• Products
    • Ignite: Amazon PPC Advertising
    • Feedback Genius: Amazon
      Product Reviews
    • Scope: Amazon Keywords
    • Quantify: Amazon Inventory &
      Financials
  • Seller Labs Pro
  • Services
    • Amazon Listing
      Optimization
    • Amazon Advertising
      PPC Management
    • Amazon Buyer-Seller
      Messaging Optimization
  • Agencies
  • Resources
    • Amazon ToS Compliant?
    • Webinars
    • Tip Sheets
    • Case Studies
    • Videos
    • White Papers & eBooks
    • Podcasts
    • Knowledge Center
  • Blog
  • Login
    • Ignite
    • Feedback Genius
    • Scope
    • Quantify
    • Seller Labs Pro
  • Grow with Pro
  • Products
    • Ignite: Amazon PPC Advertising
    • Feedback Genius: Amazon
      Product Reviews
    • Scope: Amazon Keywords
    • Quantify: Amazon Inventory &
      Financials
  • Seller Labs Pro
  • Services
    • Amazon Listing
      Optimization
    • Amazon Advertising
      PPC Management
    • Amazon Buyer-Seller
      Messaging Optimization
  • Agencies
  • Resources
    • Amazon ToS Compliant?
    • Webinars
    • Tip Sheets
    • Case Studies
    • Videos
    • White Papers & eBooks
    • Podcasts
    • Knowledge Center
  • Blog
  • Login
    • Ignite
    • Feedback Genius
    • Scope
    • Quantify
    • Seller Labs Pro
  • Grow with Pro

5 Keys to Increasing Your FBA Profitability | Make (And Keep) A Scorecard

  • guest
  • On September 27, 2018
  • 0 Comments
  • fba profitability
  • 0 likes

Here at Seller Labs, we’re not accountants or financial planners . . . but we do work with experts in those fields, experts who happen to be some of the very best in the business. This week, we’re turning the blog over to one of those experts: Tyler Jefcoat of Seller Accountant. Enjoy Tyler’s five-part series on the 5 Keys to Increasing Your FBA Profitability. Check back all week for one key per day to maximize your Amazon FBA success.

Each brand owner needs to know what’s most important to the success of their business. Whether you’re looking at new customer acquisitions, increased profit margins, or donations to local charities, keeping a record of these will help keep your team on track.

KEY 4: MAKE (AND KEEP) A SCORECARD

I love sports, but have you ever noticed that watching sports without a functioning scoreboard stinks? I want to know who is winning and how much time is left on the clock. Without a scoreboard, I can lose interest. The athletes on the field also need the scoreboard to know how much time is left and whether they need to change tactics or not.

You and your employees function the same way, but instead of having a brightly lit arena-size jumbotron scoreboard, you need a scorecard. An easy-to-decipher scorecard will have your 3-10 most-important metrics tracked over time in a way that you can see trends and red flags. If understanding sales trends will help you make better decisions, make a scorecard that makes it easy to compare current results with last year’s. If product returns have a major impact on the health of your company, then track a returns percentage on your scorecard each week so that you can see when it moves.

Nothing creates accountability and engagement for your team like understanding how to win and what the score is. For more information about driving accountability, engagement, and results using the right scorecard, For more information check out a recent blog post on creating a scorecard.

Read the other Keys to FBA Profitability:

  1. Know your Profitability (Or Lack Thereof)
  2. Margin + Velocity = Profit
  3. View Each Product as an Investor, Not a Parent
  4. Make (And Keep) a Scorecard
  5. Spend Your Time Where You Make Your Money

If you need help managing profitability or your books, Seller Accountant would love to assist you.
Tyler Jefcoat, Co-Founder and CEO of Seller Accountant, is a longtime accountant and successful business builder who excels in helping stressed out owners regain their lives while driving superior financial results.

Get the Latest Amazon Research & Strategy

Subscribe to the Seller Labs Newsletter for More Info, News, Tools, and Resources for Amazon Success.

Leave Reply Cancel reply

Your email address will not be published.

Search 400+ Articles & Guides:

Get The Latest Amazon Seller News & Strategy

Amazon Seller Tools & Services
  • Amazon PPC Management Services
  • Ignite for Amazon PPC Advertising
  • Feedback Genius for Amazon Product Reviews
  • Scope for Amazon Keywords
  • Quantify for Inventory & Financials
  • Try Seller Labs Pro All-In-One Plan
Categories
  • Amazon Advertising
  • Amazon FBA
  • Amazon PPC
  • Amazon Terms of Service
  • Amazon Branding
  • Amazon Business
  • E-commerce
  • Private Label
  • Sponsored Products
  • Taxes
  • Wholesale

5 Keys to Increasing your FBA Profitability | Be an Investor, Not a Parent

Previous thumb

5 Keys to Increasing your FBA Profitability | Spend Your Time Where You Make Your Money

Next thumb
Scroll
Connect with Seller Labs
Where to next?
  • About Us
  • Contact Us
  • Partners
  • Join Our Team
  • Affiliates
Recent Posts
  • ICYMI Amazon Seller News November 30 – December 6, 2019 December 6, 2019
  • Why Seller Labs Cares Partners with Toys for Tots (And How You Can Help!) December 3, 2019
  • ICYMI: Amazon Seller News: The Black Friday 2019 Edition November 29, 2019
@2019 Seller Labs  |  Privacy Policy  |  Cookie Policy  |  Terms of Service