Learn about Amazon’s sales analytics and reporting capabilities
If you look closely, you will see a wide choice of viable Amazon analytics solutions from suppliers with varying capabilities and, of course, varying pricing ranges. The majority of Amazon seller tools are web-based. If you are seeking for simple web-based applications, your alternatives are virtually limitless nowadays. Profits can only be generated if you understand your figures and costs. That is why employing an analytics program is preferable than doing it by hand, which will result in several inaccuracies. Try knowing about amazon analytics for sellers
Considerations for cost analysis
FBA seller fees: Using FBA to work with Amazon may be simple. However, you must also control the expenses of FBA. You don’t want to blow your earnings by not calculating FBA. Amazon will make you pay for fulfillment expenses, storage costs, chargebacks, adjustments, and various charges and seller fees.
Promo values: Most analytics solutions should be able to tell you how much you spend on promotions. Amazon coupons, discounts, lightning deals, and other promotions.
Costs of freight and shipping: We broke down our lead time calculations and demonstrated the significance of freight and shipping. With growing freight costs, it’s critical to properly account for this when determining if a product is lucrative enough to continue selling.
Cost of goods: You must track this yourself because Amazon does not have your COGS data. All expenditures, from the preparation of the items through the total transportation, should be evaluated. Checkout with amazon analytics for sellers so that you can get good profit from amazon as well.
Margin analysis is another key task that analytics tools may assist with. The profit margin is the most critical thing for you to understand. From sales to orders and revenue, the analytics tools provide the most accurate information on current and projected margins. The tools also aid in forecasting margins based on the plan you want to adopt.
As each country’s VAT is different, you must include VAT in your pricing model when calculating earnings after tax. If you fail to compute your goods with tax, the difference in your genuine profit might be 20%. The value added tax, or VAT, is the amount of tax levied on a product depending on its value. Using the best Amazon analytics tool will provide a comprehensive VAT analysis. However, cost analysis is also part of your sales analytics and is linked to profit analysis.