Update on my sales for Nov 2016. Once again, my best month to date, in terms of sales figures 😀 But unfortunatly, take note that sales figures can be misleading. Sometimes, it can feel like an uphill struggle to increase nett profit.
Snapshot from Amazon Seller Central for the month of Nov below. All figures are in USD unless otherwise stated. Grand total of $11,449.37 product sales for the month of Nov 😉
All thanks to Q4 and Cyber Monday! I had my best day on Cyber Monday, it was over 1K USD in sales!
My Amazon Payout : $7,777.19<— This is the amount I am credited after deducting all relevant fees.
COGS : $5,098.56 <— This my COGS. This also includes the prep and shipping cost of each of the items from my wholesalers.
FBA Cost(Advertising cost, Shipping Cost to FBA Warehouses, Seller account subscription) = $320.07
Reimbursement : $268.65 <— This is usually reimbursement for stuff like warehouse damage, etc.
Refund : $206.98 <— Customer refunds.
Nett Profit = Payout – COGS – FBA cost – Refund + Reimbursement = $2,420.23
ROI : $2,420.23/($320.07+$5,098.56) = 44.66%
Ouch, my ROI dropped. Though it’s just slight drop.
I’m still not entirely sure how to account for refunds. To be accurate, will need to find when the sales was made, and the amount I got, and minus off the amount I have to pay back to Amazon. That would meant that I have to trace each refund and account for it accordingly.
To make things simpler, I simply deduct the refunds off from the nett profit of the month the refund amount is taken from my account.
Oct Sales here.