Helping You with Your Amazon FBA Business

Monthly Costs for Amazon FBA Tools and Services

I read a recent Facebook post about monthly subscription fees.  The person didn’t want to subscribe to a couple of popular services because the monthly fees would eat up her inventory money.  I truly understand her concern as I’m always watching my subscription fees too.

Anyway, I’m glad that she wrote that Facebook post because it prompted me to take a good look at my expenses.

List of Expenses

It didn’t take very long to see where my money goes because I track every expense in QuickBooks.

Here are the expenses:

  • InventoryLab: $399.96 per year ($33.33 per month) – I joined when the price was lower than the current rate.
  • TaxJar: $204.00 per year ($17.00 per month)
  • BQool: $108.00 per year ($9.00 per month) – I joined when they had a sale on a 500-listing plan that no longer exists.
  • RevSeller: $99.99 per year ($8.33 per month)
  • Various Online Sourcing Lists and Tools: $238 per month average
  • Education / Courses: $928.00 for the year so far (monthly average over 8 months is $115.63)
  • Business Insurance: $425 per year ($35.41 per month) – may go up when it’s time to renew
  • Quickbooks Desktop: $119.99 one-time fee ($3.33 per month if I use this version for 3 years)
  • Amazon Professional Fee: $39.99 per month

The monthly average is $500.00.

Other Expenses

I didn’t include these expenses in the above list:

  • Amazon FBA Fees other than the Professional Fee
  • COGS
  • Prep center fees
  • Prepping and shipping supplies

The reason why is because they are dependent on my sales and how much inventory I ship to Amazon.

Is $500 a Month a Lot?

If you’re on a very tight budget, then yes, $500.00 can be a lot.  Plus, on top of that, you still need to purchase inventory.

But the good part of Amazon FBA is that you’re not required to spend $500.00 a month on various tools and services.  I gradually grew into that amount.

If you look at it a different way though, $500.00 is nothing compared to running other businesses.  For example, the rent on our auto repair shop was $7000 a month and utilities were $1000 a month.

September 1 – Amazon FBA Refocus and Getting Ready for Q4!

I’m keeping this post super-short because I still have a list of things to finish before tomorrow.

September 1 is my date to start focusing on Amazon again as I need to get back up to where I was.  Sales and buying new inventory took a nose-dive in August because most of my time was spent helping my mother.

She’s doing very well after her stroke, but we have six home-health care appointments a week.

Have a great day (or evening) and as always, please feel free to ask any questions or leave a comment!

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{ 4 comments… add one }
  • Joyce A Staskewicz September 2, 2017, 9:50 am

    Hi Diana,

    I just opened my Amazon seller account a few minutes ago and I am very excited . First let me thank you for all of the information that you have provided on your website. I have gone through most of it and found it to be very informative. I am also glad that your mom is doing much better.

    My question….since I am just starting out….what 2 FBA tools would you recommend I start with?

    Reply
    • Diana September 3, 2017, 3:06 pm

      Hi Joyce,
      Congratulations on signing up for FBA. It is very exciting and I wish you lots of luck with it!

      For tools, there are so many good ones out there but they aren’t all needed right away. It’s hard narrowing it down, but here’s what I think:

      1. You need to keep up on your bookkeeping right away. I know this one is boring, but you really need to know your numbers. Also before you know it, it’ll be tax season and you don’t want to get it all figured out on April 14 like other Sellers do. You can start out with creating your own spreadsheets. I do think that Caleb Roth’s Tracking Spreadsheet is a good choice because it calculates your COGS and creates an income statement. However, it doesn’t track your bank balances.

      2. If you’re going to be doing OA, I think that Jordan Malik’s Cleer Platinum is a good choice as it speeds up the process. It’s a one-time fee.

      3. I also like RevSeller for quickly making decisions. However, it does cost $99.00. A free alternative is Zally.io. I just learned about it and tested it. I only still use RevSeller since I already paid for the subscription.

      4. If you’re going to be doing mainly RA, I do recommend a blue tooth barcode scanner. It really speeds up scanning compared to using your cell phone camera. However, the scanner doesn’t work well with the Amazon Seller App because you have to touch the phone screen before each scan.

      5. For listing, I really like InventoryLab. It speeds things up compared to listing inside of Seller Central. You can also use it to help with bookkeeping and to get reports.

      Most everything I mentioned is in my Resources page.

      I know that I listed more than two tools, but if you let me know where you’re starting out at – RA, OA or ???, I can be more specific.

      Let me know if you have any questions!

      Diana

      Reply
  • Joyce Staskewicz September 4, 2017, 3:26 pm

    Hi Diana,

    Thank you so much for your suggestions. I am doing RA now and hopefully will get into OA once I get the hang of it. I think I am going to go with the spreadsheet and definitely the scanner . I am going to review your resource page again. I appreciate your input and now that I have started actually doing this I feel the need to go back and read everything that I have already read. …if that makes sense 🙂

    Thanks again,

    Joyce

    Reply
    • Diana September 4, 2017, 4:43 pm

      Hi Joyce,
      I received an email this morning that Caleb is offering $50 off his spreadsheet with coupon code laborday17. It’s a Labor Day special. I hope you are able to use the coupon code.

      Good luck with RA. With Q4 coming up, it should be an exciting time for you!

      Reply

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About Diana


I am working towards creating a full-time income by selling on Amazon. It's a lot of work but very fun! If you're interested in selling on Amazon, be sure to follow my blog as I'll be providing you with lots of tips!

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