Learn the common ecommerce terms and acronyms.
The shopping cart abandonment rate is a metric that reviews the percentage of online shoppers who add an item to a cart or bag without buying those items.
Stock Keeping Units, or SKUs, are alphanumeric codes that retailers assign to track products. The information helps them identify specific inventory items, measure sales, and promote more efficient shopping experiences.
The conversion rate is the percentage of your total website traffic that purchases from your store.
Customer Lifetime Value (CLV) represents the total funds a consumer spends at a business for products and services without any specific time measurements restricting the data.
Advertising Cost of Sale (ACoS) is a common Amazon metric that reflects the actual expense of generating revenues from customer transactions due to advertising.
ASIN is an acronym that stands for “Amazon Standard Identification Number.” When you visit a product page on Amazon’s website, the URL contains this 10-character number.
A Universal Product Code (UPC) is a graphic and numerical code printed on retail packages and is often referred to as a barcode. It helps identify specific items with a machine-readable barcode and a unique 12-digit number underneath the black bars.
Average Order Value (AOV) refers to the median total of every order a merchant receives during a defined period.