Easily Calculate Your Amazon FBA Fees With AMZScout FBA Calculator FREE Chrome Extension

How to Calculate Your Amazon FBA Fees with AMZScout FBA Calculator FREE Chrome Extension?

Hey there, Amazon sellers! Are you an Amazon seller feeling overwhelmed by fees and costs?

Fear not!

Join me as we explore AMZScout, and to be more precise, the AMZScout FBA profit calculator to master Amazon FBA fees.

I also welcome you to get the best AMZScout discount.

If you're a serious seller on Amazon, there's no bigger dream for you than to propel your business to new heights!

But with that comes the feeling of being overwhelmed by the fees and costs involved.

So, if you're stuck in a situation like this, let me tell you what - you're not alone, buddy!

And guess what?

I'm here to be your wingman and help you conquer those financial hurdles in a flash.

In this article, I will dive into the world of Amazon FBA fees and show you exactly how to calculate them using the AMZScout FBA profit calculator.

No more guesswork, no more surprises - just everything you need to know to get the hang of your Amazon FBA Fees in no time.

Another good alternative to this calculator is the Helium 10 Profitability Calculator.

It is a part of the free Helium 10 Chrome extension.

But before we get going, I've got a detailed video that covers all about AMZScout FBA Calculator.

So if you'd rather watch it, feel free to do so here!

FBA Calculator Extension and How to Download It

To get started, download the FBA Calculator Free Extension by AMZScout.

It's going to lead you to the Chrome web store, where you can add it to Chrome with a mere click. 

Oh, and did I mention that this is an affiliate link?

That means if you ever purchase anything from AMZScout, I will get a little commission.

But don't worry; there's no extra cost to you, so it's a win-win! 

I also have 5 other extensions for Amazon sellers that might be beneficial to you.

What are Amazon FBA Fees Like for Each Sale on Amazon?

Now that you have the FBA Calculator ready to roll, let's see what kind of Amazon fees exist.

Supposedly, each sale you make will result in a small commission for Amazon. This implies that they will deduct a referral fee from each sale you make on Amazon for X price, or let's call it a cut of the revenue you earn.

And once you send them your products, Amazon has to perform various tasks such as receiving, picking, packing, and storing your products and therefore charges fulfillment or pick-and-pack fees.

Plus, let's not forget the monthly storage fees they're going to take from you. Let's delve into those details later in the article!

But with this incredible calculator by your side, all the tough calculations become a no-brainer!

A Few Things about the Calculator

As you scroll down the web page, you will come across AMZScout's brief video demonstration of their FBA Calculator designed for Amazon, feedback from an active community, and information about the current number of users utilizing the tool.

The cherry on top, you get a bunch of information in just one click, including the estimated level of sales and income, complete information on Amazon commissions, and product size and weight.

And if that isn't enough, with this extension, you won't even have to navigate through multiple pages to make those pesky calculations.

Nope, the FBA Calculator will do it all for you directly in the plugin window.

And the best part?

It uses data straight from your seller's central account to accurately compute Amazon income fees without having to leave the product page!

To top it all off, there's a nice little blog post by AMZScout called "Calculate Amazon seller's FBA fees".

It's the ultimate guide for Amazon sellers who want to learn how to calculate their FBA fees and reduce them to maximize their profits.

This post covers everything you need to know about FBA fees, from what they are to how to calculate them using the Amazon FBA Calculator.

Plus, there are some amazing tips and tricks for reducing your fees that you won't want to miss.

Simply check out the table of contents for any question you have in mind, and you'll get your answers in the blink of an eye.

So, if you're really looking to jumpstart your selling game, I'd say this blog is a must-read for you.

How to Use the Amazon FBA Calculator?

Now that we've seen what Amazon FBA fees calculator is, let's get to the crux of the biscuit - how to use the calculator.

Before all else, make sure you're on a product page on Amazon to be able to use this calculator and find out how it works.

Once there, you're going to have the calculator installed already. All you need to do is click on the extension on the top right of your Chrome page to get going!

And oh, if you're confused about how you can get to the product page, then I've got some good news in store for you.

Yep, look no further than my AMZScout playlist on YouTube, which pretty much covers it all for you.

Throughout the playlist, I guide you through the step-by-step process of using AMZScout for product research by showing you how each component of the software works.

I'd suggest starting from the beginning to fully comprehend the nifty tool! 

Now let's get right into the meat of today's blog.

After you reach the product page, you can select the calculator and click on it to launch the AMZScout calculator, which will offer a wide range of features, as you can see in the image below: 

Here, you can see a couple of empty fields.

But don't let them overwhelm you - filling them out isn't that big of a hassle.

You simply need to input your own information into the fields.

Moreover, other things below the empty field, including the Product Weight, Product Size, Date First Available, Monthly Storage Fees, Fulfillment fee, and the Referral Fee are automatically extracted from Amazon.

Frankly, this saves you up on the hustle of going and checking out yourself - yep, AMZScout FBA Calculator has your back!

In case you're stuck with any detail, let's take a brief introduction of each field that the calculator fills in from Amazon for you.

Product Weight and Product size are the two dimensions of your product that are pretty easy to understand.

Next up, the Date First Available refers to when it first got available on Amazon.

And the next thing is monthly storage, which indicates how much Amazon charges per item as storage fees in order to store it in their warehouses, per product, which in this case is as low as $0.02.

Following this, we have the Fulfillment Fee, which Amazon applies to each product sold.

This fee covers tasks such as picking, packing, packaging, and handling the product.

For this particular product, this amounts to $3.48 per sale.

And finally, there's a Referral Fee of $1.94 per sale, which is typically around 15% of the product's price, although this percentage can differ depending on your product.

That being said, I've put together a couple of links to make your life easier in case you don't get where all the fees we mentioned earlier come from.

You'll need to log into your Amazon seller account in order to read the content there.

By the way, if you need to buy or sell an Amazon seller account, I have a detailed post for you.

Anyhow, back to things.

So let's say you wish to get an in-depth look into the Monthly Storage fee; you can read it here.

This link is a page of Amazon itself that you can read in order to understand the inventory storage fees even deeper. Secondly, when it comes to the Fulfillment Fees, ask yourself: do you understand why it's 3.48 and not 5.25 or 1.76?

There are good chances you don't! For this, you can read the details here - which navigates you to the blog, FBA fulfillment fees for Amazon.com orders.

There you can determine exactly how and why it's placed in the 3.48 category.

And last but definitely not least, we have the Referral Fees, which is $1.94 for the product we're looking at, i.e., the Multipurpose Dishwasher Safe Kitchen Shears.

Read through "Selling on Amazon Fee Schedule" and scroll down to learn the different categories with different Referral Fees here.

I'm super confident all these links will close all the gaps for you. Enjoy! :) 

How It Works?

Now that we've cleared up the air of confusion let's look at how the calculator operates.

As an example, consider the Multipurpose Dishwasher Safe Kitchen Shears as our product, priced at $12.95.

However, let's simplify things with the number 10 by rounding up the price. Cool?

Similarly, let's bring the Estimated Monthly Sales down to 100.

Then, on the lower end, you will incur the Total FBA Fees, just as you can see in the picture above.

This includes the sum of Amazon's Monthly Storage, Fulfillment, and Referral Fees.

In this case, by adding $1.50, $3.48, and $0.02, the total comes to $5, which is what Amazon deducts from each sale you make.

For instance, if you sell a product for $10, Amazon automatically charges $5 as their fee. Afterward, you have the remainder to work on all by yourself.

But hang on - we've yet to learn about the Profit per Unit, Net Margin, Return on Investment, and Estimated Monthly Profit, right?

In case we were acquiring this product for $0, we could've generated a profit of $5 for each sale.

But since we're not obtaining it for free, we must take into account expenses such as product costs, shipping fees, CPC costs (advertising expenses), and taxes.

So, let's dive into each cost individually.

Product Cost

Let's say we talk about these shears, and when we take into account the cost of manufacturing, packaging, and getting them out of the factory gates, the total comes to $0.70.

This is called its Product Cost, which includes all expenses incurred in creating the shears, putting them in boxes, possibly branding them with a logo, and including an insert.

Shipping Cost

Moving on to shipping costs, what would be the expense of transporting the product from the factory gates to Amazon's warehouse?

How much is it in total, including all shipping expenses incurred along the way?

Let's assume the cost per item is $0.30.

So, when we add this shipping cost of $0.30 to the product cost of $0.70, we get the landed cost of $1 per item.

To clarify, the landed cost refers to the overall expense of getting the product from the factory to Amazon's warehouse, which includes the cost of creating the item and all other expenses incurred in the process, totaling $1 in this case.

CPC Cost

Following the Shipping Cost, we have the CPC cost, which refers to the expense associated with advertising the product.

We are yet to determine how much we intend to spend on advertising, so let's leave this field empty for now.

Moving ahead, in this case, the product costs $1 to produce and is being sold for $10.

However, there are additional fees associated with the product, including a fee of $3.48 based on the product's specific size and weight.

Additionally, there is a referral fee of 15% in the product's specific category, which amounts to $1.50.

The monthly storage fee is also based on the product's size, at 0.02.

Further, taking into account all these fees, Amazon takes $5 for each unit sold.

Therefore, with the product cost at $1 and the selling price at $10, there is a profit of $4 per unit, resulting in a net margin of 40% if all other costs remain constant.

Moving on, we have an ROI that's 400% here, which means it's super high, and allows you to quickly get into more products.

And lastly, we have the Estimated Monthly Profit then, which is $400 with this scenario.

Oh, and did I mention an ROI as high as 400% means you can buy more and ship more inventory than ever before to get the ball rolling?

But hey, let's be realistic, getting a 400% ROI product on Amazon is no easy feat!

Now, to make the scenario more realistic, let's assume that we invest $100 in PPC to achieve 100 sales.

As a result of this increased investment, our ROI drops down to 150%.

The reason for this decline is that we have spent more money on acquiring the product.

Consequently, the estimated monthly profit for the product falls to $300, a decrease of $100 due to the $100 invested in PPC advertising.

See how that works?

Taxes

Next, let's see how AMZScout calculates the taxes.

Let's take an example if the tax percentage is 10%, and currently, there are no taxes applicable, but the estimated monthly profit is $300, then with taxes, the profit would be reduced to $200.

This might seem downright confusing at first, as you may wonder how a 10% tax could result in a $100 drop in profit. However, don't forget to note that Amazon Scout calculates taxes based on revenue rather than profit.

That said, here's another thing I'd like to add - the tax situation can vary greatly depending on the country and individual circumstances. For this, I'd strongly recommend consulting with a qualified accountant or doing research on the tax regulations specific to your situation and location. Yep, it's more crucial than you think!

To make it simpler, let's assume the tax rate is 10%. If we sell a product for $10 and we sell 100 units per month, our total revenue would be $1,000. The tax would then be calculated based on this revenue, not the cost of the product. So, in this case, the tax would be 10% of $1,000, which is $100.

This is how AMZScout calculates the taxes and how it works for the extension. So, from 1000, we're going to remove 100 because it goes to taxes. After deducting the tax of $100 from the revenue of $1,000, we are left with $900.

From this, we need to subtract the cost of producing the product, which is $100, leaving us with $800 in profit. Next, we need to deduct the Amazon fees of $500, leaving us with $300 in profit. Additionally, we spent $100 on PPC advertising, and we need to deduct this amount as well, leaving us with $200 in profit.

Despite these deductions, a profit of $200 represents a 100% return on investment, which is a fantastic point to be at!

That's pretty much how we use the calculator, and it's not half as hard as you think! Using the calculator can help you determine your estimated monthly profit and understand how much your product is generating per month. Additionally, by adjusting the price of the product, you can significantly impact your profit margin.

As an example, if we are selling a product for $11 instead of $10, we could potentially increase our profit by $75 per month. Yep, even $1 could make a huge difference!

Hence, it's essential to consider the price of the product when analyzing profitability and finding a sweet spot where you can maximize profits while remaining competitive in the market.

Of course, you always want to sell the product for more and more, and that's about it!

Uncovering a Special Offer from AMZScout

Above all, let me share an additional piece of information regarding AMZScout - if you ever plan to make an investment in it, even though the calculator is entirely free, AMZScout has a great package that they've created for you.

Here's the link to the BIGGEST promotional offer out there! 

It's a special link that will have this promotion applied to your purchase. Here's a list of things you can avail and enjoy through the link: 

1. AMZScout Extension Pro,

2. AMZScout Web App Basic Annual 

3. AMZScout Keyword Tracker Basic Annual 

4. AMZScout QuickView Annual 

5. AMZScout FBA Calculator (what we just spoke about!) 

6. AMZScout Stock Stats

7. Amazon & eBay Price Comparator 

Typically, the AMZScout Extension Pro bundle costs $399. With the discount, it will be $379. 20 bucks off.

The Bottom Line

With a tool as fantastic as the AMZScout FBA, Amazon sellers really wouldn't have life any other way!

Being a real lifesaver, it takes away the hassle of calculating your profits by making it a breeze for you.

Once you get your hands on this, you'll be able to estimate your net profit based on a product's selling price, shipping costs, and Amazon fees, among other expenses.

Let's admit - it's nothing short of having your very own personal accountant to determine which products will give you the biggest value for your money!

So, if you want to make sure you're making a profit on Amazon, the AMZScout FBA Calculator has to be your go-to tool! 

So, install it right away and enjoy. :) 

Yours,

Vova :)

P.S. - I also have a tutorial on the AMZScout Pro extension, it's the main extension of AMZScout.