Average Sales Cycle
The average sales cycle is the average time it takes for a prospect to become a customer.
Average Transaction Value (ATV)
The average amount of money spent each time a customer places an order.
Conversion Rate
The number of customers who perform a desired action, such as making a purchase or signing up for a newsletter.
Lifetime Customer Value
The total revenue you can expect from a single customer over the course of their relationship with your business.
Monthly Sales Growth
When it comes to measuring marketing efforts, keeping an eye on monthly sales growth is a crucial step.
New vs. Returning Customers
The comparison between customers who have only made one purchase (“new” customers) and those who have made more than one purchase (“returning” customers).
Sales per Square Foot
This metric provides insights into how effectively a retail business is using its space.