Scoutly / FBAscan Profit Trigger Tutorial for Amazon FBA

Here's how to set up Scoutly fbascan fba scan profit triggers. Use this tutorial walkthrough to set up your own Amazon FBA triggers easily.
*Please note that unless otherwise stated, these are my personal referral links, and using these links earns the channel a commission for sending you to them. You do not pay anything additional for using these links.*
Tools
Scanning / Sourcing - Scoutly ( formerly FBASCAN) Get your 30 day free trial, and turbolister listing software is included. www.asellertoo...
Listing - Accelerlist accelerlist.com#_r_manuel47 Sign up for a free 14 day trial of Accelerlist
Bookkeeping - The Book Flipper tracking spreadsheet to analyze my business' performance and run it more effectively. gumroad.com/a/...
Scanning Setup
Eyoyo 1D Bluetooth Scanner amzn.to/313o5u1
KDC 200i Barcode Scanner amzn.to/2LxzDzb
Sports Wristband Phone Holder, 360 degree rotation amzn.to/2PTll1v
3M Scotch Heavy Duty Fasteners for phone mounting amzn.to/31esQBn
Prep / Listing Setup
Scotty Peelers, set of 4 amzn.to/2ZONfPK
Ronsonol Lighter Fluid amzn.to/312QfFy
TaoHorse Hands free Desktop Scanner amzn.to/314Qgcd
Dymo Label Printer Labelwriter 450 amzn.to/2ZT5aAH
Dymo Labelwriter 4xl for Shipping Labels amzn.to/2ZXZa9U
Houselabels #30336-R 1” x 2 1/8” Dymo Compatible product labels amzn.to/2UHm1pk
Houselabels #30252-R 1 1/8” x 3 ½” Dymo compatible product labels amzn.to/2ZJYNEA
Dymo Shipping Label #1744907 4” x 6” amzn.to/2ZJYNEA
#Scoutly
#fbascan
#amazonfba

[@MannysBookBag]

4:15 What profit triggers do 5:53 Book trigger summary page 7:08 7 decisions made in a trigger 20:30 Profit triggers on poorer ranking items 24:07 My trigger for long tail books 29:22 Advanced Tips 35:02 Making Merchant Fulfilled triggers

[@theentrepreneurialspirit1204]

Amazing video! Thanks Manny! I really needed to learn all of this.

[@MannysBookBag]

I’m very happy to have helped. Thank you for watching.

[@kevingiles9592]

Excellent video, went over all the details a couple times to get as much of an understanding as I can at this time, being new to FBA. Look forward to more of your videos! Thanks!

[@SusanLynn656]

Hi Manny. Great video. 1st timer here, now subscribed and thumbs up! 😊

[@MannysBookBag]

Thank you for watching and glad to hear you found the video helpful.

[@kev5001]

GREAT video Manny, I've been struggling to get my triggers right. Thank you! Thank you! Thank you!

[@MannysBookBag]

I hope you found some gold nuggets in here. Thank you for supporting the channel.

[@0lddragracer426]

Thanks for this video Manny, it sure was needed. I still am not sure how to use all the other profit triggers if I wanted to sell something besides books.

[@MannysBookBag]

Glad it helped. Thank you for watching.

[@joselmartinez796]

great video thank you, Hi do you a video on how to setup triggers for RA ?

[@MannysBookBag]

No. I haven’t got any RA triggers finalized yet. I would say the principles are going to be be similar and you just have to flesh out your criteria. In this cloud triggers video, I do discuss that you can now set up triggers for each category you want. kzbin.info/www/bejne/jqTJnXR5g9eIg5o

[@joselmartinez796]

@@MannysBookBag thank you very much

[@MannysBookBag]

My pleasure. Thank you for watching and supporting the channel.

[@cindypoe2898]

:) Great video Manny, Thank you!

[@MannysBookBag]

Thank you, Cindy. I hope it was helpful.

[@fishmagnetman]

Great info!

[@danmarkiewicz3697]

Thanks, and enjoyed your presentation, but I have a question on your triggers. On each trigger, you set your minimum “Rank” to 1. If I look at the manual on the Scoutly site, in each trigger, the minimum “Ranks” are all much greater than 1. Same is true with other KZbinrs that discuss how to set triggers. Why did you choose to use 1 in the minimum Rank column? Thanks again.

[@MannysBookBag]

I don’t believe anyone would actually create working triggers that all begin at a rank of 1. These were never meant to be working triggers, merely a tutorial on how to set the parameters that you source by. Many sellers only source off if a single trigger or two. When you create profit triggers, you will create specific rank ranges with a set profit requirement for each range.

[@MannysBookBag]

We’ve been having some really good discussion in the Asellertool Facebook group about profit triggers. One suggestion. I would make is to not use the option to set a minimum MF price when you’re operating with multiple triggers. It seems to cause some false rejections, so you’re better off relying on the other 6 decisions in the trigger to determine a buy or reject. If I were using just one trigger as a catch-all filter, I think setting a MF minimum price would be useful.

[@dennispieretti2260]

Manny, interesting video. As a new person to this I have had some training which recommends not going below a Sales Rank of 500,000 as a new person. I have set two triggers. My first Sales Rank is set from 1 to 300,00. and the second sales rank is set from 1 to 500,000. I would like to know what you would suggest for both of these triggers. For the near future I want to stay with books that will sell fairly quickly. I would like to hear your specific suggestions to my remarks. Thank you.

[@MannysBookBag]

I would begin by saying that the concept of sending faster turning inventory when you are new is a sound one because it will help you to build cash flow. I was a fine example of a new seller whose inventory was too long tail in my beginnings. In your example, I think that a ceiling of 500,000 is slightly too conservative. Keep in mind that a book that has an average rank of 1 million will sell a copy every 7 to 10 days. I would have no problem with finding books up to that mark. I would also recommend that your first trigger be a bit more specialized. Instead of capping that first trigger at 300,000, I would recommend some things quite a bit tighter, like 100k. You can use this trigger to isolate the fastest selling books. This will allow you to make some individual decisions such as expected profit. I am not saying that a new seller should work their margins too closely, but it is very common to be willing to accept A slightly lower profit expectation because of how quickly they sell and turn into cash. From there, you can create rules for your second trigger, ranging from 100k-500k, and a third trigger which will cap out at 1 million. You can still play a conservative Game with this trigger by expecting a slightly higher profit. I hope that helps.

[@evasteen4461]

Awesome, thank you very much! Do you have the triggers available for CD's? Thanks!1

[@MannysBookBag]

Thank you very much. I don’t personally use profit triggers, so I’ve only mocked up triggers for the book category. I would imagine that you could take the principles in this video and very easily translate them to any category. Thank you again for watching.

[@PGric9989]

Manny thanks for the great content. Quick question. Do you suggest having the MF check with a price as you have in the video for triggers 7 through 10? I saw you post about it causing false rejections. Should I uncheck them for triggers 7 through 10? They are the only triggers I have this block check with a price? Thanks

[@MannysBookBag]

Great question, and thank you for following up. After asellertool pushed out cloud triggers, it highly prioritized profit triggers over basic and advanced triggers. I’ve put quite a bit of testing time into triggers, and I would highly recommend never ever using the box for minimum MF price. Leave that unchecked.

[@PGric9989]

@@MannysBookBag thanks for the great advice. I'm only using the profit triggers. No advance plus and basic triggers. I only have the MF box check for triggers 7 thru 10. Should I uncheck it seeing how. I'm only using one set of triggers? Also is there a way to set up a trigger for books that don't have an FBA offer. I ran across it today but luckily I was looking at the screen. If I wasn't looking at the screen I would have missed a 10 dollar profit on a book.

[@cruze.6928]

Hi Manny. Again, great video 👍 I have a question, what kind of license do you have to sell in amazon?

[@MannysBookBag]

In terms of Scoutly, I use the pro database plus unlimited live scans. It pairs perfectly with my Amazon professional account.

[@cruze.6928]

Manny's Book Bag I did not explain myself clearly with my question 😂 What I wanted to ask is; Do you use any business or seller license? You know, for taxes and business permits. I’m “new” as amazon seller but I know I need a license to sell any kind of products. Thanks Manny ✌️

[@MannysBookBag]

Absolutely. A business license through your state is going to give you protection from some liabilities we endure as sellers as well as added tax benefits at the times of purchases and tax filing. The most common licenses I see are sole proprietor (s-Corp) and LLC. Ask your tax pro which option maximizes your tax savings.

[@sidehustle2478]

Ok so right now I am using the advanced triggers option where I did not adjust under the profit triggers option but the advanced option per help from a course I am a member if so should I try to set up per your instruction and see which would be best. Manny what about other categories is there a video on that available. Finally what is a target rank and ir days with sales one should look for as long as it's a go. Do you have a cheat sheet for triggers one should use. Thanks

[@MannysBookBag]

I would first say to use what is working for you. If you are comfortable with the advanced triggers, that I would tell you to keep using them. Here’s the thing, though. Asellertool is going to be adding a lot of functionality including cloud triggers on the profit triggers, so if you could start working on replicating what your advanced triggers do in the profit triggers instead, it may be beneficial in the future when they stop supporting advanced triggers. The “other” triggers are triggers for any category that is not listed. So categories like automotive or toys are categories that you can set up triggers for in other.

[@sidehustle2478]

@@MannysBookBag ok got it so that would be a yes lol. Np I will need to listen to this video again you cover a great deal and I am sure I missed something I need to know thanks.

[@johndriver7260]

Amazing video thanks! I have one question. Many times when I scan an item the highlighted price on Scoutly is the lowest MF price even though there is an FBA offer and higher MF prices. And it rejects the book when the FBA price would be a buy.

[@MannysBookBag]

Assuming that you are using profit triggers, I would take a close look at which MF price is being viewed for the target price, whether it’s 5th lowest, last visible, etc. Also, API limitation could be a factor if last visible MF isn’t being looked at in database mode. On occasion, you will get a reject in database mode that becomes a buy if you perform a live scan. This is where the testing phase is helpful. You can look at what caused the reject and continue to adjust those triggers until the number of these incidents is infrequent. Best of luck in the process.

[@mjlaramore]

Just use the preset triggers and pay attention.

[@MannysBookBag]

Are you looking at each scan regardless of buy or reject?

[@mjlaramore]

Manny's Book Bag Just listening to my headphones 🎧 and intuition.

[@russelltherawman596]

Wow mine is still called FBA scan . Think I should reset it ?

[@MannysBookBag]

LOL. As long as it does the job and has all the updates. I hope you enjoy the video.

[@jayngo23]

this works in canada ?

[@MannysBookBag]

It works for live mode, although they do not have database lookup available for Canada.

[@uniquenamebyme]

Hey Manny, Is there a group I could join in facebook to ask more questions about profit triggers?

[@MannysBookBag]

Absolutely. You can join the Asellertool Facebook group. facebook.com/groups/141983739305542/?ref=share

[@jerbiya4]

thank you! Btw your link to asellertool doesn't work

[@MannysBookBag]

Thank you for watching, and I will check that error.

[@movieclipz5034]

Hey Manny, I got a book that's selling for about $300-600 used and it is also signed by the author, but only has 2 sales in the last 6 months, not sure how I should price it.

[@MannysBookBag]

I always look to see what comp sales are visible on eBay first. The autograph itself is worth mentioning in your Amazon description, but it doesn’t usually create any extra revenue on Amazon. eBay is often better for unique books like this. If selling on Amazon, I would price as normal. In the case of a book that only sells a few times a year, I always aim to be the lowest price so I can grab the next sale.

[@cindypoe3779]

Hi Manny, hey I’m just a little confused. So FBAScan is Scoutly or Profit Bandit. I just signed up with Profit Bandit paying the $10. So when I’m setting up Triggers it would be setup in Scoutly? 😃 thank you.

[@MannysBookBag]

Profit Bandit is a different company. FBAScan became Scoutly.

[@cindypoe3779]

Thank you Manny! 😃👌🏻

[@nikkopratshontiveros6579]

why the website for registration not secure

[@MannysBookBag]

You should reach out to Asellertool directly with any website specific questions.

[@estophelesgray7868]

Hi Manny. What is the best way to contact you?