You might be thinking: isn't that just a metric? Not every metric is a KPI, but every KPI is a metric. There are a ton of different metrics to choose from, but some are more important than others when it comes to your business goals. Those are your KPIs, because they directly ...
When it comes to showing you how your performance compares to others, here is what it might look like for the metric Average Session Duration: And here is an example of an open group you could join: And this is just a fraction of what you’ll get. With Databox Benchmarks, you will...
These are used to measure the quantifiable change in a metric or measure. An example would be, “X% increase in sales.” It adds a change measure to a quantifiable target and is usually measured as a percentage increase in a given period of time. The more specific change measures are, ...
To make your KPI report stand out, you have to go beyond simply turning your KPIs into charts and collecting them in a document. Follow these tips to create reports that are both informative and eye-catching. 1. Add context to each KPI. A single metric in your report doesn’t tell the...
Team members fall short of meeting their revenue goals, even while the Number of Website Sessions metric rises. Senior executives at KanineKuisine decide to change their company-wide goals and KPIs to reflect SMART principles. This time the company and its teams use sharply-focused goals and KPI...
Every platform speaks a different language, so finding the story within all that noise takes patience. On top of that, clients often want a single “magic number” that’ll tell them everything, and, as we know, there’s no one metric that does it all. ...
While a KPI can be a metric, not every metric is a KPI. This is because KPIs track progress toward a specific goal. A KPI is asignificantmeasure of performance. When your team selects a KPI, they commit to a specific metric and how meeting that goal can lead to business growth. KPIs...
While it might seem like a straightforward metric, the total order hides a lot of insights that can be discovered with the right analytics software. For example, you can understand rush periods when your clients are buying the most and target them with promotions or discounts to motivate them ...
This metric reflects how effectively your business creates a positive first impression and encourages new visitors to engage with your services. Why you should track it: First impressions are everything. A new client’s initial experience with your business, whether in person or through your web...
However, GRR's emphasis on existing customer revenue makes it an essential metric for assessing the efficiency of customer retention strategies. These insights are invaluable for a company’s financial well-being and assist with forecasting and resource allocation. Revenue retention metrics also clarify...