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The Ecommerce industry is booming across the globe, as the modern consumers are rapidly embracing online shopping as their preferred shopping method and aspiring entrepreneurs are opening new online stores in response. With the industry expected to surpass 4.88 trillion US dollars in market value by 2021, it’s not surprise that business leaders are rushing
Nowadays, consumers prefer to do their shopping online (ecommerce stores) mainly because it’s much simpler and more convenient. For that reason, the online market is overcrowded with various ecommerce stores, as everyone is competing for the online audience and their share of the market. That being said, offering top-quality products is no longer the only
Running an ecommerce business requires a lot of effort and dedication. However, in order to ensure your ecommerce store can achieve success, you have to measure its overall performance and identify the key factors that influence success. These key factors are called key performance indicators or KPIs. In other words, KPIs are metrics that are