eBay have announced the scheduled expansion of the marketplace’s data and research tool Terapeak to give sellers “more insights” by the end of this year.
eBay shared the news at their annual sellers’ event, eBay Open with announcements of new tools aimed at supporting merchants’ businesses.
eBay say the move is part the company’s ongoing commitment to “creat[ing] the world’s most powerful selling platform.”
In December 2017, eBay acquired the marketplace’s analytics firm to provide additional capabilities to help sellers effectively manage their businesses on eBay.
The marketplace say all US merchants have access to Terapeak’s pricing insights in a new Research tab within Seller Hub. Terapeak provides demand and pricing data to help ecommerce sellers know what their product is worth, what they should source if they are looking to expand and how to competitively price their listing. Terapeak also provides sellers with up to one year of pricing data.