How To Figure Out Profit On Amazon FBA

If you are doing online arbitrage, you need to know how to figure out how much profit you can make on the products that you are thinking of sourcing.

There is a tool call the Calculator Widget which is a Chrome extension that pulls up the Fulfillment by Amazon Revenue Calculator

You can also go there by using this link:

https://sellercentral.amazon.com/hz/fba/profitabilitycalculator/index?lang=en_US

The simple equation is: Sales price – Amazon fee – COG  ( and you should figure in some inbound shipping) = Profit

You really need to use the calculator because it will tell you the Amazon fees.  It is not a set %, so you need to know exactly what Amazon is going to charge you  on the item.

Now if you have a minimum return you are trying to make % wise, you would figure that after running it through the calculator.

The video below show how to use the calculator

Learn How To Sell Used Board Games On Amazon FBA

I spend a lot of time helping people learn how to make money on Amazon. I have to admit that I get very frustrated. People really don’t want the truth. They want you to tell them to watch Keepa all day or buy the bolos posted in free groups. The truth is that there are people that do this for a living and they know how to really make money.  Buying and selling used board games an example of that and   is a really good way to make money that doesn’t have the competition that you find on lower ROI products that sell on Amazon.

I recommend picking up Stephen Smotherman’s book, The Reseller’s Guide to Board Games: How to Turn Play Money into Real Money. Why? Well he does this full time. He makes a living buying and selling profitable products. If you want to succeed, you should listen to people that have figured out what works and learn from them.

In his book, he teaches you step by step everything that you need to know on how to source, prep and sell board games.  He also gives you info on how to find out how many piece are suppose to be there and how to find missing pieces ( which you could reverse and part them out yourself if you have incomplete games).

You could waste your time trying to figure all this out yourself and searching for hours on the internet or you could just find out everything you need to know in one place.  ( One game will literally pay back the cost of this training)

I posting some of the games I have to send in right now and I hope you get the picture

These all cost me $1.99 to $2.99 from GW

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So I am offering to give you a 1/2 off promo code to my Udemy course, Sourcing Amazon FBA Replenishables ( about a $50 value)
After purchasing, email me ( jwilkey88@gmail.com )  a screen shot of the receipt and I will send you the promo code.

Here is the link to go through:

http://www.fulltimefba.com/members/aff/go/jwilkey/?i=1

The idea is that I want to show people how to make at least enough to cover what it cost for the training product. (Actually I was hoping to show how to make 100x the cost) I see this as a win-win for everyone.

How To Sell On Amazon FBA With Little Or No Money

Recently I posted in the FB group asking why people are doing FBA and where they are at in terms of how bad they need for this to work. After reading several responses, I saw that there is a lot of people really hurting. They need to make money to just be able to put food on the table but most people don’t have any cash to buy the inventory needed to make the money. It is kind of a Catch-22 for people.

That got me to thinking. What if, knowing what I know now, what if I had to start over and try to build up the capital to make this work? How would I do it? So I have put together an assortment of things that I would do. You may not want to do them all yourself, but I am sure if you follow a few of the ideas I present, you will be able to build enough capital to do it yourself.

So the first thing to address. Do you have any money at all to get started? The more you have, the easier it is.

Helpfully you have some cash on hand to get started, but if you don’t then this is how I would go about getting some.

The first and easiest way is you use a credit card ( if you have any room left on it) The interest you pay on the card is nothing compared to the return s that you can make.

If you don’t have access to credit, then we need to find you some money other ways. Let’s move on.

I have quoted this several times, but on average, the average person has about $3000 worth of stuff that they could sell on eBay if they needed to.

http://www.tesh.com/story/money-and-finance-category/more-than-890-dollars-worth-of-stuff-is-sold-on-ebay-every-second/cc/12/id/8811

Just because we talk about selling on Amazon, you won’t go to Hell for selling on eBay. Actually, this is something you should learn as a reseller. It doesn’t matter what platform you sell on. If you can make money on it, then sell it.

So I first would look around my house and see if I have stuff that I could sell on eBay. Many times people have stuff they don’t want to get rid of but they aren’t using. If it something you could sell now and use the money, you can always buy another one after you build up your capital.

Say you have a little cash on hand, you could find low priced items at garage sales, flea markets, etc. and sell those items on eBay instead of selling your own stuff. There are a lot of things you can buy for $1 or less and sell for $10+ on eBay.

Why do I keeps pushing eBay? Well for a few reasons. First, you can easily sell used stuff on there. Amazon is a little harder to sell used on. Second, people are going to paid for the product and pay for the shipping before you send it to them. You will be paying the inbound shipping if you sell FBA on Amazon. If funds are low, you don’t want to tie up your money in inbound shipping. And third, eBay lets you list a lot of stuff for free. There is no cost other than your time to make the listing.

The next way you can get started is couponing. ( I admit I have not done this, but know people that do). The extreme couponing people can get free products or very close to free products. Now this is going to require a lot of work and the products you source are going to be hit or miss. Also, a lot of the stuff you can get via couponing is going to be in gated categories, so you might have to sell these via eBay.

Don’t want to go shopping, well you can sell coupons on eBay. There is a big market for them on eBay and if you can find a supply of papers for free, you can make money that way.

The next things you can do are a little more out of the norm. I base these on this older, dated resource:

http://www.grocerystoregoldmines.com/download043094/GroceryStoreGoldBook0611.pdf

Basically if you read through this, you will see that you can sell common items that you don’t actually own. It is based on selling groceries on eBay, but here is a way to do it on Amazon.

Hazmat items have to be sold via MF on Amazon . People like me don’t want to deal with MF and if something comes up Hazmat when scanning, it just goes back on the shelf.

There are a lot of things setting on the store shelves that you can list MF and basically go buy them after they sell. Once again, a lot of these are going to be in gated categories ( think hair dye, anything with alcohol or flammable stuff)

You could take this a step farther You could walk through any store scanning the products. If the product doesn’t come up, you could create a listing for it and MF it. This would be a lot of work, but if you had 100’s of these listings, you would surely have some sell each day. ( Remember, you would be sending a product only after you know it has been sold. Basiaclly a form of drop shipping)

Now this next one is way out of the norm, but I have seen it done. You can basically charge a finders fee to other FBA sellers. If you make connections with other sellers, you could find products locally, and then another seller basically buys them from you. Most of the time, they send you a shipping tag and you send it out for them. It could be very easy to do this on OA. Work with several sellers and when they are limited to 3 on AZ or some other site, you just place an order for the limit amount and they pay you a small fee for your trouble.

I always joke about this one, but sell plasma. You can literally make $50 for a plasma donation. Your COG goods is $0 and a few trips to the donation center and you will have a bank roll to work with.

I know that not having money is a big hurdle for a lot of people, but as you can see, that there are a lot of ways the you can get around that. Some of these are harder than others, but if there is a will, there is a way. These techniques aren’t the permanent way of doing business, but they can help build up your bank roll to take you to the next level.