For many Amazon sellers, the biggest ongoing issue they face is figuring out how to expand their existing profit lines to grow their business and increase profits. A new market intelligence tool, ProfitSourcery, provides its customers with unique daily lists of products which can be bought and sold on Amazon for a profit.
Where can I source new products?
Online arbitrage (buying from online retailers at a low price and selling on any marketplace at a higher price) is a straightforward way to find and test new products. The difficulty is finding products which are low enough in price to make you a profit after fees. This is where ProfitSourcery can help. We find that only one in every thousand products we analyse meets our criteria.
How does ProfitSourcery work?
ProfitSourcery searches millions of products from thousands of online retailers and compares the retail price against the current selling price on Amazon. It then picks out the products which can be sold for a profit after Amazon’s fees.
Each Merchant subscriber then receives a daily list of profitable product opportunities with margins ranging from 30-75%+ after seller and FBA fees.
ProfitSourcery customers receive a randomly assigned list of products which could be from any of the selling categories on Amazon. This allows users to gain insight into product lines they have no experience with. It doesn’t matter if you know nothing about popular children’s toys at the moment; ProfitSourcery will show you which ones are selling and where you can buy them at a lower price than they are currently selling for on Amazon. All that is left for you to do is decide which of the opportunities are best for your business.
The ProfitSourcery Dashboard
ProfitSourcery customers see all of this information displayed in one place for every product on their dashboard. This saves time switching between pages on the web trying to put together the bigger picture.
Making smarter buying decisions
Every product in the ProfitSourcery dashboard is displayed alongside all the information sellers need to analyse the opportunity and decide whether it is right for their business.
- The category the product is listed under – Restricted categories are highlighted so you will never accidentally buy something you cannot sell.
- The buy price and the sell price.
- Profit margin as an actual and as a percentage (after Amazon fees) – ProfitSourcery calculates the profit margin after Amazon fees including FBA fees.
- The sales rank at the time the opportunity was sourced and its position within its category.
- The product dimensions– This makes it easy for you to take into account the shipping and storage costs involved.
- Competition information regarding current sellers.
- A fee calculator which breaks down the Amazon fees involved.
- Links to historical sales rank and pricing information via CamelCamelCamel.
Related: Amazon FBA Product Sourcing: How to Source Winning Products
