Fetcher - Weekly Business Health Checklist
Please download the PDF Checklist below:
1. Always know your YTD Total Profit: Review your profit $$ for YTD from top dashboard banner
2. Look for profit trends: Check your profit for the last 14 days on dashboard graph, is your daily $$ profit staying the same or going up/down?
3. Spot Negative or $0 profit days: Review dashboard graph with calendar set to year-to-date and spot check days with a flat line (no sales) or below the $0 line which represents negative profit days. Make note of those dates & analyze them in detail to find out why they were flat and/or had negative profits
4. Review your daily units for each SKU: From your product breakdown page, select the calendar for the last 60 days and review your average daily units sold count from the graph. Are your units sold going up or down on average? If so, why?
5. Spot your best and worst profit-performing SKU: From your Sales & Profit page, select calendar dates desired and you will see your profitability table on this page. Fetcher will display your best SKU on top and worst profit-performing SKU last on this table.
6. What is your average profit per unit? From your Sales & Profit page, select calendar dates desired and pull your profitability report from the top right corner button “Export to CSV”. Here you will find your profit per unit number to help you make informed business decisions on which item is worth re-stocking.
7. Find out your estimated profit for the remaining inventory batch: Take the average profit per unit noted above and multiply it by the current inventory level (units remaining). This calculation will give you an idea of the additional total profit you can expect for this particular item before reordering, if, the revenue and expenses ratio stays the same.
8. If at the beginning of this inventory batch, you did a lot of promotions and/or had aggressive PPC targeting and you’re not doing this anymore, then it’s recommended that you pull the “average profit per unit” from a later date and use this updated number for your calculations.
9. Find New Fees charged: Review cost chart located on the dashboard bottom right corner to find new and strange fees from Amazon under the “recurring fees” bucket
10. Check PPC & how it’s affecting your profits: From the dashboard, you can view PPC performance at an account level. And from your product breakdown page, you can view PPC performance at the SKU level. Feel free to download the report from the S&P page to view your profit with and without PPC.
*Please note that most recent PPC from Amazon can be delayed 48 hours* [small font]
11. Keep your Ranking: Check Inventory levels and look for any SKU with 3 units or less left, close the listing so Amazon doesn’t take away your ranking. If you close your listing before running out of inventory, once you replenish, you’ll be able to keep your ranking. (as of 2018)
12. Stay up to date with all expenses: Ensure that you enter all expenses into the “other expenses” tab for that week such as office expenses, salaries, contractor fees and others to ensure Fetcher provides you with the most accurate profit calculations
Is there another weekly/monthly task that you perform inside Fetcher to manage your business? Please let us know at firstname.lastname@example.org
We’d love to know and share with other Fetcher power users.
Cheers to Increasing Profits!