YouTube Link: https://youtu.be/UpWRjWbRzQI
Are you Making Profits on Amazon?
00:00 Introduction
00:10 How to check if you are making a profit on Amazon. Start with Manage Inventory
and click one of the SKUs and it will load up the back-end detail page.
00:24 Scroll down to the Inventory page and click “Edit” beside Total Off - Amazon Cost
00:40 Input the Cost of Goods Sold (COGS) and Miscellaneous Costs
01:05 Displays Net Proceeds based on the items sold and the number of items sold.
01:20 Man Cave gift items per unit are incurring losses
01:24 Age of Sage products per unit is incurring losses too
01:39 Breakdown of expenses shows PPC eats most of the expenses
02:54 It would have been a profitable item if it were only running on organic ads
03:29 Running paid ads on Age of Sage boxes of 6, 12, and 100 hoping customers to
buy in larger quantities.
04:01 Sellers can make a better decision when Costs of Goods Sold (COGS) is identified
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