How much revenue am I losing to abandonment monthly?

I've been running my Shopify store for two years now, and something's been gnawing at me: the massive gap between my site traffic and actual sales. Every month, I look at my analytics and see thousands of visitors, but only a fraction converting. It's like watching potential revenue slip through my fingers. I'm spending significant money on Meta ads, driving traffic that seemingly vanishes into thin air. My add-to-cart rates look decent, but checkout completion? Abysmal. I've calculated that for every 100 visitors, maybe 3-4 actually purchase. The rest? They browse, they add items, but then... nothing. This isn't just frustrating; it's financially devastating. If my average order value is $85 and I'm losing 95% of potential buyers, that's potentially $8,075 in lost revenue per 1,000 visitors. I know cart abandonment is an industry-wide challenge, but knowing that doesn't make it hurt less. I need a systematic way to understand exactly how much money I'm losing and, more importantly, a strategy to recover those almost-sales. It's not just about tracking the problem—it's about having a precise, data-driven approach to turning those abandoned carts into completed purchases.