I talk a lot about eBay research on my blog, and for a good reason – I strongly believe that doing proper research BEFORE you invest your money in any product can save you from costly mistakes, the most common being when you can’t sell your products due to the price being too high OR simply because there’s not enough demand for the product you have sourced.
There are situations where doing product research is a bit tricky, due to there being many variations, styles, models etc. So in today’s post let’s try to resolve this problem and take a closer look at how to do Terapeak research for products like these.
Firstly, can I just say that your blog is great! Things I like are not only the information but also it seems to be UK focused which is a good niche as so many of these type of blogs are all US focused which is ok up to a point, until they start recommending US wholesalers/freight forwarders etc. and general U.S market focused tips so you’re in a good niche.
I hope you don’t mind answering questions. I will probably buy one of your courses as they seem reasonably priced but to be honest so many people are out there selling “make money on eBay/Amazon” courses that I can’t help but feel that the market is too well known and over exploited. But then again I definitely overthink things, as you will see from my question.
Anyway, sorry, I will get to the point. I was reading your “Best Products To Sell in 2016” post and it was good to see a clear process. But one issue I have is how specific do you have to be when crunching the numbers on Terapeak?
For example on my spreadsheet of product ideas I might have “men’s wallets” but there are tens of thousands of listings for men’s wallets on eBay, priced anywhere from £2 to £50. Just writing “men’s wallets” into Terapeak will yield very broad results. Would it not be better to pick a product, men’s wallets for example, go on eBay and click on the product listing description then put all of those product listings into Terapeak to find the best one? But even that seems a bit random and long winded.
So in summary how do you go from a general product category to discovering how to “niche down” to men’s, black leather, double fold with card holder as the product to sell? Or even what to put into Terapeak for the best stats?
Hope this makes sense.
Thanks for your email & question.
Yes, men’s wallets is a classic example of a situation where you struggle with getting proper, targeted results doing Terapeak research.
If you simply search for “men’s wallet”, you’ll get results from ALL listings that have the keyword phrase “men’s wallet” in the listing title. This means brown, white, black wallets. Leather, wooden, plastic wallets. Big, small wallets. Plain colour, patterned and customised wallets. [Read more…]