IO Scout FBA Calculator – 2020 Review
IO Scout FBA Calculator – 2020 Review

Living life as an Amazon FBA Seller can be extremely profitable, but it is also hard work. As it is with any worthwhile business. We all know that you have to put the effort in to reap the wonderful rewards!

Why not take advantage of tools available to help your Amazon selling business? Everything from researching brand new products in the hope to find the next best seller for Amazon's Marketplace, to tracking down the best keywords for your products.

Today we take a look at mainly one of the useful tools on IO Scout's online platform - the Amazon FBA Calculator https://ioscout.io/fba on IO Scout. Before we do that though, let's just give an overview of IO Scout, to see how this interface can elevate your Amazon FBA business to the next level.

What is IO Scout?

IO Scout exists as an interface predominantly for Amazon FBA sellers making their profits by selling on Amazon's Marketplace.

Some of the tools available within IO Scout are:

  • Chrome Extension

  • Up to 85 products tracked in the Product Tracker

  • Up to 85 keywords tracked in the Keyword Tracker

  • Product Finder

  • Product Groupings

  • Product Filters

  • Inventory Status

  • Seek items with minimum resistance/high ranking need

  • Trends and History

  • Keyword Research

  • Sales Analytics

  • Amazon FBA Calculator

  • Amazon Sales Estimator

  • Products Database - 200 million items

  • Unlimited historical information and analytics

IO Scout - Price Plans

IO Scout's platform comes with a free trial for new customers, offering peace of mind for Amazon sellers. Test it before you commit to this plan.

Amazon FBA Calculator and https://ioscout.io/sales-estimator Amazon Sales Estimator are completely FREE tools on IO Scout.

And at the current time, IO Scout is offering 25% off all monthly payments.

Depending on your business requirements, you can choose between three price plans on IO Scout, all billed on a monthly basis:

  • Startup - $29 per month

  • Seller - $49 per month

  • Business - $69 per month

IO Scout FBA Calculator

The fuss-free way to establish your profits. Use the FBA Calculator from IO Scout to predict product prices, and work out maximum profitability.

Smart Amazon FBA sellers understand the need to work out exactly the profits you will earn from each product, once all the associated sales fees have been deducted from your sales. But this isn't exactly a straightforward task to achieve on your own, with just an Excel spreadsheet for company.

The FBA Calculator from IO Scout helps you with:

  • The best price point for your products, to earn the maximum profit possible

  • Your advertising budget for your inventory listings

  • The profit margins you can anticipate from each product and sale

  • Your end profits after all deductions have taken place

  • A breakdown of the Amazon FBA selling fees

Amazon charge a variety of fees for the privilege of selling on the Amazon Marketplace. These include:

  • Referral Fees

    Every single sale you make on Amazon's Marketplace is subject to a sales fee.

The sales fees are payable whether you are on an individual or professional Amazon selling plan. These particular fees are dependent on a) the price, and b) the product category.

The sales fees work out at about 15% typically, but for a precise calculation, you can use Amazon's Referral Fee tool here.

It will go in your favour to verify which category your planned products belong to, and make sure the referral fees aren't too inflated, so you don't pay all your revenue to Amazon!

  • FBA Fulfilment Fees

Fulfilment fees vary, depending on the size and weight of your goods. This fee is incurred in place of your own shipping, management, and packaging costs.

  • Inventory Storage Fees - you are liable for further long-term storage fees if your products are stored over a year.

These storage fees are payable per unit, and can add up rapidly. Choose your products wisely to store in your inventory to avoid having to pay these long-term storage fees.

Variable Closing Fees - The product list that these specific fees belong to are:

    Books

    • DVDs
    • Computer Consoles
    • Videos
    • Music
    • Video Games
    • Computer Software

    Amazon Seller Account Fees

        Choose between Individual and Professional selling plans when selling on Amazon. The individual plan will set you back $0.99 for each product you sell, whereas the Professional plan, paid for monthly, costs $39.99.

        Chrome Extension

        Simple and straightforward to download, utilise IO Scout Chrome Extension for Amazon sellers, and you'll have what you need at your fingertips, whenever you require it. Save time with data analysis and bookmarking references, all without having to go back and forth to different applications. More time saved = more profitability! You can check out all the product reviews too, and delve behind the data to uncover meaningful insights.

        IO Scout - Conclusion

        With the inclusion of Chrome Extension, and all the unique products available to cover every aspect of your Amazon selling enterprise, you're definitely going to find great value from IO Scout. The price plans are very competitive too, compared with others on the market online today.

        And you'll more than likely find you will save yourself a whole lot of time, too. Time you can spare to spend on your business, making smart decisions which, at the end of the day, are going to help you make more out of your Amazon FBA selling enterprise, and drive more interaction with your listings, leading to more profits overall.

        Check out the FBA Calc from IO Scout, and learn how to simplify this one aspect of your FBA selling business.