What's going on guys? Today, I'm going to be showing you how I keep track of my costs, sales, profits, and pay-per-click spending. This method works for retail arbitrage, reselling, and private labeling. If you want to download the Excel sheet I have, I will leave a link to it in the description. It will be the first thing you see. Let me show you how I set mine up for maximum sense and automation. Personally, I like to break it down by month. I have January through December, and then a "totals" column. I track it on a daily basis, but you can choose to do it weekly or monthly if you prefer. I find it more enjoyable to see how much I'm making each day. So, I have the dates, the product names (let's use "camping hammock" as an example), the units sold, and the price per unit. Let's say we sold ten units today at $29.99 each, making our total revenue $299.90. I also include the unit cost, which is what we pay the supplier per unit. If we ordered a hundred units for $1000, the unit cost would be $10. However, let's assume our unit cost is $5 for this example. Next, we have FBA fees, which are per unit. If you don't know how to track this, I'll quickly show you. Just type in "FBA calculator" or "calc" and click on the first link. Enter your product name or find a similar one if you're unsure. For instance, let's use "camping hammock" again. We'll choose a similar product and input the price we're charging ($29.99) and continue. We don't need to fill in shipping costs because we've already factored that in from our supplier. The cost of the product is already in a different section. The...
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