You, my friend, have come to the right place. In this article, you will find some of the most important questions that sellers have Fetcher answer for them.
These are those important questions that you don’t have to figure out by pulling 5+ spreadsheets. Instead, you can follow along with the video or questions below and you will find the answers you’re looking for.
- What’s my overall business profit?
- From your Dashboard, please select the timeframe that you’d like to see data for and then click “apply”. At this point, Fetcher will show you all of your overall business metric totals.
- How am I doing today?
- Select the “today” calendar option from the top right corner
- Best & Worst performing days this year?
- Scroll down to the dashboard graph where you’ll be able to spot dips for negative profit days or climbs for positive profit days
- How do I spot potential declines, seasonality or profit trends?
- Take a look at your dashboard which will include data for all your products over a long period of time and compare to previous time frames
- I want to review days where I ran out of stock to prevent future stock outs, how do I do that?
- To prepare for the future, please review a long period of time to spot any stock outs you had (where you might need to prepare with higher inventory at the same time next year)
- What’s my current sales velocity for each item? (Average # of items being sold a day)
- Please see your inventory widget on the dashboard page, located at the bottom left corner. Here’s you’ll find sales velocity for each item as well as “inventory value”. “Days remaining” before you run out of stock, current “inventory level” and space for you to enter your “lead time” which is from the day that your manufacturer starts producing to the time that your item gets to Amazon’s warehouse.
- How many days of inventory do I have left?
- Please see your inventory widget on the dashboard page, located at the bottom left corner.
- It’s year-end and I need to report on any unsold inventory to my accountant (as inventory will transfer to the next year), how do I figure it out?
- You can review your inventory value to report on the main dashboard
- This is known as your inventory value
- What’s my best performing & worst performing item?
- Please access the Sales & profit tab where you can analyze each SKU in detail and download report for further analysis
- Important as it will help you identify areas of improvement such as low-profit margins, high order fees, high marketing costs & such
- How do I do my taxes?
- Your accountant has most likely asked you for a Profit & Loss statement. Head over to the “P&L Statement” tab, select the timeframe desired, download, and print or email it to your accountant.
- What do I need to do to increase my profit margin?
- Take a look at your expenses. Compare fixed vs. variable. For the variable ones, snowball effect. Focus on one at a time and create a game plan to decrease them one by one.
- Storage fees can be variable since it’s dependent on stored units. We recommend using a 3rd party warehouse services to save on Amazon’s expensive fees (or decrease lead time, if possible)
- How do I keep track of my expenses outside of Amazon?
- Head over to Fetcher’s “expenses” tab. From here, you’ll find “product costs”, “reshipping” & “other expenses”
- Especially, making sure all other expenses (especially upfront costs to get a product launched) are plugged in
Want to know learn more about how you can use Fetcher? Feel free to watch this 30-minute Demo: