated. I need to click through many menus and tabs to price items. I wish it would automatically move me through the pages, instead of making me fill out the information, then hit "next" or "enter."
Most Important Features
- Aggregate sold information to determine pricing.
- Sell through rate to determine how long we should expect to hold the item.
- Business pro for multiple users!
Return on Investment
- We have saved time by using Terapeak for pricing. We did not price our items up too much but made them competitive with the market.
- We made more money using Terapeak than we would have without it because we did not under-price items. Terapeak gave accurate comparable sold listings.
- One negative impact was simply the cost. It was about $20/month and was set up to auto-renew. We forgot to cancel our membership and accidentally paid for a service we weren't using.
Alternatives Considered
Webgility, Price2Spy and Jungle Scout
Other Software Used
Price2Spy, KBMax, from Epicor, Prisync