E-commerce Glossary · 3 min read
What is Product Performance?
Understanding Product Performance in E-commerce
Quick Definition
Product performance is how well each item in your store turns attention into sales and profit. You track it with per-product numbers like page views, add to cart rate, units sold, revenue and margin. Together they show which products earn their place and which need work.
The Numbers Behind a Single Product
For each product, you'd usually check:
- Views: how often people opened its product page.
- Add to cart rate: adds to cart ÷ product page views × 100.
- Units sold and revenue: how many sold, and for how much.
- Margin: the share of the price you keep after the item's cost.
Views are interest, and adds mean the page and price work. Real earnings only show in sales and margin.
A Linen Shirt vs. a Wool Scarf
One month at a small clothing store:
| Product | Views | Adds to cart | Add to cart rate | Units sold | Revenue |
|---|---|---|---|---|---|
| Linen shirt ($60) | 4,000 | 120 | 3% | 40 | $2,400 |
| Wool scarf ($35) | 600 | 54 | 9% | 30 | $1,050 |
The shirt wins on revenue. Per view, it flips: $2,400 ÷ 4,000 = $0.60 for the shirt, but $1,050 ÷ 600 = $1.75 for the scarf.
The shirt gets lots of looks but few adds, so check its photos, size info or price. The scarf does well with the few who find it and may deserve a better spot.
It's a hint, not proof. The scarf's 600 visitors may already have been keen buyers. With ten times the traffic, its rate could drop.
Finding Product Numbers in Shopify
Shopify Analytics has sales reports by product, like total sales by product, showing units sold and revenue per item. For profit, add a cost per item to each product.
Our app, Growth Suite, tracks which products each visitor views and adds to cart. Its Product Segmentation analytics sort products into groups like Invisibles, Gems and Stars. Our Shopify product performance analytics guide shows how to read these numbers and act on them.
Best Seller or Best Product?
The usual mistake is ranking by sales alone. Sales often follow traffic: an item on your homepage or in ads gets more views, so it can sell more even with a weak page.
Revenue can fool you too. A $60 shirt with a thin margin may leave you less per sale than a $35 scarf with a wide one. And watch small numbers. With 30 views and 3 adds you get a 10% rate, but one add more or less makes it about 13% or 7%.
If most products look like the shirt, the problem may be store-wide. See why a store gets traffic but no sales.
Related Terms
- Add to Cart Rate: how often a visit or view leads to an add.
- Conversion Rate: the share of sessions with an order.
- Product Detail Page (PDP): the page where most views and adds happen.
- Gross Margin: revenue left after the cost of goods, as a percentage.
- Revenue per Visitor (RPV): total revenue ÷ visitors.
Growth Suite for Shopify
Put Product Performance into practice
Ready to apply these concepts to your store? Growth Suite provides the tools you need to implement effective product performance strategies.
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