Question 1

How to Evaluate your ecommerce business?

Accepted Answer

Tracking ecommerce KPIs provides quantifiable data and reveals your store&#8217;s performance. It shows strengths, weaknesses, and areas for improvement. You get a clear picture of your business&#8217;s health and growth potential.

Question 2

How do I choose the right KPIs for my business?

Accepted Answer

Think about what truly drives your goals, whether it’s customer satisfaction, sales growth, profitability, Roi, marketing performance, inventory management or product performance and select the KPIs that aligns with your business priorities. Further, setting up and tracking their progress at regular intervals.

Question 3

Can KPIs really improve my business performance?

Accepted Answer

Absolutely! ecommerce KPIs turn raw data into actionable insights, helping you make smarter decisions and stay focused on what drives your success.

Question 4

Which Ecommerce KPIs should we monitor monthly?

Accepted Answer

Monitor sales metrics (gross revenue, AOV), traffic metrics (unique visitors, source breakdown), customer metrics (CAC, CLV), Operational metrices like cart abandonment rate and return rate and Financial KPIs like Gross Profit, Net Profit & ROI are some key indicators which a business should track to ensure consistent performance review.

Question 5

Which KPIs to use for product performance review?

Accepted Answer

Key KPIs to assess product performance include total sale value, total quantity sold, revenue per product, gross margin %, gross profit, growth rate, product returns rates & damages, repeat order rate, customer reviews.

Question 6

How to Analyze Ecommerce Business Profitability?

Accepted Answer

To effectively analyze the profitability of an ecommerce business, calculate key metrics such as gross profit, net profit and ROI for your operations. Further diving deeper into profitability by product, category, vertical, and demographic level can provide you with a comprehensive view of the business operations.

Question 7

How do you compare Ecommerce KPIs with competitors?

Accepted Answer

Compare ecommerce KPIs by benchmarking metrics like conversion rates, customer acquisition costs, and average order values against industry standards or competitor data. You can leverage tools such as Google Analytics and SEMrush to uncover insights and gauge your performance and identify areas for improvement.

Question 8

How to evaluate your eCommerce business?

Accepted Answer

To evaluate your ecommerce business, track sales growth and check if it aligns with expectations. You must also analyze campaign performance to assess its effectiveness on sales. Further, review your gross profit margin to evaluate product profitability. Lastly, review your profit and loss statement and calculate ROI to assess overall profitability and efficiency of your ecommerce business.

Consulting

Key Ecommerce KPIs For Growth & Profitability

The Essential KPIs Every Business Should Track for Success

Join the Whiz Community!

Call us

Email Us

Opening Hours