BOSS Word Of The Month - Revenue Per Visit
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Show Notes
Hey Bosses Its Your Podcast Host KeTohn!
Today’s word of the month is RPV
Sales per visit aka RPV. This is concept falls under the category of a KPI – key per, Indic.
A KPI is basically a way to determine how your business is performing.
So the KPI RPV tells you how much money you make per visit.
For example
If you had $100 in sales for one month and 4 people visited your website in that month, your Sales per Visit is $25.00.
So if you are able to get the RIGHT traffic to your website and you want to make $200 next month then you need to make sure you have around 8 visits to your website by the end of the month.
Your results may vary, but this at least gives you a chance to attempt to manage the algorithm when creating your behavioral goals.
For any of you who don’t enjoy math, algorithm is just a fancy way of saying pattern.
Thanks for listening and have a productive day!