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:

ProductViewsAdds to cartAdd to cart rateUnits soldRevenue
Linen shirt ($60)4,0001203%40$2,400
Wool scarf ($35)600549%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

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.

Explore more

Resources

All resources
Shopify Upselling & Cross-Selling - Growth Suite

Topic ·9 min read

Shopify Upselling & Cross-Selling

Most Shopify stores leave 10-30% of revenue on the table because they do not upsell or cross-sell effectively. This...

Shopify Countdown Timer - Growth Suite

Topic ·4 min read

Shopify Countdown Timer

Adding a timer takes 5 minutes. Making it convert without destroying trust? That's strategy. The complete guide to...

Shopify Cart Abandonment - Growth Suite

Topic ·3 min read

Shopify Cart Abandonment

70% of Shopify carts are abandoned. Learn why customers leave, how to prevent abandonment in real-time, and recover...

Shopify Discount - Growth Suite

Topic ·3 min read

Shopify Discount

Master Shopify discounts without sacrificing your profit margins. Learn strategic discount techniques, timing...