Here are a few tips that will save you time with your Amazon FBA activities. None are earth-shattering, but each time I implemented one, all I could say was, “I wish I did this sooner!”
Use a $0.00 Buy Cost: To save time while scanning, I keep a $0.00 buy cost in the scanning app’s “Buy $” field. This saves me from having to type in the cost after each scan. I just use my head to subtract the “buy price” from the “profit price” to decide if I should purchase the product or not. Actually, a lot of times you don’t even have to do any math. Just look and see if your buy price is larger or smaller than the profit price. For example, in the Profit Bandit screenshot below, my cost on this item is $14.99. Since $14.99 is greater than the profit amount, I’m not going to buy it.
Install the Amazon 1Button App: I do a lot of online sourcing and I love the Amazon 1Button App. This is a chrome extension that finds the product that you’re looking at and shows you Amazon’s price. For example, in the screenshot below, I’m looking at the Hasbro Hungry Hungry Hippos game on Target’s website. The Amazon 1Button App lets me know that the game is also selling for $11.39 on Amazon (shown on the top black bar). This saves me from having to search Amazon myself. If you do use this app, keep in mind that sometimes it doesn’t match up to the same product and not all products are found.
Invest in Good Supplies: I list the supplies that I use on my Amazon FBA Resources page. These are common supplies that many Amazon Seller’s use and they are popular because they do save you time and aggravation. For example, when I first started and didn’t have any supplies, I was removing price stickers with my fingernails and sometimes it would take me 10 minutes to remove a sticker. Buying a Scotty Peeler Label Remover and Goo Gone not only saved my fingernails but also saved me time. My other time-saver is using shipping tape that comes in a real tape dispenser. Before, I was using the tape shown below and no matter how careful I was, the tape always got stuck on the tape roll. Way too much time was spent finding the edge of the tape.
Create a Prepping & Shipping Station: The best action that I took was setting up a Prepping & Shipping station. It’s nothing major – just a small table against the wall and next to it I have a set of colored drawers that stores my poly bags, labels and shipping tape. Granted, the area doesn’t look like anything special. But my supplies are within reach and I’m no longer using my desk, spare bed, end table and floor as my prepping stations. In the old days, it took me 5 hours to prep and package 20 items because I was disorganized and couldn’t find anything! What I also like about the area is that it’s the perfect spot to take product photos because it’s easy to change the wall color to pure white for product listing images. To learn how to do that in Photoshop Elements, read this blog post.
Open a Business Checking Account and Credit Card: I’ve been a Quicken user for over ten years and love it to track my personal accounts. But I quickly learned that using the personal Quicken program to track both my household and business purchases wasn’t working well. I was using my personal accounts to make my Amazon FBA purchases and even though I added in new Amazon categories to track them, I didn’t like that the Amazon transactions cluttered up my Quicken registers and that I had to manually separate the personal and business transactions each time I ran a report.
After a couple of months of being miserable with Quicken, I separated my business from my personal by opening up a business checking account and a new credit card. Both are used for FBA purchases only and I track them in Quickbooks. Without going into all of the details of bookkeeping, just believe me when I say that bookkeeping became simpler once I separated the business from the personal. Below is a screenshot of my credit card register in Quickbooks. With a quick glance, it’s easy to see how much I owe on my credit card and where I shop at.
You’ll save time by implementing the tips that I shared in this post. If you have any simple tips or actions that helped you, please share them in the comment form below or on my Facebook page.
Save Time Featured Image: © Krasimira Nevenova
Blog Post Images: Diana Poisson