You’ve heard it over and over again: as a business owner, you need to know how your business is doing financially. Broadly speaking, financial metrics capture information indicating your business’s financial health. It’s important to track these measures so that you can make informed decisions about the future of your business. Ecommerce is a fast-paced and ever-changing industry. As a Shopify seller, you must have the right tools and resources to keep up with the latest trends and developments in your niche. These tips will help you understand each metric’s meaning, why it matters, and how to track it for your business.
You can use dozens of different business metrics to evaluate your business. However, there are a few that are absolutely essential, as well as a few that are useful to track depending on your business type. These are
Start by identifying the most important metrics for your Shopify store business. Once you know what metrics are relevant to your business, you can start tracking them. It is an old practice to keep a journal or spreadsheet of your metrics over time to create a historical record for your metrics. But that’s not an easy task, especially in this day and age where there are many metrics to track and cull out insights from them.
Did you know that Google Analytics gives you ~200 metrics and Facebook ads give you 350+ metrics? Now, if you add other data sources, like Google ads, Tiktok Ads, and Shopify, you will have at least a thousand metrics to deal with. And then think about joining all the data and handling all platform discrepancies (at times, Google Analytics doesn’t record all orders because some users use a VPN or have an ad blocker).
Hence, based on our experience (which spans more than 100 years combined in our small team), we have created SuperCEO, our Shopify analytics superstar. The newly revamped app will send you an accurate Shopify sales report to track your venture’s growth, from the total number of sales to the average order value on your mobile & email every day.
SuperCEO will give you REAL-TIME insights into your business no matter where you are. You’ll be able to see your business metrics on your phone, laptop, or desktop. This app is FREE and made for EVERY entrepreneur who has built their store on Shopify!
With the SuperCEO app, you’ll get a detailed visual representation of your business metrics via email every day for free. With just a glance at your phone or computer, you’ll have a pulse of your company’s health and can take the appropriate steps to improve it.
In a nutshell, SuperCEO is your new 24×7 active data scientist that monitors and analyzes every customer’s purchase and provides you with accurate insights & sales metrics.
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Checkout the SuperCEO app here –> https://bit.ly/3cNyzZE