Have you ever considered selling products on Amazon? If so, this Helium 10 Sales Estimator guide is for you.
When I started selling on Amazon, I realized it was not as easy as I thought it would be. Making money on Amazon isn’t as simple as just putting up a product and waiting for cash to roll in. You have to think about pricing and profit margins properly.
In this guide, I will discuss an amazing tool I have used since the beginning: the Helium 10 sales estimator. This tool has helped me determine how much profit I can make with my Amazon FBA business.
Helium 10 will check your potential products to sell and tell you how much profit you will make by selling them on Amazon. Save 25% on the Diamond plan now using the latest Helium 10 coupons in 2024.
Helium 10 has a Profitability Calculator that helps you figure out the exact amount of profit you will be pocketing. It considers all the Amazon FBA fees that can affect your profits, and then it will tell you the final results.
Let’s talk about this in more detail!
What Is Helium 10 Sales Estimator?
Helium 10 Sales Estimator is one of the best tools for your Amazon business, and it’s totally free! This tool is part of the Helium 10 Chrome Extension and has been a game-changer for Amazon sellers like me.
With the Sales Estimator, I can get a sneak peek into how much money I could make each month with a specific product. I can take a good look at my future profits. The Sales Estimator accurately estimates how many units I could sell and the revenue I could make from them.
You must be wondering how it works. Helium 10 has a massive database of past sales data, and the developers have created some fancy algorithms to get accurate numbers for you. I can just put in all the important information to get the proper insights to decide which products to sell.
If you are serious about making money on Amazon, the Helium 10 Sales Estimator is definitely your new best friend.
How To Use Helium 10 Sales Estimator?
Well, here comes the process of using the Helium 10 sales estimator. I will mention the easy steps on how you can start with the Sales Estimator feature of Helium 10 right away:
Step 1. Create a Helium 10 Account:
Start by signing up for a Helium 10 account. It’s a simple process use your name and email. Initially, I used a free plan with some tools, including the Chrome extension. With Premium, I could unlock all the tools and get real-time data for every Amazon product.
Step 2. Download Chrome Extension:
Download and install the Helium 10 Chrome Extension from the Chrome Web Store or Helium 10’s official website. Once downloaded, open the extension from the extensions bar and log in to your Helium 10 account.
Step 3. Visit the Preferred Amazon Listing:
Activate your Helium 10 account on the Chrome extension and head to the product listing page on Amazon. The extension will pop up, showing many seller details and sales history. After selecting a particular product, it was easy for me to find the listing details by Helium 10 at the top of the product. On the right-hand side, I can easily check how many sellers compete for the Buy Box.
Step 4. Use the Sales Estimator Tool:
Scroll down the listing page to find the Sales Estimator and Revenue Calculator tools on the left. You’ll see the Buy Box price and the total number of sellers sharing it. Remember, this price doesn’t include FBA fees or shipping costs.
To estimate your potential sales, add yourself as a seller, set the same price, and launch the Sales Estimator.
Step 5. Verify the Numbers with an Xray:
While the Sales Estimator provides estimated values, you can confirm them using the Helium 10 Xray tool within the Chrome extension. This tool gives you exact sales data and monthly revenue. Check if the numbers match the Sales Estimator data. I rely on this to avoid manual calculations.
How Can Helium 10 Help Improve Profitability?
Helium 10 can certainly help improve profitability. How? Let me tell you!
When I did not have many hours to analyze the market and look for the best deals, Helium 10 did the work for me. Also, adding another tool to the mix might seem like you are overdoing it, but trust me, it will save time. Time is money.
Helium 10 has an amazing tool called the profitability calculator. It acts as a financial advisor right at your fingertips. This tool digs deep into important data like ROI and profit margins. Knowing these numbers before starting with a product can be a real game-changer.
The best part of using Helium 10 is that the calculator considers everything from product price to seller fees, taxes, and shipping costs.
Trust me, once you start seeing those numbers climb, you’ll wonder how you managed without it.
Who Is Helium 10 Sales Estimator For?
Before you start using Helium 10 for your Amazon selling business, you should know whether this tool is for you. Let’s see if Helium 10 sales estimator is a good choice for you:
FBA Sellers
The Sales Estimator is tailor-made for FBA (Fulfillment by Amazon) sellers who are gearing up to compete with existing sellers in their niche. Whether you’re just starting or a pro, I suggest using this tool to survive in the competitive Amazon marketplace.
Wholesalers
Wholesalers can reap the most benefits from the Sales Estimator. Unlike private label sellers who have control over their product prices and can dominate the Buy Box, wholesalers often have to share the Buy Box with multiple sellers. This tool helps wholesalers forecast sales and revenue, giving them valuable insights into their potential profits.
Private Label Sellers
While private label sellers have the advantage of controlling their product prices and winning the Buy Box automatically, the Sales Estimator can still be a valuable tool for them, just like it has helped me to identify profitable products to add to their inventory and expand their business.
New Sellers
If you are just starting out on Amazon, the Sales Estimator can be a game-changer. I can assure you that it will help you find profitable products to start your new Amazon business and kickstart your Amazon journey on the right foot.
Established Sellers
In my opinion, established sellers on Amazon can also use the Sales Estimator to help you stay ahead of the game. You must monitor the new business that might overtake your existing one. It allows you to explore new products and expand your inventory, ensuring your business continues growing and thriving.
Why Use Helium 10 Sales Estimators?
Now that you know how to use Sales Estimator, you must be wondering why you should be using it. I have already provided enough information about the same, but let me give you some proper and solid reasons to use Helium 10 Sales Estimator.
Prevent Costly Mistakes
Launching products without proper research can lead to missed opportunities and wasted resources. The Sales Estimator helps me avoid low-potential or unprofitable products, saving me time and money.
Monitor Competitor’s Products for Free
Tracking competitors manually is time-consuming and often unreliable. With the Sales Estimator, I get accurate insights into competitors’ sales and revenue without spending a dime.
Forecast Profit
By analyzing sales and revenue data, I can easily predict the potential profit of a product. All I need are the prices from my suppliers to make informed decisions about my investments.
Research Multiple Products
The Sales Estimator provides quick data on each product’s historical sales. This way, I can efficiently speed up my research process and evaluate multiple products.
Make Data-driven Decisions
I can confidently finalize which products to list on my store with real-time metrics. The Sales Estimator eliminates guesswork and ensures I make informed, data-driven decisions.
Tips for Increasing Product’s Profitability
So, what if the product I’ve got my eye on doesn’t quite fit the profitability criteria? Here are a few tricks I can use to tweak things and make it profitable for my FBA store:
Adjust Package Size
One thing I can try is tweaking the packaging size. Amazon has specific standards for shipping boxes, so if I can shrink down my product packaging, I can also shrink down my shipping costs. And smaller shipping boxes mean bigger profits for me!
Reprice Your Items
If adjusting the package size doesn’t quite cut the cost, I might need to rethink the pricing of my products. Prices on Amazon can fluctuate, so bumping up the price a bit might not be a deal-breaker. Of course, I’ll want to do some research to make sure I’m not overpricing my products, but a little increase could mean a lot more profit.
Research Other Winning Products
If I can’t make my current product work, it might be time to explore other options. I can look for alternative versions of the same product or even consider something entirely different. Before I start with any product, I will want to use the Helium 10 profitability calculator to ensure I’m making a smart move.
Conclusion
I hope you have understood all about the Helium 10 Sales Estimator. You have to make your business successful, and for that, you need help. This tool is the most suitable option to extend your Amazon business profit.
I have mentioned all the important information, like Why and How to use the Helium 10 Sales Estimator. Just follow the simple steps, and then you are good to go.
Good luck with your Amazon Business!
