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What to list daily (amazon FBA) to meet your montly financial goals?
How Much Product To List on Amazon FBA To Meet Your Monthly Financial Goals? Lets break it down…
In this Entrepreneur Girl Tracy’s Tuesday Tips Video I discuss setting the right goal for the amount of product to list on Amazon FBA in order to meet monthly income goals for your online business.
The question gets asked a lot. “How much product to list on Amazon FBA on a daily basis to meet monthly financial goals?”.
It’s all about the listed value in the boxes you ship to Amazon FBA along with your profit margin on the products. If you use the rule of 1/3’s as an example if you pay $10 for an item and you sell it for $30 on Amazon FBA and there is $10 worth of Amazon FBA selling fees and shipping to Amazon, leaves $10 profit. $30 selling price – $10 product cost – $10 Amazon FBA selling fees, leaves $10 profit. The rule of thirds.
For example:
$6,000 needed on a monthly basis for your bills and expenses. When figuring out what you need in profit on a monthly basis, you need to triple the amount ( $6,000 x 3 = $18,000 product listed value) You would need $18,000 worth of product inventory of listed value on a monthly basis. You can break it down on a daily basis so it doesn’t look so overwhelming. It would be $600 of listed value every day of the month. If you follow the rule of thirds then that translates to $200 a day you need to spend on inventory to list on Amazon FBA to sell.
It all depends on your profit margins on the products you are listing. If you have higher margins
This is why Amazon sellers consider getting into buying wholesale products and private label products to resale on Amazon FBA. To go spend $200 on retail arbitrage products each and every day for the month can become a lot of work and take a lot of time. Time is wasted trying to find products to sell on a constant basis, especially if you are driving from store to store.
Something to always consider is that there is never a guarantee that you are going to sell through all the inventory in one month, actually it could take months to sell through everything depending on the Amazon sales ranks and competition.
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