Posted on: September 13, 2018 | Posted by: Jonathan Dean |
The Helium 10 Chrome Extension has a new Amazon tool – the Amazon Profitability Calculator!
What if you had an Amazon Profitability Calculator tool that let you know ahead of time if a certain product you have considered selling will be able to make a profit? This innovation from Helium 10 gives you the power to see how profitable a particular product would be at a glance if you sold it. This kind of tool would be very valuable if you are always wondering what your Amazon business total revenue is, or if you are making any net profit.
You will be able to check out details like the following:
Product dimensions and weight
FBA storage fees
Profit margin percentages
Current item price
Check out our video on the new Amazon Profitability Calculator:
To access the Amazon Profitability Calculator, log into Helium 10 via the member dashboard and ensure that you have not disabled third-party cookies in Chrome.
This is the most straightforward way as it appears in the extension list with Xray and the other tools. Select the Helium 10 extension icon on the Chrome toolbar in the top right corner to display the tool list.
#2 The Helium 10 Product Listing Analytics
Scroll down the listing to find the Helium 10 section of the listing that displays our Amazon analytics. On the toolbar, select the “Profitability Calculator” option to open the pop-up window.
#3 Search Results Page
If you are browsing over multiple products, this option will allow you to view the Amazon Profitability Calculator for many products without having to click into the listings individually. When Helium 10’s browser extension is enabled, you will see a “Calculate Fees” link on each listing. Just click the “Calculate Fees” link to open the Amazon FBA fee calculator widget.
Amazon Profitability Calculator Elements
The new tool provides a lot of helpful information for FBA sellers to use, including the following:
Dimensions: The length, width, and height of the item in inches.
Weight: The heft of the item in pounds.
Outbound Shipping Weight: The heft of the item in pounds, including the packaging.
Size Tier: The standardized Amazon size category of the box that the item will be shipped in (ex. Oversized).
Price: The current price of the product on its respective Amazon listing in US dollars.
Estimated Time in Storage: The average length of time the item is expected to remain in storage before being purchased and shipped to a customer.
Estimated Unit Manufacturing Cost: The average cost to the seller to have a supplier manufacture one unit of the product.
Estimated Freight Cost (with measurement options): The average spacial cost to the seller for transporting the items from the supplier to the seller’s warehouse; the Amazon Profitability Calculator provides different units of measurement to match your preferred shipping method.
Unit Freight Cost: The average cost to transport an individual item unit.
Storage Fees for January – September: The estimated fees a seller will pay per unit to store his or her inventory through Amazon fulfillment services from January to September
Storage Fees for October – December: The estimated fees a seller will pay per unit to store his or her inventory through Amazon fulfillment services from October to December (peak holiday season).
FBA (Fulfillment By Amazon) Fee: The fees a seller will pay for using Amazon FBA services that cover picking, shipping, returns, customer service, and other services found in Seller Central.
Referral Fee (15%): The fee a seller must pay for using FBA fulfillment services; a seller will pay an average of 15% of the product selling price.
Net Fees for January – September: The total sum of the fees the seller will pay per item sold during the January – September timeframe.
Margins for January – September: The percentage of an item’s revenue that will be taken by Amazon for fees during the January – September timeframe.
Net Fees for October – December: The total sum of the fees the seller will pay per item sold during the October – December timeframe.
Margins for October – December: The percentage of an item’s revenue that will be taken by Amazon for fees during the October – December timeframe.
PLEASE NOTE: Some of the metrics listed above may differ for other Amazon marketplaces where Helium 10’s Amazon Profitability Calculator is available, such as units of measurement and currency.
Additionally, the following calculator values can be changed at any time to produce more accurate results for your product research: Dimensions, Weight, Price, Est. Time in Storage, Unit manufacturing Cost, and Est. Freight Cost.
How Your Packaging Can Affect Your Fulfillment and OrderFees
Whether you are a new selling on Amazon or have been running your business for some time now, some people don’t realize just how much your order packaging can have on the overall cost to ship your product to a customer.
Amazon has set standard sizing for its shipping boxes, and your product gets categorized for the size to which the product will fit comfortably. When planning the size of your final product, take the sizing of its packaging into account as well. The dimensions and weight all play a factor in your final order costs, and thus your profitability.
Armed with this information, you can get a real idea about what sourcing and selling a product will be like in reality. You will just need to estimate costs like manufacturing and shipping, but once you have those you will have a fairly good idea what the potential profit margin will be.
Want to absolutely start crushing it on Amazon and make more money? Follow these steps for helpful resources to get started:
Get the Ultimate Resource Guide from Manny Coats for tools and services that he uses every day to dominate on Amazon!
New to Selling on Amazon? Freedom Ticket offers the best tips, tricks, and strategies for beginners just starting out! Sign up for Freedom Ticket.
The Ultimate Software Tool Suite for Amazon Sellers! Get more Helium 10tools that can help you to optimize your listings and increase sales for a low price! Sign up today!
Protect Your Amazon Brand with a Trademark! Protecting your brand from hijackers is vital. SellerTradmarks.com provides a streamlined process for obtaining a trademark for your business and shielding your products from fraud!
Does Amazon Owe YOU Money? Find Out for FREE! If you have been selling for over a year on Amazon, you may be owed money for lost or damaged inventory and not even know it. Get a FREE refund report to see how much you’re owed!
Have questions or comments about the Helium 10 Amazon Profitability Calculator? Let us know below in the comments!
Jonathan has been writing about the entrepreneurial world for several years, having interviewed many major players at several SoCal companies. He also has extensive experience in crafting product listings and performing product and keyword research.
Cerebro is Jonathan's favorite Helium 10 tool because of its' versatility and value for FBA sellers.