What are the key metrics I should track for my e-commerce store?
An example of an AI chatbot conversation about e-commerce metrics and their importance.
What are the key metrics I should track for my e-commerce store?
You should track metrics like conversion rate, average order value, customer acquisition cost, and cart abandonment rate.
Can you explain why the conversion rate is important?
The conversion rate indicates the percentage of visitors who make a purchase, helping you assess the effectiveness of your marketing.
What is a good average order value?
A good average order value varies by industry, but generally, higher values indicate better performance. Aim to increase it over time.
How can I reduce cart abandonment?
You can reduce cart abandonment by simplifying the checkout process, offering free shipping, and sending follow-up emails.
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