Key Dropshipping Metrics to Track
1. Shopping Cart Abandonment Rate What it is: The shopping cart abandonment rate refers to the percentage of visitors who add products to their shopping carts but do not complete the purchase. Why it matters: High shopping cart abandonment rates can be a significant challenge in the world of e-commerce. For dropshipping businesses, it's essential to understand why potential customers abandon their shopping carts. This metric helps you identify friction points in your sales funnel and implement strategies to recover potentially lost sales. https://www.dsers.com/blog/decrease-cart-abandonment/ How to use it: To reduce shopping cart abandonment, consider the following strategies: Streamline the Checkout Process: Make it as simple as possible for customers to complete their purchases. Minimize the number of steps, and don't force them to create an account before buying. Recover Abandoned Carts: Implement cart abandonment email campaigns. Send automated reminders to customers who l...