Fixing a product that is losing money
A diagnostic order that finds the real leak before touching bids.
A product showing negative net profit has exactly five possible leaks. Check them in this order - the cheap fixes come first.
1. Is the cost data right?
Stale unit costs make healthy products look sick. Verify COGS and its effective dates before anything else.
2. Refunds
A refund rate meaningfully above your account norm is a product problem - size, quality, expectation-setting - that no advertising change fixes. The refund detail names the reasons.
3. Fees
Check the fee lines against the product's size tier and price point. Oversize boundaries missed by a centimeter and low-price items under heavy fulfillment fees are pricing and packaging decisions.
4. Advertising
Now bids: compare the product's ACoS to its break-even. Above break-even means every ad sale loses money - work the bid math per target, cut what cannot converge, and check whether spend concentrates on a few bleeding terms (negation, not bid cuts, fixes those).
5. Price
Last, deliberately: a price move changes conversion, ranking, and margin at once. Model it against the fee preview before committing.
Ask your assistant to run this exact diagnostic: "why is [product] losing money - walk the five leaks."