Home › Forums › Buying and Selling › Selling on eBay › ebay to acquire Tereapeak
- This topic has 15 replies, 9 voices, and was last updated 3 years, 9 months ago by
sonia.
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12/13/2017 at 2:24 pm #28725
I never used tereapeak because I didn’t want to pay for it. Now it appears we won’t have to soon.!
https://community.ebay.com/t5/Announcements/eBay-Signs-Agreement-to-Acquire-Terapeak/ba-p/27858862
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This topic was modified 3 years, 9 months ago by
jamie.
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This topic was modified 3 years, 9 months ago by
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12/13/2017 at 2:40 pm #28728
I wouldn’t assume that terapeak will be free once owned by ebay. Companies in silicon valley don’t typically buy other companies just to give their products away for free, but do so in order to add new revenue streams.
But I would love to be wrong in this case!
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12/13/2017 at 2:42 pm #28732
Hm. okay. I just read the entire article. Looks like I may be wrong. Great!
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12/13/2017 at 2:48 pm #28733
I wonder if they’ll no longer allow non sellers to see Sold prices, at first thought that would be advantageous for sellers, less comparison shopping.
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12/13/2017 at 3:33 pm #28746
Here, Here Steven …
and shorten the time a buyer has to pay after an offer is accepted. We get cancellations at times and the buyer says outright, please cancel, I found either a nicer one or a cheaper one. Had one of those this week.
mike at mdc galleries
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This reply was modified 3 years, 9 months ago by
MDC Galleries & Fine Art.
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This reply was modified 3 years, 9 months ago by
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12/13/2017 at 3:06 pm #28737
Im confused. Terrapeak was just buying access to eBay data and making more than 90 days of it available to subscribers, right? What exactly is eBay buying? Just access to its own sales data?
Next I hope they buy one of the listing services and make that part of the subscriber package we already pay for. They should assume that Anchor and Premier Subscriptions are run by professional eBayers that need professional listing tools.
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12/13/2017 at 3:18 pm #28742
Yeah.. you are correct Jay, it was Ebay’s own data, but TP did a great slice and dice analysis of the data and also offered charting and graphing so you could see seasonal peaks, momentum trends and the like. Where Ebay just sold the “Sales History” to them and also WorthPoint.
That is why I said above that someone like T-Satt and others here that create and build spread sheets with haevy formulas may find that TerraPeak will do what they are currently doing only for them. I never knew if TP allowed customization of columns and the such. I did subscribe to it years ago and used it for about 6 months or a year [can’t recall] but found WP gave me what we needed and for less. Now, maybe a different story.
This could be interesting in the way many look at their numbers, sales through rates, velocity and such. We all will need to keep our eye on this and maybe give it a try and all compare notes after they start implement things. Probably will be a lot of information in the Winter Update also.
Mike at MDC Galleries
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12/13/2017 at 3:24 pm #28743
They probably won’t buy one of the listing services like SixBit, WonderLister, InkFrog and others because of the big push of those services to include cross listing on other platforms like Etsy, Shopify, Wix, and others. That is a big tool for those programs and Ebay would have to cull out a lot of code and neuter them to just provide tools for enhanced Ebay use. Just talking pure speculation here but wouldn’t make sense to have atool that allows a seller to have their own web site store and build SEO guidelines to push / drive traffic to the sellers own store [like we are getting ready to do] and away from the Ebay platform.
Again, just flapping my jaws.
mike at MDC Galleries
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12/13/2017 at 3:11 pm #28738
That is interesting and would be great. We have always used Worthpoint for description ideas and keywords and also the historical prices. But as Jay has always said, prices more than a year old don’t hold much value-use for him and Ryanne, but having a year’s worth of solds would be of interest to him.
We used WP because it was only $14 per mo. subscription back then and we have been able to keep at that costs. Terrapeak was about $25 to $29 if I remember correctly so we went with the cheaper and also did not have the interest in the newer more current items that TP seemed to focus on. They seemed to have data on mostly electronics, games, and stuff like that. Being a vintage hard goods store those stats did not hold much interest.
If Terrapeak will truly be free [part of our store offerings] and still offer all the tools they currently offer, then we will save money by dropping WorthPoint and saving that 14 per month WP fee. Great!! TerraPeak offers description analysis and suggestions for improvements, suggested key words, and stats that T-Satt and others would love. Let’s keep our fingers crossed.
Interesting that currently we get 90 days of Ebay history, TerraPeak offers back to a year and the WP is from a year back to about 7 years. One year would be sufficient and one would think that WP would probably loose a lot of subscribed members.Just thinking.
mike at MDC Galleries
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12/13/2017 at 3:17 pm #28740
it would be interesting if they only showed 1 year of data/solds to store subscribers. everyone else could just see 90 days. i’ve always thought that would be a nice perk for the people paying lots of fees!
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12/13/2017 at 3:29 pm #28745
I think you have mentioned that more than once over the past years. One would think that the more tools Ebay provides for the full time, professional sellers as you call them, that we would be even more successful and in turn they would flourish and hopefully have less issues from sellers and buyers alike.
I hope they don’t get the bright idea, that if they are going to provide “some things”, that like you say, Premium and Anchor would get the same tools and not break it up into tiers, like the shipping supplies. The more you pay Ebay monthly, the more tools you get access too and the longer the history of Sales will be.
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12/13/2017 at 3:26 pm #28744
it would be interesting if WP/ebay stats would give us internal store stats that were better than they are now, which is basically nothing.
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12/13/2017 at 4:15 pm #28751
I agree on all points. Hopefully Premium and Anchor stores would get the tools as part of the package for that store subscription. That would be worth having.
And anything that saves time. I love spreadsheets anyway, so I’m sure I would still tinker, but getting access to the data would be huge…
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12/13/2017 at 5:10 pm #28754
From what I have seen, nothing comes free with eBay. “Benefits” come and go with eBay. For example, the Seller’s Hub used to be for those with stores. If I recall correctly, it is now for all seller’s. Promoting our items should be something that happens automatically but instead they found a way to make more money from sellers by having promoted listings which sellers have to pay an extra percentage for in order to use. We used to have a choice as to how to have a sale, we are now forced to do Cross Promotions because it is the only choice given. If you read it closely, it is to eBay’s benefit and gives them a hand in how the sale pricing will play out. It also gives them a right to have a say about shipping costs. They intentionally do not alert a seller that they are entering into a Cross Promotions contract until the end in a link that says terms and conditions which leads to a document when clicked on and is placed right next to the launch button.
Just as the this new tool will provide merchants and marketplaces key data that may boost their business, sales, revenue etc. it will provide eBay with knowledge about its platform and business. As we all know from being sellers, knowledge about your business and the marketplace is powerful.
Bob Kupbens, Vice President of B2C Selling at eBay, says, “We are committed to being the best partner to our sellers as we look to create the most powerful selling platform. The integration of Terapeak’s functionalities into Seller Hub—from sales history and performance enhancement opportunities to price guidance and comparisons—will continue to help eBay’s merchants scale their businesses on eBay.” https://community.ebay.com/t5/Announcements/eBay-Signs-Agreement-to-Acquire-Terapeak/ba-p/27858862
Ebay is competing with Amazon, we all have seen what has been happening with Amazon (and how it has effected the sellers) as they push for dominance in e-business.
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12/14/2017 at 1:47 pm #28790
Here’s how I think it will play out. eBay will include enhanced Terapeak functionality for “free” with subscriptions. However, the subscriptions will increase in price, or the listing fees etc. will increase. This seems to be eBay’s current MO.
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12/14/2017 at 2:37 pm #28794
yup – pretty much every company works like this.
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