π KPIs: Key Performance Indicators That Drive Growth π
As entrepreneurs, we know that what gets measured, gets improved.
π Itβs crucial to understand your KPIs in e-commerce! Letβs break down 4 essential ones for operations.
1οΈβ£ COGS (Cost of Goods Sold) as a % of revenue π
2οΈβ£ OPEX (Operating Expenses) as a % of revenue π°
3οΈβ£ Cash Conversion Cycle β³ (How quickly cash flows back into your business)
4οΈβ£ Profit Margins π΅ (A healthy profit margin is a must!)
π₯BONUS: The Holy Grail: CPR (Customer Profit Ratio). This combines:
π‘ 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! π