EP 87 - Vladi Gordon - Benefits of Using Profitability Analytics Tool in Your Amazon Business Part 2

Benefits of Using Profitability Analytics Tool in Your Amazon Business Part 2 Today’s episode is part two of a three-part series with Vladi Gordon, co-founder of sellerboard.com, a profit analytics service for Amazon sellers. Vladi has worked in the software business for many years. Here are more amazing lessons on today’s episode: Why bookkeeping is crucial to your Amazon business. Why quality assurance or some sort of inspection process is vital before shipping out. The profit killers that a lot of times entrepreneurs tend to overlook. So listen, enjoy and become inspired by Vladi’s amazing Amazon success story. 03:18 (Always do your bookkeeping if you’re an Amazon seller.) 05:04 (Always make sure your business model is healthy.) 07:27 (Steve gives an example of when items gets tagged as oversized causing excess charges.) 09:32 (Steve talks about how important it is to do quality assurance or some sort of inspection process before shipping out.) 12:27 (Vladi talks about the biggest profit killer for an Amazon seller.) 17:41 (Vladi talks about the second biggest profit killer for an Amazon seller.) Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, “You can have everything in your life you want if you help enough other people get what they want.” It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT If you’re launching a new product manufactured in China, you will need professional high- resolution Amazon ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listings photographs before your product even leaves the country. This streamlined process will save you the time, money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit SymoGlobal.com to learn more because the picture should be worth one thousand keywords. You're listening to the Awesomers podcast. Steve: You are listening to Episode Number 87 of the Awesomers podcast series. And for those keeping score home just run on over to Awesomers.com/87 and you'll find today's show notes, details and even some links that we talked about. With today's featured guest, coming back to us for part two of three is Vladi Gordon. And we talked to Vladi about some of the important things that I think a lot of times entrepreneurs overlook and that’s these profit killers as Vladi calls them. I sometimes call them black holes or other fun titles because any time you don't know where the money is going it can be a very destructive situation in your business. So it's really important to get that financial house in order. And I know, if you're anything like me that doing the financials and doing the bookkeeping that's kind of like, “ I'll get to it when I get to it” or maybe you've even hired somebody and you’re like yes, they’ve got the monkey, I don't really want to interface with it that much. I started out like that. I can assure you it certainly is not something that I would recommend. Don't find yourself scared about finance and your lack of understanding can be overcome. It's something that you can absolutely solve and we talk about that a lot in today's episode, looking for some of those profit killers. Go ahead and jump into this episode and learn some more about how to get your business running right. Steve: Okay here we are back again everybody on Awesomers.com podcast with Vladi Gordon.