Top 5 Resources for Growing Your Amazon Business

Introduction

Inventory Lab is your all-in-one Amazon seller platform. From inventory to accounting they have what you need to run your Amazon store successfully. The team at Inventory Lab is always striving to deliver the most innovative products possible for you the end-user. We personally use the Inventory Lab program for our arbitrage programs here at Prep Ninjas. In our experience, it is easier to learn and use than Seller Central, saves time, and has the best shipment accuracy. Inventory Lab consists mainly of two different platforms, Stratify and Scoutify.

 

Stratify 

Stratify is Inventory Lab’s web-based solution for all your Amazon store needs. This is one of the most-robust and all-in-one platforms on the market today. It uses your browser to streamline software that manages inventory, provides real-time research, accounting for your business, and delivers you comprehensive reports. 

 

Inventory

One of the main features that make Stratify a powerhouse in the industry is its ability to tackle and track inventory. You can track, view in-stock values, sales values, and accounting details all from one platform. The Stratify inventory system allows you to organize your store into categories and show what your profits and ROI are for each category and product. Stratify also delivers precise reports for you to help you better understand the sales, profits, and expenses of your business.

 

Accounting

The accounting sections of the Stratify platform tracks not only your Amazon sales, but also can help you with everything from business overhead to any other expense you may incur in your business. The automated tracking system shows the profitability of each and every sale in your store. The Stratify accounting system will help you harness any and every expense and sales that happen within your Amazon store.

 

Research

Research is a core component inside both Inventory Lab solutions. Stratify showcases the research tool called Scout. Scout is a robust product research tool for all products sold on Amazon. It helps you as the seller to dig deep into the history of products to see how well they sell and how much you as a seller can profit from each item. Product research is key to making wise buying decisions and ultimately the success of your business. Stratify features an excellent research tool that gives you all the statistics needed to keep your sales coming in and alleviate any backstock. This is similar to the mobile solution in the Inventory Lab suite called Scoutify. 

 

Scoutify

Scoutify is the mobile platform inside the Inventory Lab suite. The Scoutify mobile app allows you to source products for your Amazon store on the go. The application features a barcode browser to scan items and deliver you sales numbers for that item. You will be able to see the ranking, profitability, ROI, the history of sales on Amazon, and check for any restrictions that may hinder your from selling. Inventory Lab allows you to install the Scoutify applications on as many phones as possible, encouraging you to create a team that can help to scale your company even faster!

 

Summary

In conclusion, we personally can vouch that Inventory Lab delivers exactly what you will need to make your Amazon business a success. We have found it to be the easiest and most effective Amazon inventory management platform on the market. We are not affiliated with Inventory Labs, but we believe so much in the product that we firmly promote it and recommend it to any Amazon seller.

 

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