- Sourcing items quickly and efficiently
is one of the most important parts
for any Amazon FBA business,
and a couple of months ago,
I went over a list of my beauty suppliers,
showing you guys how exactly I source
using the FBA multi tool,
and today I'm going to be going over
three new updates they added
that make sourcing even easier than it already is.
So, if you guys are ready,
let's go ahead and get right to it.
(upbeat music)
Hey everyone, welcome to today's video.
My name is Kris, and I share different ways
on making money online,
and it's absolutely crazy
what you can do from a laptop in 2019.
Now, there are multiple tools I use in my business,
but the tool I'm going to be going over today,
the FBA multi tool,
is the main one I use for evaluating
whether or not I want to buy a product or not
to send into to sell on Amazon,
and I really feel like this tool
is extremely important for anyone participating
in online arbitrage or wholesale.
I think it's my favorite tool.
Everyone on my team uses it,
and I don't see that changing anytime soon.
Me actually plugging into the spreadsheet
what's the ROI?
How many of these do I buy?
And we're going to go over all of that
But I want to cover the updates first.
So right away you guys can see there's a new button
over here called the Ungate button
and what this sone will do is
normally if you want to ungate something on amazon,
you have to plug in the the ASEN
and then it will tell you whether or not you can sell it.
There are tools out there that will tell you,
Hey, you can sell this or you can't sell this,
but sometimes you can get automatically ungated,
and so you don't have to do that yourself,
this new ungate button,
literally all you have to do is just click it
and it will load.
And now it says manual intervention required.
So what that's telling us is is that in order
to get ungated in this item,
you actually have to submit documentation.
Now sometimes it will say approve
and then you can sell that item.
And you don't have to go in and paste
the ASEN into your Amazon portal,
into your add product portal.
That's a great time saver.
Now something cool I really like about this tool
is the PL detector.
Now I did show this on my last video,
really didn't mention it because
it really wasn't doing anything at the time.
The new PL detector,
what it will do is if you hover
your mouse over the lights,
it rates it by green light, red light and orange,
and it rates the risk of the product.
So right here I can hover my mouse over
the three green lights and it says, okay,
you know, Amazon is not a seller,
the brand is not a seller.
That means that this has three green lights.
Now some things that take into effect of whether or not,
you know that's it's going to be all three green lights,
is the brand itself selling?
Because if the brand is selling itself
and you know Amazon selling,
you're risking yourself for IP claims
and this is a great way to quickly assess that.
And the last new update that they added
was the score card, now this right now is blank,
but once you plug in the price,
so let's say I can buy this for five bucks,
it will then throw a score at you over here.
Now this is really great for beginners.
I really don't use this as much,
but if you're a beginner and you're kind of wondering,
Hey, what makes a good product, a good product,
this score chart will let you know
how the FBA multi tools rating it.
So number of sales a month, as you guys can see,
it's showing a 1 K to 1.3 K sales per month.
So it rates that as excellent competition.
There aren't too many sellers at the buy box here.
Amazon is not on it.
Profit is great cause we're at a 80% ROI.
I believe the base ROI is 30% so anything under
30% it will negatively count towards the score.
And then the buy box stock, which is pretty cool.
So these are all new features that I think you know,
it's all about keeping yourself on the screen, right?
How can you source by just being on the screen
and moving around the least amount of possible?
You know, assume I can't sell this product
without proper documentation,
but let's just go ahead and plug this into the sheet.
So I have a sheet right here
where we have a $5 price, right?
And let's go ahead and make $5 price.
And this is 80% ROI after shipping.
So we'll say 0.8 gross profit is,
is a two times B two and that's four bucks.
You know, if I wanted to drag this out
a little bit longer, I could,
it's a $4 and eight per month.
Now sales per month,
I'm gonna say there's a thousand sales per month.
I'm gonna always round down,
but then number of FBA sellers.
Now this part of the tool is my favorite part,
Hands down.
A lot of other tools do not have this,
rev seller does not have this.
A lot of the other competitors don't have this
where you click on the sales data
and I can see, okay,
how many people are at the buy box here?
So we have Amazon right here.
Now this isn't a video about whether
Amazon's on it or not.
This is just showing you how the tool works
is we're going to see, okay,
there's three other people at the buy box.
You know, this guy possibly could come in,
we'll say there's four other people at the buy box.
So four other people at the buy box,
that's 250 monthly and then,
but then we have to include us,
so that's five.
So we're going to capture 200 sales a month.
Assuming you know, Amazon is just a regular seller.
That's not the point of this video.
That's weekly sales.
So if we wanted to order two weeks worth of inventory,
we would buy 200 units.
Okay?
And that's kind of how that works.
Now I always like to make notes.
It looks like this is a great overseas product notes.
So if you know does well overseas
and I might make none of that, Okay.
Now let's go ahead and check out
this second product
and I'm going to go through the entire thing,
right?
So the second product over here,
let's see if we can get auto ungated,
maybe, maybe not, I don't know,
manual intervention required.
So we can't, okay, so we buy it for five bucks.
So, and this right here.
So let's go ahead and see, okay,
this is a 39% ROI and let's go ahead
and drag this formula down.
Sales per month.
It is getting a thousand sales per month.
So right here sales estimate,
I always like to be conservative
on thousand sales per month.
And then number of FBA sellers sales data,
we have a total of, okay, Amazon is on this.
So we have one, two,
no actually let's not count that guy cause
he only has one in stock.
So there's two counting Amazon and then counting
us there would be three.
So we're the third seller and then, okay,
so we're going to capture 333 monthly sales,
weekly sales, 883 and so that means if we wanted
to buy two weeks worth of inventory
or three weeks worth of inventory,
we would just take that times two or three.
And then that's how many we would buy
and then also what we can do is,
we can make any notes here.
So this looks like it does not do well overseas
and is the brand on this.
Wilton is not a seller,
so right here we can see Wilton is not a seller
three-plus sellers.
Now, something about this,
obviously Amazon's on this and so I would check to see,
okay, is Amazon allowing undercuts
right now it appears that they are,
but my guess is that seller at 1599
still may not be getting the sales.
Yeah, it's a low key, like Amazon has always
had the buy box, so you know,
I would probably stay away from this product,
but nonetheless, that's how I calculate this.
The data, right. I would just keep going down
these updates, I mean it's literally
you're staying on one screen, it's so quick.
That's pretty much it guys.
Just more or less a PSA, you know,
some cool updates to this tool.
If you've not checked it out,
I have a link in the description below
where you can give it a 24 hour trial run.
I recommend waiting to do this
until you actually have some products
to evaluate so you can kind of get a feel for it
when you do take it for a test drive.
But other than that, guys,
thank you so much for watching
and I will see you next time.
(upbeat music)