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Topic

eCommerce

Here we share some broader advice on eCommerce and how you can grow your store with Metorik.

Acronym Academy: COGS
Eric Berkhinfand Eric Berkhinfand

Acronym Academy: COGS

COGS (cost of goods sold) is an important figure to look at when evaluating the profitability of your products and your business. Today we look at what it is and how you can better use it in your WooCommerce or Shopify store.

Acronym Academy: LTV
Eric Berkhinfand Eric Berkhinfand

Acronym Academy: LTV

Customer LTV, or just LTV for short, is a valuable metric for understanding how much a customer is actually worth to your business. LTV will tell you how much dollar value you should expect from every new customer — and knowing how to derive and use it is fundamental running to a successful eCommerce store.