🌟 KPIs: Key Performance Indicators That Drive Growth πŸš€

As entrepreneurs, we know that what gets measured, gets improved.
πŸ“ˆ It’s crucial to understand your KPIs in e-commerce! Let’s break down 4 essential ones for operations.

1️⃣ COGS (Cost of Goods Sold) as a % of revenue πŸ“Š

2️⃣ OPEX (Operating Expenses) as a % of revenue πŸ’°

3️⃣ Cash Conversion Cycle ⏳ (How quickly cash flows back into your business)

4️⃣ Profit Margins πŸ’΅ (A healthy profit margin is a must!)

πŸ”₯BONUS: The Holy Grail: CPR (Customer Profit Ratio). This combines:

  • Profit Margin βœ…
  • Customer Lifetime Value ⏳
  • Customer Acquisition Cost πŸ’Έ

πŸ’‘ Pro Tip: Focus on cash flow and cost control, and always aim to increase your profit margins!

Curious about the marketing KPIs? Stay tuned for my next post! πŸ˜‰