My guess is that you probably have two versions of Python or downloaded the wrong module.

1)Wrong Module:

pip install term color

It will install a different module. To fix it, install the correct module:

pip install termcolor

2)Two-Versions

If you have two versions of Python, you need to specify it:

i)Two versions of Python 3:

If you two versions of Python3, specify:

pip3.x install termcolor

ii)If you have Python 2 installed:

If you have Python 2 and 3 installed, specify it, as pip works for Python2, and pip3 works for Python 3:

pip3 install termcolor

If you have only Python3, or in simple words only one version of Python, You can follow the first instruction.

The error:

ImportError: no module named termcolor

Means you have not installed termcolor. Here is how you install it for Ubuntu:

sudo apt-get install python-pip
sudo pip install termcolor

The exact command to install it for your linux distribution will depend on the package manager. When you're done with that, put this in a python script to make sure it works:

#!/usr/bin/python
from termcolor import colored
print colored('hello', 'red'), colored('world', 'green')

The script should print hello in red, and world in green. Then you know it is installed.