Selling product through the Amazon marketplace is relatively simple … research items that sell, find a manufacturer that will make the items for you (and attach your branding if you’re a private labeller), negotiate a bulk price for producing the product and shipping it, and finally create a listing on Amazon that entices a customer to buy.
You’ll find many Amazon guru’s on social media espousing the riches available to those who successfully navigate the process – but listen closely and you’ll only hear them talk about sales, and seldom, if ever, mention profit.
You’ll have heard the phrase – turnover is vanity, profit is sanity!
In eCommerce that phrase applies perhaps more than in any other industry. It’s incredibly easy to get carried away by burgeoning sales, and at the same time ignore or minimize the costs involved in achieving those sales.
eCommerce sellers sometimes think they’re immune to normal rules of business, but they aren’t! Manufacturer costs, production costs, shipping costs, branding and packaging, advertising and marketing, not to mention staffing and office costs – all combine to make turning sales into profit much more demanding than at first it seems.
Profitizer’s app for eCommerce sellers has been built to give business owners a clear and accurate picture of precisely how much profit they’re making, so that fully informed business decisions can be made.
But the first step is to ensure that each product that’s sourced is profitable in its own right, so Profitizer have made available a FREE and simple product calculator, called Profitizer Profit Checker, which allows sellers to calculate how much profit they can generate from each item.
You can find it HERE, it’s completely free to use …. but if it tempts you to examine the true profitability of your entire portfolio of products, then check out www.profitizer.app.
A word from the author:
Our software Profitizer, is an app that makes it easier for eSellers to understand their marketplace profit & loss data from the top of their business right through to individual or grouped product profitability. For Amazon, eBay, Etsy and other marketplace sellers, Profitizer is “Profit and loss, made simple”.
Find out more: https://www.profitizer.app
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