The e-commerce industry experienced a quantum leap during the pandemic as consumers had to remain confined within their homes and almost fully relied on online shopping to stock up during these difficult times.
As a result, even those who were the most reluctant to turn to the web to fulfill their needs have now experienced the benefits of buying things online and are now more open to participating in the digital economy.
Businesses rapidly turned to platforms such as Shopify and WooCommerce to build their presence online and the BeProfit app was created to help store owners in analyzing the profitability of their online ventures easily.
In this article, we give our readers an overview of how this application is changing the way companies in the online realm are boosting their financial performance through the use of insightful data provided in real-time.
Supported by Top E-commerce Platforms
E-commerce platforms such as Shopify facilitate the task of creating an e-commerce-focused website for businesses that either want to start offering their products online or that may only rely on this channel to operate.
App developers have the possibility of creating add-ons and complementary software that further empowers businesses in different areas. In the case of BeProfit, their goal is to provide insightful data about the store’s profitability via comprehensive dashboards and easy-to-read reports.
BeProfit is currently available for four e-commerce platforms: Shopify, WooCommerce, Wix, and Amazon.
User-Friendly Interface and Easily Synchronized
BeProfit has been designed for entrepreneurs who are not necessarily finance-savvy in the sense that its charts, dashboards, and reports have been structured to convey the required information in a way that is easy to understand.
The process of synchronizing the app with the respective e-commerce platform is very easy and takes no longer than a few seconds. Aside from just data related to the sales department, the software can also be integrated with top online advertising sites such as Facebook and Instagram and with websites like AliExpress and Alibaba to pull data from the store’s purchase orders.
Insightful Data to Make Timely Decisions
The combination of all the data mentioned above is gathered, organized, and presented by the system in a way that entrepreneurs can make accurate and timely decisions based on objective information.
By using cutting-edge analytics software, the BeProfit app will calculate key marketing metrics such as the customer lifetime value (LTV) and return on ads spent (ROAS). Moreover, the software will also create a sorted list of the store’s top-selling products by volume and profit margins.
Entrepreneurs can use this data to refine their product mix, re-route marketing resources to the most successful products, and select top suppliers based on their delivery times, cost, and overall reputation.
Affordable and Scalable
For online stores, keeping overhead in check is an important goal to make sure that the business can turn a profit as fast as possible. Depending on which platform the e-commerce website is built on, the fees charged by BeProfit may vary.
For startups, the best news is that BeProfit has created a free version of the software that supports up to 100 monthly orders. This also works for those who are on the fence about the software and would like to give it a shot before committing any money to it.
For stores that already handle higher volumes, fees start at $20 per month for the Basic Package and go up to $120 per month for the Ultimate Package, which includes access to all of BeProfit’s features.
This fee structure makes BeProfit an affordable app for any e-commerce store regardless of the stage in which they are at. Moreover, the app will work smoothly even if the project scales to become a large enterprise made up of multiple shops and handling thousands of orders per day.
Bottom line
As e-commerce continues to evolve, the software available to facilitate things for entrepreneurs in this space must keep improving as well. When it comes to tracking a store’s performance from a financial standpoint, BeProfit has created an app that can do all the heavy lifting by gathering, organizing, and reporting the most relevant information in a matter of seconds so store owners can focus on other critical tasks.
