OrderMetrics ‑ Profit Tracker

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How To Correctly Track Shopify Profits To Grow Sales (Profit Automation Guide)

Hey there, Andrew here! Hope you're all doing well. Tracking your sales finances and e-com ,store data is one of if not the most important thing to do each and every day so if you have ,a shopify store you're probably tracking all your sales and data on this page here ,but there's a better option than just using our shopify dashboard to track all our numbers but ,why should we because we're able to optimize profits and reduce costs well today i'll share ,how to do just that track your sales and numbers and not just shopify but how you can how much ,you spent on facebook ads snap ads payment fees shipping fees exchange rates and even generate an ,automatic report so you can see the most important number to you which is your bottom line profit,before you think that tracking finances and numbers isn't as important as store design or ads ,know that a staggering 82 of businesses fail because of cash flow issues according to the us ,bank what exactly is cash flow though for those who don't know cash flow is in basic terms the ,amount of money coming into a business and the amount of money going out so think of it like a ,tap and sink cash comes out at the top and drains at the bottom which is your expenses ,to keep your sink nice and full you want more coming in from the tap than going out down ,draining out of the sink so it sounds more simple than it is but the number one reason why ecommerce ,stores can't manage the cash flow is because they aren't keeping on top of all their numbers ,and fair enough when there's so much to track you know how much inventory do you have what's your ,product cost how much do ads cost what's the freight cost payment processing fees you'll be ,glad to know you don't need an excel spreadsheet and have hundreds of formulas just to effectively ,track your businesses cash flow so the solution here i use for shopify stores is be profit tracker ,be profit tracker is basically a real time profit calculator to track absolutely everything in your ,business and not just what's displayed on your shopify dashboard and that's really important ,it works by auto syncing sales and expenses across a whole range of platforms you know marketing ,payment processes shipping accounts and more so you're basically getting an entire overview in ,a single spot rather than pulling data across a whole range of websites and software and using ,manual excel spreadsheets like i said this is extremely important so you get the true ,cash flow data out of your business and it gives you the information you need to make ,the right decisions with your e-commerce store for it to grow in the right direction ,so let's just jump into my screen here and i'll show you step by step how to set up this tool why ,it works so effectively with your shopify store and other platforms oh and by the way it is a ,paid app but the kind folks over at be profit are giving my audience an extended 60-day trial ,and 20

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FULLY AUTOMATE YOUR SHOPIFY BOOKKEEPING (EASILY Track Your Profits!)

yo what's up guys it's your boy jordan,back with another ecommerce video and i,got some awesome stuff to talk to you,guys about in this video in this video,we're gonna actually be talking about,how to track your profits and stay on,top of your bookkeeping this is one of,the most important parts of your,business and a lot of people barely talk,about this probably because it's not,sexy is boring and it's not something,that is enjoyable to do but if you don't,manage your books properly it could be,so easy for you to end up losing money,and I know that's happened to me,firsthand so I figured this video was,essential to bring to you guys so look,anyways we're gonna get right into it,but if you'd like to quality my content,give me a thumbs up and hit that,subscribe button down below also join my,facebook group there's over 5,000 people,in there so you can network and meet up,with other ecommerce entrepreneurs but,hey enough of that let's get right into,the video,all right so like I said bookkeeping is,literally one of the most important,aspects of your business it's not,something that is going to make you more,money right it's not something that you,do and immediately see a result out of,but it's one of those things that if you,don't do it your entire business could,crumble and fall beneath you and the,thing is there's a ton of ways out there,to manage your bookkeeping and do it and,that's kind of what I wanted to make,this video about what has worked best,for me and what I would suggest to you,in your position as an ecommerce,entrepreneur so what I was first,starting I had taken my business and we,were just testing products and spending,money on ads and spending money on,Aliexpress and it was just money money,money going everywhere losing money each,day making money a little bit on one day,and the thing is I wasn't tracking it at,all,there was nothing where I could look and,see hey we made this much profit today,hey we lost this much money so all that,I was looking out was the number of my,bet count and if it was good there was,money in there I gave it a thumbs up if,I was like negative or starting to lose,money that was a bad sign and the thing,is while sure this may be an OK way to,manage your finances if you do it like,this especially at scale you're going to,fill your business is not going to be,successful you're going to make no,profits and it's not going to be,something that is sustainable so I,highly suggest even if you're not making,profits yet even if you're not making,good money yet that you stay on top of,your bookkeeping from day one of,starting your business I'm talking that,first ad that first campaign you launch,you need to write down hey we spent $40,on this specific day and we got one sale,so we spent $7 on out of the Express and,that way you can look back on your whole,entire month and say look this is the,profits that we've made and it makes it,so much easier for yourself and for your,state of mind that you can scale your,business h

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How to Track Your Dropship Profits without an Accountant [ Save Thousands $ ]

How To Track Your Dropshipping Profits Without An Accountant Using OrderMetrics ,One of the most important things to consider when you are running a Dropshipping business is the control over your profits and losses.,By doing so, you get a clear idea about how you are doing and what changes need to be made in your business strategy.,While most people would think about hiring an accountant that could cost them a lot of money, there is a valuable tool that could do the same job, saving you those thousands of dollars.,This tool is called OrderMetrics.,In this video, I will show you how to use this platform to track your dropshipping profits and losses so you can save a lot of money.,Let's get started! ,What is OrderMetrics?,Offering accurate profit analyses for eCommerce companies, Order Metrics provide a profit-management tool capable of improving order profitability,, optimizing ad spend, and maximizing shipping performance. ,Whether or not they possess any technical knowledge, ,growing eCommerce merchants can use Order Metrics to obtain accurate data,,monitor profit for each order, automate analysis through its integrations, and add financials from multiple storefronts to a single dashboard. ,The company pulls cost and order data from advertising, analytics, order, and shipping integrations, such as Facebook Ads, Google Analytics, Shopify and eBay,OrderMetrics was founded in 2016 by former ecommerce professionals,who were dissatisfied with the current market tools and their inability to track advertising spending and shipping costs when calculating profitability,As a result, the bootstrapped software company was formed with the goal to help ecommerce companies maximize their profits,Now Here Are How OrderMetrics Will Help You Track Your Data...,OrderMetrics Will Accurate Your advertising data,OrderMetrics pulls in your Facebook Advertising and Google AdWords data in real time to see how your ad spend affects profitability. ,Using multiple Facebook ad accounts for individual or multiple storefronts? ,No problem, OrderMetrics handles that.,Additionally, OrderMetrics allows you to filter Facebook Ad and Google AdWords spend by Campaign, Ad Set, and even specific ads. ,You can use this filter in combination with our product filtering system to see exactly how much profit you are making from product focused Facebook Ad campaigns. ,OrderMetrics Will Accurate Your Product Cost Data,OrderMetrics offers various tools to quickly enter COGS for each product or variant. ,You can enter this data right into our dashboard, estimate COGS as a % of each product’s sale price, or upload cost data by SKU/product name via a spreadsheet.,They also offer an integration to automatically, pull product and shipping costs from AliExpress,, match these costs with your WooCommerce orders, and import them right into OrderMetrics for analysis. ,This integration also tracks pricing changes from your suppliers. ,OrderMetrics Will Accurate Your Shipping Data ,OrderMetrics is the o

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How To Track Amazon Profits To Grow Sales

one of the biggest mistakes i see new,amazon sellers making is not properly,tracking their profit a lot of sellers,are selling products on amazon thinking,that they're making money because they,think that these sales numbers the,revenue numbers is the money that they,get to take home and that's not the case,as you know if you watch this channel,revenue is not profit so you need to,properly figure out how much profit your,product's making or you might even be,losing money if you're not properly,calculating your profit for instance in,amazon you have your product cost you,have all the different amazon fba fees,you have any advertising costs and with,business there's always other costs that,you're not thinking about and if you,don't properly track all these your,business or one of the products that,you're selling could be losing money and,i see this all the time where people are,selling multiple products and they're,like well i know i'm making money,because my bank account goes up every,single month but what they might not,know is that one of the products that,they're selling is actually losing money,and of all the businesses that fail 82,of them fail because of cash flow issues,and you can fix these problems you can,fix cash flow issues you can know for,sure whether you're profitable or not,and there's a bunch of different ways to,track your profit you can do it the old,school method you can use spreadsheets,and track every little thing the problem,with this is it's not going to be,updating in real time and sometimes when,you start experimenting with different,types of ads and different things you,might not actually know how profitable,it is and you might end up running ads,for a long time and not realizing that,you're losing money another option is,you can use bookkeeping services and,there's a lot of different ones out,there but this is slow it's clunky it,doesn't properly track everything and,specifically if you're selling multiple,products it won't tell you which,products are profitable and which ones,aren't that's where today's sponsor be,profit comes in they are specifically,designed with e-commerce businesses in,mind they integrate into shopify,woocommerce and amazon plus a bunch of,other ecommerce platforms i'm going to,show you today live as i set it up for,one of my amazon businesses and we're,going to look at the actual numbers the,actual revenue and the actual profit,this is a paid app but i do have the,hookup for you but i have a discount for,you travis30 which gives you 30 off for,your first three months link in the,description and i'm going to show you,now as i set it up live for one of my,amazon businesses so you go to be,profit.co and at the top you're going to,click get b profit then you're going to,click i have a discount code and we'll,put in the discount code travis30,click apply and put in the email that,you want to use to sign up for your,account you'll then put in your name in,a password and some other information,down below

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How to Dropship in 2021 WITHOUT Paying for Ads 🤑 70% Profit Margins | EcomIncome

in the u.s solely tick tock sees 91,million users mostly teens and,millennials with average and above,average income why do i tell you this i,just need you to realize that there is a,mirad of to pay users for your store,moreover tick tock users are interested,in different categories of products such,as apparel and shoes beauty and sports,food delivery online education and other,online services mass products are king,there this is the reason why so many,drop shippers are promoting their,products through a tick tock account to,build a large audience quickly and make,millions of dollars without spending,money on ads first of all tick tock has,gained amazing popularity in a short,span of time and become one of the most,downloaded apps as per the fact it has,more than one billion monthly active,users while some other sources report,500 million monthly active users this is,really a huge audience base that you can,use to grow your drop shipping business,also due to tick tock's unique delivery,algorithms it's easy to get higher,engagement on your videos with much less,effort your tick tock videos can go,viral even if your account is new and,you have zero followers ninety percent,of tick tock users use the app multiple,times a day and that makes the,engagement even greater you must get,this advantage by marketing your,business on tick tock something that's,almost impossible to get on facebook,localization is another advantage of,tick tock where you can find many,creators come for specific locations and,create community videos while tick tock,is a global app that works in more than,140 countries businesses that operate at,multiple locations can easily create,localized marketing campaigns in,different languages for their promotions,tick tock has many popular creators who,come from small cities and have over ten,thousand followers we can also call them,as micro influencers on tick tock these,creators are very popular among their,localities and known well by their,followers thus small businesses that,want to run marketing campaigns for,specific locations can find such local,creators and collaborate with them a,quite good news for you as a drop,shipper you can get it verified by tick,tock and use this channel to create,useful branded videos so make sure your,content is qualitative you can publish,your short marketing videos here and,promote your drop shipping businesses,using tick tock brand partnerships,this is an amazing opportunity that you,just can't afford to miss out as a drop,shipper people are making millions,selling their products through their,tick tock account and the most amazing,part is that they're not spending a,single dollar doing it so whatever your,niche you just have to publish good,content around your product on tick tock,and you'll be good to go now you can,understand how useful tick tock ads can,be for your drop shipping business the,number of users has been increasing,continuously and many businesses started,looking at tick tock for thei

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How To Track Net Profit - Dropshipping With Stallon Zayya

all right everyone welcome back to,another YouTube video so in this video,guys I'm gonna be showing you how to,track your net profit so you guys have,been coming to me and you've been saying,Stallone how do I go through and track,on their profit so in this video guys,I'll be showing you exactly how to do,that alright so what you guys have to do,in order to track your net profit is,download the app called Auto metrics so,now this app is by far one of the best,apps to go through and tracking their,profit so this is what the app looks,like so when you go into the Shopify,store and you type in Auto metrics this,is the one so just go ahead and download,this app what I'm gonna do now guys is,actually go inside the app on one of my,stores and show you how it works,alright go so now I am inside the auto,metrics app so you can see that,essentially what it does is it just,tracks everything for you so the number,of orders the revenue cost of goods sold,discounts the shipping cost it even goes,through in ads in the transaction fees,for you,so guys pretty much this app goes,through and tracks all your expenses,your sales to give you your net profit,amount so just as an example guys this,is one of my stores so you can see on,the store idea,my dad's in six hundred orders two,hundred thirty seven thousand four,hundred sixty two in sales now that's in,USD the cost of goods sold is fifty nine,thousand eight hundred and three the,discounts so if a customer went through,and use a discount that amounted to,thirteen thousand and twenty six but,also tracks the shipping cost and it,also tracks the shipping charge so I'm,with customers on my store just like to,go ahead and I select a better shipping,option that's gonna go ahead and track,that as well so that amount came to 1454,so in totally gross margin was 71,percent which is about a gross profit of,one hundred sixty nine thousand three,hundred eighty two and guys that is the,the gross profit not the net profit so,at the bottom here you can see that they,also track your net profit so pretty,much what happens here they'll take the,the gross profit minus any fees - any,refunds and - any expend and then,they'll go through and track,net profit so this is an example guys so,for this store the gross profit was one,hundred sixty nine thousand three,hundred eighty two the transaction fees,that came to six thousand eight hundred,and twenty three the refund that came to,two hundred and thirty one dollars and,also the ad spend that amounted to one,hundred and twenty two thousand seven,hundred and sixty nine so you guys the,the majority of expenses here will come,from your ad spend and also the cost of,goods sold all right now so from the one,hundred sixty nine thousand three,hundred eighty two gross profit the net,profit of that was forty six thousand,six hundred and thirteen so from the,237,000 revenue the net margin was,twenty percent so guys this app is a,perfect app to go through and track your,net profit essentially when you

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Top 10 Shopify Apps You SHOULD BE Using In 2022 (E-commerce Tips)

hey everyone davey here welcome to our,first video of 2022. today we're going,to go through my 10 favorite shopify,apps shopify makes it so easy to install,apps it's one of its super powers apps,can increase conversion rate increase,average order value and make you a ton,more money apps need to come with the,warnings though if you use the wrong,apps it can slow your website down and,leave a ton of money off the table for,those that have been following along in,our lemon scrub series you know that,we've got our website all set up now,it's time to install apps if you haven't,been following on that's okay i'm just,going to use the lemon scrub as an,example in this video none of these apps,have paid me for this video there are a,couple of affiliate links down below but,i'm going to give you lots of,alternatives and outline the pricing so,you can make the best choice for your,business let's get into it the first app,that we're going to cover today is,perfect if your product is low average,order value so basically under 70 or so,with products like that shipping costs a,lot of money compared to the actual,revenue that you can bring in per order,the app is called ship scout it's always,difficult to understand when you launch,your product whether you should offer,free shipping or charge a little bit,free shipping should be more appealing,to customers and therefore increase your,conversion rate so the more people that,go to your store will actually end up,checking out a lot of brands will,actually just add the cost of shipping,onto the price of their product making,their product just a little bit more,expensive to cover that cost what ship,scout does is it allows you to actually,split test that concept what this allows,you to do is actually test shipping,thresholds for lemon scrub for example,if we're selling for 40 and we have a,free shipping over 50 offer on the,header bar it would entice people to,actually purchase two of the product,drastically increasing our average order,value naturally with all split tests if,you're trying to raise prices which in,this case you are for the people that,only wanted to buy one lemon scrub,because you're going to charge them,shipping you should expect a conversion,rate decrease because less people buy,because there's less value i've been,following along on twitter and there's,been some really strange results for,this app not only have people been,receiving an aov increase with their,orders but a lot of people are actually,reporting that conversion rate also,increases which is completely,counterintuitive one theory behind this,is users are just thinking they're,getting a better deal with a free,shipping offer over the threshold if,you're currently charging free shipping,and you've got low margin products where,people can buy a couple of them i,definitely recommend trying it out to,find the app all we need to do is go to,the app store right in ship scout and,it's just here there isn't a huge amount,of reviews on it yet be

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Profit Revealed How I Am Currently Making $10 000 Day Shopify Dropshipping Journey 2021

hey guys to celebrate hitting half a,million dollars in sales,i'm gonna be revealing to you guys how,i'm currently scaling to 10k,plus a day and i'm gonna be revealing,with you,the revenue uh the ad spend and the,profit,as well so basically you will get access,and you'll see my shopify dashboard,you will see uh my ads manager basically,and you will also see,um or the metrics dashboard so make sure,to stay till the end of the video,because i will make a pop-up and i will,basically show you a winning product,that you can test,uh that is a potential winning product,so make sure to stay till the end of the,video,so you don't miss a potential winner as,well so in my last video i talked about,how,how i've been penalized by facebook,basically i had,low customer feedback score and my ads,got heavily penalized,and here you can see the revenue was,very very low and even on some days i,was just,losing money um i was working very very,hard for,uh several weeks now to improve my,customer feedback score,and we finally managed to make it better,you know i'm still penalized but it's,still,but it's just way better than before you,know and as you can see,so i was at 1k a day you know it's just,basically scaled,very very quickly i'm just scaling very,quickly so,let's just show you from sunday or let's,just show you from here,saturday till now,so i was making so you know on saturday,i think this is saturday,um i made 1k basically 1 300.,um then i just decided okay right now i,can scale before chinese new year's,so i just scaled to 3k um yesterday was,7.7 k,and today i'm already at 8k and it's,still half a day,you know it's still uh i still have a,half a half day left so,i'm scaling very quickly right now um as,you can see you know,it's still 12 p.m so there's still a lot,of time,so right now let's go into ads manager,okay so,right now we're at my ads manager and,this is just one,one of my biggest scaling campaigns,currently and,here you can see like i'm launching a,ton of hundred dollar,a day ad sets and that is because i have,a proven winner that i've been selling,for three months,and just right now i just got rid i just,slightly have less penalization,so i know i can scale more so that's why,i'm doing hundred dollar,assets per day and i just launched a ton,of them you can see here,so many you know i'm like i think like,there is like,50 assets or something probably like,like a lot of assets here,you know uh probably like 40 or,something assets you know at 100,per day and so what i'm doing is with,them,is i'm usually like narrowing it down by,the best age ranges,so i'm basically looking at the,breakdown and i'm looking i'm just,breaking it down by age,gender um also by placement so if it's,facebook feed,or instagram feed and also by the device,so if it's like an ipod,ipad desktop ios device or,android device and basically what i'm,doing is,let's say i have five interest ad sets,so basically i'll duplicate five of them,and just target desktop,and then duplicate anoth

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Best Dropshipping Advertising Platforms 2021 | Tiktok Advertising | EcomIncome

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The BEST Amazon Profit Tool? Review of EVERY Amazon Profit Software - FBA Seller Tools Kit 2021

good day and welcome to this channel i'm,very excited to have you here,for what is probably the biggest,overview,of all amazon profit analytics tools,out there and that is going to be hugely,important when it comes to your amazon,ppc,of course that is what this channel is,usually about but today,we're gonna have a look at these,softwares i'm gonna give you,all the information you could possibly,want,you could possibly imagine not just in,terms of,which fees and costs they include not,just in terms of,how they let you analyze your profit and,sales,but also information about the companies,behind those softwares,to really let you know which software is,not only a very good,fit in terms of what they are offering,in features,but also in terms of how you can,actually,trust the company behind them okay,so that is what you're gonna get today,i'm really intending to give you as much,information,as i possibly can it has taken me,multiple months to do this,and i'm fairly confident this should be,of some value,to pretty much all of you who are,looking for that amazon,profit tool and also i just want to,thank,those two providers who have really,given their,all given me a lot of their time and,giving me a lot of very detailed answers,about their tools in various demos and,emails,so thanks to you guys as well otherwise,this whole project would of course,not have been possible so i'm really,glad you're with me here today,for those of you that have not been here,before let me just give you some,pointers about how this whole project,how this overview,actually works how it comes about and,what kind of background information you,should probably have,before you consider the results of this,whole,overview and for the rest of you who,have been around on this channel,you know from the pbc overview from last,year for example how the scoring system,works,so you can just skip to the time stamp,that i'm putting into the screen right,now,and for the rest of you let me just,quickly walk you through those two,important aspects about this whole,project,before you consider its actual end,result,and the first thing i want to talk to,you about is the,scoring system so let's just have a look,at it right here,basically i am giving free points,for every tool that has a super,in one of these green features and those,green features,are really the basic inclusions of that,profit calculations,as well as some basic analytics that i,would expect,from every amazon profit tool,and then we also have the yeses,they get two points for every yes of one,of those green features,as well as one point for a partly,now what makes a partly basically that,is,simply if they don't have it in a very,expensive way perhaps they only have it,overall for all of your products but,they don't show the kpi for your,individual products,things like that would make it a partly,while super is also just a relative,thing,if it is in some way just advanced just,simply better than what the other tools,are providing,then i

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