Category: About AmDash

New in AmDash: Today Widget!

Today we’re releasing our most-requested feature to-date… the “Today Widget”!

You’re used to seeing this on the Dashboard:

 

If you log in now, you should see this instead:

Hooray!

Today’s sales will load when you first log in (takes a minute to fetch the data) and will refresh itself automatically every hour thereafter as long as your browser is open.  You can also manually trigger a refresh after 20 minutes if you don’t want to wait until the end of the hour.

The data we pull from Amazon’s API should be up-to-date to within 5 minutes.

6 units of what?

But “6 units sold” isn’t as informative as you might like… after all one of the frustrations with Amazon’s dashboard and mobile app is that it only shows you the total number of units.

So we also added a new button in the main Dashboard area, so you can toggle the “sales” column back between “yesterday’s sales” and “today’s sales” — just click the little pencil icon to switch back and forth.

(AmDash will remember which setting you left it on and will show you that next time you log in; because that’s just polite.)

 

Introducing the new Inventory Master View

Now live: an even better way to manage your supply chain

If you log into AmDash, you’ll now notice a new Inventory link in the top-left dropdown menu.

Here’s a sneak peek:

Screen Shot 2016-09-02 at 1.53.50 PM

What’s This For?

While the weekly Inventory Summary email is useful, we wanted to make it even easier to answer the question “what do I need to take care of?” when it comes to managing inventory.

So the new Inventory Master crunches the numbers for you and tells you exactly what actions you need to take within the next 30 days.

If you have a product which needs to be reordered soon (based on your sales velocity and the lead time you specified), we’ll show you those items in the left-hand card at the top of the page.

Screen Shot 2016-09-02 at 1.54.15 PM

The “send to Amazon” card shows you items which should be mailed to Amazon soon, if you have some on hand. (If you don’t have any on-hand, it will show up on the “reorder soon” card.)

Screen Shot 2016-09-02 at 1.54.02 PM

If you see “nothing to do” in both of these cards, you are all set for the next 30 days!

Inventory Value

We also show the total inventory value for each product (and the total, at the top right).

This helps you see where you might have cash tied up in slow-moving inventory which should be liquidated.

But more importantly, you can use this number at the end of each month to easily grab your total Cost of Goods Sold, to keep your accounting up to date. (Your CPA will thank you for this!)

Screen Shot 2016-09-02 at 1.54.11 PM

Quick Tips

1. Note that you can click on the + sign or the number of units in the “on hand” and “on order” columns to quickly update those numbers.

Screen Shot 2016-09-02 at 2.10.23 PM

2. Another way to get to the Inventory Master page from the Dashboard is to click on the blue “inventory” header area on the product rundown table (pictured below).

Screen Shot 2016-09-02 at 2.09.55 PM

 

What do you think?

We love feedback.

What do you like about the new Inventory Master page? What would make it even better?

New in AmDash: The Profitability Page

Announcing the new Profitability Page

profitability screen

What are your Margins?

Every time you see someone post their Amazon sales numbers somewhere, someone immediately asks “what are your margins?” That makes sense because your Gross Sales could be $2 million while you are barely breaking even or even losing money.

Healthy margins help you grow, faster. Until now it took a bunch of spreadsheet twiddling to get a firm handle on that… the new Profitability page aims to make this much easier.

First off, we take the last 30 days worth of sales and tell you immediately the average selling price (including any promos) for each product, along with the average profit per unit.

(If you have entered COGS data for each SKU, the profit column will be much more accurate… but even without that, this page will give you a good sense of the relative importance of each product to your bottom line.)

% Margin

Margin is one of the key factors in the health of a product. If you have slim margins (less than 20%, say) you have little room to offer occasional sales or promos, and you end up having to sell almost all of your inventory before you have enough cash to place the next order.

Portion of Total Profits

At a glance, you immediately see which products are driving your business and which should perhaps be dropped. (We order this page by portion of profits by default; you can change this to your generally preferred order with the link just above the table of your products.)

You probably have a general sense of this already based on the Morning emails you’ve been receiving… but in my case I know I was shocked to see that a couple of my products were actually producing less than 1% of my profits. Yikes!

Roll Ups

Besides giving you the numbers for each SKU, we of course total everything up at the top of the screen.

left-and-center profit widgets

The “this month so far” widget, on the left, is a fun place to check periodically, to watch it build over time.

The “last month” widget is great for sharing a screen-shot with your Mastermind group or whatever Facebook groups you use to discuss selling on Amazon. You can show off your profits (we also put gross sales on there; as sometimes those numbers are big and fun) without giving away anything about your actual products.

The yearly rollup, on the right, is great for tracking your progress on building the business of your dreams.

right profit widget

We put in a profit goal of $75,000 to start things off… but just click on that number to make it reflect where you actually want to go with this business… and we’ll graph your progress in getting there.

(Man, I can’t wait to fill up that graph!!!)

How do I access this?

Good point. You should see a new menu item in the drop-down menu in the top left.

Or, even easier, you can just click anywhere within the yellow “profitability” widget on the Dashboard (homage page).

Screen Shot 2016-08-11 at 2.36.27 PM

Final Thoughts

We hope you find this page useful, and welcome your feedback on ways to make it even better.

Sharing screen-shots of the Profit widgets will also expose AmDash to more people; and more subscribers will help us to develop features for you faster.

Remember also that we have a referral program… for every person you introduce to AmDash that ends up subscribing, you get $2 off per month for the life of their account! You could end up paying nothing while helping us grow — which again helps us make AmDash even better for you.