Title: Important business metrics to follow in the online shopping app development [Print this page] Author: Natsha Time: 2021-1-30 17:27 Title: Important business metrics to follow in the online shopping app development The shortcut to attain success rests with us! Our shopping app development script specially designed for e-commerce business showcases a horde of real-time features that are mounted on a powerful back-end. Our white-label shopping app development is all set to pour in multiple benefits to you!
Author: Riven89 Time: 2024-5-30 18:04
Your shopping app development script sounds impressive, especially with its real-time features and robust back-end. For any e-commerce business looking to create a shopping app, this white-label solution seems like a game-changer with numerous benefits.Author: sofia20 Time: 2024-8-21 16:35
In online shopping app development, tracking key business metrics is crucial for success. Key metrics include:
User Acquisition Cost (UAC): Measures the cost to acquire a new user, helping gauge marketing efficiency.
Customer Lifetime Value (CLV): Estimates the total revenue a customer will generate during their engagement, guiding investment in user retention.
Conversion Rate: Tracks the percentage of visitors who make a purchase, reflecting the app’s effectiveness in driving sales.
Average Order Value (AOV): Calculates the average spend per transaction, useful for assessing revenue potential.
Churn Rate: Indicates the percentage of users who stop using the app, highlighting areas for improvement in user satisfaction.
Daily/Monthly Active Users (DAU/MAU): Measures user engagement and retention over time.
Monitoring these metrics helps optimize app performance, enhance user experience, and drive growth.
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