12-02-2023 06:02 PM
Being a trained statistician and entrepreneur I recommend to all bean counters to forget about the following:
*Impressions
*Organic Impressions
*Page Views
*Average Click Thru Rate
*Average Sales Conversion Rate
*Promoted Impressions
*Impressions by Placement
*Top 20 Search Slot Impressions
*Non-Search Impressions
*Organic Views
*External Site Views
*Promoted Listings Views
Focus on Only One Stat:
SALES.....this is the ONLY statistic that can not be Gaslighted
Regards
12-02-2023 07:00 PM
Focus on Only One Stat:
SALES.....this is the ONLY statistic that can not be Gaslighted
Let me refine that statement. The only statistics sellers should concern themselves with are:
a) The number of active listings for identical or equivalent items for sale.
b) The number of sold listings.
That enables you to gauge the supply and demand.
c) Your inventory Evaporation Rate. That is defined as the percentage of your inventory that sold in a period of time.
12-02-2023 07:18 PM
There is an old saying, "ignorance is bliss".
I am here for profit not bliss, statistics, if you understand their meaning can be helpful to reach the goal of profitability.
12-03-2023 03:48 AM
We focus on ROI. If you're hitting your ROI, the rest falls into place.
Data - Without audit abilities there is no way to know if data is valid. Making financial decisions on non-verifiable data collected can be the final nail in any business. Understanding how to analyze data is critical.
12-03-2023 04:11 AM
To quote Mark Twain "There are three kinds of lies: Lies, Damned Lies, and Statistics”
12-03-2023 04:50 AM
ignore everything, even replying messages, listings or even being here at all, just forget everything and on only one stat, being broke 😆
12-03-2023 05:49 AM
Liars Figure and Figures Lie
the sales Box is the Only one that pays the bills!