E-commerce performance analytics involves collecting, analyzing, and reporting data related to an online store's operations and sales. This process helps identify trends, measure success, and inform strategic decisions to improve business outcomes.
E-commerce performance analytics is the process of tracking and studying data from your online store. This information shows how customers behave and how well your marketing campaigns work. It helps you see which products sell best and where your website might be losing customers. Businesses use these insights to make better decisions and improve their profits. Common metrics include: * Conversion rate: The percentage of visitors who make a purchase. * Average order value (AOV): The average amount spent per order. * Customer acquisition cost (CAC): The cost of winning a new customer. * Return on ad spend (ROAS): The revenue earned for every dollar spent on ads. * Customer lifetime value (CLTV): The total profit a customer brings over their entire relationship with your brand.
E-commerce performance analytics are data metrics that help you make business decisions based on facts rather than guesses. These tools show you exactly which products sell and which marketing plans work. By looking at this data, you can improve your prices and your website layout. This helps you provide a better experience for customers while increasing your total sales and profit.
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