Today Im doing a review of the new Profit Penguin software.

Today Im taking a look at a new software called Profit Penguin. So what exactly is Profit Penguin? Simply put Profit Penguin is arbitrage software.

Now for anyone who does not know what arbitrage is. In a nut shell it is the process of getting someone else to do your work for you. For example, when I was a freelance developer often people would hire me to do their work for them. They had a software project that they were hired to do by a client. The outsourced the work to me at a lower price than what the client was paying them. Their profit was the difference between what I charged and what their client paid. This is arbitrage and this is what Profit Penguin helps you to be able to do.

Now when I was freelancing and was involved in arbitrage I was actually on the wrong side of it. I was the one doing the work. While there is nothing wrong with being a worker or with working hard there are some problems with it if you want to make a lot of money. The problem is that when you are the worker you are always limited to the number of hours you can work. This is because you are in effect selling your hours. When you have other people doing your work for you there are no limitations since you can always just add more people to your work force. This is actually why people who own business’s and have employees make more money than people who have jobs. Its because they have other people making money for  them instead of them making money for other people.

Another big advantage of arbitrage and getting other people to do the work for you is that you don’t actually need the skill set required to do the work. For example, the people hiring me on the freelance sites did not need to be expert software developers because I was and I was the one doing the work. Their only role was to acquire the jobs and then send the job to me for completion. Arbitraging work to other people not only allows you to make money of other peoples labor but it also allows you to make money off of other people skill set. So not only are you not limited by your working hours but your not limited by your ability either since its someone else’s hours and abilities your really selling. Your just keeping the difference between what you charge the client and what you pay the worker. This is not a new concept. This is basically how every business owner makes money.

Of course for this to work you need to be able to a) find people who want to get work done and b) find people who want to do the same work. Also there needs to be a difference in what a) wants to pay and what b) wants to charge. This is where the Profit Penguin software comes into play. It allows you to quickly find people who want to hire someone to do a job and then find people who want to do the same work for less money.

In my first test I used the software to search New York, New York for the word “logo”. In about 10 seconds I found a person willing to pay $250 for a logo to be created. In another 10 seconds I had dozens of people from Fiverr willing to create a logo for $5.

It does not take much to see the profit potential here. In under 30 seconds I had a potential to to earn a $245 profit. Best of all this was just one search term in once city and one state. There is a lot more things to search for besides ‘logo’. You can look for jobs on things like voice overs, copy writing, editing / proofreading, any kind of graphics work, SEO work, basically anything that can be delivered online.

Now I will be honest this is not the first arbitrage software I have reviewed and while I really liked the other one I tested last year Profit Penguin takes it to another level. In the screenshot above you can see me searching for jobs on Craigslist and searching for workers on Fiverr. But Profit Penguin is not just limited to Craigslist and Fiverr. It gives you four different sources of potential jobs. You can search Craigslist, PeoplePerHour, Guru and Project4Hire to find jobs. Also it gives you two different places to find workers. You can choose from Fiverr and SeoClerks. More places to search means more job potential and in the end more money.

The software is very simple to use and understand and while there are video tutorials included I personally did not watch them. I did not need to and honestly I don’t think anyone really will need to. Profit Penguin is easy enough to use that I can honestly say I don’t believe anyone will have any problems with it.

One thing I did notice though is that there was no way to contact support in the software itself. As anyone who read my blog for a while knows this is something that I really frown on and I mentioned it to Bill in a Facebook chat. His response was prompt and satisfying.

What he responded with and what he said in the voice message was that he agreed there should be an way for customers to get support in the software and that it would be take care of in the next 20 minutes. There was no complaining and no excuses. Sure enough when I checked back 20 minutes there was a support email in the footer of the software.

Now I wish they had added a contact form or a ticket system but at least they added the support email address.

I also noticed that the user interface could have been done a little more efficiently. For example there does not need to be two search bars on the left and on the right. Your never going to search for people wanting work done in one category and people doing work in a different category. For example you will never search for people wanting a logo created and at the same time search for people wanting to do voice overs. This would make no sense. Because of this you dont need two search bars, one that works for both sides would do.

Also I noticed there is no way for you to edit your account info. You cant change your log in email address nor can you set your log in password to what you want. This is very surprising. I have never seen a software that did not let you edit your account information. I mentioned this to Bill as well and while he said he would have it added at the time of this writing it still was not.

Besides these minor things that could be improved over all the software was quite good. It was easy to use and worked as it should.

So who do I think this is going to be good for? Well honestly if you are already making money online then you might not want to do something totally different. You might instead want to devote your time into expanding what you are already doing. However if you are still looking for a way to get started making money on the internet then this is something that you should very seriously consider.

I know for a fact that arbitrage works because as I said, when I was freelancing people used me to do the work they where arbitraging. With a system like this you can make money not only off other peoples labor but also off of other people skill set. You don’t need to be a SEO expert or a graphics designer or a copywriter because your not doing the work. Your job is simply to find people looking to hire and then outsource the work to people looking to work, keeping the difference in pricing as your profit.

With its ability to search multiple sources of projects and not just Craigslist Profit Penguin is going to make it much more easy to find people looking to hire as well as find low cost workers to arbitrage to. Because arbitraging work is a age old and proven way to make money and because the Profit Penguin software makes it more easy to do in the online space I firmly believe it is a good investment for anyone looking to get started with making money online,

NO LONGER FOR SALEA quick note about the reviews I do on this site. The product vendors give me access to their products for free in order for me to do my review. However I make no promises to them regarding the results of my tests or what I will write in my review. Should you click a link that takes you to a sales page for a paid product for sale this link will be an affiliate link and I will be paid a percentage of the sales price should you decide to invest in it.

About the Author

Brett Rutecky

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Brett Rutecky is a full time online marketer, web developer, and entrepreneur. He has developed scores of Facebook apps, dozens of custom web sites and hundreds of scripts.

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