Sales and Profit – Sept 2016

Sales and Profit – Sept 2016

Update on my sales for Sept 2016. So far, my best month to date 😀 The FBA cost is lesser than Aug, probably because I was overseas for most of Sept, and only sent in 2 shipments, if I’m not wrong. Sales figures below. All figures are in USD unless otherwise stated. Grand total of $7,952.31 for the month of Sept 😉 My Amazon Payout : $6409.96 <— This is the amount I am credited after deducting all relevant fees. Yup, Amazon gets a big cut. COGS : $3877.66 <— This my COGS. This…

Sales and Profit – Aug 2016

Sales and Profit – Aug 2016

A quick update on the business, and probably of most interest to most people reading this blog. Lol. Sales figures as below. All figures are in USD unless otherwise stated. Grand total of $7170.55 for the month of Aug 😉 But of course, that’s just the revenue. My Amazon Payout : $5195.5 <— This is the amount I am credited after deducting all relevant fees. Yup, Amazon gets a big cut. COGS : $3201.90 <— This my COGS. This includes the prep and shipping cost of each of the items from my wholesalers….

OOTD – J.CO, Suntec City

OOTD – J.CO, Suntec City

OOTD in this case stands for Office Of The Day 😉 I love bringing my laptop and work in cafes. Merging two of my favourite things into one. Cafe hunting and well… Working on my business. These OOTD post will be short and to the point, mainly telling you what you need to know if you love working in cafes like I do 😉 Location Singapore, Suntec City, J.Co Wifi Available. You have a choice of Wireless@SG, wireless@SGX, FREE_WIFI@Suntec City, etc. I used Wireless@SG, and its fast. Power Socket Available. In fact,…

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…

Time spent working on the Business – June 2016

Time spent working on the Business – June 2016

When I first started this business, I realized that I needed to track where my time is going. I’m constantly busy all the time, yet I can’t tell where my time went. Time is money after all. In fact, time is > money 😉 This is a screen capture of the time I logged in June 2016. This only accounts for the time I actually spent doing the business. Eg, If I were to go to the bathroom, I pause it. This is not the most accurate of course. I don’t clock…

Seller Central Reports : Tracking Reimbursements for Damaged, Destroyed and Lost inventory

Seller Central Reports : Tracking Reimbursements for Damaged, Destroyed and Lost inventory

Inside Seller Central, there is a Reports section where you can pull all sorts of useful reports regarding aspects of your Amazon business. One of the problem I face as an Amazon seller, is the amount of lost and damaged inventory that goes on inside Amazon’s warehouses. When inventory goes missing, or is damaged and destroyed, sellers should be automatically reimbursed for it. However, that is not always the case. Hence it is a good idea to run the reports and check them on a regular basis. Reports to generate There…

Multi-Channel Fulfillment with Amazon

Multi-Channel Fulfillment with Amazon

Multi-Channel Fulfillment is a feature offered by Amazon to it’s marketplace sellers to leverage on Amazon’s shipping and fulfillment services for orders from seller’s other sales channels. Fulfillment orders can be created for items you have stored inside Amazon’s warehouse. After you create a fulfillment order from within Amazon Seller Central, Amazon will pick, pack and ship them to your customers. You can use this service to fulfill orders from your own e-commerce sites or other marketplaces that you are selling at. You can leverage on Amazon’s low shipping rates, and offer reliable one-day, two-day…

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…