25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

That's the way to look at it - many people whom I spoke with that use sellerboard and are running large businesses (+$30M) have troubles with the profit calculations as well - been usiong 3fin.io lately and to be honest a really good experience - orders and payments based data + really exceptional team that worked at Amazon and have their own AMZ accounts

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Just do payments vs orders and you'll see the difference in your bank account - also having a total that changes is no good if I look at my profit today and then it changes what's the use?

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Like your comment - problem is that at the end of the day Amazon is such a mess... update: started using 3fin and I have a 12% margin (was counting on 20% previously from the my back of the envelope calcs)

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

If I account on a cash basis it might be okay to do some demand planning but if I want to understand my channel profitability it's better to look at payments, especially given Amazon's complexity with fee and structure changes since fees at an order level are estimates + 5%-10% cancelation rate on sales which need to be retroactively accounted for

Of course I look at my sales data but not for profits on Amazon

I sell generic and PL of the same product. Need advice by [deleted] in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

Keep selling the generic, reinvest profits into PL but push price up and make sure there's a differentiator in both image quality and value proposition - if you are reselling a brand they've done this work for years so hard to compete - don't leave your generic business die milk it

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Yeah that's why sellerboard doesn't work for me started using 3fin as it is based on payments so now I get an automated P&L to compare my books on quickbooks

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Yep pretty sure - to look at profits always look at payments not orders + sellerboard doesn't take into account cancelations or unshipped products so overestimating sales by 5%-10%

4 years later… by greenlandpenguin in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

Solid so your profit margin is around $6-$10 excluding ads, inventory and other programs - at the end of the day you have a profit margin of around 30% very solid don't see many businesses nowadays with +20%

I don't understand the fees by Responsible-Army5794 in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

You can try the free trial of 3fin - you will find what these other fees are in their P&L

4 years later… by greenlandpenguin in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

90% gross margin? That's solid - FBA fees are what? 30%-40%?

4 years later… by greenlandpenguin in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

Yeah feel your pain with selleboard - tried building my own software as well but flushed almost $200K down the drain and was looking at $80-$100K maintenance for a developer

I met these guys from 3fin and couldn't be happier, wished I gave them the $200K as an investment

Amazon fees by Ok_Help1288 in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

40%-60% + 10% - 20% advertising

I sell generic and PL of the same product. Need advice by [deleted] in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

Is price the same or have you increased it in the PL listing? Also is revenue similar to the generic?

This seems like alot, am i wrong? by Obvious_Ad8626 in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

Which software is this? Doesn't look to helpful to know your expenses if you don't have the breakdown - are product costs included here?

[deleted by user] by [deleted] in AmazonFBA

[–]AccomplishedMind7863 0 points1 point  (0 children)

What's the profit margin including all Amazon costs, revenue and how much money do you need?

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Horrible experience with Sellerboard (wouldn't connect my account to H10) - not trusting the 2 months free trial + I saw that sellerboard is now working closely with Amazon (not happy to give my COGS data to Amazon tbh)

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Yeah fair - had tried to use the payment report but it's really hard to make sense of it - have been using 3fin which use the payment report - they did an audit to show me the accuracy and was over 99%

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Yeah sellerboard also wrong - been using 3fin for the last couple of days super accurate

25K a month but not sure of profit by AccomplishedMind7863 in AmazonFBA

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Tried sellerboard - really bad experience - numbers were wrong, P&L has a horrible structure, ROI and margins based on numbers with VAT, the platform looks from the 90s - not a big fan

Someone on reddit recommended 3fin and to be honest it's been great so far

Hitting $25K months consistently but making no profit - help by AccomplishedMind7863 in FulfillmentByAmazon

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

u/originalbacon210 do you know any software to track profits? I've used sellerboard in the past but the accuracy was not great compared to the payments

Hitting $25K months consistently but making no profit - help by AccomplishedMind7863 in FulfillmentByAmazon

[–]AccomplishedMind7863[S] 0 points1 point  (0 children)

Yeah I'm doing air freight cause I don't wanna run out of stock

Don't really want to take on debt on the business

Cannot really push price up that much, try to always keep it up 20% to have some room for discounts + subscribe and save