The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (2023)

Time to read: 6 minute(Last update: September 5, 2021)

Running a Shopify store means you have the incredible edge of technology at your fingertips. But are you taking full advantage of this benefit to optimize your profits?

Increasing your company's profits can be a lot easier than you think, and you don't have to be a tech geek or an accounting genius to do it!

There is a premium Shopify earnings calculator that will do all the hard work for you so you can accelerate and grow your store. Are you a bit curious? So we thought...

Shopify Profit Tracker

Keeping track of your Shopify store's profits and costs can be confusing. In fact, more than a fifth of small business owners say they know little or nothing about itaccounting or finance.

In order to clarify:if you're new to e-commerce, it might not be that hard to keep track of your expenses - after all, there may be noneSomany costs have to be considered. But after a while, you'll get a good idea of ​​how complicated spending tracking can be. After all, using a spreadsheet as a net profit margin calculator just isn't enough!

The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (1)

Consider all costs for your Shopify store:

  • Multiple ad platform accounts with different ad spend amounts
  • Various shipping costs, fees and prices
  • Production costs of all different items
  • Transaction Fees
  • Data
  • Other running costs
  • Miscellaneous one-time expenses
  • itd.

In particular, if you have a Shopify store with a wide range of products or you see a large number of orders (hopefully!), then manually calculate your net profitalmost guaranteedto enter invalid numbers.

How can you expect an accurate net profit margin if you use Google Ads, Facebook Ads, and TikTok Ads, in addition to using Shopify's shipping profiles to define different prices for different shipping locations, and you have different COGS for all your products?

Just reading the questions can make your head spin!

Fortunately, this is one of the things that makes Shopify so greatplatforma e-commerceis that there are so many apps that sellers can use. Some apps help your store stand out from the crowd, others are built to solve a wide range of technical dilemmas, and of course - some are built to help you track and optimize your Shopify store's profit margins. And while it's true that sellers can find other Shopify earnings calculator apps,BeProfit - Profit Trackeris one that is second to none in terms of usability and ease of use.

You might be wondering - what makes a profit margin calculator useful anyway?

If you're not a data geek, you'll love Shopify's BeProfit Earnings Calculator. When we say you get a full analysis of all your costs and profit margins, we mean a FULL analysis.Click to tweet

Shopify's earnings calculator tops them all

BeProfit is the best Shopify Calculator that eCommerce sellers have been waiting for. It turns mountains of complicated data into an easy-to-understand dashboard that shows all the profits and expenses related to your trade in one place.

Do you have severaladvertising e-commerceaccounts with different budgets?

No problem. BeProfit seamlessly integrates with the best advertising platforms including Google, Facebook, Instagram, Snapchat and TikTok – and many more integrations are in development for even more precisionnet gross profittracking.

The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (2)

Do you use delivery profiles? define different prices for different products, order weights or delivery locations?

BeProfit automatically syncs your ShopifyShipping costsand allows you to easily drag and drop delivery profiles and even create new delivery profiles directly in the app.

Do you sell your products to customers all over the world?

BeProfit uses Live Currency Conversion to automatically convert currencies using current exchange rates, so you don't have to spend time doing Google conversions yourself.

The app runs smoothly and doesn't let a single expense slip through the cracks. This Shopify earnings calculator shows all your expenses including smaller things likeShopify appsubscriptions, equipment maintenance, handling fees and so on. This not only allows for more accurate net profit calculations, but also offers a very useful option to export reports for accounting purposes. It's your data and the BeProfit Margin Calculator makes it more accessible than ever.

Additional note:BeProfit - Profit Tracker support team puts users first. There may be other apps that claim to "make things happen" for Shopify sellers, but BeProfit really lives up to that claim. The BeProfit team is constantly considering user feedback to help design new features that can be added.

You can try and see for yourself!

Are you planning the long-term success of your company?

BeProfit provides valuable information in the form of cohort analysis. Thisis the process of tracking your store's data by dividing customers into groups. The BeProfit cohort analysis tool groups customers by date of first purchase. Each of the resulting groups is called a cohort, and the process of analyzing the data associated with these groups is called cohort analysis.

By grouping your customers into groups, you can assess how your store's customer journey changes over time and how your customers behave differently over time.

More specifically, cohort analysis is an incredibly valuable tool that helps you understand how valuable different customer groups are to your business over time.

Cohort analysis provides information that can help you:

  • Determine how much to invest in customer acquisition (i.e. marketing)

  • Compare the effectiveness of your lead generation marketing activities

  • Determine how much to invest in creating repeat customers

  • Determine which customer types are more valuable than others

  • Identify when and why purchases decline

  • Find the best types of pricing strategies to implement

  • Find ways to improve your conversion rates

The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (3)

Still using spreadsheets?

Tracking ALL your business metrics just got a whole lot easier. BeProfit allows you to create, schedule and export custom reports of all types or use predefined report templates to save time and effort.

The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (4)

It's your data, use it however you want

If you're not a data geek, you'll love Shopify's BeProfit Earnings Calculator. When we say you get a complete overview of all your costs and profit margins, we mean:puna break.

For each metric that you see on the overview page, there is a "tip" that not only provides a definition of that metric, but also provides a chart showing the distribution of that cost on a daily, weekly, or monthly basis. That's not the only place you'll find great illustrations in this Shopify Calculator. BeProfit takes your data and turns it into intuitive charts to help you understand your finances andstrengthen your online store.

The visual aids in this Net Profit Margin Calculator include charts and graphs that:

  • Track and compare your gross and net profit margins over time
  • Lay out a breakdown of all your expenses
  • Track the quantity and value of your order
  • And there are even more

The Shopify Earnings Calculator Every Ecommerce Store Must Use in 2021 | Become (5)

If that's not enough, this app goes even further to prove itself as Shopify's top earners calculator, also providing order and product stats so you can really dig into the details of where your store is making more money and where there is still room for improvement be done. Talk about tuning!

Optimize your profit now

Since the app does so much for you automatically, it can be a little hard to imagine exactly how much this type of margin calculator can do for your Shopify business. The best way to learn is to try it yourself.BeProfit - Profit Trackeris available for your business in the Shopify app store.

Thanks to BeProfit, it is easy to make data-driven decisions that will have a real impact on your company's financial results. Manually calculating gross and net profit margins using spreadsheets is a thing of the past. No more guesswork and data stress – BeProfit understands your money for you.

QUESTIONS:

How can I start tracking my earnings with BeProfit?

1. Download the app from the Shopify app store
2. Complete the quick integration process
3. Connect your ad platforms
4. Get a dashboard showing your store's profits

How can I connect more stores to BeProfit?

1. Go to the overview page and scroll down to Today's Photo.
2. Press the Multishop Selection button in the upper right corner
3. Select which stores you want to collect data from
4. Click Apply when finished

Disclaimer: The information contained in this article is for informational purposes only and should not be construed as legal advice on any subject and should not be relied upon as such. The author is not responsible for any consequences resulting from the use of such information.

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