An ecommerce website can throw off a dizzying array of data, and it’s easy to get caught up with tracking too much. We advise our clients to focus on a few basic metrics to assess ecommerce performance before diving into analyses of channels and user behavior.
The key metrics are:
- Website Traffic (Sessions, Users, and Pageviews)
- Revenue (Sales)
- Transactions (Number of Orders)
- Ecommerce Conversion Rate (Transactions over Sessions)
- AOV / Average Order Value (Revenue over Transactions)
- CLTV / Customer Lifetime Value
- CAC / Customer Acquisition Cost
Note: I wrote this post with the assumption that the primary ecommerce channel for the business is its own ecommerce website (e.g. sites on Shopify, Magento, or some other ecommerce platform). This may not be the case for many ecommerce businesses that sell largely on Amazon, eBay, or other marketplaces.
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