As an online seller, there are several tools you must keep in your arsenal. There are tools to help you do research, tools to help you reprice your inventory, tools to tell you how much traffic your listings are getting and why. With so many tools out there, it can be hard to determine which, if any, you should be using. I’m here to tell you that if you’re selling on Amazon, you should definitely be using the Profit Bandit app. Profit Bandit are an amazing app that will help you make the highest profit margin possible. Want to hear more about it?
The software company that manages the Profit Bandit is SellerEngine Software. These folks make some of the handiest software out there for Amazon sellers. Their three main offers are Profit Bandit, SellerEngine Plus and Sellery. They all offer different things, but they are all amazing and the top of the line programs. I would highly suggest checking them all out at one point or another, but definitely start with Profit Bandit. Profit Bandit is a price check software that allows you to scan a UPC and find out exactly how much profit you stand to make by purchasing that item. There are several other apps on the market, but Profit Bandit stands alone by calculating your profit based on 15 different factors, allowing you to view the item’s sales rank and compare prices on collectible, used and new items.
If you have never used a scanning app for your Amazon or even eBay inventory, I can personally guarantee that once you download the Profit Bandit app on your phone, it will change the way you buy inventory. Whether you are purchasing your inventory at thrift stores, big box retail stores, library sales or trade shows, you can use this app to determine which items to buy.
How to Use Profit Bandit
To use the app, you can simply open it on your phone and use the camera built in to your phone to photograph or ‘scan’ the UPC barcode of anything. You can also type in the ISBN or the UPC code or even the item’s name into the search box. If you have your hands full, you can use their “shake to scan” feature. Just shake your phone, and then allow the camera to focus on the barcode.
Once you scan or enter the item, it will pull up the information on your phone screen. From there, you can type in the cost of the item, select which type of item it is (collectible, used or new) and find the price the item is selling for. Type in the items cost in the “buy” box and the items selling price in the “sell” box and Profit Bandit calculates your profit based on 15 different factors such as Amazon fees, shipping costs and more! You can also find the sales rank of the item prominently displayed under the list price of the item at the top, along with a photo of the item to ensure it is the item you have in front of you. If you are a multi channel seller, you can even look up the item on ‘Camel Camel Camel’, eBay, or Price Grabber from within Profit Bandit to see how the item is doing on other sites. You can even factor in local sales tax when calculating your profit, or shipping within the US or the UK!
Why Profit Bandit?
I could go on and on about Profit Bandit. I have tried out several different types of price check software and this one is by far my favorite. It’s easy to use, costs just $14.99 as a one-time fee with NO monthly payments, and gives you all the information you need to make an educated purchase. Once you give it a try, I’m confident you’ll never leave home without it again! It has completely changed the way I shop. Now, when I encounter a stack of books at a library sale or a huge clearance at a retail store, I simply whip out my phone, go to work and walk away with a cart full of inventory that I am confident will bring me maximum profits. What could be better?