Do you find online arbitrage time-consuming? If so, I recommend that you try out the RevSeller Chrome Extension. I’ve been using it since February and it really has sped up my online sourcing time. In this post, I’ll go over RevSeller and how it has especially helped me with my shoe sourcing.
RevSeller is a Chrome Extension
At this time, RevSeller can only be used in the Google Chrome web browser. Once installed, you’ll see a little icon on your extension tool bar (I’m not sure if that’s what it’s called). Anyway, once installed, you should only have to click on the icon if you’re logged out of RevSeller and you want to log back in. I hardly ever press the icon.
FBA Revenue Calculator – Old Way
Before RevSeller, I was using Amazon’s free FBA Revenue Calculator to check the profitability of a specific product. Basically I went to the Amazon Product Page and then clicked on the Calculator icon to open up the FBA Calculator in a new browser tab:
Then I would enter my “buy cost” in the “Prep Service” box to see the net profit. ** Please note the net profit amount of $17.68. I’ll refer back to this number later…
I like that the FBA Revenue Calculator is free and that it’s not limited to Google Chrome. However, I never liked that it opened in a separate browser tab and that it didn’t show the ranking or category information.
RevSeller Calculator – New Way
I love RevSeller because it puts a calculator on the Amazon Product page so you don’t have to switch to another browser tab:
As with the FBA Revenue Calculator, you still have to manually enter the Buy Cost to see the Net Profit.
Did you notice that the Net Profit is $17.68? It matches the FBA Calculator! However, if you’re concerned with the accuracy of RevSeller and want to double-check the Net Profit, all you have to do is click on the Amz Calc link that’s on the line below the Product Title. This will bring up the FBA Revenue Calculator.
RevSeller Gives More Information than the FBA Calculator
Besides Net Profit, RevSeller provides you with the Rank, Category Name, Category %, ROI %, Margin % and the number of Sellers:
Having your important “Numbers” displayed in one spot on the product page allows you to make a quick decision as to whether the product meets your initial buying criteria. If the numbers look good to you, then you might want to check price history with camelcamelcamel and Keepa. If you look again at the RevSeller Calculator, there is a link to camelcamelcamel underneath the product title.
*** Note: Stephen Smotherman recently wrote an eBook called How To Keepa Camel which will show you how to make better sourcing decisions using camelcamelcamel and Keepa. He said that those two tools helped him increase his sales while lowering his inventory levels. I have a copy of the eBook and am anxious to dig into it to learn how to source smarter too!
The Variation Viewer
Though the RevSeller Calculator is awesome, it only shows the data for one shoe variation. For example, in the above pictures, it gives me the information for the Size 8.5 Black/White shoe. That’s great, but when I’m sourcing for shoes, I want to know which sizes and colors have the lowest & highest selling prices and which ones are out of stock.
To get that information, I click on the green Variation Viewer button and get a listing of all of the shoe variations:
With just a click of your mouse button, you can sort any of the above columns. I usually sort the shoes by color and then price compare the different sizes.
Sometimes I’ll notice that one shoe variation is priced much lower than the other shoes. This prompts me to do a little more research to see if that will make a great Amazon to Amazon flip. On the other hand, I may notice that one shoe variation is priced much higher than the other shoes. This prompts me to do a little more research to determine if that’s the best size/color to buy or if it’s just some sort of false-high.
Variation Viewer – Not Limited to Shoes
Before I go any further, I want to stress that the Variation Viewer isn’t limited to just the shoe category. I recently used it to help me purchase my first batch of clothes. What happened was that I was online looking for shoes and the company was also having a clearance sale on polo shirts and hoodies. I decided to take a peek at those and with the Variation Viewer, I was quickly able to determine which sizes and colors had the highest selling prices and the lowest number of Sellers.
If clothes and shoes aren’t your primary categories, don’t worry. The Variation Viewer helps in all categories. For instance, in the next picture, I ran the Variation Viewer on a Contigo Travel Mug that comes in different colors and sizes:
Important RevSeller Information
I encourage you to test RevSeller out as they provide a 30-day free trial. But before joining up, keep in mind that as of the date of this blog post:
- It only works with the Google Chrome browser.
- It only works on computers and laptops. It does not run on smart phones or tablets.
- You must be a Professional Seller.
- You may install a 2nd copy of RevSeller on your virtual assistant’s computer.
- You pay for the subscription annually. There is not a monthly subscription plan.
- They say you can cancel anytime. When you log into your account and go to your Payment page, you’ll see instructions to contact Support if you want to cancel your account.
Ready to get started with RevSeller? Click here to learn more about RevSeller and to sign up for their free trial. Keep in mind that a credit card is not required for the free trial.
As always, please feel free to ask me any questions in the comment form below or on my Facebook Page!