Best Amazon Profitability tracking Tools

Introduction

Profitability tracking is majorly important to Amazon sellers as it outlines how much one has made or lost. Such insight will help the seller in making informed decisions about operations, investments, and ad campaigns. That said, profitability may be tough to track on an item-by-item level without the right tools, considering the FBA, advertising fees, shipping, and COGS costs.

In this blog, we are going to discuss a few powerful software tools that were created with the single intention of helping an Amazon seller track profitability more effectively. Herein, we'll take a closer look at software tools like SellerBoard, SellerLegend, ManageByStats, Shopkeeper, InventoryLab, SellerSonar, Profit Cyclops, and Helium 10 Profits, each with its own set of unique features, strengths, and weaknesses.

Why Profitability Tracking Matters

Without the proper view into profitability, the seller might make decisions toward revenue or volume, ultimately misleading him. A product with very high sales could offset with very high advertising costs or FBA fees and net out negative on net profit.

For instance, understanding ad spend return on overall sales-through metrics, such as TACoS, will help sellers understand how their investments in advertising drive organic sales growth. In the same vein, profitability insights provide the ability for the seller to adjust pricing, reduce logistic costs, or shift focus to more profitable products.

A Breakdown of Detailed Profitability Tracking Tools

1. Sellerboard

Accurate Profit Dashboard:

Real-time view of sales, orders, refunds, advertising costs, and net profit.
Breaks down important KPIs such as sales, shipping, Amazon fees, Cost of Goods Sold (COGS), and more.

Comprehensive Fee Tracking:

Tracks over 100 Amazon fees, including storage, shipping, and labeling fees, ensuring all costs are accounted for.

PPC Optimization:

Automates bid optimization based on profitability and tracks Pay-Per-Click (PPC) performance for every campaign, ad group, and keyword.

Inventory Management:

Provides stock shortage notifications and helps manage inventory costs by batch, period, or marketplace, preventing stockouts.

Refund & Return Analysis:

Detailed cost breakdowns for refunds, including FBA fees and reasons for returns, helping sellers minimize losses.

Review Requests & Feedback:

Automates email campaigns to gather customer reviews and feedback, improving organic reviews and overall product ranking.

Listing Change Alerts:

Sends notifications for changes in product listings, prices, and Buy Box status, helping sellers respond quickly to critical changes.

Customizable User Access:

Allows team members and partners to manage accounts with restricted access, making it easier to collaborate securely.

Sellerboard offers comprehensive tools to track profitability, optimize PPC, manage inventory, and automate key processes—helping Amazon sellers boost profits and make informed decisions.

2. SellerLegend

Interactive Dashboards:

Provides a real-time overview of sales, profitability, orders, and key business metrics.
Helps Amazon sellers make data-driven decisions with detailed insights.

Product Management:

Allows sellers to monitor product listings and performance.
Helps streamline sales by making actionable product decisions based on insights.

Inventory Management & Forecasting:

Tracks stock levels and prevents stockouts while managing excess inventory.
Optimizes the supply chain for better order fulfillment and customer satisfaction.

Sales & Revenue Monitoring:

Offers near real-time sales data and comprehensive revenue insights.
Helps sellers maximize profits by making informed decisions.

Refunds & Reimbursements Management:

Provides detailed reports on refunds and reimbursements to handle cases smoothly and efficiently.

Amazon Sponsored Ads Analysis:

Analyzes Amazon ads performance to optimize PPC campaigns and daily sales.

Cost of Goods Management:

Manages COGS accurately to ensure correct profit calculations and financial reporting.

Amazon FBA Storage & Shipment Management:

Helps sellers manage FBA storage efficiently and offers restocking recommendations to avoid excessive storage fees.

SellerLegend equips Amazon sellers with advanced tools to maximize business performance by offering comprehensive insights into sales, products, inventory, and profitability.

3. ManageByStats

Profit Dashboard & Financial Insights:

Provides an all-in-one profit dashboard to track key metrics like profits, conversion rates, traffic, and sales.
Offers detailed financial breakdowns, including expenses, revenues, and transactions, to help sellers manage profitability more effectively.

Inventory Management:

Tracks stock levels and provides notifications to prevent stockouts or overstocking.
Streamlines inventory management with automated alerts and checklists.

Review & Feedback Automation:

Automates Amazon review requests and custom buyer/seller messaging, helping sellers gather valuable feedback and boost reviews.

KPI Dashboards & Smart Notifications:

Tracks essential KPIs (Key Performance Indicators) and provides real-time notifications for reviews, listing changes, and more.
Helps sellers stay on top of their business with smart notifications and automated reports.

Product Research & Keyword Tracking:

Includes a Chrome extension for product research and tracks up to 100 keywords for free.
Assists sellers in optimizing their listings by analyzing keyword performance and competitor data.

Automated Reports & Insights:

Generates detailed reports on sales performance, financials, and product metrics.
Offers trend graphs and customizable autoresponders for efficient communication and business insights.

ManageByStats helps Amazon sellers maximize profitability by offering comprehensive tools to track profits, manage inventory, automate reviews, and analyze sales performance, all within a unified platform.

4. Shopkeeper

Real-Time Profit Calculation:

Provides accurate, up-to-the-minute insights into sales, costs, and profits across multiple Amazon marketplaces.
Consolidates over 150 Amazon seller fees into a single profit statement, making it easy to track true profits.

Automated Dashboard:

Offers a unified dashboard that tracks profits, inventory, and expenses automatically, saving sellers time and effort.
Quickly checks profits across various products and marketplaces without the need for manual report pulling.

Fee Management:

Identifies and minimizes hidden Amazon fees, helping sellers avoid profit loss due to unexpected costs.

Inventory Forecasting:

Helps sellers manage and forecast inventory needs, ensuring they never run out of stock and can plan future orders effectively.

Instant Alerts:

Provides real-time notifications on sales, inventory levels, listing status, and fees via email, Slack, or the mobile app.

Customizable Cost & Tax Settings:

Allows sellers to configure product costs and taxes, with customer support available for setup assistance.

Shopkeeper simplifies Amazon profitability tracking with real-time data, automated fee management, and inventory forecasting, empowering sellers to make informed, profitable decisions.

5. InventoryLab

All-in-One Solution:

Combines product sourcing, listing, shipping, product performance tracking, and accounting into one platform, tightly integrated to save time and streamline operations.

Stratify for Inventory Management:

Simplifies inventory tracking with features like automated restock notifications, custom SKUs, and shipping workflows.
Offers automatic price population and simple fee reporting for easy profit tracking.

Scoutify for Product Profitability:

Helps sellers quickly assess product profitability, making it easy to identify the most profitable items in real-time while sourcing.

Advanced Reporting with Insights:

Provides deep-dive data and accurate reports, giving sellers a clear understanding of their performance metrics without sifting through complex reports.

Time-Saving Tools:

Automates tedious tasks like shipping workflows, box tracking, and restocking, freeing up time for sellers to focus on growth.

InventoryLab simplifies Amazon profitability tracking by integrating sourcing, inventory management, and advanced reporting, helping sellers save time and make data-driven decisions.

6. SellerSonar

Real-Time Alerts:

Provides instant notifications for changes in product listings, Buy Box hijacking, new/deleted reviews, and keyword rank shifts, allowing sellers to address issues quickly and protect profits.

Comprehensive Competitor Monitoring:

Tracks competitor strategies, including pricing, Best Seller Rank (BSR), and keyword performance, offering insights to stay competitive.

Keyword Rank Tracking:

Monitors keyword rankings and history, helping sellers optimize listings by identifying high-traffic keywords and improving their positioning.

BSR & Buy Box Tracking:

Tracks Best Seller Rank (BSR) changes and Buy Box status to ensure sellers maintain strong sales and ranking performance.

Product Suppression & Price Change Alerts:

Instantly alerts sellers about suppressed listings and competitor price changes, ensuring fast action to maintain sales and profit margins.

No Seller Central Connection Required:

Tracks Amazon product changes and provides alerts without needing access to Seller Central, simplifying the setup process.

SellerSonar automates crucial tracking and alert functions, enabling Amazon sellers to stay informed of important changes in real-time and respond proactively to maximize profitability.

7. Profit Cyclops

Real-Time Profit Tracking:

Provides up-to-the-minute insights into sales, profits, fees, and expenses, allowing sellers to make informed decisions instantly.

Comprehensive Profit & Loss Reporting:

Consolidates all Amazon sales, fees, and storage costs into one detailed Profit & Loss report, offering a complete picture of your business performance.

KPI Dashboard & Metrics:

Displays essential metrics such as TACoS, CPC, and storage costs, helping sellers identify high-performing products and areas needing improvement.

Inventory Valuation & Stock Alerts:

Tracks inventory value and provides stock alerts to ensure sellers never run out of products or overstock, optimizing sales opportunities.

Return Reports & Issue Identification:

Simplifies return tracking and highlights issues with product listings, enabling sellers to resolve problems quickly and improve profitability.

Saves Time & Money:

Automates the tracking of critical Amazon metrics, reducing reliance on spreadsheets and freeing up time for sellers to focus on growth.

Profit Cyclops simplifies Amazon profitability tracking with real-time profit data, intuitive dashboards, and automated reports, making it a must-have tool for scaling your business effectively.

8. Helium 10

Real-Time Profitability Insights:

Provides a comprehensive view of potential profitability before listing products, helping sellers make informed decisions about which items to sell.

Detailed Cost Breakdown:

Calculates direct costs such as FBA fees, storage fees, referral fees, and shipping costs, offering a clear picture of all expenses associated with selling a product.

Customizable Metrics:

Allows sellers to adjust key metrics like product dimensions, weight, price, and manufacturing costs to see how different factors affect profit margins.

Quick Profitability Assessments:

Easily accessible via the Helium 10 Chrome extension or directly from product listings, the tool enables sellers to quickly assess profitability across multiple products.

Optimization for Improved Margins:

Helps sellers improve profit margins by testing different packaging sizes, repricing products, and researching high-demand items.

Helium 10’s Profitability Calculator simplifies Amazon business operations by providing accurate, real-time insights into product costs and profit potential, allowing sellers to optimize listings and maximize profitability.

Comparative Summary: Which Tool is Right for You?

Services like Shopkeeper and InventoryLab work for small or fresh sellers by providing simplicity that will satisfy all basic needs without going too far into overwhelming complexity. Advanced sellers or those who manage several brands might want more complex insights with granular features; it is there that SellerBoard, SellerLegend, or ManageByStats can come in handy.

If competitor monitoring is of prime importance to you, then SellerSonar does the job exceptionally well. You get very detailed insights to always stay ahead of the competition. For sellers who like data better visualized graphically, Profit Cyclops offers them an intuitive, graphical profitability tracking system. If you are using Helium 10 for their suite, then Helium 10 Profits will smoothly integrate with other tools, thus being perfect for any seller looking forward to an all-in-one Amazon business management experience.

Conclusion

Whether one is just starting or has already gained considerable experience as a seller, the investment in the right profitability tracking tool can cut down time waste, enable data-driven decisions, and allow the ultimate growth of the bottom line. Invest the time to identify your needs and find the best solution that suits you. By doing so, you will unlock new opportunities that place your business on the path of long-term profitability and success.

If you need personalized guidance or help fine-tuning your strategies, Superfuel AI can assist. Our AI-powered assistant analyzes 36+ key Amazon metrics to identify and address the root causes of sales fluctuations, helping you optimize your storefront and boost sales. Reach out to us at [email protected].

Ben Mathew, Amazon Expert

Ben Mathew is a co-founder at Superfuel, a sales assistant for Amazon sellers. In the past, Ben and his team of e-commerce specialists and software engineers have launched 40+ new brands on Amazon, taking them from zero to bestsellers. In his free time, he is either learning from other top sellers or encouraging his 3 daughters in their love for reading. He is reachable at ben [at] superfuel.io.