Shopify Profit Calculator 2020 [Profit Margin Calculator For Your Store]: Alright, so in today’s post, I am going to be showing you one of the best apps that you can use on your Shopify store to calculate your net profit easily without needing to do any maths every day. This post is gonna be really helpful for you especially if you use Facebook ads, this is gonna integrate with your ad accounts and tell you the exact amount of profit margin, ROAS, revenue, LTV, and much more.
Shopify Profit Calculator 2020 [Profit Margin Calculator For Your Store]
Ordermetrics is one of the best apps that you can currently use on Shopify to calculate profit and get the accurate stats of the actual profit made from your store. When we run Facebook ads, Facebook most of the time doesn’t track all of the conversions accurately and of course, there are extra costs that are made like shipping costs, handling fees, taxes, and more. With Ordermetrics you can get the right data and real-time accurate profit that’s being made from your store.
With this app, you can save a lot of time and get accurate profit instantly or loss in amount. You can set up the product costs, connect your Facebook ad account directly to your ordermetrics app and Shopify sales would also be synced directly to your store so overall, you’re gonna be able to know the exact profit margin, gross profit, ROAS, net profit, total handling fees and much more.
Here’s a screenshot of the app showing my analytics:
Also, I think if you’re tight on budget and also you’re not making any profit, you should not use this app and try to save the money so that you can first invest it in the things that can actually prove to be profitable to you in the end.
Shopify Profit Calculator 2020 [Profit Margin Calculator For Your Store]: So yes, that’s about it for this post, I hope that you found this post to be helpful for you, In case you have any queries regarding this then feel free to let me know in the comments section below and I’ll be happy to help you out.