How do we measure the growth of E-Commerce activities ?
How do we measure the growth of E-Commerce activities ?
Hello,
E-commerce is growing by leap and bond every year. The use of social media and shopping on site is increasing every day. E-commerce is contributing a healthy percent of the economy in European countries.
The global Internet users carry a survey before purchasing a product online. There is healthy competition in attracting users on social media and search engines. Maintaining an existing customer is easy than attracting a new one by offering him incentives.
Today’s life daily activities like shopping, food ordering takes place by a button click on smartphones. Hence online shopping by mobile phones will increase in the coming time. The development of online business takes by use of social media and content writing. Nowadays books and music are in basic demand for online sites. There is a need to encourage digital payments for further increase in the subject.
I hope this will help you
E-commerce is a broad area of online marketing. E-commerce increases your brand exposure in a short time. Nowadays more people use smartphones and order more products online that comes under the E-commerce process. On E-commerce platforms, you have more options to see your desirable things.
Cost Per Acquisition (CPA) – Ad Spend / Orders. ...
Revenue Per Click (RPC) ...
Average Order Volume. ...
Customer Lifetime Value. ...
Add To Cart Ratio. ...
Brand Name Search. ...
Cart Abandonment Rate. ...
Subscriber Growth Rate.
E-commerce has become popular in the everyday lives of individuals with profound advantages.*****The e-Commerce market is likely to grow in a rapid way across the world. And some measures to identify the growth of e-commerce are CPA, RPC, customer lifetime value, company name search, SGR and customer retention rate. E-commerce website promotion is an important part here. It requires attention and constant performance analysis. To get more knowledge on improving your website performance, visit https://www.authorbench.com/post/top...uccess-in-2020.
When it comes to eCommerce growth, knowing your numbers is key. Tracking your eCommerce metrics over time is the only way to optimize your conversions and your budget. It’s also the only way you can track your eCommerce growth over time.
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