Inventory lab5/16/2023 ![]() ![]() ![]() Prices may change from the time you enter a batch to when the item actually sells – it’s fun to think about a batch having 150% ROI when you send it to the warehouse, but it’s more useful to look at the ROI when you are actually paid for the sale of those items. Some areas of the screen shot have been blurred out for business privacy. The circled area is where you input the data to help Inventory Lab calculate supplier profitability. You can see the projected profit and ROI for a batch when you’re listing through Inventory Lab, but you can also run reports to show you the actual profit and ROI based on payments from Amazon for your inventory items. Inventory Lab then takes that cost, your sales price, and associated fees to calculate profit and return on investment (ROI). Inventory Lab allows you to enter the total cost of an item when you list it on Amazon. Honestly, isn’t the thrill of the hunt and the excitement of the sales one reason we all do this business?īut if we stop and dig a little deeper into those sales, would we still be as excited about the raw numbers? Sales numbers can be deceiving at times, and if we don’t take the time to look at and think about our actual profit, then we don’t really know if our business is as successful as we want it to be. Sometimes it’s easy as a reseller to get caught up in the rush of sourcing for inventory, sending it in to the FBA warehouse, and seeing the pending sales in Seller Central. Today we want to share with you another feature of Inventory Lab that we’ve come to depend on: the ability to track supplier profitability through Inventory Lab reports. You’ve likely heard us mention that we use the Inventory Lab software package to streamline our process of listing inventory on Amazon FBA and for sourcing inventory through the Scoutify app.
0 Comments
Leave a Reply. |