Before selling on Amazon, sellers must understand how to calculate their profits before launching their product. One tool they can use to do this is an Amazon FBA calculator Chrome extension. Selling on Amazon is accompanied by lots of different costs and fees. If sellers are not careful, they might lose more money than they earn.
In this blog post, I will tackle what the Amazon FBA calculator is, the fees the calculator takes into account, and when and how to use the Amazon FBA calculator.
Don’t skip the last part to find out the different third-party Amazon FBA calculator Chrome extensions you can use.
What is Amazon FBA Calculator?
The Amazon FBA calculator is a tool used by Amazon FBA sellers or those who are still undecided whether to use FBA or a different fulfillment method. By using the FBA calculator, sellers can compare the cost for FBA and FBM. Aside from that, they can easily calculate all the fees included in FBA.
Since Amazon is available in several countries, different FBA calculators are also available. Each FBA calculator will consider the fee differences and currencies for each country.
What are FBA Fees Included in the Amazon FBA Calculator?
When selling through Amazon, sellers need to take into account several fees. Whether a seller chooses to fulfill orders on their own or let Amazon handle it, they will still be charged with several fees. Here are some of the fees that sellers need to be aware of.
Referral Fees
Amazon deducts a referral fee percentage from the final sales price for all products, excluding any taxes calculated using Amazon’s tax calculation services. The total sales price is the amount paid by the buyer, which includes the item price as well as any shipping or gift wrapping fees. Referral fees can be between 8% to 15% but can change depending on the product category.
Fulfillment Fees
Additional costs come with using FBA. This includes inbound and outbound shipping, weight handling, and a lot more.
Other Fees
- Order handling
- Picking and packing
- Long-term inventory storage
- Preparation service
How and When to Use Amazon FBA Calculator?
Sellers can get the most out of Amazon FBA Calculator when they use it while researching for new products they plan to sell. Using the FBA calculator will give them an idea of the net margin and net profit they can expect when they sell through Amazon FBA.
Aside from that, it will provide estimates of FBA fees on that particular product. It is also a good idea to use FBA calculators from time to time to make sure that Amazon is not overcharging you for your existing products.
It can also assist you in determining the margin implications of raising or lowering an item’s retail price or product cost. You may also use the data in the calculator to figure out what product cost budget range you should keep to or what your minimum customer pricing should be to stay profitable.
Finally, if you plan to move all or part of your business from FBM or Seller Fulfilled Prime (SFP) to FBA, you can use the Amazon FBA Calculator.
Using the Amazon FBA Calculator is relatively easy. Here’s a step-by-step guide on how to use it.
- In the Amazon FBA calculator, you need to key in the details or identifier of the product you are considering in the search bar. For example, you can use the product’s ASIN, EAN, ISBN, UPC, or product name.
- Once you have copied and pasted the details in the search bar, click on Search. In the Amazon Fulfillment Column, enter the values.
- You can enter the values you would like to check or experiment with to find out your potential profit margin with varying price points. Fill in the values for Selling on Amazon Fees and Cost of Product Field. You can also try shipping and fulfillment costs.
The FBA Calculator can serve as an extra tool, allowing you to compare real-time costs between FBA and your own fulfillment.
What are Different Amazon FBA Calculator Chrome Extensions?
While you can opt to use the Amazon FBA Revenue Calculator, there are other third-party extensions you can use as an alternative. Here are 6 of the best free Amazon FBA Calculator Chrome Extensions you can try.
The Helium 10 Chrome extension is an all-in-one extension where Amazon sellers can instantly do product research, learn about consumer demand, estimate potential product income, and more.
For example, the Profitability Calculator in this the Helium 10 extension will give you an idea of how much it will cost sellers to sell their products. It can also provide information on their profit margins and ROI by analyzing different fees such as manufacturing rates, shipping, and storage fees.
Jungle Scout’s FBA calculator addon lays down everything you need to know in great detail and provides a wealth of statistics to assist you in understanding each step of the process.
It not only lists the fees and pricing associated with selling on Amazon, but it also goes into detail about each one and what it entails.
Using the plugin, you can see the bigger picture while calculating your profits and keeping track of your outgoings. This can give you real-time statistics while you’re on the Amazon website.
You may also save the extension as an XLS file to your mobile device or PC and use it to calculate net margins and profit, as well as FBA fees and product profitability.
The SellerApp FBA Calculator extension works for all Amazon Marketplace worldwide where Amazon operates. It is designed to help Amazon sellers analyze if a product can be profitable when sold.
With the help of this FBA calculator, sellers can compare the FBM and FBA costs. It will give a breakdown and analyze the costs such as referral, shipping, warehousing, and more.
With the help of the AMZScout FBA Calculator, you can know your costs ahead of time so you can select items with reduced fees and increase your revenues. You can also find out how much money you’ll make on each sale. You can use this information to estimate revenue and decide whether selling an item is worthwhile.
To use this extension, simply copy the ASIN of the product and paste it into the AMZScout FBA calculator extension. Everything you need to know will be calculated, and it will present the facts for easier reading and better decision-making.
The AMZ Hunter is not just an FBA Calculator, but it’s an all-in-one tool for your Amazon business. Sellers can use it also for supplier, keyword, and product research for Amazon FBA.
Learn about your estimated sales, listing quality, competitor price history and stock, profit calculator, and finding related keywords for PPC keywords.
Sellcaster is available on all other Amazon websites, such as the US, Canada, France, India, Germany, UK, Spain, etc.
Instead of basing the prediction solely on current sales rank, Sellcaster learning algorithms deliver accurate demand estimates by learning from actual sales, inventory levels, and sales rank changes.
This is the only FBA calculator that includes VAT in the profit calculation for sellers on Amazon European marketplaces. Even Amazon’s official FBA revenue calculator fails to include VAT.
Conclusion
Using an Amazon FBA calculator Chrome extension like the ones I’ve mentioned in this article is definitely a valuable tool for Amazon sellers. They can help with their decision-making on whether or not products will be profitable or not before selling them. In addition to that, some tools offer other features aside from the FBA calculator.
Have you tried any of the FBA calculators mentioned above or any useful e-commerce tools? Tell us your experience with them in the comments.