Shopkeeper Review: Best dashboard to keep track of Amazon FBA profits
COO at Margin Business
Table of Contents
Amazon is a tough place to make money. But if you’ve found yourself getting frustrated or confused with metrics from Amazon’s Seller Central, you are not alone.
How do we keep our FBA costs under control when there’s so much data to process?
A dashboard can help!
A dashboard is an easy way to keep track of all the important numbers for your business. It will show you at a glance everything from profit margins to all the 72 amazon fees so that nothing will slip through unnoticed by you or any other employees at hand. Not even small details like what costs are involved when operating under FBA (fulfillment center).
We have found a new tool that is really taking the market by storm. It’s called Shopkeeper and we think of it as your FBA profit dashboard!
This app will quickly become one of everyone’s go-to tools when they are looking at their inventory, sales trends, or just want to know how profitable something has been for them so far.
It’s so intuitive, the charts are simple to understand and filter.
You can finally get insights that you needed but never could outside of Amazon Seller Central!
In this article, I’ll share exactly what ShopKeeper does and why it will be such an important part of our lives on Amazon FBA in years from now.
What is Shopkeeper?
The shopkeeper does everything for you!
It compiles all of the information that is frequently aggregated into spreadsheets from Amazon Seller Central and displays them to you in real-time, or summarizing information for you with intuitive dashboards so there’s no need to log into different marketplace accounts anymore.
See some examples below.
How Can Shopkeeper Help You?
Amazon’s got over 72 types of fees that go into selling your products.
That sounds like an awful lot. Well, worry no more because Shopkeeper will take care of everything for you! With just one click it does the math so sellers can focus their energy elsewhere like marketing.
Shopkeeper will take care of them all.
So,
You don’t have time-wasting your night with calculations and silly spreadsheets or contacting support at Seller Central.
Once you start your Shopkeeper trial, the first step is to connect Amazon Seller Central account. If you are selling in more than one marketplace, you can connect each one instead of logging into each marketplace separately. You’ll be able to pull all of that data into one place and even manage multiple marketplaces from there!
Makes life easier doesn’t it?
After connecting an account with Shopkeeper, it will automatically pull in your sales, FBA fees as well as PPC expenses so that it can give you an accurate profitability dashboard.
It also provides real-time updates on profitability through automatic notifications when new sales occur.
Ka-ching!
Now, you don’t have to worry about anything else because ShopKeeper takes care of all those tedious tasks from start-up costs through inventory management–allowing users more time on what’s important:
Making Money!
Below are some of my favorite Shopkeeper features:
Sales Dashboard
Shopkeeper Dashboard (Top Half Only)
A shopkeeper’s dashboard is the perfect way to keep an eye on your business. Makes it easy to see how your business is performing by showing you all the important metrics such as revenue and margin.
You can also find out more about what’s going on in terms of profits, ROI plus ACOS/TACOS if running PPC ads for listings.
You can see how much revenue you’ve saved, what your return on investment (ROI) is for each product in minutes. The data-driven mindset of
“The metrics Shopkeeper automatically calculates on each product mean that you don’t have to do any manual calculations”
a successful Amazon FBA seller doesn’t waste time crunching numbers, but rather using the best time to make decisions for your business!
The shopkeeper does a great job of displaying sales trends associated with your products from the dashboard. The homepage alone provides data and gives you important metrics at glance right away. This is great information if your business relies heavily on digital sales.
When you log into Shopkeeper, the first thing that pops up is an overview of your sales trends over the last 7 days, 6 months, and 12Months. But if those time frames aren’t interesting enough for you then it’s easy to change them! Every widget on there has customizable options so there are plenty of ways to tailor-fit any needs or wants.
Scroll down even further are shown graphs for PPC spend, profit margin, and top sellers that are most profitable to sell products through their site.
You’ll also be able to access all-time records of units sold as well as current stock levels so that reorders can be planned accordingly. Plus there’s more coming out EVERY month with new widgets being added requests based on user feedback.
The developers at this company really listen to and care about their customers’ needs which is rare these days.
Profit and Loss Order-Level Reporting
Shopkeeper Detailed Order of Financial Performance
The cornerstone of any business is its Profits and Loss calculation, or P&L.
If you’re relying on Seller Central to calculate the numbers it can get frustrating very quickly because there’s so much hard work involved in bringing all these fragmented reports together in order to understand them better- not to mention the lost hours crunching numbers instead of figuring out ways to grow profits!
The fees that are costing you and your business profitability can be super-fast to manage with Shopkeeper.
“Amazon storage fees, referral fees or import taxes; all three of these should not take up too much time from running an effective online store!”
You can also filter your P&L by ASIN, marketplace, and time period. The list goes on and on! You could slice up all of this data in a matter of seconds and just a few clicks away from getting more in-depth knowledge of how things are going at any given moment for your company–it sounds like something worth checking out, right?
It’s a good thing that Shopkeeper has the ability to see how much profit an ASIN, marketplace, or order has generated. Not only does it present all fees in one simple view with line-by-line breakdowns of each expense but also shows you exactly where your money went so there are no surprises!
In the below example, Shopkeeper is showing a seller one ASIN’s marketing view, in the US only, for 3 days. This customizable report gives every detail you need to understand how much profit your business made and what expenses contributed.
The data in every last detail can be customized and adjusted based on what information they choose from Product configuration settings – including PPC expense or import taxes on items shipped from overseas suppliers.
Inventory
Shopkeeper Inventory Analysis by ASIN
Of course, as part of your daily responsibility for running an FBA business, you must keep an eye out for the inventory. If there is none to be found? You’re left with no sales, right?
With Shopkeeper, you can always be on top of your inventory. Not only does it tell you when to re-order and how long certain products will last based on trends in customer demand and other metrics, but it will also help you decide whether or not ordering more is necessary too for an item that has not been selling well lately.
Special Offer to Try Shopkeeper
You must be a savvy business owner if you’ve managed to get this far. Well done!
I know you’ve been looking for an opportunity to try out Shopkeeper’s features, and this is it. Here is a special offer for you:
MarginBusiness has teamed up with Shopkeeper and is offering you a 90-day free trial, with no credit card required.
Why not give it a go? You won’t believe how worthy it is to try the platform. The sign-up process is very easy, and you will be on your way in less than 5 minutes. You get all available features to see if it’s the perfect fit for yourself or your business – again, no payment is required during a 90-day free trial!
At the end or during your trial, if you like the product ShopKeeper offers simple pricing plans for as little as $20 per month to get started.
Start Your 90-Day Free Trial of ShopKeeper Today!
About the Author
Emilie Angri
Connect @ LinkedIn
📢 COO at MarginBusiness. We Don’t Just Translate your Amazon Listing – We Localize, advertise and optimize to instantly grow your amazon sales – Images, Content, and Ads. Building up knowledge in the Amazon Industry since 2011 to consult EU and US sellers.
