4 metrics you need to focus on as an ecommerce business owner| #ecommercebusiness #ecommerceknowhow

If you want to succeed in business, you need to start understanding the data you’re working with.

Especially if you just started using ecommerce software and are only becoming aware of tracking website performance, it can be a little overwhelming and confusing. What are the metrics that are significant for business growth? How are these metrics measured?

My advice is to start measuring KPIs that help you grow. That’s why I’m focusing on CR, LTV, CAC, AOV.

These are the metrics that impact your ROI.

CR (Conversion Rate) – The percentage of visitors who completed the desired action on your landing page.

LTV (Life Time Value) – The predicted total value a customer will generate for a business throughout their entire relationship.

AOV (Average Order Value) – The average monetary value of each transaction made by customers, indicating the typical amount spent per order.

CAC (Customer Acquisition Cost) – The average cost to acquire a conversion.

#ecommercebusiness #entrepreneurship #ecommerce #kpi

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Anatoliy Labinskiy ???? an entrepreneur, eCommerce expert, salesman, holder of 4-time Two Comma Club awards, the host of the Ecom Business Stream Podcast and founder GSM Growth Agency that helps entrepreneurs grow to 6-7 figures in revenue.

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