Assembled products this weekend with family help. 70 units assembled, packaged, and boxed up ready to go.
First time dealing with Amazon Seller inventory interface, was fairly easy to use.
Based on the weight and dimensions, the Inbound Shipment Cost to Amazon is a lot less than I estimated.
In my spreadsheet, I estimated about $1.3/unit to send it into Amazon. It cost me closer to $.30/unit to send it into the fulfillment warehouse, saving me about $1/unit.
Also, when I go to "Manage Inventory", there's a column with the listing and the "FEE PREVIEW". The Amazon referral fee of 15% is unchanged.
But the estimated FBA fulfillment fee is about $1.50 less than what I estimated using the FBA fee estimator. This is good news but I'm not sure if this is an error and the system does not know to add the oversize fee or if it truly all inclusive.
If it's the final fee, then I am thrilled as I save another $1.50/unit.
All in all, if all these numbers turn out to be accurate, the BE point is around $17 instead of the previous $20, which is a big difference.
It also means at the price mark I am looking at, the profit margin well exceeds 30%.
Sending units to Amazon now. I plan to focus on Amazon first before I move to other avenues.
First time dealing with Amazon Seller inventory interface, was fairly easy to use.
Based on the weight and dimensions, the Inbound Shipment Cost to Amazon is a lot less than I estimated.
In my spreadsheet, I estimated about $1.3/unit to send it into Amazon. It cost me closer to $.30/unit to send it into the fulfillment warehouse, saving me about $1/unit.
Also, when I go to "Manage Inventory", there's a column with the listing and the "FEE PREVIEW". The Amazon referral fee of 15% is unchanged.
But the estimated FBA fulfillment fee is about $1.50 less than what I estimated using the FBA fee estimator. This is good news but I'm not sure if this is an error and the system does not know to add the oversize fee or if it truly all inclusive.
If it's the final fee, then I am thrilled as I save another $1.50/unit.
All in all, if all these numbers turn out to be accurate, the BE point is around $17 instead of the previous $20, which is a big difference.
It also means at the price mark I am looking at, the profit margin well exceeds 30%.
Sending units to Amazon now. I plan to focus on Amazon first before I move to other avenues.
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