What are the key performance indicators for e-commerce startups?
An example of an AI chatbot conversation about KPIs for e-commerce startups.
What are the key performance indicators for e-commerce startups?
Key performance indicators (KPIs) for e-commerce startups include conversion rate, average order value, customer acquisition cost, and customer lifetime value.
How do I calculate the conversion rate?
To calculate the conversion rate, divide the number of conversions (sales) by the total number of visitors, then multiply by 100 to get a percentage.
What is a good average order value for a startup?
A good average order value varies by industry, but generally, e-commerce startups aim for $50 to $100 as a starting point.
How can I improve my customer acquisition cost?
To improve customer acquisition cost, focus on optimizing your marketing strategies, targeting the right audience, and enhancing your website's user experience.
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