Preview Mode Links will not work in preview mode

Creative Shop Talk with Wendy Batten

May 17, 2021

I know... nobody wants to talk retail math and numbers. I get it. There are so many numbers we feel like we should be looking at within our business like profit and loss, balance sheets, etc, etc, etc. and we don't quite know where to start.

In this episode, I'm sharing three major (but simple) metrics that you'll want to be able to rattle off at the drop of a hat! These are numbers that I didn't even know existed when I first started running my shop. My shop was busy, we were making money… but I honestly had no clue where it was going. Or how to use these numbers to increase sales. Scary.

Do you know your KPI - Key Performance Indicators? They will help you PLAN FOR PROFITS and growth! It will help you find those little tweaks that will make all the difference in your sales. Here are three you'll want to measure:

  1. Foot Traffic
  2. Conversion Rate
  3. Average Transaction Value (aka as Average Order Value or AOV)

But where do I find these numbers and what do they mean? Why should I care about them? Today we are walking you through all of the processes of HOW to find the math behind your KPI's and why. So grab your coffee and calculator and let's get started!

Did you find this helpful? Do you want more help so you can soar?

Don't miss - my small group coaching course: Retail Made Simple
The doors are open and we start May 31st, this signature course is a four week, small group intensive that will give you access to:

  • weekly group coaching calls with me
  • a private and supportive Facebook community of retail owners
  • and lifetime access so you can review the training when you want.

There are four modules of self-guided, easy, bite-sized trainings and accompanying resources to get your retail business going and growing.

So come to summer camp with me - sign up today and join me!

Grab my FREE retailer’s training and workbook - Retailer’s Game Plan:
Click here my gift to retailers to help you stay on track and be the strongest business you can be - you won’t want to miss it!

Subscribe, Connect & Share Your Favorite Episodes
Thanks for tuning into this week’s episode of the Creative Shop Talk Podcast. If you enjoyed this episode, please head over to Apple Podcasts or Google Podcast to subscribe to the show and leave your honest review. For more great content and helpful tips to grow your creative retail shop, visit our website. Follow us on Facebook and Instagram, subscribe on YouTube, and don’t forget to share your favorite episodes with other creative retailers.