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Caerphilly start-up ProfitSourcery aims to make it easy to make money online

Published in Business, News at 12:00, Tuesday May 19th, 2015. Last updated at 12:15, Tuesday May 19th, 2015

By

ProfitSourcery co-founders Adrian Walker and Ed Brooks

ProfitSourcery co-founders Adrian Walker and Ed Brooks

Making money online – it is the dream of many would-be entrepreneurs and a new Caerphilly-based company is aiming to make it a reality for thousands of ordinary people.

ProfitSourcery has developed software that searches through millions of products from online stores.

The system then provides ProfitSourcery members with a list of items they can sell for a profit through online retailer Amazon.

It makes money by charging members a monthly subscription fee.

The company, based at the Welsh Innovation Centre for Enterprise, on Caerphilly Business Park, claims that people buying and selling goods using its system could make a 30% to 75% profit.

The company is the brainchild of tech entrepreneur Ed Brooks – whose previous company won ‘Startup of the Year’ from ESTNET, the Electronic and Software Technologies Network for Wales.

Ed said: “ProfitSourcery has been almost two years in the making. Our team of talented developers and coders have worked relentlessly to bring our system to market and we are proud to be the first market intelligence tool of our kind in the UK.

“A lot of people don’t realise they can sell on Amazon, but more than 40% of all products sold on the world’s biggest ecommerce site are supplied by individual traders and businesses rather than Amazon itself.

“One of the main reasons we created ProfitSourcery was because we realised how easy the Fulfillment by Amazon (FBA) service made it to sell products and make money online. It’s a great opportunity for anyone to really make an additional income stream from the comfort of their own home.

“Our system and training support can help anyone set-up an Amazon store.

“It sounds too good to be true but it’s based on a very simple idea – comparing big data sets. Everyone talks about big data and this is a perfect example of how people can benefit from actionable intelligence generated from big data techniques.

“We have a robust selection process that helps ensure that the lists of products make a substantial profit after seller’s fees. Only one in every 1,000 products that we search meets the criteria.”
ProfitSourcery is keen to stress that its system is not a “get rich quick scheme”, but will allow people to earn extra money to cover household bills.

• For more information visit www.profitsourcery.com.

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  • http://wealthandrichesinfo.com Daniel

    this is a good information, i have being looking for a way to make money on amazon, may be i will try to see if it can work thank you for information

    http://wealthandrichesinfo.com

    • Dean Cooperfield-West

      It is a terrible idea! You can sell on Amazon without this website helping you. Pick an area of the market, buy stick, list the items, and sell. Amazon always shows the cheapest possible price someone is selling for, so the more people who attempt to sell on Amazon will inevitably lead to crowding out which will force down the price of an item making selling on Amazon more difficult.

  • http://wealthandrichesinfo.com Daniel

    this is a good information, i have being looking for a way to make money on amazon, may be i will try to see if it can work thank you for information

    http://wealthandrichesinfo.com

    • Dean Cooperfield-West

      It is a terrible idea! You can sell on Amazon without this website helping you. Pick an area of the market, buy stick, list the items, and sell. Amazon always shows the cheapest possible price someone is selling for, so the more people who attempt to sell on Amazon will inevitably lead to crowding out which will force down the price of an item making selling on Amazon more difficult.

  • Ziv Bass Specktor

    What a great idea!

    Making money online is definitely the way for many people to secure their future and become their own bosses.

    For those that liked it too and search for more ways to make money online there’s a new and exciting site called http://www.byebosses.com

    This is the First and ONLY site in the world that offers a free professional self test, that diagnoses your abilities and tells you the best categories for you to make money from home at.

    Not only that, the site offers free courses in all of these categories.

    Enjoy making more money!

  • Ziv Bass Specktor

    What a great idea!

    Making money online is definitely the way for many people to secure their future and become their own bosses.

    For those that liked it too and search for more ways to make money online there’s a new and exciting site called http://www.byebosses.com

    This is the First and ONLY site in the world that offers a free professional self test, that diagnoses your abilities and tells you the best categories for you to make money from home at.

    Not only that, the site offers free courses in all of these categories.

    Enjoy making more money!

  • Edward

    Not a great idea? Why?

    If it becomes popular then the idea becomes flawed when open
    to other people.

    As a Dragon in the Den – I’m out :(

    • Dean Cooperfield-West

      What on Earth are you talking about?

      • Edward

        If one person signs up, then the business intelligence that the software provides is beneficial. Although, as a Market Trader on Amazon, you don’t require it.

        If loads of people sign up, then the business intelligence this software provides is self-defeating. Potentially, you will have them competing against each other. And you would have had to pay for the privilege of this market intelligence.

        Would you invest in this product? Does it have longevity?

        • Peter E

          Agreed with Edward. If indeed it works at all.Once the market becomes saturated with sellers. Instead of selling their methodology, why dont they apply it themselves.

  • Edward

    Not a great idea? Why?

    If it becomes popular then the idea becomes flawed when open
    to other people.

    As a Dragon in the Den – I’m out :(

    • Dean Cooperfield-West

      What on Earth are you talking about?

      • Edward

        If one person signs up, then the business intelligence that the software provides is beneficial. Although, as a Market Trader on Amazon, you don’t require it.

        If loads of people sign up, then the business intelligence this software provides is self-defeating. Potentially, you will have them competing against each other. And you would have had to pay for the privilege of this market intelligence.

        Would you invest in this product? Does it have longevity?

        • Peter E

          Agreed with Edward. If indeed it works at all.Once the market becomes saturated with sellers. Instead of selling their methodology, why dont they apply it themselves.