BOMB Amazon Cashflow Management Tool - Sellerise Payouts Review & Tutorial

Here's How Sellerise Payouts Feature is One of the Best Amazon Cashflow Management Tool

Today, I've got something super exciting to share with you – a deep dive into the Sellerise Payouts tool, a gem in the Finances dashboard that will revolutionize your Amazon cashflow management.

And guess what?

I'm not alone on this adventure.

I had the pleasure of sitting down with Dima Kubrak
, the founder of Sellerise, for an insightful conversation.

This article is a direct extension of my comprehensive "Sellerise A to Z Tutorial" video.

Related Read: Mastering Sellerise: A Comprehensive Tutorial & Review with Dima Kubra

But don't worry, if you're more of a visual learner, I've got your back.

I also welcome you to get a great discount for Sellerise, 10% OFF recurring, for life.

Below is a dedicated video covering just this specific part of Sellerise.

Plus, stick around because I've got something special for you at the end – a free Sellerise trial and an awesome discount!

Now, let's get comfy because I've written our conversation in a way that feels like we're chatting right here.

Let's dive into my conversation with Dima, and get ready for some game-changing insights!

________________

Vova: Hi everyone!

Today, we're diving into an exciting new feature from Sellerise called the "Payouts."

It's a tool that's been making waves in the world of Amazon FBA, and I'm here to break it down for you.

Dima, can you please shed some light on it?

Dima: Absolutely, Vova! The Payouts is a relatively recent addition to Sellerise, and it's a game-changer for Amazon FBA sellers.

It addresses a common challenge many sellers face: understanding how to allocate funds when Amazon transfers money to your bank account.

Let's say you receive a payment of $12,000, but you're dealing with a total of $50,000 in transactions.

The big question is, how do you divide this money effectively between reinvesting in inventory, covering PPC costs, and determining your actual profit?

This issue becomes even more complex for those who have business partners.

Imagine receiving a $50,000 payout and having to split it evenly with your partner.

It's not as straightforward as it seems, especially since you need to consider factors like the cost of goods.

Unfortunately, our demo account doesn't show the cost of goods, but it's a crucial aspect that every seller needs to calculate. 

Let's get into a practical example.

Say that you made sales totaling $87,900.93.

Amazon will display that impressive number, but here's where things get interesting.

Because on Sellerise, you'll see a more down-to-earth figure at the bottom: $28,925.30.

That's the amount that actually landed in your bank account.

It's crucial to note that out of this $28,925.30, you shouldn't get overly excited and rush to buy a Lamborghini or pre-order one just yet.

Vova: Haha, yes, Dima! It's essential to exercise some financial discipline, right?

Dima: Absolutely, Vova.

It's all about understanding exactly how much of that money you can spend or reinvest.

So, let's break this payout amount to better understand how, where, and why the money is distributed.

Out of this amount, there's $18,091.99 locked up for your cost of goods.

You can't touch this money because it's reserved for buying inventory.

As you probably know, inventory is the lifeblood of your business.

Without it, sales won't happen.

So, those $18,091.99 are a must to keep your business running smoothly.

Now, what you are left with is $10,925.30, and it's up to you to decide how to allocate it.

You might use it to pay for services, cover employee salaries, or even make a withdrawal for yourself.

The key is to figure out the right balance.

I'll share a practical approach I used to follow.

I'd split this remaining profit 50-50.

Half of it, $5,462.65, went back into the business to ensure its growth and health.

The other half, well, that was the flexible part.

I could use it as I saw fit, depending on my priorities and needs.

So, these are the simple rules I used, Vova.

It's all about maintaining a smart financial strategy to keep your Amazon FBA business thriving.

Vova: Yeah.

Dima: You know, there are probably a lot of financial advisors out there, but I'm just sharing my practical approach, the way I used to do it when I first got started.

Vova: That's a great way to break it down.

Dima: Absolutely.

So, now that you've got a grasp of what a payout means and how to manage it, let's delve into why the Payouts Report is such an essential tool.

Every withdrawal or payout that happens, you should be examining it closely.

Take a look at your cost of goods and ensure you set that money aside.

If you're operating in the USA, it's relatively easy to have multiple bank accounts within the same company and transfer funds between them.

For example, you can have one account exclusively for inventory, never touching it for anything else.

This strategy is in line with a concept I recommend, inspired by Mike Michalowicz's book "Profit First."

Vova: Ah, "Profit First" by Mike Michalowicz, is a game-changer for many entrepreneurs.

Dima: Absolutely, Mike Michalowicz's insights are gold, and here's the thing, Vova.

Some people believe that as soon as they start making more money, all their problems will magically disappear.

But let me tell you, the moment your income grows, your problems tend to grow along with it.

In fact, you might discover that with more income, you face even more significant challenges.

Here's a simple example: When your company is just starting or in its early growth stages, it's relatively easy to address issues by cutting back on personal expenses.

But as your company scales and becomes more substantial, trimming personal expenses won't make much of a difference.

Of course, unless you're living extravagantly with private jets and luxury rentals – that's a different story.

The real game-changer comes when you start focusing on understanding your Return on Investment (ROI), your production cycle, and finding ways to optimize it.

You'll need to figure out how to move inventory efficiently between warehouses, reduce inefficiencies, and make packaging improvements, just to name a few strategies.

Speaking of packaging improvements, we're currently assisting a company with that.

They have a poly bag as their packaging.

Now, here's the deal: when this packaging arrives at Amazon, Amazon meticulously inspects it.

They look at it from all angles, measuring it thoroughly.

The tricky part is that a poly bag is a soft material, so what we're doing for this company is a little crafty.

We're taking the corners and adjusting the tape to make it smaller.

This transforms the product into an entirely different size category, leading to significantly lower fees.

The key here is that all these numbers need to be pre-calculated. It's easy to be surprised.

For instance, you might be paying $8 for this packaging improvement, while your competition is paying $14.75.

That's a difference of $6, and it's pure profit slipping through their fingers just because they didn't optimize their packaging.

Vova: Absolutely, Dima. It's the small, often overlooked details that can make a significant impact on your business.

Dima: Yes, it's very important.

Vova: Good stuff.

Dima: Alright, so we've delved into this significant financial aspect.

It's crucial for all of you to ensure that you're actively engaged with your finances, analyze the numbers diligently, and never be complacent.

Here's a valuable book recommendation – "Financial Intelligence." I highly suggest you give it a read.

Now, while I mentioned "Profit First" earlier, which is more about personal improvement, "Financial Intelligence" is a book to dive into when you're serious about becoming truly knowledgeable.

You might hear people say, "I'm not an accountant," or "I'm not a CPA," but here's the thing: as a business owner, there's only one person in your company who has the highest vested interest in making more money, and that's you.

So, educate yourself and keep learning.

Vova: Absolutely, Dima. Continual learning and financial awareness are essential for every entrepreneur's success.

Dima: And here's a cool piece of advice that I recently shared with my wife.

She sometimes wonders why I'm constantly collecting so many books.

I told her, "Listen, you don't need to read every book cover to cover."

You can do this for any category you're interested in, whether it's finance, personal development, meditation, or habit-building.

Just go to YouTube, type in the name of the book, followed by "summary," and you'll find concise summaries of these books in about 15 minutes.

These summaries are packed with knowledge, like concentrated wisdom.

For example, while I'm at the gym, I hop on a treadmill and walk for an hour.

During that hour, I can listen to summaries of about four books.

I know it's not the same as reading the entire book, but the goal here is to extract the best advice and insights from them.

Of course, if a particular book really grabs your interest, you can always dive into the full version.

Vova: That's a fantastic way to maximize your learning and make the most of your time.

Dima: Okay, maybe we'll cut this from the interview or consider it as a bonus.

I don't want people to feel bored, you know?

Vova: I don't think so, man.

I don't think they're gonna be bored at all.

You've been dropping knowledge bombs and sharing valuable insights for people to improve their businesses, so I think it's really cool, and I appreciate it.

Dima: Well, thank you so much.

________________

Conclusion

So, that's a wrap on our journey through the Sellerise Payouts tool, and what a journey it's been!

We've covered the ins and outs of this fantastic feature that will redefine the way you manage your Amazon FBA cashflow.

Whether you're a seasoned pro or just starting out, understanding how to allocate your funds wisely is a game-changer.

A massive shoutout to Dima Kubrak, the brilliant mind behind Sellerise, for sharing his insights and wisdom.

We've explored essential concepts, from cost of goods to profit strategies, and you've gained a glimpse into the financial intelligence that every FBA seller should cultivate.

Remember, I'm here to make your Amazon FBA experience as smooth as possible.

So, don't forget to check out the related video for a visual walkthrough, or browse my A to Z Sellerise tutorial for a comprehensive guide.

But wait, the best part is yet to come!

To supercharge your Amazon FBA game, I'm thrilled to offer you a free Sellerise trial and an exclusive discount – because I believe that every step forward in your FBA journey is a step towards success.

Get Free Trial PLUS 10% Recurring Discount On All Plans

As we close the chapter on this article, always keep learning, growing, and adapting.

Your success is just around the corner, and I'm here to help you reach it.

Until next time, happy selling, and may your Amazon business thrive beyond your wildest dreams!

Best,

Vova :)