For a cheap one, just about anything is the next-step-up. There tends to be a correletion of quality to size too. FOr basic lower accuracy voltage readings this meter will do the job, but being small there are the usability, readability, durability issues as well as precision at other measurements.
Prices can go quite high, "good" depends a lot on the budget. For example, Fluke are good but typically in the >$100 range. A local hardware store, or superstore, Radio Shack and Sears have some in the $20 and up range.
THen there's features... far too many variables involved, making it hard to just make a random suggestion like that Protek is usually a good value, or that a Sears 81437 (but not the others) is a rebadged Fluke.
Mainly,
in my opinion this meter just cuts too many corners, with a less durable construction and less factory calibration, smaller, shorter lived battery, tiny display and fragile probes. Even ignoring technologies involved the cost limits the amount of raw materials like plastic and probes. Even a low-end model that most professionals would turn their nose up at like
this would be worthwhile.
Best value is probably picking up a Protek, aforemendioned Sears, Extech, Greenlee, Fluke, BK, Meterman, et al on ebay... depends on how long you look and the budget in addition to "needed" features.