Metrics I found interesting
VP of Marketing
put out some metrics I found quite interesting for internet businesses.
1. Average Growth Rate
There is no average growth rate for ecommerce businesses period. Some excel, some do okay and some do terrible. There is no number you can count on.
2. Monthly Revenue
By the sixth month, great ecommerce businesses can reach 600K. This is 329% over most other businesses.
3. Average Order Value
Average order value for top performing ecommerce companies is 36% higher than for anyone else ($102 vs $75).
4. Customer Loyalty
By the end of year 3 a majority of the revenue comes from repeat business.
May your business grow explosively!!