Amazon started as online book store and has grown to be the worlds largest online retailer.
ProfitSourcery increases margin proposition
Profit Sourcery, the online arbitrage software that scans millions of retail products a month to find those that can be sold on Amazon at a profit, have made some updates to their service..
Ed Brooks, ProfitSourcery CEO, told us “Thanks to all of our customers that got back to us telling us what they loved about ProfitSourcery – and what needed improving“, and went on to explain how they’ve increased their value proposition with greater profit margins and even more rigid verification of the sourcing opportunities that they surface to subscribers.
4X Minimum Profit Margins
ProfitSourcery have quadrupled the minimum profit markup of per opportunity after Amazon Seller and FBA fees from £2.50 to £10 per item. This means for each and every product you buy you’ll make a minimum £10 markup based on the cost price and current Amazon selling price excluding shipping.
An experienced Amazon seller now manual checks each product before it goes into ProfitSourcery’s system. They will look at all of the products to make sure that they’re perfect matches and not out of stock at the supplier at the time of sending opportunities through to you. Remember though that you will still need to check CamelCamelCamel to make sure it’s what YOU want to sell, but you will see far less out of stocks and no mismatches.
Expanded Sales Rank Profile
ProfitSourcery have had requests from customers to expanded the sales rank profile, including margin rich products that are outside of the top 1%. Products in the top 1% can be highly volatile; their prices may change quickly and the competition is high. This means there will be less competition and more stable prices for the products you see.
The good news is, despite the increased service offering and raising of minimum profit margins, the price of a ProfitSourcery Accelerator subscription remains unchanged. If you would like to try ProfitSourcery and test the stock sourcing opportunities they provide for yourself, a 7 day free trial is available.