For me, we need to consider the customer acquisition cost (CAC) vs the customer lifetime value (CLV). If you are not generating enough revenue from each customer to help you offset the cost, you will need to rethink your strategy.
What's the most important metric to track in your business?
- Thread starter uptrendfinancialsignal
- Start date
- Thread starter
- #3
Revenue growth rate is key for me. It is good to know that if I'm not consistently growing my revenue, I'm not growing my business.
- Thread starter
- #5
Average order value (AOV) is another big one for e-commerce business. If you can increase AOV, you can definitely boost revenue without necessarily acquiring more customers.
- Thread starter
- #7
You could track employee satisfaction and engagement closely. Happy employees are very productive and they also provide better customer service. They will ultimately drives business success.
- Thread starter
- #9
Conversion rate is a key metric for so many people. If I you an optimize your sales funnel and increase the conversions, you should be able to drive more revenue and growth.
