Welcome to The Amazon Appeal | Amazon Growth & Recovery Experts | Amazon Plan of Action

How Do I Really Find my Net Profit on Amazon?

January 08, 2018

Tracking your net profit while selling on Amazon is not only smart and motivational, but a necessity. You need something that’s a one sized fits all. Unfortunately, that software doesn’t yet exist, but we CAN get you awfully close.

First, let’s start with what won’t be included in these software suggestions:

  • Business overhead like office space and utility costs
  • Insurance
  • Advertising
  • Payroll

It’s best to use Quickbooks or Xero to help keep track of all of your business’ financial aspects. In here, you can set up recurring charges like the ones listed above as well as set up payroll and taxes.

To give you an idea of your true net, you will need a robust software that can not only keep track of your importing fees (like shipping and duties), but your Amazon fees as well. Let’s check out a few of the best to see what they have to offer, so you can choose which is right for you.

Manage By Stats

https://managebystats.com

$49.97/month – Discounts for quarterly or annual payments

With the Manage By Stats software, you can view and analyze the following data:

Sales and Transaction Data

  • Fast, Reliable, Accurate Sales Data
  • Daily Transactions
  • Settlement Reports
  • Stats By Statement Period, Brand And Product
  • Detailed Report Generation
  • Full Suite Of Graphs
  • Customizable Real-Time Performance Dashboards

Customer Data

  • Repeat Buyers
  • Custom Reports
  • Order Tracking
  • Phone and Email

Comprehensive Tools

  • SellerMail Automated Email Notifications
  • SellerBlast Real and Amazon Email Campaigns
  • Inventory Protection
  • Email And Phone Appends (Real Emails)
  • Multi-User Access, Multi-Market/Multi-Shop Management

Full Control

  • Manage multiple shops from one login
  • Easily add and assign additional users
  • Grant access to specific brands
  • Allow granular rights to any specific tool or function

 

It is currently available for the US, UK, Canada, Italy, Germany, India, Spain, and France marketplaces. Payments are amanged by Paypal and Amazon Payments and can be canceled at any time by logging into one of these accounts.

 

Hello Profit

https://helloprofit.com/

$97 - $297/mo

 

Hello Profit offer s a gorgeous dashboard, with easy to use navigation, graphs, and reports – all at your fingertips. You can easily track

  • Gross profit and sales
  • Promo rebates
  • Fees
  • ROI & Profit Margin
  • Automatic analysis of Sponsored Ads campaigns (coming soon)

You also get access to Product Genie which allows you to

  • Conduct Basic and Advances product searches for sourcing new inventory
  • Let’s you see competitors and niche overviews
  • Competitor spy tool

These tools allow you to see

  • Net profit based on competitors offerings
  • BSR over time – this can be manipulated using promos and such, so a time-arc based overview is massively important
  • Similar Products
  • Price over time
  • Number of reviews over time
  • Daily and monthly sales over time
  • Quick links to all your favorite sourcing sites
  • Competitor stalking (coming soon) lets you see what keywords your competitor is ranking for

While you can cancel at any time, you do need to supply a credit card for auto-billing. All future upgrades are free and you get the Bonus Product Genie tool.

Sellics

https://sellics.com

$77 - $499 Depending on how many monitoring credits you want

 

With Sellics, you truly have an all-in-one solution. Their monthly package comes with all of the below:

  • Powerful PPC editor that optimizes your Amazon ads
  • Inventory control
  • Product research
  • Manage reviews
  • Monitor competitors
  • Ranking improvement
  • Profit management

While the monthly price does enable access to all product tools, the price differences for packages include credits which are used to monitor products or keywords. The $77/month plan offers 100 credits, which translates to 100 products or keywords or combination thereof. Packages go up to 3000 credits.

Sellics requires no credit card, expires automatically (no need to cancel), and you can easily upgrade or downgrade at any time.

For the money, Sellics offers the most comprehensive and easiest to use interface, functions, and features. Whatever you choose, make sure to stay on top of all of your income and expenses to get the best picture of how your Amazon business is going.