Managing your purchases on Hoobuy, the leading reverse shopping platform, requires smart financial tracking. By implementing savings calculations in your spreadsheet, you can optimize costs and make informed buying decisions. Here’s how to set it up effectively.

Step 1: Organize Your Purchase Data

Start by listing all your orders in a structured format. Include columns for product name, original price (in CNY), shipping fees, and Hoobuy service charges. This foundational step ensures accurate calculations later.

Step 2: Add Currency Conversion Formulas

Since Hoobuy transactions involve CNY, use a live exchange rate formula (e.g., =GOOGLEFINANCE("CURRENCY:CNYUSD")) to convert costs to your local currency. This helps track real-time spending and avoid surprises.

Step 3: Calculate Total Costs per Item

Create a column summing up the product price, shipping, and service fees. Use formulas like =SUM(B2:D2) to automate this process. This gives a clear per-item cost breakdown for better budgeting.

Step 4: Compare Local vs. Hoobuy Prices

Research local prices for similar items and add a column to your spreadsheet. Subtract your Hoobuy total cost from the local price to see potential savings. Highlight high-savings items to prioritize future purchases.

Step 5: Track Bulk Order Discounts

Many Taobao and 1688 sellers offer bulk discounts. Add a column to note discounted prices and adjust calculations accordingly. This maximizes savings, especially for group buys.

Step 6: Monitor Shipping Savings

Consolidated shipping through Hoobuy reduces costs. Dedicate a section to compare individual vs. bulk shipping fees. Use conditional formatting to highlight the most cost-efficient options.

Step 7: Review and Optimize Regularly

Update your spreadsheet weekly with new orders and adjust formulas as needed. Analyze trends to identify which product categories or sellers offer the best savings over time.

By following these steps, your Hoobuy spreadsheet becomes a powerful tool for cost optimization. Happy reverse shopping!