WHAT IS THE COST OF NOT KNOWING YOUR COSTS?

SellerVue Presents... Maximise Your Profit Workshop
"The Ultimate Guide to Fees & Costs"
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1. How to use this Guide?

If you answer YES! to any of these questions, this guide will be an important tool in understanding what your product landed unit costs are, so that you can be as profitable as possible.

  • Do you sell products on Amazon, Walmart, Etsy, Shopify and/or any marketplace?
  • ​Are you a Private Label Seller?
  • Do order products from a Factory or Manufacturing Company?
  • ​Do you use a freight forwarder to ship your products?
  • ​Are you flying your packages in with a courier service (such as Fedex, DHL etc)
  • ​Are your shipping your products by sea using LCL or FCL?
  • ​Are you using spreadsheets to track and monitor your costs?
  • Do you want to save time and increase your bottom line?

If you are hesitant about the impact of product and shipping has on your revenue, or if all the related factors seem too intimidating, you are not alone. I would almost say most online sellers are not trained accountants or bookkeepers.

At SellerVue, we understand this and strive to make sure users have access to accurate, automated, and trackable costs. Accurate Cost of Goods Sold are the foundation to a healthy bottomline. 

The Things to Consider
As we begin working through this guide, it will be helpful if you would start to gather some basic information about your products. This will allow you to learn as we go through each step. Unsure of some of the information? Then just make notes as you go, and get back to those details when you can.

  • Past Supplier invoices, in PDF format .
  • ​Shipping invoices.
  • ​Freight forwarder pack lists (Contents of shipments)
  • ​Complete address of the buyer or seller, including the Port of Loading and Port of Discharge when applicable 
  • Packaging size (length, width, height), including weight if known .
  • ​Number of cartons and units per carton.
  • Type of shipment container required, either full or less-than-container load, for marine shipments .

Businesses often overlook the value of product costs to ROI – or the other key metrics used to determine a product's profitability as they are overwhelmed when trying to decipher what the actual per unit cost of the product actually is.

This guide to product costs and inbound shipping calculations will help guide your decisions and ultimately help you:

  • Thoroughly understand the elements of accurately calculating landed profit costs .
  • Gain insight into inbound shipment costs and their relation to accurate product costs .
  • ​Determine how different shipping formulas impact your shipping costs.
  • Help you make the most of your time and increase your bottom line.

As we move through this guide, remember to apply the different examples and definitions to your own business. When you understand where every penny is going and why, you will know how to make your bottom line grow. 

Factory Cost + Inbound Costs = Product Landed Costs

This guide will help you fully understand your costs from the factory floor to a 3PL, FBA or your own warehouse floor. All costs need to tracked and analysed in order for your profit metrics to be accurate. 

Onwards and upwards to product profitability.

Download the free cheatsheet for our resource guide that shows you exactly how you can run your business like a cost-keeping pro.

Frequently Asked Questions

What is a dry container?
Dry containers (DC) are the most used type of container in the world: 90% of goods shipped by sea are loaded in dry containers. The 20-foot and 40-foot cargo containers are made of aluminum or steel and are suitable for all types of cargo. Aluminium containers have a slightly larger payload than steel, and steel dry containers have a slightly larger internal cube.
Dry container size and capacity
The specific dimensions and capacities of dry containers may vary depending on the container manufacturer, the age of the container and the container owner. The specifications listed below are representative of the majority of containers available.
Tare weight /ˈtɛər/, sometimes called unladen weight, is the weight of an empty vehicle or container. By subtracting it from the gross weight (laden weight), the weight of the goods carried (the net weight) may be determined. ... Tare weight is also used in body composition assessment when doing underwater weighing.
What does FCL mean in Shipping
Two of these include Full Container Load (FCL) and Less Than Container Load (LCL) shipping. FCL refers to shipments for which all goods in a container are owned by one party, while LCL involves multiple shippers' goods packed together.
What does LCL mean in shipping?
LCL (Less than Container Load) refers to a shipment that doesn't fill one 20 or 40ft standard container. The container is therefore loaded with cargo from multiple consignees. On arrival at the destination port, the goods are separated at a container freight station.
How is CBM calculated in China?
CBM – cubic meter is calculated by multiplying length, width and height of packages of goods. For example, if the length, height and width of a cargo is 2.3 meters, 1.4meters and 2 meters respectively, the volume of cargo is 2.3 X 1.4 X 2.00 = 6.44 CBM.
How do you calculate volumetric weight for shipping?
Volumetric weight can be calculated by multiplying the length, width and height of a parcel (in cm) and dividing that figure by 5000 (some carriers use a divisor of 4000). You may often find that the price of your shipment is dictated by the volumetric weight of your parcel(s) rather than the physical weight.

 Watch this Demo to see how it works:

Knowing your costs is that easy now...

  • ​Simple Invoice Editor!
  • ​​Quickly Assign Invoice Costs To SKUs !
  • Smart Analytics To Keep Your Costs In Check!
  • ​Storage All Your Invoices In ONE Central Database
  • ​​Everything organised in ONE simple dashboard!
  • NO MORE Ugly and *Inaccurate* spreadsheets!

Ready to ditch your spreadsheet?

Get started with a Free 14 Day Trial Today. 

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  • Dimensions & Weight Tracker
  • Real-time Product Cost Calculations
  • Split Costs Invoice Editor
  • Smart Analytics
  • Invoice Storage Database and Tracker
  • Easy-to-Navigate Dashboard

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  • Dimensions & Weight Tracker
  • Real-time Product Cost Calculations
  • Split Costs Invoice Editor
  • Smart Analytics
  • Invoice Storage Database and Tracker
  • Easy-to-Navigate Dashboard

Can You See Why So Many People Just Like You Are

Fed Up With Spreadsheets
And Signing Up For SellerVue.

(Accurate Costs Without Having To Hire or Rely On A Bookkeeper or CPA)

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Knowing your costs is that easy now...

Step 1... Add Your Invoice
Step 2... Split the Invoice
Step 3... See Your Costs
ACCURATE, AUTOMATED AND TRACKABLE COSTS 

Click the button below to start your 14 Day Trial and see just how easy it is to have accurate, automated and trackable costs with your subscription:

We Give You THE TOOLS You Need To Know Your Costs So You Can Be More Profitable Selling Your Products Online!

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