What Metrics Should Be Monitored to Track Sales Growth?
To effectively track sales growth, entrepreneurs should monitor key metrics such as:
Sales Revenue: The total income from sales over a specific period. Conversion Rate: The percentage of visitors who make a purchase. Customer Acquisition Cost (CAC): The cost of acquiring a new customer. Customer Lifetime Value (CLV): The total revenue expected from a customer over the duration of their relationship with the business. Churn Rate: The percentage of customers who stop purchasing from your business over a specific period.