How To Determine Profitability

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Издатель May 20, 2021

In this short video, I discuss how to determine the profitability of your Amazon product and business.

When determining the profitability of your product you need to look at the entire aspect of the business. First add the COG, or Cost of Goods, and the shipping charge to get total COG. Next add the FBA fees to this amount. Last, subtract this total from the retail price of the product. This will give you your net profit per item sold.
Your brand's mission statement is very important. This expresses how you, as a seller, want to be perceived.