All things Shopify and commerce
Hey all,
I think this question is kind of old but gold, and the answers may change over time.
So, what's your top 1 (or top 3) metrics that you look at on your dashboard every day?
Would love to see your answers!
It really depends on the business model, but for most eCommerce stores, the top three daily metrics are Conversion Rate, Average Order Value (AOV), and Customer Acquisition Cost (CAC).
1. Conversion Rate tells you how effectively visitors are turning into paying customers. If it drops suddenly, it’s a sign to check site performance, marketing campaigns, or potential checkout issues.
2. AOV (Average Order Value) helps track revenue efficiency. If it's low, you might need to upsell or bundle products more effectively.
3. CAC (Customer Acquisition Cost) keeps an eye on how much you're spending to acquire each customer. If it’s too high, your ads might not be optimized, or retention strategies need work.
Other key metrics worth monitoring are Cart Abandonment Rate and Repeat Customer Rate, especially if you’re focused on long-term growth and profitability.
hello @Quan-TrueProfit ,
These would be my top 3, starting with conversion rates:
Conversion Rate
Reason: This is the most efficient of all. For example in a case where I have a store with free trials just like your Shopify interest), I would make some changes here to monitor the sign-ups for trials also because it’s the first “conversion” process.
Average order value (AOV)
Reason: With this, I know the value of every customer when they buy something and the reasons are well known. It tells me if I am successful in cross-selling, bundling accessories efficiently or if my pricing strategy is correct. Put side by side with conversion rate, you will easily identify how much money can be made without going after visitors who may turn out to be insincere buyers.
Shopping Cart Abandonment Rate
Reason: This is what happens when people almost convert but then leave – the opposite side of conversions. Given that checkout friction (like high shipping fees, slow page loads) will still slay in 2025, this should be another daily caution sign.
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