Over the past few weeks, I purchased Caleb Roth’s Tracking Spreadsheet, Nathan Holmquist’s ScanLister software and a one-month subscription to Caleb’s eFLIP service. In this post, I’ll give a brief introduction to each of them!
The Book Category Led Me to These Products
Shoes are still my main focus, but I’ve been buying up books these days. I felt that it’s time to dive into another category rather than just buying random items in between my shoe purchases. Books are similar to shoes in that they don’t expire and have a long shelf life. Plus, you can get a great ROI on them:
Plus, books typically have a low buy cost which helps even out the higher buy cost of shoes.
The Book Experts: Nathan Holmquist & Caleb Roth
Since I already knew that Nathan Holmquist of BooktotheFuture provides great book information on his blog, I went there to learn more about selling in the book category. But when I got there, I didn’t see a “book” post right away. Instead, I saw this:
Two things stood out right away – saving $$ on monthly subscription fees and that there’s a new spreadsheet to check out! Since I love spreadsheets, I immediately clicked on the Tracking Spreadsheet link to learn more about it.
I wanted to learn more about Caleb so I spent time exploring his website and learned that he’s a bookseller and has an online book sourcing product called eFLIP. Since then, I chatted with him a few times on Facebook as I had a few questions. He’s a really nice person and it’s great that he’s a spreadsheet person too!
Lots of New Services to Check Out: Tracking Spreadsheet, ScanLister and eFLIP
I tested them all and will go into more detail on each of them in future blog posts. But for now, here’s a little about each of them:
Tracking Spreadsheet: I spent about 3 hours setting it up. Once I finished transferring over my InventoryLab Data and my Amazon Sales & Fees (from Seller Central), I compared my numbers to Quickbooks and was impressed that my sales data for the year (Jan 1 to April 30) matched to the penny. My Amazon FBA fees were off by $4.07 and my COGS was off by $157.51. That’s pretty good for 4 months of data and at a later time, I’ll figure out why the fees and COGS amounts are off.
I then did some analyzing and can definitely tell when I started selling shoes:
ScanLister: I signed up for the 8-day Free Trial of ScanLister and then purchased it yesterday. However, if you’re not ready to make the purchase, you can sign up for a monthly subscription.
The software is easy to learn and so far, I used it for listing shoes, pants, books and a DVD.
The flow is a little different than with InventoryLab. With ScanLister, you list your products and then when you’re ready to ship, you upload your items to Seller Central. There, you create your shipping plan and print your labels. If you have a DYMO, you can either subscribe to ListLabelShip or use Amazon’s Scan & Label (instructions here).
Once you ship your products and have your final shipping cost, then you’ll transfer your listing data to the Tracking Spreadsheet. Nathan provides a video tutorial on how to do that.
For other Listing Options, you can also list through Seller Central or with Caleb’s Free Listing Spreadsheet. There are just different steps involved. I have not tried the Listing Spreadsheet yet.
eFLIP: I’ve been buying books at book sales, garage sales and thrift stores, but now I’m buying them online as well with the help of eFLIP. Basically, it helps you find books on Amazon that Merchant-Fulfilled Sellers are selling at a low price that you can turn around and sell at a higher price as a FBA Seller.
I started with the free-trial and found 5 books to sell right away. Since the software is simple to use and I really want to increase my book inventory, I went ahead and paid for one month of eFLIP.
So far, I purchased about 40 books. My goal is to purchase at least 79 books before my monthly subscription ends. After my 1st week of eFLIP, I slowed down on the book-buying as I wanted to receive my books and see which Merchant-Fulfilled Books Sellers are overstating the book conditions and which ones are not. I now have a good list of Sellers to buy from and will continue buying more books. At this point, I do plan on subscribing to a 2nd month of eFLIP.
Don’t worry if you’re not a huge bookseller! Both ScanLister and the Tracking Spreadsheet works with all of your categories!
I will be cancelling my InventoryLab subscription in July and will be replacing it with ScanLister and the Tracking Spreadsheet. InventoryLab is a great program but I would rather eliminate the monthly fee. At this point, I feel that my money can be better spent elsewhere. But by all means, if you love InventoryLab, keep using it!
I’ll be going over each of the new products in more detail in future blog posts. But for now, I just wanted to let you know about them so you can check them out too!
Please be sure to ask me any questions about any of the services mentioned in this post and I’ll do my best to answer them!