If you are an online seller, then you know the difficulties that you encounter when it comes to tracking your sales and profits. Especially, when you are selling through Amazon, one of the most competitive and customer-centric online marketplaces. So, if you have been struggling with elaborate calculations and are looking for a More simplified solution, then hang on.
In this Fetcher review, we will elaborate on how this profit analytics solution simplifies your calculations. After all, with so many platforms to promote your products, calculating your profits is a lot more complicated than it used to be. Plus, there are other expenses that must be adjusted, such as selling commission, shipping costs, taxes, etc… Things only get worse with returns, refunds, fluctuating commission rates, etc… which again needs to be deducted from the gross profits.
We know that none of it is easy, and if you really want to know your exact profits, you need to dig deeper. To do that, you need an advanced tool and that’s where Fetcher comes in. It is the best accounting software for Amazon sellers. So, if you’ve been spending hours trying to run calculations on Amazon Central or on spreadsheets, then it’s time to unleash the power of technology.
The Fetcher-Jungle Scout Connection
Amazon product research is synonymous with Jungle Scout, which belongs to the same parent company as Fetcher. In fact, if you use Jungle Scout (which is far more expensive than Fetcher) you do get access to a feature called Sales Analytics. This feature is a bundled freebie that’s made available to Jungle Scout subscribers, without any additional cost. You can find close similarities between Fetcher and the Sales Analytics tool offered by Jungle Scout. So, if you are on a cost-reduction spree, then focus on these two during the free trial, and then decide which one to pick.
Let us now explore some of the most powerful features that make Fetcher, the best accounting software for Amazon sellers.
When you sign-up with Fetcher, it takes less than a minute to link your Amazon Seller account and pull out the relevant data. The easiest way to do this is through Amazon’s API and as soon as you’ve done that, Fetcher starts pulling out the historical data.
Fetcher thereafter continues to pull out all the recent updates, whether it’s regarding your inventory, shipping, or anything else. You can then use this data to analyze your profits for every product. The coolest thing about this tool is that it also sends you daily emails about your orders and profit so that you know how things are moving.
Know what’s working
Fetcher’s intuitive dashboard covers up all the key points, which helps you understand what’s working for you and what isn’t. These invaluable insights are provided on the basis of sales, units sold, current inventory, costs incurred, etc… Once you know the most profitable products, you can then invest more in those products.
Likewise, you can cut back on products that are not generating enough profits and reduce your overall costs. If you have stocked up too much of it, then you can reduce your storage costs by giving them away as freebies or giveaways. So, Fetcher lets you plan all of this and more through a single dashboard and that indeed makes it the best accounting software for Amazon sellers.
Once you know what’s working and what’s not, you get a fair idea of how often you need to source the various products. Also, you need to evaluate whether it’s really worth the time and effort, because some products like apparel may have high sales, but equally high returns. So, before you place any orders to the manufacturers, you need to have detailed insights.
Fetcher provides useful insights that help prevent both overstocking and understocking. Now, this isn’t the easiest thing to do because you need to keep track of so many things — returns, refunds, damaged products and more.
Moreover, while understocking can lead to loss of opportunities, overstocking can push your product’s breakeven, farther away. That’s because if you overstock, you end up paying extra warehousing costs. Although this isn’t something that you expect from a profit analytics software, but Fetcher does provide insights that help keep track of your inventories.
Shipping Fee Calculation
One of the craziest things to calculate as an Amazon seller is your overall shipping costs. If you have been sourcing products from China, storing it in an FBA warehouse in New Jersey and selling it to someone in Dallas, then you know what this means. Again, you need to run calculations depending on the shipping options that you offer.
However, when you use Fetcher, there is little that you need to worry about, because Fetcher does the math for you and calculates the exact shipping cost, on a per-unit basis. What truly makes Fetcher the best accounting software for Amazon sellers is the fact that it also calculates re-shipping costs. Most Amazon sellers find it extremely difficult to calculate the exact profit of their products due to additional shipping costs incurred on returns, giveaways, etc…
Plus, without absolute clarity on the aggregate and individual product-wise shipping costs, you may end up in losses. So, unless you get this one straight, you really cannot calculate your exact profits for a certain batch of products. To make this easier, Fetcher fetches all the data that you need to calculate your profits. As Fetcher also runs the necessary calculations automatically, there is no need for you to worry about using formulae, as in the case of spreadsheets.
Returns and Refunds
The two terms that most Amazon sellers dread are returns and refunds — these can kill your profits in no time. So, unless you calculate the loss incurred due to returns and refunds and all the costs associated with it, you are most likely to miscalculate your profits. In fact, the inability to manage these two unanticipated costs has ended several successful online selling businesses.
Currently, there are many sellers who refrain from selling products in categories with higher returns such as apparel and toys. We understand how complicated this can get and therefore recommend using Fetcher to help you calculate all the costs associated with returns and refunds — reshipping, refund commission, etc…
With social media influencers at the forefront of promotional campaigns, you simply cannot ignore promotional activities such as contests and giveaways. Now, this involves several expenses — unit cost, shipping costs, campaign costs, etc… All of this may seem little, but unless you add it up and distribute the aggregate cost across a particular product category, you may not know your net profit. Fetcher helps you do this in less than a couple of minutes, which aids in the decision-making process.
Keep track of your PPC Campaigns
Are your PPC campaigns earning you the desired profits? Again, we stress on the word ‘profits’ and not sales because that’s where most Amazon sellers fail. As an Amazon seller, you probably sell multiple products — some of which are doing quite well and the rest that are not. So, while allocating your PPC budget, you must have this information to make an informed business decision. Now that’s exactly what Fetcher provides.
You can then use these insights to allocate most of your PPC budget towards products that are doing well. Also, you can pull out data regarding how much money you spent on each product, by distributing the overall PPC costs across that product category. Fetcher’s ability to pull out complex data and run intricate calculations makes it the best accounting software for Amazon sellers.
In this Fetcher review, we must admit that Fetcher isn’t just a profit analytics tool but also a profit maximization tool, when used correctly.
As an Amazon Seller, you run through various phases, but the most challenging one is the initial phase when you are just starting off as an online seller. That’s when you have very few orders and need to closely monitor your costs. The makers of Fetcher completely understand that and have priced their plans accordingly. There are three pricing plans that Fetcher offers, and each one comes with a monthly ceiling, calculated on the number of orders per month.
Also, since the makers of Fetcher are confident that this is the best accounting software for any Amazon Seller, they do provide a 31-day no-strings-attached free trial. Yes, you are under no obligation to link your credit card, so you don’t have to buy a subscription if it doesn’t work for you. Let us now explore the three pricing plans offered by Fetcher, so that you can pick the right one.
- Costs $19 per month
- Monthly Orders Limit – 2500 orders
- Costs $39 per month
- Monthly Orders Limit – 5000 orders
- Costs $99 per month
- Monthly Orders Limit – Unlimited orders
Number of Accounts
No matter which pricing plan you choose, Fetcher lets you connect any number of Amazon seller accounts to it. This allows you to pull out your data from various marketplaces through a single Fetcher account. However, currently, Fetcher supports a limited number of Amazon marketplaces.
Marketplaces supported by Fetcher:
- United States
- United Kingdom
Covers useful metrics
Data is the new oil, and without it, you cannot make effective business decisions. So, to help you take your online selling business to the next level, Fetcher puts together a significant amount of data through useful metrics. This includes product breakdown, product promotion costs, warehousing fees, PPC costs, and more.
With so much information at your fingertips, calculating your profit and loss becomes a whole lot easier. However, you don’t have to do that either, because Fetcher does that for you and shows you the exact profit and loss. You can find this in the Profit and Loss Statement on the left-hand side of the dashboard.
Besides the above mentioned features, Fetcher sends you daily email updates about your sales and profits. So, there is hardly anything that you would miss out on. This becomes a necessity for those who have several streams of online income. Also, it is ideal for those who travel often but need to keep track of their e-commerce stores.
What we truly like about this Amazon FBA tool is the fact that you can connect any number of Amazon seller accounts to a single Fetcher account. So, if you sell in different marketplaces, then you can calculate your costs without spending on another Fetcher account.
In our opinion, this profit analytics tool is ideal for anyone selling on Amazon and struggling with numbers. Fetcher is exclusively designed to help Amazon sellers calculate their costs, at a granular level. Doing the same stuff on Amazon central can be quite a challenge. On the other hand, when you use Fetcher, all the data is pulled out and calculated automatically.
This automated process eliminates the possibility of human error, which may arise if you first pull out data and then run calculations. Once you connect your Amazon seller accounts to your Fetcher account, then the transfer of data happens automatically. So, you can regularly pull out data straight from your Amazon central dashboard and run calculations effortlessly.