If you’ve never used Amazon FBA tools before, we have 10 amazing finds for you. And even if you have, you may not have ever tried these ones. Our top 10 picks will help you run your store more efficiently and rake in more with wider profit margins.
The Role of FBA Tools in Enhancing Operational Efficiency and Profitability
FBA (Fulfillment by Amazon) tools are a powerful suite of software and services. Amazon designed them all to help Amazon sellers streamline their operations, increase efficiency, and boost profitability. Here are just a few of the ways that FBA tools can help:
Inventory management
FBA tools can help sellers track their inventory levels in real-time. This ensures that they never run out of stock while also not overstocking. This can help to reduce carrying costs and improve cash flow.
Order fulfillment
FBA tools can help sellers automate the order fulfillment process. This ranges from picking and packing to shipping and tracking. This can save sellers a significant amount of time and effort. In turn, sellers can then focus on other aspects of their business.
Customer service
FBA tools can help sellers provide excellent customer service by automating tasks. Some examples include answering customer questions, tracking orders, and resolving disputes. This can help to increase customer satisfaction and loyalty.
Business analytics
FBA tools can provide sellers with detailed insights into their business. We’ve seen it at work in the areas of sales data, traffic data, and customer data. This information can help sellers make informed decisions about how to grow their business.
Reduced storage, labor, and delivery costs
FBA takes care of storing and shipping products. This allows sellers to reduce costs associated with warehousing and delivery.
Access to Amazon’s fulfillment network
FBA allows sellers to take advantage of Amazon’s vast fulfillment network. The largest one on the planet, it includes over 175 fulfillment centers worldwide. This means that sellers can offer fast and reliable shipping to customers all over the world.
Increased sales
By using FBA, sellers can increase their sales by reaching more customers. They can also offer a better customer experience. In fact, because of Amazon’s excellent customer service, online shoppers actually have higher expectations from sellers!
Improved seller performance
FBA can help sellers improve their seller performance metrics. This leads to increased visibility and sales. Amazon FBA tools are an essential part of any successful Amazon seller’s toolkit. Using the right FBA tools can take any store to the next level. Sellers can streamline their operations, increase efficiency, and boost profitability, all with mostly automated help. Then it becomes a whole lot easier to bridge the gap with outsourced help. For example, you can hire a virtual bookkeeper or amazon FBA virtual assistant to supplement operations.
Top 10 Amazon FBA Tools
Now, let’s look at our prime picks among the Amazon FBA tools that can be game chargers for your store.
1. Helium 10
Helium 10 is a valuable tool for any Amazon seller who wants to increase their sales and grow their business. The makers designed it to help Amazon sellers optimize their businesses and increase their sales. It offers a range of features that can help sellers with every aspect of their business, including:
- Product research to identify the highest potential through demand, competition, and profitability.
- Keyword research for highest relevance, search volume and competition.
- Listing optimization to help sellers create high-quality content that will rank well in Amazon’s search results.
- Sales tracking and performance monitoring through a variety of reports.
- Customer feedback management with a feedback manager, a review request tool, and a review monitoring tool.
- PPC management through their keyword research tool, bid optimizer, and campaign performance tracker.
- Inventory management through a tracker, reorder point calculator, and profit calculator.
2. Jungle Scout
Jungle Scout is a powerful tool for Amazon sellers. It provides a suite of tools to help you find and analyze products, track your sales, and manage your inventory. Jungle Scout’s flagship product is the Jungle Scout Chrome Extension. This tool lets you research products on Amazon and see key metrics like sales rank, reviews, and estimated revenue. Jungle Scout also offers a web app and a mobile app, so you can access your data from anywhere. In addition to its product research tools, Jungle Scout also offers a number of other features. These focus on Amazon business growth:
- Keyword research through a tool to look up high-volume, low-competition keywords.
- Product tracking for sales, reviews, and prices of your products over time.
- Inventory management to track your levels and reorder products when they’re running low.
- Sales analytics to see your data in a variety of ways, so you can identify trends and make informed decisions about your business.
3. SellerTools
SellerTools is a cutting-edge sales tool suite. It gives sales professionals and serious Amazon store owners the resources and insights they need to succeed. SellerTool has innovative features and intuitive interface. Through these, it provides users with a comprehensive solution to streamline and enhance their sales processes. Some of this tool’s key features and benefits include:
- Centralized prospect data that consolidates information, making it easily accessible and organized.
- Data source integration, including CRM systems and social media platforms.
- Open API for seamless integration with custom applications.
- Lead scoring and prioritization through advanced algorithms to score and rank prospects based on their fit and potential value.
- Personalized content and messaging that provides a library of customizable sales content, including email templates, presentations, and videos.
- Real-time activity tracking and recording of all sales activities and offers insights into prospect engagement and helps optimize follow-up efforts.
- Sales pipeline management and sales opportunity progress visualization to identify opportunities and bottlenecks.
- Performance analytics and reporting to enable sales managers to track teams and identify areas for improvement.
- Mobile accessibility for on-the-go access to key sales information and tools, facilitating remote work.
4. Feedvisor
Feedvisor is a leading provider of AI-powered content intelligence solutions for businesses. Founded in 2013, the company’s mission is to help organizations make better use of their content. They help by providing businesses with the insights they need to create, distribute, and optimize their content for maximum impact. The Feedvisor Content Intelligence Platform is a cloud-based SaaS solution. It provides businesses with a comprehensive suite of content intelligence tools. The platform includes content features such as:
- Discovery to find the most relevant and engaging content from across the web.
- Analysis to gain insight into performance, including key metrics such as engagement, reach, and conversions.
- Optimization to rank on search engines and social media.
- Distribution tools to get material to the right audience.
5. Keepa
Keepa is a popular tool designed to help you track prices and find deals on Amazon. Here’s a summary of its key features:
- Tracks historical prices and sales ranks of individual products to see how they change over time.
- Sets price drop alerts to know when it drops below a certain threshold so you can buy it.
- Provides additional product data like product reviews, seller information, and estimated delivery times.
- Offers a browser extension and mobile app, allowing you to access its features directly on Amazon product pages, even on the go.
6. BuyBotPro
BuyBotPro is a tool that helps users with online arbitrage, specifically by analyzing deals on Amazon. It claims to be the “world’s first and only fully automated online arbitrage and retail arbitrage deal analysis tool”. That’s a pretty bold claim. Here’s a summary of its features:
- Automated deal analysis on various data points, including estimated sales, profit margins, competition, and potential intellectual property violations.
- Sales history analysis of prices and Best Seller Rank.
- ROI & Profit calculator, taking into account various factors like Amazon fees, other costs, and user-defined custom criteria.
- Competition checker on all sellers, including Amazon itself, along with their stock levels, review count, and positive feedback percentage.
- Buy sheet automation of purchased deals.
7. InventoryLab
InventoryLab is a web-based application designed specifically for Amazon sellers. It aims to streamline product sourcing, listing, and inventory management. Here’s a breakdown of its key functionalities:
- Product Sourcing through their mobile app Scoutify 2.
- Listing tools to create detailed product listings, including barcode labels and box-level content information.
- Inventory Management for accurate tracking of all Amazon inventory movements, encompassing sales, returns, removals, and disposals.
- Cost per unit (COGS) and expense tracking to help sellers maintain accurate financial records.
- Automated accounting reports down to the transaction level.
- Profitability reports for insights by unit.
- Restocking analysis suggesting optimal inventory levels to avoid stockouts or overstocking.
- Integrations with various other tools.
8. ScoutIQ
ScoutIQ is a retail arbitrage software with a US and UK market focus. It primarily focuses on books, although it might work for other product categories as well. Here’s a summary of its key features:
- Mobile app that allows users to scan barcodes (ISBN for books) and receive instant profitability insights.
- A proprietary eScore that provides estimated historical sales data, eliminating the need to switch between different apps.
- Profit-focused approach, considering Amazon fees and other costs, rather than just the listing price.
- Offline database for essential data even without internet connectivity.
- Customizable smart triggers set to guide users towards profitable buying decisions.
- Simplified interface with color-coded bars for faster sourcing choices.
9. Scoutly
Scoutly by ASellerTool is a mobile app for sourcing and listing products. It offers the following features:
- Offline database of product information on the go, even without an internet connection.
- Barcode scanning using a smartphone camera to instantly view pricing on Amazon, historical price trends, sales rank, and estimated profit margin.
- Integration with TurboLister app to help sellers create and manage Amazon listings quickly and efficiently.
10. Quickbooks Bookkeeping Software
QuickBooks offers various features that help businesses keep accurate books. It also helps accountants have an easier time understanding financial records. This makes tax season less burdensome. QuickBooks users can access their information from anywhere. They can also give their accountant direct access for real-time collaboration, any time. QuickBooks offers different plans depending on the size and needs of the business. Here are the basic features:
- In-app invoicing and bill management for more organized payments.
- Expense tracking over various accounts.
- Tax deduction identification and calculation for maximum savings.
- Job costing to see which projects make you more money.
- Real time inventory management to know what’s in stock and what’s on order.
- Customize professional estimates and automatically convert accepted offers to invoices.
- Automated mileage tracking and easy sorting.
- Create and file 1099s for any independent contractor hires.
Frequently Asked Questions
How do Amazon FBA tools interact with e-commerce platforms outside Amazon?
Amazon FBA tools are primarily designed to manage and optimize inventory, listings, and fulfillment within the Amazon ecosystem. However, some are also relevant to other platforms. Helium 10, Jungle Scout, and AMZScout, for example, can help with product research based on various factors like market demand, competition, and profitability. The data they provide is specific to Amazon. However, it can offer general insights into product trends that might also be relevant to other platforms. Tools like InventoryLab and SellerCloud can help you manage your overall inventory levels, even if you sell on multiple platforms. They can track stock across different channels, helping you avoid stockouts or overstocking on all platforms, not just Amazon. Tools like Shopify’s Multi-Channel Listings and WooCommerce Amazon FBA can facilitate listing your Amazon FBA products on other platforms. Note that functionality and limitations vary depending on the tool and platform.
Remember that most e-commerce platforms have their own set of tools and features specifically designed for their ecosystem. For optimal success on other platforms, look into using these tools, unless you sell on multiple channels.
Can using multiple FBA tools lead to data overload, and how can I prevent it?
Yes, using multiple FBA tools can definitely lead to data overload. You can get overlapping data that you need to sort through. Even worse, you can get conflicting data. This is because different tools may use different algorithms or data sources. The sheer volume of data from various tools can be overwhelming, making it difficult to identify the most important insights.
You can prevent data overload, however, by following a few easy steps. First, before subscribing to any FBA tool, clearly define your goals and what information is most crucial for you. Second, choose a few tools that cater to your specific needs and integrate well with each other. You will need to test a few to find the right combination. Good thing most tools offer free trials! Third, prioritize information that helps you make informed decisions and take decisive action. Fourth, use filters to customize reports and focus only on the most relevant data.
What Is EcomBalance?
EcomBalance is a monthly bookkeeping service specialized for eCommerce companies selling on Amazon, Shopify, Ebay, Etsy, WooCommerce, & other eCommerce channels.
We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month.
You’ll have your Profit and Loss Statement, Balance Sheet, and Cash Flow Statement ready for analysis each month so you and your business partners can make better business decisions.
Interested in learning more? Schedule a call with our CEO, Nathan Hirsch.
And here’s some free resources:
- Monthly Finance Meeting Agenda
- 9 Steps to Master Your Ecommerce Bookkeeping Checklist
- The Ultimate Guide on Finding an Ecommerce Virtual Bookkeeping Service
- What Is a Profit and Loss Statement?
- How to Read & Interpret a Cash Flow Statement
- How to Read a Balance Sheet & Truly Understand It
Conclusion
Did any of these top 10 Amazon FBA tools strike your fancy? We’re hoping several caught your interest! We don;t want you to get overwhelmed, of course. But we know that the right tools are essential to success. So, we want you to try out a few until you find what works best for you.
