Stay ahead. Make payroll. Turn a profit.
Track the key metrics for your store so that you make sure you’re on pace for your revenue goals throughout the year.
How to Interpret the Results
You may have established your revenue goals for the year, but do you know how you’re doing each month to meet those?
We’ve put together a quick excel tool to allow you to begin tracking powerful information such as:
Monthly Revenue – The total revenue that you are determined to make from a store over the entire calendar year.
Cost of Goods Sold (COGS) – Your total costs associated with producing your products.
Average order value (AOV) – The average amount for each order placed at your store [AOV = Total Revenue / Total Orders]
Conversion rate – How often a visitor to your store ends up making a purchase [CR% = (Total Orders / Total Visitors) * 100]
Maintained Markup (MMU) – This is your gross profit that was generated by products you’ve sold.