While working with Shopify and Woocommerce we quickly found that it was inconvenient to calculate the net profit from your sales. We started by simply putting every order into an excel sheet and adding the total sales price and then subtracting the product cost, shipping cost, etc. The process worked but it was way too time-consuming as our business grew.
We later decided to start using a similar software to ProfitSpace, which calculates net profits for e-commerce. The system did an ok job with showing us the profits for the day but the more we used it, the more flaws and limitations started to become more apparent. We tried many other similar software and business systems but there were some features that were nowhere to be found.
Missing features:
- Profit analysis on a product level
- Stock analysis and purchase planning
- A smart product cost assignment system that updates prices for every new purchase
We concluded that the only way for us to understand our e-commerce business fully as we grew, was to develop software ourselves that had every single function that we needed.
Developing the software took a lot of time and effort but once the product was complete, it started to make it so much easier to run our e-commerce business.
We mentioned the software to some industry colleagues who had similar problems as we used to have and they were very interested in trying it out. The reaction that we got from them when they used our system was very positive and this led us to believe that we could help even more e-commerce companies with our service.
ProfitSpace is now available for everyone. It is a relatively new service and we plan to expand the service together with our users. We have added more features than the original net profit calculator and we listen closely to our customer's needs when we develop new functions.
We have customer and technical support available, free for all of our users. To make sure that 100% of our customers are happy with the product we have also added a 90 days satisfaction guarantee.