Notifications
You currently have no notifications!
Search
Menu
Close Menu

How can we help you?

Tell us more about your query, we'd be happy to help.
Reference:
How did you hear about us?:
 *
 *
 *
Predicting Net Profit in Realtime

IRP TRADING POSITIONS Accurately Predicts Net Profit

Is the Romance gone from eCommerce? 💔💔💔
Author
14 October 2024 - 3 min read

IRP POSITIONS now Accurately Predicts Net Profit 💰 

With markets constantly shifting and merchants juggling unpredictable Traffic costs, PROFIT remains the core challenge in eCommerce. IRP’s new technology bypasses any guesswork, exchanging the “romance of uncertainty” for "knowledge of Net Profit". 💔

But does knowing your exact position kill the thrill of eCommerce? Has IRP taken all the romance out of the journey? GUILTY AS CHARGED 💔💔💔

TRADING POSITIONS gives visibility of the realtime NET PROFIT POSITION - this powerful new feature in Version 9.3 cuts straight to the chase.  

“The true NET PROFIT POSITION can be difficult to face. But Merchants need to know.”

Dan Loughlin, IRP CEO


THE NEW IRP V9.3 NET PROFIT POSITIONS 👀

With Version 9.3, IRP has upgraded its POSITIONS feature to give merchants a clearer picture than ever. Leveraging machine learning algorithms, IRP now delivers the most crucial metric of all: how much Net Profit you’re likely to make.

Many reasons are given for high failure rates in the eCommerce industry but rarely is the main reason mentioned. For most PROFIT, or lack of it, is just too painful a reality.

"TRADER data is indispensable—we’re growing in a market where major players are collapsing around us."

David Burleigh, Owner Fishing Tackle & Bait

FROM ROMANCE TO SMART DECISIONS

With Version 9.3, IRP has pushed the boundaries of eCommerce. By combining Data, Technology, and a Service Marketplace, IRP offers merchants a comprehensive framework for control and growth. 

Is the romance gone? Perhaps. It’s no longer about chasing gimmicks or shiny objects. Success now lies in understanding real-time metrics: Sales, Gross Profit, Traffic Spend, eGross, and Net Profit. Yes, the romance may be fading 💔—but smart, profit-focused decisions are replacing it.


THE ROMANCE IS GONE 💔 PROFIT DETERMINES SUCCESS
 

EMBRACING A NET PROFIT APPROACH IN ECOMMERCE

So, what now that you know your Net Profit? Don’t look back at the romance—focus forward. With the right technology, data, and a drive to succeed, you can adopt a profit mindset that rewards your hard work. 

IRP call our approach “Connecting People. Data, and Profit”. Our Merchants call it ‘Money in the Bank’ for all their hard work.

Read more...

  • Real time calculation of ecommerce sales, margin & net profit - Learn more...
  • eGross Profit - a breakthrough in eCommerce control - Learn more...
  • Service Marketplace changes merchants' fortunes - Learn more...
- COMMENTS
You must be logged in to comment on this article. Click here to Login to the IRP World
Live Market Data
Today v Yesterday 0.05%
November 2024 v November 2023 11.80%
YTD 2024 v 2023 8.04%
Arts and Crafts 0.07%
Baby & Child 0.19%
Cars and Motorcycling 0.22%
Electrical & Commercial Equipment 0.31%
Fashion Clothing & Accessories 0.08%
Food & Drink 0.22%
Health and Wellbeing 0.03%
Kitchen & Home Appliances 0.05%
Pet Care 0.20%
Sports and Recreation 0.02%
Toys, Games & Collectables 1.60%

Copyright © 2024 IRP Commerce. Use of this website constitutes acceptance of the IRP World Acceptable Use Policy, IRP World Terms of Use, IRP Privacy Policy and IRP Cookie Policy

IRP Commerce Limited, Concourse 3, Catalyst, BT3 9DT, UK. Company Number: NI 041856. VAT Number: GB 888249658
A Deloitte Fast 50 Company eight times: 2010, 2011, 2012, 2013, 2014, 2018, 2019 & 2020