Wednesday, November 27, 2019

Understanding Amazon 1099 to Prevent Catastrophe in the 2020 Tax Season

‍Let's get one thing clear, when it comes to your Amazon 1099, you're going to be in for a challenge. This form doesn't match any other downloadable report from the same Amazon platform.

Amazon 1099-k

Sellers are often worried - Amazon submits the 1099 report submits to the IRS.

Fear not! We've written the following post to take all the guesswork out of your Amazon 1099 numbers. This article will help you:

  • Understand your IRS Amazon 1099-k Report.
  • Determine your gross revenues so it squares with the figures on your 1099-k Amazon report
  • Calculate all the expenses you're charged at Amazon
  • Figure out any Amazon refund amounts
  • Gain a clearer understanding of how your biweekly Amazon payments are calculated

Understanding the Amazon 1099-k

The revenue figures you see on your Amazon 1099 report is the total of the following:

  • Sales of products
  • Credits for shipping
  • Promotional rebates
  • Sales tax collected

To track down these numbers, you simply need to download your account's date range transactions report.

To access the transactions report, follow these steps:

  1. Click Payments on your Reports tab
  2. Select Date Range Reports on your Payments page
  3. Select Generate Report on your Date Range Reports section
  4. Pick Transaction among the options in the drop-down list under Select Report Type
  5. Under Select Reporting Range choose Custom and select a time span of January 1 - December 31 for the applicable year.
  6. Click on the Generate button
  7. Download the resulting report.
Amazon 1099 Transactions Report

After you have a copy of the report, filter it using Type. Make sure to include only Order transactions.

Once you have added the four columns listed earlier, the figures should mirror the 1099-k numbers reported by Amazon.

For the life of me, I am still confused about why Amazon did not make the transactions report and 1099 amounts easier to access.

Amazon 1099-k Figures and Bookkeeping

Amazon FBA 1099

Amazon reports your 1099 to the IRS, so it is extremely important that your 1099 figures from Amazon match the revenue you report to the IRS.

Additionally, you don't want to end up paying more money than you have to in taxes.

To ensure this does not happen, we highly recommend you need to use some sort of bookkeeping tool. We created taxomate to automatically send all your financial accounting information (including data for 1099) to QuickBooks or Xero.

Whether you go with Xero or Quickbooks Online, the process I'm going to describe below is fairly similar among those two platforms. If you would like to see a detailed comparison of the two accounting software check out our article on the topic.

Amazon 1099 by Example

To get started, create or link your bank account to QuickBooks or Xero. This bank account will represent the accrual account credited when your Amazon store makes a sale. I dubbed this account the "Amazon Payment Account" on my accounting software (feel free to name it however you would like).

It's very important to note that the system that I've described below considers Amazon income to be earned once the customer completes the transaction. This is very important because the alternative way of accounting for this is to calculate income when Amazon actually distributes cash. This way, we're able to get the exact same revenue numbers which Amazon reports to the IRS using the 1099-k form.

Entering into QuickBooks / Xero

Amazon 1099-k
Photographer: Helloquence | Source: Unsplash

All the numbers that you need are going to be listed by the transactions report you downloaded from Amazon earlier.

To get started, create a Sales Receipt or Journal Entry in your accounting software for each settlement period with the customer "Amazon Marketplace Place".

The revenue amounts should total the numbers in your 1099. The income figures you may see include:

  • Collected sales taxes
  • Promotional rebates
  • Credits for gift wrapping
  • Credits for shipping
  • Product sales.

Expense figures will not show up on your Amazon 1099-k but will show up in your transaction report. The expenses figures you may see include:

  • FBA fees
  • Amazon selling fees
  • Advertising Fees
  • Any other fees listed in the transaction report.

The deposit represented by the Sales Receipt or Journal Entry is accounted for in the Amazon Payment account, the accrual account. This allows for easy reconciliation with the bank deposit.

Once you save the receipt or entry, you can then match them over your bank deposits.

This article should have given you enough information to provide you with an idea of how to reconcile your 1099 with Amazon's reports!

Sunday, October 27, 2019

🤖 Connect TurboTax with Amazon FBA Marketplace for Amazon Sellers in 2020 🤖

Step 1. Integrate Amazon and QuickBooks Online with taxomate

Integrating QuickBooks with taxomate is quick and easy. After connecting your accounts, simply map your accounts QuickBooks with income and expenses from your Amazon statement.

Turbotax Amazon FBA

After sending a statement to QuickBooks for testing, you can now set up Amazon to auto sync with QuickBooks!

Step 2. Importing from QuickBooks to TurboTax

Amazon to TurboTax

QuickBooks Online doesn't yet directly integrate with TurboTax Online.

However, worry not!

a. For TurboTax Online

You can easily run reports in QuickBooks Online to capture all the data required to enter into TurboTax, such as Profit & Loss and Balance Sheet reports.

Amazon FBA Turbotax

b. For TurboTax Desktop

Amazon Seller TurboTax

TurboTax Desktop (Mac or PC) allows you to import the QuickBooks Online file. Here are the steps to import:

Step 1. Open your return in TurboTax Business.

Step 2. From the File menu in the upper left corner, select Import > From QuickBooks.

Step 3. Follow the on-screen instructions to import.

Step 4. That's It! taxomate really makes Amazon Seller Central and TurboTax integration easy

Six Reasons to Use TurboTax

1. Taxes done right, guaranteed

The guarantee that they claim is 100% accuracy. Their solid error checks ensure that your tax return is finalized well. If you pay state penalty or IRS or interest due to any error TurboTax could possibly incur, they will pay the charge for you. That’s how confident they are that they can do their job spot on.

2. Expert help, live on-screen

An actual TurboTax expert will guide you on screen with their SmartLook system. They’ll draw right on your screen to get the answers you need in order to file seamlessly. All you need to do is follow the guide and head towards the best track.

3. Fastest tax refund possible

You can get the fastest tax refund here by simply filing your tax return digitally. If you buy the TurboTax Online or their CD/Download, you can even get the e-file of your federal tax return FREE of charge.

4. Capture your W-2 in a snap

Just capture a photo of your W-2 with your smartphone or tablet, confirm the information and watch as your data is carefully placed into each tax form suitable for you.

5. Security and confidentiality assured

Your information is in safe hands with TurboTax. You can file taxes with confidence with them.

6. Service on the go

Wherever you are, whenever you need to, you can get your taxes done with TurboTax mobile app. You can easily pick up where you left off even after switching devices.

What do I need to get started with TurboTax?

You don’t need anything complex. All you need to ready is your email address. In just a few clicks, you can get everything set with a breeze. Just answer a series of easy questions, and you’re good to go. You do not even have to get your 1099s or W-2s. TurboTax can import your data directly from over a million participating financial firms and employers.

Despite the convenience of TurboTax and other online tax solutions, only 21% of Americans actually use them. The majority of the rest still use live tax professionals to get the job done.

TurboTax costs less than a hundred bucks, and actual tax experts cost up to four times higher. Perhaps it’s about time for a wide adaptation of this resource to save cash and to promote real automation. TurboTax is a great solution for your Amazon seller bookkeeping needs.

So . . .

It's not an easy task to export your Amazon statements to QuickBooks/TurboTax. However, once you get started using taxomate it becomes much easier. Let taxomate do the heavy lifting!

Monday, October 7, 2019

How to Quickly and Cheaply Purchase Amazon UPC Codes 🏷️

As a new (or expert) Amazon Seller it is always important to understand Amazon UPC codes. Amazon requires all products to have a UPC prior to being listed.

The only requirement Amazon places on these codes is that you purchase a “GS1 UPC code”. However, you can't just create your own UPC Code, you have to buy through a reputable website (see below).

Do you Need Amazon UPC Codes to Sell Products on Amazon?

The reason you need a UPC code to sell on Amazon is that you can enter something into the product ID field when you list a product for sale. Select “UPC” from the drop-down menu of the “Product ID” section. You can’t even list a product to sell on Amazon without an appropriate UPC code.

UPC Codes are also known as “barcodes”.

What to Put In the Amazon Product ID Section

EANs and UPCs are the main Amazon product IDs used in Australia, New Zealand, and many Western and European countries (including USA, UK, Canada)

Amazon UPC Codes

How to Purchase Cheap Amazon UPC Codes

  1. Buy Amazon UPC codes through a reputable website (see below)
  2. Download the barcodes through an Excel spreadsheet and JPEG images
  3. Create your Amazon Product Listing
  4. Enter the UPC code into the “Product ID Field” to verify its authenticity
  5. Complete your product listing

Where to Buy Amazon UPC Codes

Cheap Amazon UPC Codes

When people look for cheap UPC codes they turn to shady sellers and get them from eBay. It’s most likely that these cheap codes are recycled. Using recycled codes may lead Amazon to believe you sell fraudulent products, which get your account shut down. Let's take a look at some trusted sellers of cheap Amazon UPC codes:

  • Snap UPC: a trusted UPC code seller for Amazon. They also have codes for other sites including eBay. Sellers can buy individual barcodes for five dollars each, or get bundles for better savings – up to $0.10 per barcode.
  • Order Barcode Labels is another trusted seller. Amazon sellers can use the website to generate barcodes for their products and purchase them. The prices for labels range between $15 for 250 labels up to $25.50 for 1000 labels. Labels are also available in a variety of materials and sizes, including the option to purchase waterproof labels.
  • Buyabarcode.com: An online store where you can purchase barcodes at a range of prices from $75 for a single barcode to $995 for 200.
  • Barcode Mania: One of the most reasonably priced barcode providers around. They have barcodes available for just $4.99 for a single barcode, with prices going up to $140 for 600 codes.

UPC Code for Amazon FAQ

1. How many UPC codes do I need per product?

You only need to list one UPC code for new products on Amazon. For example, one UPC code will cover all “t-shirts”, no matter how many shirts you sell.

2. I’ve never sold products on Amazon before but want to start a private label business. It asks me for a product ID whenever I go to create a new product. Is that where I enter the UPC code?

This is where the UPC code goes. You need a product ID to list a new product on Amazon. Choose UPC from the menu and enter the appropriate UPC code.

3. Will the UPC code be the same for the same products?

The UPC code for the same products will be the same. You can use one UPC code for many matching products. If you have already listed an item, then just change the amount of product you sell.

4. Do I need a UPC code to list a product I’ve already got a listing for on Amazon?

If you will list the same item more than once on Amazon you should be able to piggyback on the current details page instead of having to make a brand-new one. This means you don’t need to purchase a UPC code if you already have the item up for sale. Choose ASIN for the product ID and enter the ASIN number from the existing listing.

5. Do I need to physically put the Amazon UPC code on the products I list?

You can list as many products as needed through a single UPC code. If you are selling 100 hairbrushes, then you only need the one UPC code for the product listing on Amazon. You don’t need to actually put the UPC code on the product either.

Amazon gives each item you list a unique identifier. This code is what you put on the actual products. The UPC code is only there for listing the product.

6. What are some other common terms in the Amazon Product ID section of Amazon listings?

ASIN

The ASIN is the Amazon Standard Identification Number. It is a 10-digit alphanumeric unique catalog number assigned by Amazon that won’t actually be generated until the product is listed.

When creating a new product listing with a UPC code, Amazon assigns the new listing an ASIN identification. This is how the systems at Amazon keep track of which sellers are selling which versions of which items when multiple people list the same products.

GCID (for Advanced Users Only)

When creating a brand on Amazon you will be given a unique identifier for your brand to list products under. 

The ID can only be used when adding new products that are part of the approved registered Brand list.

Registering your brand on Amazon allows you to circumvent the entire UPC code stage of listing a product. It allows you to sell products without a UPC code. It’s something to consider once your sales ramp up on the platform.

GTIN

A GTIN is part of another code, such as an EAN or UPC code. These are 14-digit codes used to identify products, services, and items. Think of them as the umbrella that collects the GS1 barcodes we’ll be using, including UPC codes.

Keep things simple by keeping in mind that all product listings require a UPC code. This should be standard practice for you.

So . . . 

Remember that you only need a UPC code to make an initial listing on Amazon. You don’t need to physically apply them to each product. You also only require one UPC code for each variation of your product. You don’t need UPC codes if you sell via retail arbitrage. Products you get via arbitrate are shipped with barcodes that you can use to list and sell products.

Don’t forget that you just want to sell your products on Amazon. You don’t want to have to worry about UPC codes and logistics. You don’t need to get much deeper into the discussion on UPC codes. This is only a small part of ranking products on Amazon and running your own Amazon business.

Wednesday, September 18, 2019

📦 Demystifying Cost of Goods Sold Guide for Amazon Sellers

When the calendar switches to a new year, business owners from all over the United States breathe a collective sigh. You can almost hear it. This tells you that it's almost time to deal with terms such as Cost of Goods Sold during tax season.

This is not exactly the most popular time of year for many business owners. It is that time of year when invoices, receipts, and other financial records are gathered together, so these entrepreneurs can see how much they owe the government.

Online businesses are not immune to this. You probably are feeling the same pressure as tax time gets nearer and nearer. When I first started selling on Amazon, I was told “cost of goods sold" is an important term to understand.

What the heck does cost of goods sold mean? This article defines what the term means, how it's calculated, and how to estimate, for tax purposes, your inventory value.

Defining the Cost of Goods Sold Formula

Cost of Goods Sold for Amazon Sellers
oods

Business tax returns require that you supply COGS (cost of goods sold). This amount reduces your business income. It has the effect of DECREASING the amount of business taxes you have to pay.

It is important that you get this number right so you can reduce your tax liability. WOHOOO!!!

To calculate COGS formula, you have to take into account all the costs involved in producing or buying the products you have sold. Calculating these expenses can get quite messy. This is especially true if you manufacture or sell many different product lines.

What follows is a step by step guide that helps you calculate COGS. This is a manual process.

If you already chose automated tools like the inventory control software we offer at taxomate, you should still read the information below. It gives you a clear understanding of the COGS concept and the numbers you need to calculate it.

Calculating Cost of Goods Sold

This is a step by step sample process which calculates Cost of Goods Sold for just one product.

Step #1: What goes into a COGS calculation?

The COGS equation is as follows:

Starting inventory + Any Additional inventory - Final inventory = COGS
COGS for Amazon Sellers

Quick Example:

$20,000 (the year starting cost of inventory) + $10,000 (inventory bought and added to existing stock for the rest of the year) - $20,000 (inventory available at the end of the year) = $10,000 (this is your cost of goods sold)

COGS calculation enables you to deduct the product costs of the inventory you move. It doesn't matter whether you are a retailer or an actual manufacturer.

Understanding Direct and Indirect Costs

COGS has two components - direct and indirect costs.

Direct costs relate to expenses incurred when you purchase or produce your products. Indirect costs are expenses tied to the processes associated with selling your products. This can include equipment, labor, facilities, and storage.

Step #2: Defining your direct costs

At this stage, you have to calculate what your direct costs are. These can include the following:

  • The cost of completed product inventory
  • Direct expenses you have to pay due to production-related overhead
  • The value of the supplies you had to buy to produce your products
  • Cost of packaging
  • The raw material costs to manufacture your product
  • The amount you had to pay to acquire products so you can resell them

Step #3: Defining your indirect costs

You also have to calculate the amount of indirect costs you incurred. These include:

  • Depreciation value of the equipment you used to package, produce, process or store your product
  • Equipment administrative costs (these are expenses related to equipment that is not associated with the production processes)
  • Administrative labor expenses (these are paid to people who supervise the production process)
  • Costs of storage
  • General labor costs (these cover the wages of any production employees you may hire. This also includes temporary workers)

Step #4: Calculating your facilities costs

Usually, this step is best handled by a trained tax professional or CPA. Facilities costs are quite tricky and hard for lay people to calculate.

Complicating things is the fact that a certain percentage of expenses related to facilities involved in production is prorated to each unit of product you produce. This can include anything from utility costs, mortgage interest, rent, etc. Best to leave this one to the pros!

Step #5: Determining your initial inventory

This figure is pretty straightforward. This is just your inventory you had from the previous year. This figure covers completed units, products in the process of production, as well as stock available for sale.

Step #6: Adding the cost of inventory purchases

This amount is the cost of any product you added to your inventory (after the starting inventory). This can cover manufacturing costs as well as shipping costs of products manufactured by somebody else.

Step #7: Calculating your ending inventory

Ending inventory costs are calculated by physically counting whatever stock you have on hand. Please understand that if you have any obsolete or damaged stock, this can reduce your year-end inventory costs.

Step #8: Determine your COGS

If you've properly calculated the figures for all the previous steps, you should have all the data required to figure out your COGS. You can choose to do this on your own. But if you want to protect yourself, you should have a professional tax preparer assist you.

Let's Calculate the Value of Your Inventory

The last thing you need to do is to choose the valuation method for your inventory. The IRS allows for the following three methods:

1. Retail Method

This is the retail value of the product you offer minus your markup percentage.

2. Cost Value Method

The amount you spent to acquire the item you're going to sell plus the cost of shipping.

‍3. Lower of Market or Cost Value Method

The IRS allows you to pick the lower figure between the cost of your inventory on a particular date every year or its market value.

Which inventory valuation method should I choose?

Among the three valuation methods above, the easiest to track is No. 2 (Cost method). Most small businesses prefer this method.

On the other hand, if you deal with products that have costs that are very difficult to figure out, you can use either of these following methods to track your costs: FIFO (first in, first out method) or LIFO (last in, first out method).

Consult with your qualified tax professional to see the pros and cons of each of the methods above. They will help you pick the method that would work best in your situation.

What's important is that once you have selected one of these methods, you have to stick to it. Otherwise, you're going to have to get permission from the IRS to switch out of the particular method you have chosen.‍

Keep these tips in mind:

  • COGS deductions only cover items that you have sold. If you bought or produced inventory that has not sold, you could not expense their costs.
  • Existing tax regulations do not require small businesses (those that make below $1 million in annual sales) to report their inventory.
  • To get more information on inventory valuation and other issues, take a look at IRS Publication 538.

Thursday, September 5, 2019

🆓 Top 10 Free Tools for Amazon Sellers in 2019

Free tools for Amazon Sellers can truly take your amazon selling selling game to the next level without having to invest hundreds of dollars a month.

It’s always worth getting professional grade tools, but until you’ve got the money for these kinds of things here are the top 10 free tools for Amazon sellers.

  1. Scientific Seller
  2. CamelCamelCamel
  3. Keepa
  4. FBA Calculator for Amazon
  5. Google Trends
  6. Google Keyword Planner
  7. AMZ Base
  8. URL Shorteners
  9. Unicorn Smasher
  10. Sonar Tool

1. Scientific Seller

Free Tools for Amazon Sellers

Self-described as the "The World's Slowest Keyword Tool" Scientific Seller is by far our favorite of the free tools for Amazon Sellers.

Scientific Seller helps you find low-competition long-tail keywords. Use the keywords in your PPC and the "stuff" words in your listing keywords. Check it out!

Also check out our article on Amazon Seller Long Tail Keyword Optimization

2. CamelCamelCamel

CamelCamelCamel Review

CamelCamelCamel is a great tool for FBA users and is a Google Chrome Extension. It will send you an alert whenever the price drops on a particular product, and it offers you the latest updates on the price history and sales ranks of products.

3. Keepa

Keepa Amazon Seller Review

Keepa is a tool similar to CamelCamelCamel and is also a Google Chrome Extension. The main difference between the tools is that they offer different time frames into a product history.

CamelCamelCamel focuses on the long-term and overall performance, whereas Keepa is more about the short term.

It offers an immediate overview of how products perform on Amazon. The history of a product is important, but that doesn’t mean you can overlook the short term.

4. FBA Calculator for Amazon

FBA Calculator for Amazon

Knowing what keywords and prices to apply to your products is only part of the overall battle of selling on Amazon. You should also have a means to calculate the profit margin of a product after charges and fees. The great thing about FBA Calculator for Amazon is that once you install it you can use it directly through the product page.

5. Google Trends

Google Trends Amazon Sellers

Much like products and prices, keywords have their own historical trends and their own patterns.

Google Trends lets you learn more about how keywords have performed over time. You’ll be able to take the data and use it to find out what keywords to use at the right time. For example, you shouldn’t use winter-based keywords during the summer.

6. Google Keyword Planner

Google Keyword Planner for Amazon Sellers

Google Keyword Planner lets you type in some search terms and see what their monthly hits are in an instant. You’ll also be able to see the competition for the different terms.

Even better than all that, is that Google Keyword Planner also highlights some related keywords, just in case you need more information. There’s also live support, for total peace of mind.

7. AMZBase

It’s time you changed how you searched for products.

Start taking advantage of AMZ Base now to find ASINs and descriptions in a flash. Find historical prices of products to beat out the competition.

8. Bit.ly URL Shortener

Bitly for Amazon Sellers

Bit.ly is the best ways to shorten your URLs. A URL shortener makes it easier to promote your product links. They also track how many times the links are clicked on, giving you a basic idea of how interested people are in your products.

9. Unicorn Smasher

Unicorn Smasher is a great tool, but you should be prepared for a crazy design when you first open it up. There’s a lot of graphics and colors to get past. Once you do though, you’ll see a service with lots of great features, including monthly estimates, revenue estimates, data analysis, and more.

It gives Amazon sellers the kind of information they need to make informed decisions and have a good idea of where their business is headed.

10. Sonar Tool

Last but not least we have Sonar Tool. This free tool for Amazon sellers aggregates product data to create an effective database. It’s a useful tool for researching which products are worth investing in and which aren’t.

Final Thoughts on the Top Free Tools for Amazon Sellers

There are a lot of great tools out there that can help you in your journey as an Amazon seller. These are only ten of the best free tools.

There are plenty of other free tools, and some paid ones that are worth your time and attention too. Try out these tools and take your Amazon game to the next level!

Saturday, August 31, 2019

🔥🔥 Growth Hack Your Amazon Business With This Massive List of Tools for Amazon Sellers: Updated for 2020

With pipemonk shutting its doors a while back, we figured we would continue the incredibly helpful "Massive List of Tools for Amazon Sellers" started on their blog. Please us know if there is anything that you suggest adding to our list of top tools and software for amazon sellers in 2020. Here is an overview:

  1. Listing
  2. Business Analytics
  3. Competitive Intelligence
  4. Pricing
  5. Customer Reviews
  6. Inventory Management & Multichannel Fulfillment
  7. Accounting & Taxes
  8. Sales
  9. Toolkits
  10. Additional Marketplaces
  11. PPC and Advertising
  12. Outsourcing
  13. Newsletters
  14. Consultants
  15. Sourcing Suppliers
  16. Free Tools and Software for Amazon Sellers

1. LISTING TOOLS

Amazon Listing Tools

Amazon Batch Listing by Seller Engine

The Listing Tool allows you to batch list hundreds of items all at once with a few mouse clicks. It also supports FBA shipment management and label printing.

AccelerList

The new standard for Amazon product listing. Leverage the fastest Amazon product listing software in the industry. Starts at $34 / month.

ScanLister

A bulk listing software for Amazon sellers. Starts at $24 / month.

Sellbrite by GoDaddy

List and sell your products on eBay, Amazon, Shopify, Etsy, and other channels. Multi-channel fulfillment. Starts at $49 / month.

GeekSeller

GeekSeller is a multi-channel e-commerce platform created by e-commerce experts who are dedicated to your success. Starts at $200 / month.

2. BUSINESS ANALYTICS

Helloprofit

Analytics Software for amazon sellers with a One-Stop Dashboard. Leverage 2+ Years of your Amazon sales data to compare & evaluate by custom date ranges, products, variations. Starts at $97 / month.

Sellonaut

Sellonaut is a purchase order automation platform for Amazon sellers. Upload a list of UPCs or ASINs and let Sellonaut update your data 24/7, allowing you to filter and export up-to-date data whenever you'd like. Starts at $49 / month.

Fulfillment by Amazon Revenue Calculator

Amazon’s free tool to compare merchant shipping costs compared with those fulfilled by FBA.

Manage By Stats

An Amazon statistics tool built by Amazon Sellers for Amazon Sellers. Get all data on products, sales, performance, inventory, etc from one dashboard with this software for amazon sellers. Starts at $19.97 / month.

3. COMPETITIVE INTELLIGENCE

Ecom Spy

eComSpy gives you fast and accurate intelligence on items before you add them to your inventory. Seller tested and proven, eComSpy can help you save time, reduce risk and boost profits.

FBA Toolkit

Sales rank analysis, price list and product tracking for Amazon FBA. FBAToolkit was developed by Pathfinding.

Feedvisor

Award-winning intelligence solution that offers algorithmic repricing and revenue intelligence software for Amazon Sellers.

Junglescout

Use Jungle Scout to find profitable product ideas, get sales data & estimates. This can prevent wasting time browsing a website made for consumers.

Keyword Inspector

KeywordInspector is a suite of multiple tools at once to help you find/sell/optimize more products, faster on Amazon. Their Keyword Trends Tool provides a searchable database of what is now 50 Million plus Amazon Buyer Keywords.

Keyword tool by Scientific Seller

Intelligent search analysis of Amazon buyer keywords. Scientific Seller is a marketing suite for Amazon Sellers that provides scientifically-based tools to improve the performance of your products on Amazon.

Profit Bandit

Scan any barcode and find out how much profit you can make by selling the item on Amazon.

Sales Rank Tool by Synccentric

Retrieve the Amazon Sales Rank using your products’ keywords or unique identifiers (ASIN, MPN/Part Number, SKU, ISBN, EAN, or UPC).

Sellics

Optimize rankings, manage PPC campaigns, product reviews, observe prices and monitor competitors to increase sales on Amazon.

AMZBase

AMZBase is a free and useful software for amazon sellers for assisting you in your search to find products to sell on Amazon. It helps sellers to quickly obtain the ASIN No. and the title description of listings on Amazon. It provides immediate access to CamelCamelCamel, Alibaba, AliExpress, eBay and Google search engines, while also calculating FBA fees to estimate your potential profits.

4. PRICING TOOLS

Amazon Pricing Tools

FBA Revenue Calculator by Amazon

Provide your fulfilment costs and see real-time cost comparisons between your fulfilment and our offering for customer orders fulfilled on Amazon.com.

Neatoscan

Neatopricer utilizes a barcode scanner, a PDA (Portable Data Assistant) or iPhone/Android device, and a headset to allow you to quickly and easily determine the value of books and other merchandise while disconnected from the internet.

Price Checker 2.0

Price Checker 2.0 is Amazon profit calculation software for wholesale supplier lists. It returns all relevant data from Amazon.com and Amazon.co.uk.

RepricerExpress

Increase your sales and profit margins with this top-rated Amazon repricing software for third-party sellers.

Scope by Seller Labs

Product research and sourcing tool for online merchants. Make educated merchandising decisions and have a strategy when it comes to growing your business.

Seller Republic

Intelligent, Fast & Easy to Use Amazon Repricing

Sellery

Intelligent repricing strategies help you win the Buy Box

SmartPrice

Automatic repricing software to help you maximize your profits

Wiser

Price Optimization for High-Growth Amazon Retailers

5. CUSTOMER REVIEWS

Customer Review Tools Amazon

AMZFinder

This powerful Amazon seller tool helps sellers monitor product reviews, automatically matches reviews with orders and enables sellers to contact buyers directly to remove negative reviews from all marketplaces.

AMZDiscover

AMZDiscover is an online search engine which can help you find the Amazon reviewers and potential customers. More importantly, you will get their contact info including email address, Facebook, Twitter, YouTube and other SNS accounts.

FeedbackFive

Automatically solicit feedback from customers, review negative and neutral feedbacks received, monitor trends, request removal of negative feedback, and even manage Amazon Product Reviews.

Feedbackwhiz

All-in-one software for amazon sellers to manage your Amazon orders, repair seller feedback, monitor and fix product reviews, and send out automated emails to buyers.

Feedback Genius

Improve your Amazon seller feedback score and product reviews with relevant messages to buyers and notifications about negative feedback.

FeedbackExpress

Get more positive feedback and product reviews from Amazon buyers. Stop negative feedback in its tracks and remove it super-quick!

6. INVENTORY MANAGEMENT & MULTICHANNEL FULFILLMENT

Wizard-Industries

Wizard-Industries helps keep track of items as you pack your inbound FBA shipments. When your box is full, print the barcode. The barcode on your box allows you to skip manually entering information in Seller Central.

Ordoro

Top choice of Amazon sellers for shipping, inventory and dropshipping. Ordoro is fully integrated with FBA, SFP, MCF and FBM. Ordoro does not charge extra fees for Amazon Prime orders.

GeekSeller

Manage Jet, Walmart (Marketplace, DSV, Canada), and eBay products from within GeekSeller. GeekSeller also offers tools for transferring products between most of our available platforms, including from Shopify to Jet and Walmart and from eBay to Jet and Walmart.

Linnworks

Linnworks integrates the entire multi-channel sales process – handling everything from order management, stock control, shipping, listing, repricing.

Refund Retriever

Refund Retriever will automatically detect issues with your shipments, apply for refunds, and verify those refunds appear. And your only cost for these services is a portion of the refunds we find for you!

Restock PRO

RestockPro provides a powerful FBA dashboard that gives you all the critical information you need and then helps you execute the right inventory decisions for your business.

Seller Active

SellerActive’s e-commerce tools help you manage inventory, orders, and pricing.

Tradegecko

TradeGecko’s inventory and order management software for amazon sellers works with Amazon to streamline operations and help you reach more customers worldwide

Veeqo

Track and manage what’s happening in your inventory as it happens in Veeqo

ShipStation

Top rated tool among Amazon Sellers to Import, manage and ship your orders

ShipWorks

Create shipping labels, manage customers and emails, and update the online status of each order.

7. ACCOUNTING

taxomate

taxomate is an automated cloud sync service used by Amazon merchants to import their Amazon sales and fee transactions and to post summarized transactions to Xero or QuickBooks accounting systems.

QuickBooks Online

Words most popular cloud accounting software used by several thousand Amazon sellers. It also has good inventory management features as well.

Xero

A top alternative to QuickBooks for Amazon sellers. Xero connects you to all things business. Its online accounting software connects you to accountants and bookkeepers, your bank, and a massive range of business.

Webgility

Webgility is an accounting automation solution that saves time and resources by automatically posting all Amazon sales, fees, and other transactions directly into your bookkeeping software. It eliminates the redundancy and human errors of manual data entry, and it works with dozens of marketplaces, payment processors and shipping providers.

Entriwise

Amazon Seller Central integration with QuickBooks: automated transaction export from Amazon and import to QuickBooks for orders, refunds and Amazon fees.

a2x

A2X makes it easy for businesses to account accurately for their Amazon marketplace sales. Integrates and syncs with Xero and QuickBooks Online.

Wave Accounting

Accounting by Wave is a double entry accounting tool. Services include direct bank data imports, invoicing and expense tracking, customizable chart of accounts, and journal transactions. Accounting by Wave integrates with expense tracking software Shoeboxed, and e-commerce website Etsy.

8. SALES

AmazoPage

Video-enhanced squeeze page for Amazon™ Sellers with list building and promo code distribution tools. AmazoPage Combines the best in squeeze page psychology, traffic conversion, and promo code distribution.

Snag shout

Promote Your Brand to More Than 100,000 Shoppers by offering discounted products, and they leave an honest review.

Vendio

Allows sellers to Build a brand on eBay, Amazon, OpenSky, Facebook, mobile and their online store from one place.

9.TOOLKITS

Amazon Tracker

Get backstage access to the world’s largest shopping search engine. See the top 100 products in your niche, the keywords and monitor your progress.

AMZ.One

A collection of tools to improve your Amazon listing and sales. The toolkit includes Keyword Rank Tracking, Seller rankings, Review Club, Sales Tracking, Negative reviews notification and more…

Azon Seller Tools

A collection of essential tools to help Private Label FBA sellers build and grow their Amazon business. Tools include Keyword Relevance Checker, Amazon’s Best-Seller analyzer, Hijacker Smacker and more.

Inventory Lab

InventoryLab offers FBA Listing, Scouting, Inventory Management, Accounting, and Analytic Insights to fuel your Amazon Business.

Seller Magic

Designed specifically for Amazon marketplace sellers to ease their efforts in listing, managing and re-pricing online inventory.

Solid Commerce

All-in-One Inventory Management, Repricing, and Shipping solution for Online Marketplaces – Amazon, eBay.

Uberseller

A German Amazon marketplace optimization tool for merchants. They provide profit, keyword and product research, the world’s most developed keyword and sales tracking, review management, etc.

10.OTHER MARKETPLACES & E-COMMERCE TOOLS FOR AMAZON SELLERS

Etsy

Etsy is a peer-to-peer e-commerce website focused on handmade or vintage items and supplies, as well as unique factory-manufactured items.

Ebay

Buy and sell electronics, cars, fashion apparel, collectables, sporting goods, digital cameras, baby items, coupons, and everything else on eBay.

Shopify

Ecommerce platform that has everything you need to sell online, on social media, or in person.

Woocommerce

Free e-commerce plugin for the WordPress platform.

11. PPC AND Advertising

Profit Whales

Profit Whales is Amazon PPC Automation Software that fully automates Amazon PPC management for Third-party Sellers and Brands on Amazon Marketplace in One Click with the help of custom-built algorithms and Data Science. Profit Whales automate bidding, keywords harvesting, campaign creation, negating and pausing duplicate keywords, day-parting, and many more. Try with a 14-day trial.

zon.tools

Making it easier than ever before to manage and automate Amazon Sponsored Products campaigns, always-affordable Zon Tools delivers improved Pay Per Click conversion rates, increased Advertising revenue and lower ACoS for any Amazon Sellers.

12. OUTSOURCING

FreeeUp

An outsourcing platform for Amazon Sellers to find affordable virtual assistants, freelance specialists, and boutique agencies to help grow your business within 1 business day.

UpWork

Freelancing platform where businesses and independent professionals connect and collaborate remotely.

Freelancer

Hire freelancers to do work in areas such as software development, writing, data entry and design right through to engineering, the sciences, sales and marketing, accounting and legal service.

Fiverr

Fiverr provide a two-sided platform for people to buy and sell a variety of digital services (gigs) typically offered by freelance contractors.

13. NEWSLETTERS

FBAMonthly

In the world of fast-growing Amazon ecosystem, FBA Monthly attracts progressive Amazon sellers that monitor all latest developments in the space and keen to try new tools to take their business further. Twice a month (on 1st and 15th) FBA Monthly spreading free curated news summary for Amazon sellers and geeks via Email, Twitter, Facebook Groups, Reddit and website with RSS feed.

14. CONSULTANTS

Online Seller Consulting

Our top-rated Amazon seller consultants provide affordable, expert consulting services for all your Amazon seller needs. If you are new to Amazon, we can help you set up your Amazon seller account, prepare your initial product listings, and get you started selling on Amazon quickly, efficiently, and cost-effectively. If you are an experienced seller, we can help optimize your product listings, assist with product suspensions/account rescue, or even manage your Amazon seller account for you.

15. Sourcing Suppliers

ZonGuru

ZonGuru is an all-in-one toolset to free up your time and scale your Amazon private label business. They have a world-first collaboration with Alibaba.com designed to pair you with the perfect supplier.

Click here to get 50% off your first month and a 7-day free trial of ZonGuru.

16. FREE TOOLS & SOFTWARE FOR AMAZON SELLERS

Wave Accounting

Accounting by Wave, is a double entry accounting tool. Services include direct bank data imports, invoicing and expense tracking, customizable chart of accounts, and journal transactions.

Google Keyword Planner

Keyword research tool that allows you to find the right keywords to target. Good for finding search volume, since amazon does not release their keyword search volumes.

Fulfillment by Amazon Revenue Calculator

Free revenue calculator for amazon sellers by amazon.

Scientific Seller

Branded as the "The World's Slowest Keyword Tool," the free amazon keyword tool allows you to get the keywords that users are searching for. Essentially it compiles a list of long tail keywords that you could use for PPC and optimizing listings.

If you have any tools you would like to be added, please let us know!

Thursday, August 29, 2019

🎙️ Top Amazon Seller Podcasts in 2019 for the Obsessed

One of the hottest terms in the digital world is the podcast. The new "radio" is where the listeners can catch up on downloadable shows from the latest in politics, culture, drama, and business. If you are an Amazon seller, you are probably looking for the top amazon seller podcasts to step your selling game up! Let's take a look:

Top Amazon Seller Podcasts in 2019

  1. The Amazon Seller
  2. Women on Amazon
  3. FBA All-Stars
  4. AM PM Podcast
  5. FBA Podcast
  6. Ask Jordan Podcast
  7. Private Label Movement
  8. Smart Online Seller
  9. My Wife Quit Her Job
  10. The Amazing Seller

* Bonus: Runner-Ups *

1. The Amazon Seller

Top Amazon Seller Podcasts

Andy Slamans and Liran Hirschkorn are top dogs on Amazon Private Label Sellers. These two are multimillion-dollar private label sellers sharing their advance selling strategies that are related to Amazon, which they can use every day.

Learn how to find products to sell, how to handle logistics and how to launch products on Amazon, and much more on their podcast.

2. Women on Amazon

Women on Amazon Podcast

By women, about women, not just for women- this podcast aims to amplify women's voices in the Amazon FBA & eCommerce space in order to educate and inspire others to change their lives and create the futures they desire.

Listen in as Regina discusses techniques, strategies and lessons learnt as well as present inspiring stories of the women seriously kicking butt in eCommerce

Also, check out the Women on Amazon Website.

3. FBA All-Stars

In the One Step to 7 Figures podcast, Matt Ward documents his complete journey to making a million a year. Matt discusses his pitfalls and success on his journey.

The weekly updates also include guests who discuss important topics on how to be a successful entrepreneur on Amazon. Highly recommended for anyone looking to boost their FBA game!

4. AM PM Podcast

Top Amazon Seller Podcasts

This podcast is hosted by Manny Coats, the entrepreneur who started selling products on Amazon in 2015 and made more than $1.6 million in his first year alone!

He quickly became an expert private label seller. Since becoming successful, he is regularly sharing his experiences and techniques with his listeners.

5. FBA Podcast

Ryan Regerit's podcast is for those looking to either start a business on Amazon or existing FBA sellers who want to improve their selling tactics.

Ryan engages with his listeners, discussing a variety of topics and real-life scenarios, making it one of the top Amazon seller podcasts.

6. Ask Jordan Podcast

FBA Seller Podcast 2019

Jordan Malik is a super start in the amazon seller space and has been featured in leading business magazines and newspapers. In his top amazon seller podcasts, Jordan helps online merchants increase revenues through various tactics. Additionally, he covers a wide variety of topics and has more than a hundred episodes to choose from - covering product sourcing, accounting, tax implications, and legal obligations.

7. Private Label Movement

Top Podcasts for FBA Sellers

An exclusive by Kevin Rizer for Amazon private label sellers only. What started as a hobby, Kevin is now one of the most well-known private label sellers, and shares his battles and successes in private label selling. There are more than 200 episodes to choose from and often includes popular guests.

8. Smart Online Seller

In Smart Online Seller, Luke Jilas and Justin Balk discuss topics ranging from FBA private labelling to different marketing strategies. They also offer tips on product sourcing.

9. My Wife Quit Her Job

The title sounds itself is catchy enough to attract many listeners, but this show means business. Steve Chou discusses how he and his wife started selling on Amazon during their spare time. When it became successful, his wife decided to quit her job. They also have a website that offers tutorials and podcasts. In some episodes, Jay Chou invites famous sellers to discuss their experiences.

10. The Amazing Seller

Scott Voelker offers advice on different facets of selling on Amazon including product sourcing, how to track keyword and optimizing products lists.

Scott started selling his own information products online in 2008 in the Photography niche and soon realized it could become a full-time income.

He started his very popular podcast in 2014 because he could not find any podcasts that focused specifically on Amazon FBA for Private Labelers.