2 Steps to Uncover YOUR AMAZON PROFIT Margin + Your Costs of Selling on Amazon

[@DanRodgers]

From my brother and I, we just want to say thank you to all of you who have subscribed! You guys are the best 😁 NOTE: Amazon just re-set the payment cycle for some sellers (week of October 19 2020) so for 2 weeks the transfer amount may be a bit odd, after that all will be normal again.

[@minimumtasvik]

Would you design a course, which is covered step by step all things? Beginner to Professional, not as education, but as tips.

[@minimumtasvik]

By the way, you are the best Amazon channel on youtube I have ever seen, so upload more videos, we are waiting.

[@matthew_kiely]

Even though you won't be cheering for the All Blacks (unless they are playing the Wannabe's ;-) I subscribed.

[@DanRodgers]

@@matthew_kiely thank you Matthew! Loooool!

[@DanRodgers]

@@minimumtasvik hey Hakan! I'm not planning a paid product currently but this is a solid idea for the channel, like multiple tips videos in order from beginning to end, maybe it's own playlist, I will think on this

[@themarekshow]

@danrodgers, you are entirely wrong with the part about how to calculate profit. You can't count on the transfers. The transfers do not refer to the 2 deposits that came in the same month.

[@Napakhanom]

Thank you very much - this video is super helpful. I would love to see this kind of video again; management for business backends, not so many people are teaching this. Thank you!

[@dman6071]

Would love to see info about trademark/copyright. What should/can you do if you get hit with a claim like that

[@DanRodgers]

D Man I actually just did a video on this! Check it out here: kzbin.info/www/bejne/rZ2cmJeer69_eJY

[@plmintexas509]

Great video Dan, thanks. For smaller sellers, when looking at the statements, it helps to click on "transaction view". This will show you all charges in red numbers, even the smallest ones like storage or removal fees, which can sometimes be overlooked in bookkeeping. Keep up the great vids and thanks.

[@DanRodgers]

Excellent advice PLM!! Someone actually asked this below

[@everready2903]

Shipping Insurance & Inspections at export port were 2 costs I hadn't envisaged.

[@SereniityRnR]

You cover all the important content you can't find anywhere else. Love it. Can we get an updated version of this video by chance? I noticed some things are different

[@isilkoca9818]

Hi Dan ı love your excitement and eager to teach us...thank you foa all.....😊👏👏

[@sarasvathiayappan9559]

It's so easy to understand. Being a new seller and just launched my first product, you have answered all my questions. Really appreciate this informative great video. Thank you so much for all your effort.

[@brobinson8614]

Great video. In response to your question about what content we would like to see, My suggestion is if you could do more of the practical screen time on how to use the Amazon interface i.e. actual step by step of entering each box, clicking save and continuing to the next page. As I recently paid for an hour coaching call to an Amazon wiz, for about 15 minutes things were going well, but because I didn’t have the ZIP Code for the address of the manufacturer we couldn’t save and continue to the next page. Meaning the call was completely wasted as we couldn’t get any further on in the FBA process. The guy filled in the time to help me on a few other small issues but they were easy enough to work out myself. What was upsetting was it wasn’t his fault or my fault. It’s just that Amazon has so many hurdles that I didn’t know where ahead. Meaning I didn’t know in advance FBA needed the address for the manufacture let alone the ZIP Code. These troubling little hurdles mean coaching calls are pointless because us (the seller) have no way of knowing what information to have prior because we don’t know what’s ahead of us. The coaching call person was nice enough about it but I really did not get my money‘s worth and afterwards felt quite gutted. The only time I felt good in the 2 and a 1/2 months I’ve been trying to launch a product has been just recently discovering your videos!!. As I’ve looked at a lot of other KZbin Amazon videos that helped only slightly. What’s good is I’ve seen that you do do on screen ‘step-by-step’ instructions, so more of that would be great!!. Especially if you can think of a hurdle that will come. Like what happened to me as I don’t know how to get back to the screen where I enter those manufacture details again. I also see that there’s going to be item size package size, box size and weight issues come up, yet my manufacture only just gave me that now (so I would’ve been stuffed in that coaching call anyway without that information). So if you could show us on screen videos on how to get back to the stage where you think we could have last been stuck at, so we can continue from, would be appreciated. (If that makes sense?) i.e. not just a step-by-step where everything is ready and goes well, more if things don’t go well (so step-by-step fixes) I felt like giving up so many times but I can’t because have a product in overseas I paid for and now waiting to be shipped. Thank you again for your help so far here on KZbin, you have been a life saver. I’ve been sharing your videos with friends interested Cheers

[@DanRodgers]

Great Details B! This is 100% true and one of the reasons I try be so detailed is because things often go wrong or go down some rabbit hole. I will 100% keep this in mind !!

[@brobinson8614]

@@DanRodgers Yes, yes! that’s the perfect description I what I was trying to get across but you worded it better, “things often go wrong or down some rabbit hole!!” 😂

[@massimomodaart6996]

Hi Dan ,interesting video as always...there is this voice on Payment section " Account Level Reserve" ..the Total Balance go there 5/7 days before Amazon transfer it to the bank all the time,even if there aren't problems they list on help window...can you do in the future a video that dive in to deep in this voice that many of us don't understand?Thank you for all clear info you give us !!!

[@m.gutierr7520]

Hi!! I just found your channel!! I wish I could drink all your videos like water!! Haha there is so much to learn with you! Thanks!!

[@shihgung7161]

thank you for the video. It helps me a lot to understand the expenses for my business. it is my first annual sales. not much of profit after all.

[@shenenclaireflorido8616]

Hi Dan, I'm a Filipino. I just love how you explained everything well! Then I decided to subscribed and ring the bell button just now!! Thank you and more subscribers to come!

[@zivmiyo]

hmm... You can just go to [Data Range Report] to select June/1st to June/30, or select the month you like. And you can generate summary or transactions.

[@DanRodgers]

For sure Yen! I have just done it this way for a long time so I'm used to it.

[@Mark0dte]

Great video! I still watch this video frequently as it helps with my book keeping! Your videos are amazing!

[@bmelika]

Was just thinking of this topic..your a legend. You deserve all the best for all the hard work you put into your videos.

[@DanRodgers]

Bassem thank you sir!!

[@opower22783]

This video is EXACTLY what I needed! Seriously, it helped me a great deal! Thanks Dan!!!

[@ismaeylk1]

This is vey informative. appreciated the way you are explaning the details. Thank you

[@abdulsaboor8848]

Hi, Sir please make a video on the product ideas for Q4 with criteria, competition, and launching strategies.Thanks

[@minimumtasvik]

Would you design a course, which is covered step by step all things? Beginner to Professional, not as education, but as tips.

[@DanRodgers]

Hey HAKAN, I am not planning any paid product currently but this could be a cool playlist for the channel, like tips from the beginning to end with multiple videos

[@Dre3dd]

hey man, I'm interested to try FBA from Europe but I'm still learning, thanks for your videos, also I'm watching all the ads to support you :) cheers

[@DanRodgers]

I appreciate that Dre3dd! That's the only revenue stream for this rn :)

[@hennexyoshi8283]

Hi Dan, the thing no one explains is that Amazon bills you the FBA fees VAT exempt. The business has to pay VAT on that huge amount of money for the fba commission. The total profit will reduce a lot, please don’t homit this. Cheers

[@RichHandsome]

Oh I'm definitely saving this one...

[@miamiflorida6965]

Hey Dan, EXCELLENT video! ❤❤❤❤ Can you show us what reports to give to our accountant at the end of the year? Also, you explain things soooo easily!

[@rehanali9804]

just subscribed you Dan .. what a lovely tutorial .. easy for beginners

[@haroonahsin2129]

Simple and straightforward. Instantly subscribed

[@marathonlovers1389]

Hi Dan, Love the video!!! Can you make some videos about optimizing ppc and tacos ?

[@larsbasta2191]

One of the best in the field! Love your content. It is so informative and easily explained. Keep it up!

[@bubbachuck84]

Hi Dan, Thank you again for very helpful video. However, the computation of the Profit doesn't add up. Please see below. I think it's because of the Date Range Report. Total Product Sales 47,692.87 Landed Product Cost -14,152.00 All Amazon Fees -15,750.01 PPC Spend -5,514.45 Profit 13,727.79 Actual Profit 12,276.41

[@zoyanooruddin8657]

Amazon keeps my money in the reserve, can I use this same formula but do income - expenses - COGS?

[@AKH-cq1tq]

Awesome 👍👍 video 👌💪🙉. Good luck, very useful video's

[@javidiqbal9717]

Sir your videos are very useful and knowledgeable. Please make some videos about sale tax and income tax by the end of the month to pay.thanks

[@falcons361]

This is the best vedio ever..it helps me alot...

[@TheRemikarlos]

Great video Dan (and Dan's brother). I remember one of the first videos of you and Seth emphasising on this 33% rule, which led me to apply this approach to my product research. Thanks to you (both) for putting out this amazing content!

[@Cjnchef]

Really great info!! One of the beat Amazon info.

[@puteracamaro]

Awesome content as always Dan, you'll hit 10k in no time. The content I extremely appreciate from you is that you actually go through the Seller Central site and makes the video very interactive. So please keep that style up! Perhaps a video that talks about what you need to do from a sales tax standpoint as an FBA seller? Unless you already did so?

[@ahtishamnazeer]

always fvr8, Big thumbs up Rodger

[@MultiplePassiveStreamsOfIncome]

Any advanced PPC info would be appreciated Dan. Thanks

[@DanRodgers]

MPSOI did you check out the recent PPC series I did? Part 1 and 2? If so, what other specifics? Thanks for the suggestion just want to outline exactly what you are looking for

[@MultiplePassiveStreamsOfIncome]

@@DanRodgers Your PPC series is great! Just didn't know if you may have some advanced PPC hacks up your sleeve. Thanks for the content you deliver

[@DanRodgers]

@@MultiplePassiveStreamsOfIncome I can work on this for sure!

[@khadijatahira4699]

Hi, it was helpful. Can you please guide related to Minus(-) Sign with the amount of total and others in transactions view. Why there is a minus sign with them.

[@elaineallen6108]

Thanks Mighty Dan, Always enjoy the wealth of information you share!!! You light it up, I appreciate it!!!

[@DanRodgers]

Thank you Elaine, and thanks for all your comments and support lately, it means a lot, glad I can help!

[@footballover01]

Awesome vid Dan! The sound effects are a bit distracting but I can deal with that. The one that came with the Lambo made me LOL.

[@DanRodgers]

footballover this is excellent feedback, we were considering toning them down actually, we will adjust on the next one 😁

[@rachnarajput8971]

Thank you so much for this very informative video Dan! Really helpful for new sellers.

[@ranaasad6887]

awesome video, never seen such a great video on reports before.

[@thejonversationspodcast]

This was an amazing video very helpful

[@Tauqeer_Bhutto]

Please make some videos on product research ideas

[@kevinyang1643]

thank you Dan for so hight quality videos . I wish to see you more videos on PPC definitely !

[@anjalijain7035]

Dear Dan, very helpful. Just want to understand these payment reports for India (amazon.in). There s another component "others" as an expense.

[@ranihurd248]

This was an awesome video -thanks! I got so much out of it. I would love more information on how to launch a ppc campaign effectively in a very competitive market .

[@99Auth]

Great... Thank u so much for sharing

[@rl6094]

Hello Dan, great topic and great video. I would like to see a video about How to expand your brand from first product to many.. And also when would be the time to add another brand... and another account. Thanks!

[@joannamielczarska3235]

Great channel, great subjects, great explanations and a Great Guy!! Thank You for all tips and beeing here for Us beginners!!

[@Vscatnapv2]

Thank you so much Dan!!

[@jessicadaniels5782]

How can we see what the customers are buying? I.e. which color.

[@naveenashane]

Great video Dan!! Try to compose a video how to fix your price in Amazon Seller central. Thanks

[@riazali8179]

Love the way you teach thanks buddy

[@edenamzfullpack208]

Hi Another question - how did I get in Business Report other results of total sales compared to the revenue that appears in this report

[@beautybeautykiss]

Thank you very helpful 🤗

[@exoduspod40]

Stand out, quality content as always.

[@DanRodgers]

Thank you Patrick!!

[@galtamari7524]

Thank you for the value Can you make a video about indexing?

[@lisarusso6746]

Very important topic Dan thank you,would love to se your opinion on positioning and pricing strategy from launch to final target price!Thank you, as a non english native I find the way you teach easy to understand,

[@DanRodgers]

Thank you Lisa! That is my goal!! Wonderful! Great suggestions, noting these now!

[@shawnantony3689]

Really helpfull Buddy.Keep On going up .Appreciated for your time given.

[@DanRodgers]

Thank you my good sir!!

[@vasabhatck2]

Great Stuff Dan !! Keep it up !!

[@Soughanunna]

Hi Dan, your videos are always excellent! Thank you! One topic I would like to see as a USA seller is more on how to expand to other countries. There are many USA sellers so it would be great to do it from the perspective of a USA seller. Maybe you could do a special one for expanding from the USA to Europe. Then another from USA to Mexico and Canada. And another to Australia. I would like to know the complete picture including tax and compliance considerations.

[@DanRodgers]

Lee this is a golden suggestion, thank you! I will add this now as an idea!

[@alimoradi8278]

thank you for your nice content

[@wizardkhan82]

very informative and easy to understand Dan thumbs up to you :)

[@DanRodgers]

Thank you wizard!!

[@andyfee2664]

Dan another really great input. You really do know your stuff.

[@DanRodgers]

Thanks Andy, I try! Glad this helps you :)

[@zakariae2636]

this is a very valuable video

[@shabsjohnson6801]

Hi Dan. Great video! I’ve found many ecommerce accountants (or their staff) are also Amazon sellers too. Any tips on how to protect your commercial interests when your advisor is potentially also a competitor?

[@amzpro3070]

hi great video but from where can I download this daterange report template .... Can you provide that?

[@ibrahimhamad9073]

Well done, Dan

[@DanRodgers]

Ibrahim thank you sir, glad this helps!

[@Randinator]

Do you recommend hiring an accountant? If you have any experience with this, are accountants expensive?

[@DanRodgers]

Hey Randy, personally, yes I do. I like having them on board, you just need to find one familiar with Amazon. I use ecommerceaccountants.co.uk but they are based in UK. Ballpark $80 - $140 a month for regular book keeping. Mine are $130

[@elizabethfacundo]

THANK YOU!!!

[@abdolkhairkhwa1357]

Hello dear Dan thanks for the great videos you I did the same thing but my advertising cost Showed zero the cost, not including the invoices don’t know why? Can you please kindly let me know how should include the cost of advertising on this invoice I will appreciate it

[@MultiplePassiveStreamsOfIncome]

Always good info Dan. Who is that guy at the 5:30 mark of the video? LMAO

[@DanRodgers]

Lol I will have to ask my brother, he has a thing for those LMAO

[@chrystallcasurao844]

And so I would like to ask if the report generated on the "Date Range Reports" shall matter and no need to dissect and merge 3-4 settlement period on the "All Statements" tab?

[@guilhiamcernicchiaro5900]

hello Dan thanks for the rich content

[@DanRodgers]

You got it Guilhiam, glad this helped you!! :)

[@TT-bb3wi]

BTW your videos are amazing.

[@extendo7137]

5:29 That's some quick maths there

[@DanRodgers]

swaroop thank goodness it wasn't far off before editing :)

[@extendo7137]

@@DanRodgers 🤣

[@Wired1200]

😂

[@nuizful]

Hi, Dan. I want to know that can we see the revenue report by each product ?

[@jennycomia477]

Subscribed!

[@patati36]

Hi Dan, I love your videos! You ask for suggested subjects for some future videos, personally, I’d like you to speak about A + content but when you are already Brand Registry approved. To be more precise, what in my Amazon central account can I can get access to and how to get the most out of it,. I hope it makes sense to you. Keep on the good work! Patrick, from Montreal, Canada. 

[@DanRodgers]

Great idea! Thanks Patrick!!

[@Hamid8766]

Dear Dan, First of all, I want to thank you for the success of your channel and the useful content you give us every time. How can we contact you personally and ask you questions about Amazon Business? Do you have an online course maybe?

[@DanRodgers]

H N thank you! I do not but I do help Just One Dime with their program if you want to check it out, I made a vid on it here: kzbin.info/www/bejne/n6i8oaWleqiLia8

[@Hamid8766]

@@DanRodgers Thank you Dan! People are discussing how to find a product to sell on Amazon but there is no information how to sell the product that you own! My uncle has the largest leather bag and shoe factory in the Middle East. I want to sell his products on Amazon. Can you guide me on what to consider?

[@raza.o6078]

Thank you bro it helped

[@DanRodgers]

You got it owais!!

[@kellymurphy5993]

Hi Dan, I am a new seller on Amazon, and I am having trouble finding a report that shows which items have sold and what is left at the Amazon Warehouses? Would you know which report would help and how to find it? Thank you!

[@reiw9398]

Really great content Dan! If we are selling multiple products, how do i calculate the exact amazon profit margin for each individual product Dan? Thank you

[@MyLife-tz5do]

Great sir dan

[@mariabenjumea8403]

Hi Dan, to figure out my profit for 2020, since I am not getting a 1099 from Amazon, can I just print a customized summary report from Jan1 through Dec 31?

[@Westrnby]

Hey Dan, wanted to know how you differentiate a product without touching it, you ask directly to the manufacturer, you hire a company in China or USA, or you hire someone else to add a package and combine products. Thanks for your help and your channel content, Cheers

[@DanRodgers]

Hey Westrnby! Plan your differentiation off of review research etc and then collab with the supplier/manufacturer to make it happen. Usually they are able to offer customizations and custom packaging, if intense, you will want to consider those capabilities as you vet suppliers. Overall, yes, directly with the manufacturer/supplier as much as possible

[@boddalost9708]

Dan thanks for the great video, commenting for the algo

[@adrianconstantin5771]

I want a full walkthrough of the seller central and optimizing ppc in detail

[@DanRodgers]

Adrian, great idea on seller central, thank you! Added. On PPC, recently did this actually, check it out in the channel, there's PPC part 1 and PPC part 2 :)

[@TT-bb3wi]

Hi Dan, I've watched a few of your profit calculation videos. Is Duty and Tariff fees part of Freightos shipping estimates? If not, how do we account for those fees in our calculations?

[@extendo7137]

Hey Dan can you make video on custom charge while shipping goods from China to Amazon FBA warehouse, ik this topic is on edge but still want to know what process goes..

[@DanRodgers]

Great suggestion swaroop!

[@extendo7137]

@@DanRodgers 👍🙏

[@areswolf4637]

hi, very good video. I have a question: when you subtract your income with your expenses, it doesn't give $ 27,879 but $ 26,448.41. is it normal? when I substract the two, in my situation it doesn't give the profit that I really made

[@Peace-zh2bt]

Hold on here you said Sales - expense = Transfer please someone clarify Invome - expense is not equal to transfer ?!;*@#£

[@josephw9690]

Wonder the same!! I looked at all YT videos on this topic and none of them explains how this transfer works because it never equals to income minus expenses

[@Wired1200]

Is there an extension that works out the storage fees for an oversized product?

[@David_K_Dickson]

It is built in to Helium 10

[@chiragsingh4284]

Hey Dan you're awesome and thanks for all the information. My question is I launched a product and I have 7 5 reviews and 3.8 ratings in starting and now I'm stuck with 3.8 ratings how do I improve it but I'm not getting sales due to 3.8 stars. Please help me. Thanks.

[@DanRodgers]

Hey chirag! The short but hard answer is: You'll need to get more positive reviews. If a bad review is about the seller and not the product you can have it removed, this is rare but noteworthy so check them. Then work on boosting reviews, options could be: -Lower Price -Coupon Clippings/Codes -Review Services which do things the right way

[@billionaraf.c1977]

You invested around $14000 and you earned $13000 well how it can be the profit because you have to reinvest it gain and vefore this you invested $14000

[@Jusjokesfolk]

are the fees for storage in the 39.99 costs?

[@edenamzfullpack208]

Hi Dan, I have some questions: 1. Is the real profit from the month I chose not the income minus the expenses minus the COSG? 2. The transfer that is transferred to me, does it refer to the 2 deposits that came in in October?

[@themarekshow]

The transfers do not refer to the 2 deposits that came in the same month.