I really hope you had a great holiday and are ready to make 2015 THE BEST year in your online business! I will certainly be aiming for that myself! 🙂
I have some exciting news to share with you today – about a new version of the world’s BEST eBay research tool – Terapeak.
The new version of Terapeak has actually been live for a few months already but some of you may not be aware of that because old/established Terapeak accounts haven’t been upgraded to the new version yet. Terapeak has informed me that this will happen within next few weeks.
If you’re new to Terapeak and open an account now you’ll automatically get the new version straight away.
As with any website/software change, there’s a small learning curve involved but I hope that this short overview of Terapeak 2.0 will help you make an easy and painless switch.
Let’s get started!
The first thing you’ll notice is the totally new, modern and sleek look and feel of the new Terapeak website. Just take a look at these two screenshots showing before and after and you’ll instantly see what I mean:
As with all new design interfaces, it is confusing at first… you don’t know where your favourite research tools are and everything just seems messed up. Even for myself, when I first saw it, I thought “what the heck! I don’t like this, it’s all screwed up!”
It’s mostly a psychological thing – as with any such re-design. It happens with pretty much any site you use often, be it eBay, Facebook, Gmail etc. – whenever there’s a redesign it’s very difficult to get used to it initially but after a while, your mind adjusts and you don’t even want to old version back.
I can fully understand why Terapeak made this switch to a new platform – the old system used very old, outdated technology and was heavily based on Flash. The new Terapeak doesn’t use Flash which means it will work perfectly on any device, including tablets and mobiles.
Also, it’s worth mentioning that this is a responsive design now so will perfectly match any screen size without losing its functionality, as you can see below:
After the initial shock, I started digging deeper and quickly found out that I actually like the new version of Terapeak much better, mostly because of the improved research speed. As you know, in the old version, when you did 90 day research for a popular item, it could even take several minutes to compile and present the data! From my experience so far, I’d estimate that the new version is at least twice as fast, which is a huge result!
While for many of you this may not seem that important, when you start doing extensive research, you’ll know how wasteful it is to have to just sit and wait for minutes at a time for results to come up. So increased speed is definitely the number one reason why I like new Terapeak better.
Also, with the responsive design and no Flash, we can now finally do proper research on iPhones, iPads and other mobile devices. This can be very helpful for people who work with used goods as it allows you to get proper research data on the go – while at a wholesaler or buying a job lot from a car boot for example.
The only thing that I’m not too keen on is that the main Product Research tool has moved away from the homepage and is now located under In-Depth Research tools. Previously, you just logged into Terapeak and could enter a product search and simply hit that Go button to start your research.
Now, you have to click on In-Depth Research and then Product Research to land on that page. So it’s two extra clicks:
1) You can add a shortcut in Terapeak itself. This way all you have to do is slide your mouse over the left-hand side floating menu and instantly click on the Product Research tab, which means just one extra click.
2) You can simply bookmark the Product Research tab as your Terapeak bookmark in your browser so each time you login into Terapeak, you’ll automatically land on the Product Research tab. No extra clicks needed! 🙂
So not a big deal really! And even if you have to make that one extra click, the super fast speed Terapeak now runs at will make it unnoticeable.
Plans & Pricing
They have totally changed the plans and pricing structure and luckily (and unusually) for us – in a good way! Previously there was a complicated subscription system where you had to select which regional eBay sites you wanted to sign up for and a complete package for all eBay sites was very expensive ($600 per year if paid monthly).
Now, it’s much simpler AND more importantly – CHEAPER!! Yes, prices have been reduced by 50% and even more if you go with the annual plans, which are now extremely affordable:
- My Sales
If you’re serious about your eBay business, you want to go with the Professional plan as only that plan includes competitor research which is my 2nd most used Terapeak feature.
Also, only with the Professional plan can you get data for 365 days (not just 30) as well as Amazon research data.
At $29.95 per month it may seem expensive, but it’s really not when you consider what you get in return. Plus I would always recommend that you go for the yearly plan which offers a huge further saving of 50%!
With yearly billing on the Professional plan, you get the complete Terapeak package for less than 10 quid per month, which is amazing!
There are really no more excuses for not using Terapeak for your eBay research activities as they have really made it affordable for everyone with the new pricing structure. And remember – you still get to try it out for 7 days – absolutely free!
I don’t want to sound harsh, but if you can’t invest £10 per month in such a crucial weapon for your eBay business, then chances are you simply aren’t ready to make it work on eBay at all.
There are actually not many changes, feature wise, within the new Terapeak. All of the old functions are still available and work exactly as before, just the design and layout has changed. However, there are 2 brand new features that have been added:
- Find Products. This is a new function that searches for best selling products (based on sell-through rate and sales volume) based on the keywords and filters you use. I have played around with it for some time and it can be a great to find new/hot products in specific categories.
This function is especially helpful for people who are just starting out and are working on the niche research process.
- Worksheets. This function is also new and allows us to create some sales projections based on the sales history for any item you’re researching.
I’m sure there will be more functions added in the future, that’s probably part of the reason why they needed to create this new system in the first place – to be able to easily add new features and functions as time goes on (the block interface of the homepage clearly indicates that, at least).
If you’re switching from the previous Terapeak version, really the most important thing to keep in mind is that the old homepage is now located under the In-Depth Research tab, which includes Product Research, Competitor Research and Hot Research.
Once you get to that point, you’ll know exactly what to do.
Ok, that’s about it – a quick overview of Terapeak 2.0.
Remember, if you’re just signing up to Terapeak now, you don’t have to do anything – you’ll automatically get this new version by default. On the other hand, if you already have an account, you’ll have to wait till Terapeak rolls out the update to all accounts (which should happen any time now).
Overall I’m very happy with the new software, mainly because of the increased speed and mobile compatibility. Yes, it did take me a few days to get used to the new interface but I’m sure after reading this post you’ll be able to make the switch very easily, knowing where all your favourite research tools are located! 🙂
Many people have asked me for more detailed articles on how Terapeak works and some in-depth guides on making the most out of it and I’m actually very glad that I didn’t start working on this last year, as that would now mean that I would have to redo everything to reflect these changes.
But yes, rest assured that I will be doing more articles on Terapeak this year, covering each function in more detail and I will probably even do a few video tutorials as well.
To give you a little teaser, the first thing I have planned is a guide on Competitor Research as I believe it’s a hugely powerful tool that most people over-look. So stay tuned for more Terapeak guides, which are coming soon!
P.S. How’s everyone getting on with their New Year’s resolutions? I hope everyone is on track, with it only being the 5th of January!!! 🙂