Choosing a Profit Tracker for Wix: Key Features and Beginner's Guide

Starting a business is a dream come true for many, but not all of us have the skills or knowledge to manage an online store. This is where the Wix website builder is an excellent option as it's both easy to set up and use. The only problem is that you might be tempted to skip the boring bookkeeping details and leave them to an accountant at the end of the year.

Big mistake.

Tracking your finances in real-time can seriously increase the chances of your online business being successful. To help you out, here's how to choose a suitable profit tracking app for your Wix store.

How to Best Keep Track of Your Profits on Wix

Profit trackers are one of the most useful functions for anyone who wants to keep track of the profit of their Wix store. All you have to do is jump on Wix’s App Market, find a suitable application for your store, integrate, and you’re ready to keep a close eye on your online business’s finances.

The best part?

Profit trackers are easy to use, require little financial expertise, and require no technical know-how.

What Is a Profit Tracker?

A profit tracker is a tool for monitoring the financial performance of an online business. A well-developed profit tracker records:

• Revenue
• Return on investment (ROI)
• Return on sales (ROS)
• Cost of goods sold (COGS)
• Expenses
• Orders
• Fees
• Taxes
• Profitability
• Earnings

Profit trackers also monitor a business’s profit margin. By tracking and monitoring profit margins regularly, business owners know where to make the changes or modifications that can help them improve profitability.

Key Features of Good Profit Trackers

A good profit tracker should include the following features:

• Real-time metrics Track conversions and sales of your Wix store in real-time.
• Accessible UX and UI The application comes fitted with an easy-to-use interface, and no coding skills are required for implementation.
• Never miss an order A profit tracker application should automatically create orders for you when a customer visits your website.
• Success analytics Your app should be able to tell you your best-selling products, customers, and much more.

• Profit insights Accurate insights on where your business is and isn't performing can help you refine it and increase sales to boost profits.

How BeProfit Can Help You

If you are like other entrepreneurs and are interested in generating revenue with your business or website, then a profit tracker is a must-have. The BeProfit profit tracker for Wix includes all of the features listed above and will help you optimize your revenue streams through profit calculations, cash flow forecasting, and a range of insightful cohort analyses. The best part, BeProfit, allows users to automatically track spending, revenue, and profits with a simple touch of a button.

Profit trackers are useful apps for any online business owner, helping you stay on top of your cash flow and safety so you’ll never run into any money problems ever again, allowing you to focus on growing your business.