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How to Calculate Profit for a Dropshipping Business (Shopify-based)

How to manually calculate profit and where you could gather all the cost data. Everything considered: COGS, shipping, ad spend, transaction fee, etc.

Nov 7, 2024 | By Irene Leander
Profit and Loss (PNL): A Comprehensive Guide [2024]

A comprehensive overview of PNL and its components. Examine fundamental steps to prepare PNL statement and how to successfully use them. Read now!

Nov 7, 2024 | By Irene Leander
Customer Profitability Analysis: Definition, Formula & Benefits

Let’s examine what customer profitability analysis entails, why you should monitor it, and the best practices for applying it to your business!

Nov 7, 2024 | By Irene Leander
Amazon Profit Margin: Every Detail You Should Know [2024]
Amazon Profit Margin: Every Detail You Should Know [2024]

Let’s discover What Amazon profit margin is, How to calculate it, and 5 tips on How to increase your Amazon profit margin like a pro!

Nov 7, 2024 | By Irene Leander
TrueProfit vs Triple Whale: Which Is Best For Your Store in 2024?
TrueProfit vs Triple Whale: Which Is Best For Your Store in 2024?

Which app is best to track and optimize your Shopify store expenses? Find out in this in-depth comparison of TrueProfit vs Triple Whale!

Aug 21, 2023 | By Irene Leander
TrueProfit vs Lifetimely: What Are The Differences? (2024)
TrueProfit vs Lifetimely: What Are The Differences? (2024)

In this comparison, we will point out how TrueProfit vs Lifetimely differ from each other and let you decide on the winner. Read now!

Aug 21, 2023 | By Irene Leander
TrueProfit vs BeProfit: Which Is The Ultimate #1 Profit-Tracking Solution?
TrueProfit vs BeProfit: Which Is The Ultimate #1 Profit-Tracking Solution?

Today, we’ll dive into a head-to-head comparison between TrueProfit vs BeProfit– two leading profit analytics with powerful tracking capacities. Let’s explore!

Jul 11, 2023 | By Irene Leander
3 Best Free Methods To Track Your Shopify Profit & Expenses
3 Best Free Methods To Track Your Shopify Profit & Expenses

You want to track your Shopify profit and expenses but don’t want to pay? Well, we have you back. Here are the best free methods to achieve that!

May 31, 2023 | By Irene Leander
5 Mistakes to Avoid When Calculating Profit for Your Shopify Store
5 Mistakes to Avoid When Calculating Profit for Your Shopify Store

Obviously, mistakes often occur in Shopify profit calculations, given the number of factors involved. Here are 5 common mistakes you should avoid!

May 30, 2023 | By Irene Leander
Top 4 Reasons Why You Need a Profit-tracking App
Top 4 Reasons Why You Need a Profit-tracking App

Slow processing, old data! Waste of time. errors! Is manual tracking profit exhausting? Get a profit-tracking app. We’ll show you why.

May 26, 2023 | By Irene Leander
Dropshipping Profit Margin: Essential Metrics and Calculations
Dropshipping Profit Margin: Essential Metrics and Calculations

Let’s explore all you need to know about dropshipping profit margin: What metrics affect your margins, How to calculate them, and more!

Apr 26, 2023 | By Irene Leander
Gross Profit Margin: Definition, Formula, Example & More!
Gross Profit Margin: Definition, Formula, Example & More!

Let’s explore all you must know about Gross Profit Margin: Definition, Formula, Benchmark, Example & How it differs from other profit margins!

Apr 25, 2023 | By Irene Leander
Incremental Margin: All You Must Know About [Tools Suggested]
Incremental Margin: All You Must Know About [Tools Suggested]

In this guide, we’ll help you have a better understanding of what incremental margin is, its formula, example & a suggested tool to calculate yours!

Apr 24, 2023 | By Irene Leander
Shopify Profit: How to Track It Properly [2024]
Shopify Profit: How to Track It Properly [2024]

In this article, we’ll show you what Shopify profit metrics you have to track, and where to locate them within your Shopify admin dashboard!

Apr 21, 2023 | By Irene Leander
Operating Income Formula, Examples & Comparison With Other Metrics
Operating Income Formula, Examples & Comparison With Other Metrics

Let’s explore everything about operating income formula, including its three approaches, examples, & how it differs from Net Income, EBIT, EBITDA!

Apr 21, 2023 | By Irene Leander
Net Profit Margin: Formula, Example, Benchmarks, Tips, And More!
Net Profit Margin: Formula, Example, Benchmarks, Tips, And More!

In this article, we’ll guide you through all you need to know about net profit margin: formula, a real-life example, benchmarks, tips and more!

Apr 18, 2023 | By Irene Leander
Revenue vs. Profit: How Focusing on Revenue Can Harm Your Dropshipping Business
Revenue vs. Profit: How Focusing on Revenue Can Harm Your Dropshipping Business

You can make a million but still be in debt. Too obsessed about revenue while being unaware of your true profit can hurt your eCommerce business.

Jan 8, 2019 | By Irene Leander