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