Cost to take into account

In this section I have not included time costs. If you’re reading this book, you’re probably not on someone else’s clock, unless you’re moonlighting. But time is imponderably important. It
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probably took me 50 hours of work to get my first FBA product listed. On top of that, I had spent time creating the brand name, the logo, the Facebook page and the (very poor) website
So there’s a big up-front cost in terms of time. However, when the first batch sold out, the re-order took less than two hours. Good record keeping is essential – set up a spreadsheet and
keep a record of every penny you spend. As you grow, you might want to invest in some accountancy software, such as QuickBooks. Below is a list of some of the main costs you’re likely to incur:
-Set up costs – As mentioned above, setting up a new brand costs money. You don’t have to allocate this
against your first product, but you should be aware of it.
-Product development costs – You may have to pay for designers or for samples (or for both). These are
necessary costs, and should be divided by the number of units you order. For example, if your sample cost £60 and you order 120 units, you should add 50p per unit to cover this. Unless, that is, you can get the manufacturer to refund the sample fee when you order in bulk.
-Packaging costs – Including packaging materials, branding and barcoding. Get the supplier to quote for this sooner rather than later, otherwise they can end up being an unpleasant surprise when you come to pay the bill.