Tools Of The Business : Using Joelister to cross list on eBay and Amazon to fulfill the orders – Part 2/2

Tools Of The Business : Using Joelister to cross list on eBay and Amazon to fulfill the orders – Part 2/2

After you clicked “Publish Listing”, you will be redirected to the Amazon Inventory page again. There will be a message indicating that your item is being listed. I happened to encounter an error when I tried to list. Tried with 3 different SKUs. Got Error [240], but the link wasn’t very useful when I check it out. Next I click on “pay now” and realised that the error was because I had pending Ebay fees.   This is what I don’t get : My eBay fees should be automatically deducted from my…

Tools Of The Business : Using Joelister to cross list on eBay and Amazon to fulfill the orders – Part 1/2

Tools Of The Business : Using Joelister to cross list on eBay and Amazon to fulfill the orders – Part 1/2

As part of my plan to creating another stream of income on eBay, I started my Joelister trial. For PAC students, head over to your account on http://www.mysilentteam.com/ and load the Joelister link from there. You will get 10 free listings instead of just 2 free listings. A snapshot of the price plans below. One thing to note before you decide to sign up with Joelister : Make sure your eBay selling limit is sufficient for whichever plan you are looking to subscribe. Mine is currently capped at selling limit of $1000USD. I…

Tools Of The Business : New Tool for checking out how much stock your competitions have : Check Stock v0.1

Tools Of The Business : New Tool for checking out how much stock your competitions have : Check Stock v0.1

One of the criteria I base my buying and pricing decisions on is the quantity that the other sellers on the listing have in stock, and the price they are selling for that quantity. To do that, I usually just add each item from each seller into shopping cart manually and change quantity to “999”. If the quantity that seller have in stock is less than “999”, it will display the amount they have left. However, on the rare occasion that they have more than “999” in stock, the exact quantity will…

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 3

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 3

After you are done with importing all the relevant info into InventoryLab, that’s when the fun begins. Dashboard – Monthly Sales & Profit and Monthly Expenses Here you will see a snapshot of your sales and profit figures. Below is a snapshot of my figures for May 2016. Noticed what a big chunk Amazon fees are. That’s the cost of business though. Reports – Profit & Loss To really go into the details, go to “Reports” -> “Profit & Loss” As you can see, sales numbers can be misleading. Sales :…

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 2

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 2

After my data synced, the first thing I did was to input my COGS. After all, my top priority is to figure out how profitable my items are. When you are first starting out, you need to input data for COGS under both “Inventory” and “Accounting” so your numbers will match up. You can choose to use the import function and csv to do it. Or you can choose to manually input them one by one. Process of inputting the COGS is the same for both “Inventory” and “Accounting”. I even use the same…

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 1

Tools Of The Business : Inventory Lab – Web-based 3rd party application for Amazon Sellers – Part 1

Chasing after Amazon for refunds, returns and reimbursement is a nightmare when done manually. Also, if you have ever tried calculating profitability of each SKU you sold by pulling the records from Amazon, you will know how tedious it is. Hence I decided to try out Inventory Lab, a web-based 3rd party application that helps Amazon sellers streamline their product sourcing and listing, along with integrated cost per unit tracking and automated Profit and Loss (P&L) reports. In addition, it also has bookkeeping features which allow sellers to generate transaction level reports, view per unit profitability reports…

Tools Of The Business : Tools for Product Research, Price Tracking and Profit calculation

Tools Of The Business : Tools for Product Research, Price Tracking and Profit calculation

Been about 4 months since I started this business. I believe I registered for an Amazon Seller Account somewhere in Jan this year. Time flies! I’m so grateful for Chrome and it’s extension.  If you are not using Chrome or these helpful extensions, you might want to start now 😉 Camelcamelcamel – free Somehow, I’m having problem loading this most of the time. Maybe you will have better luck. Keepa – free A Price Tracker which displays a price history graph on each Amazon product page. Shows the Sales Rank, Amazon price and also…

Tools Of The Business : Resources I use

Tools Of The Business : Resources I use

Throughout this journey so far, I’ve learnt a lot. Initially, I started off trying to look for free information on the web. However, it does take a lot of digging, and the information is not always complete or available. So in the end, I decided to look for paid sources. Paid Resources The Proven Amazon Course – 297USD This is the course that got me started. I signed up in December last year and love it. It teaches you the basics of starting and running an Amazon business. Modules includes…

Tools Of The Business : New tool to analyse wholesale lists – Price Checker 2

Tools Of The Business : New tool to analyse wholesale lists – Price Checker 2

So, running numbers on a wholesale list really takes a lot of time. I’ve been trying a few methods, but all are too primitive. Lol. Primitive in the sense that it would involve extracting the information one by one from Amazon and running it through the FBA calculator. Don’t even know how I survive until now. Maybe because luckily, most of the wholesale accounts I work with are pretty small, and don’t have a list with thousands of items. Also, most of the wholesalers I work with have online ordering…

Tools Of The Business : Accounting Softwares

Tools Of The Business : Accounting Softwares

Googling around gave me 3 viable options : Xero, Quickbooks Online, WaveApps. Basically I need to track my income and expense. I don’t need to invoice my customers, or keep track of inventory at the moment. All prices mentioned are in USD. Xero I was totally leaning towards Xero, even though it’s a pretty expensive for a startup. It has all those cool integrations, which would be really useful for an Amazon business. I was looking to use a Multi channel accounting import integration with Xero. Either A2x or Dear System. These integrations…