Getting started
Onboarding your TikTok Shop on TrueProfit
Welcome to TrueProfit! We are a platform that helps you consolidate your financial data on TikTok Shop and figure out your ultimate Net Profit metric by calculating all costs for your shop. Start Firstly, let's ensure you've created a TrueProfit account to start onboarding your TikTok Shop on the app. Click here to go to the Create account page, then enter your email and password to complete this step. Tip: A TrueProfit account can be useFew readersMetric Glossary for TikTok Shop
In this article, you'll find a list of metrics, including their meanings and formulas, for tracking your TikTok Shop on TrueProfit . Tip: Quickly search for the metric you want using Ctrl+F. Metrics in DashboardFew readers
Cost settings
How to set up Cost of Goods for TikTok Shops
What is Cost of Goods and why you should track this metric? Cost of Goods Sold (COGS) is the direct costs associated with producing or dropshipping the products you sell on TikTok Shop. This includes the cost of materials and direct labor used in creating the product. COGS is an important metric for businesses because it is subtracted from revenue to determine a company's gross profit. Understanding COGS helps merchants calculate net profit, set pricing strategies, manage inventory, and assFew readersHow to connect and sync Ad Spend from TikTok
Connecting and syncing ad spend from your TikTok ad account is essential for a clear picture of your shop's Net Profit. Here’s how to connect your first TikTok Ads account: In the left side menu, click on TikTok Ads Click Add account Complete the authorization steps from your TikTok Business account OFew readers