Some time back, I purchased a month of Cyber Monkey Deals, a new service to help Amazon sellers source products. I made the purchase strictly to be able to review it honestly, as I knew we pretty much have our sourcing covered for our business.
I intended to write the review right away, but as my health took a downturn, I put it on the back burner. Today I’ll finally get this review off my to-do list!
What is Cyber Monkey Deals?
From the website:
Cyber Monkey Deals is a fully automated online sourcing service that scans retail store websites to compare retail store pricing on thousands of products per day to Amazon retail prices. Everyone (subscibers) receives random leads from the pool of profitable products, which means everyone gets a unique set of products and less competition for each product.
Cyber Monkey Deals says it will do the job of online arbitrage for you, and that’s exactly what they do. You purchase a subscription (they have 3 tiers with different price points), and each day when you pop over to the site, you’ll see product deals waiting for you according to the particular subscription you’ve purchased. (I bought the Deals 10 Plus for $50 a month, but there are less expensive options.)
Each product listing in your feed has all the info you’ll need to make a quick decision as to whether you want to click through and make a purchase.
You’ll see the Amazon sales rank, the Buy Box price, the FBA price, the merchant fulfilled price, the rank and category, and how many offers there are currently.
Cyber Monkey Deals has also done the profit calculations for you. Right away you’ll see the sale price, cost, FBA fees, net profit, ROI, and margin percentage.
If you want to dig a bit deeper, it’s a click of a button to be taken to CamelCamelCamel, Keepa, and Price Zombie. You can also click to immediately see the sold listings on eBay or to do a Google search.
It’s really just that easy. There are no secret tricks you need to know. It’s laid out for you in black & white. Incredibly straightforward and simple.
Is Cyber Monkey Deals for you?
I think that depends upon who you are and what your business model is.
Are you a new Amazon seller who is just starting out and is struggling with product sourcing?
Yes. I absolutely think you could benefit from this great service for two reasons.
1. The obvious… it’ll help you find products to sell. You go to the website each day, and there you’ll find a list of products waiting for you to consider.
2. You’ll be introduced to things you’ve never even thought about buying. One thing I think holds sellers hostage is that they get in a rut. Quite naturally, you look for things that you personally know, or use, or see in the aisles of the same stores you visit day after day.
When I used the service for a month, I was led to all sorts of things that otherwise would probably never have crossed my mind. And, when I clicked on those products in Amazon, guess what? I was able to click around through the “customers who viewed this also viewed” links to even more purchasing possibilities.
Are you a more experienced Amazon seller who manages your inventory by sourcing online?
I think it’s a no-brainer. You really need to try Cyber Monkey Deals. You can cancel at any time, or change your subscription plan if you want. It’s really no risk, so you have nothing to lose and potential new products to gain.
There is a 7 day free trial after you register. I think that’s more than enough time to make a decision for your business as to whether this is a good fit.
No matter which subscription plan you choose, you’ll also get “The Daily 3.” Every day, 3 new products will populate your Cyber Monkey Deals feed that are essentially little gifts. They often have fairly high rank, but remember what I said about clicking through and going on a discovery mission? These are totally great for just that purpose, even if you choose not to buy the actual product shown.
I honestly have nothing bad to say about Cyber Monkey Deals, especially for new and online arbitrage sellers. Gun to head, the only thing you might find even find the smallest challenge is the web design. While the product listings are, as I said, wonderfully easy to navigate, the green background may make you feel a little like you’re on a cruise ship in choppy water. 🙂
(Don’t hate me, Jay Bayne! You’re a product-sourcing rock god!)