WHAT DATA DO I NEED TO RECORD IF I START A DROPSHIPPING BUSINESS?

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 Dropshipping is a new business method that allows entrepreneurs to sell their products to the customers even without keeping the products in stock. The workflow of the dropshipping business is quite simple.

To achieve huge profit in the dropshipping business, there are some customer engagement metrics that you need to track after starting the dropshipping business. The track includes Facebook conversion pixel data and Google Analytics traffic. 

If you are using the main customer acquisition channel for the dropshipping business, then you need to track the above records. By recording the above details, you will get to know about your customers' shopping history that includes the customer's first shopping, the way he/she used it on your site, and more. This record also helps you to improve your business and eliminate things that knock down your business.

The five important data that you need to track to be successful in the e-commerce marketplace are listed below.

1. Cost per acquisition

2. Conversion rate

3. Average order value

4. Customer lifetime value

5. Cart abandonment rate

Always try new opportunities that help you in increasing your dropshipping business. Use the online tools to know the top products that help you in gaining via dropshipping business. 

There are many online websites that help you in running a successful dropshipping business. Some of them are Shopify, Oberio, WooCommerce, Spocket, AutoDS, Dropified, SaleHoo, Chilli-Hunter, Google Analytics, AliDropship, and Zapier. 


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