Let me do the dirty work. I am analyzing stats and data and will share with you weekly, monthly and quarterly statistics.
These are some of the items I am watching- (comment if there is another area we should be looking at!):
- How Many Items Sold Per Platform
- ASP (Per item)
- Method of Sale (Full Price, Offer from customer, Offer to customer, etc)
- Brand of Item & Item Category
- How many new Watchers/Followers/Likes, etc
- New Listings Added
- Promotional Activities Conducted (Sharing, Pay-to-Promote, etc)
There are reasons I am watching these items mentioned. The obvious ones – how many sold, ASP, etc- are important as they fall to our bottom line of profit. Other items- the ones that are activity based- I am watching to see how active the community is and how much exposure I am getting. Certain trends can lead me to adjust prices, or create more exposure for my stores.
Watch for the detailed weekly recaps on Monday’s, although this will depend on life happenings of course!
Monthly recaps will happen the first week following the end of the month.
Quarterly recaps will be up within 1-2 weeks after the completion of the Q.
I will also bring over some data from these platforms directly & hopefully bring on some guests to share their wisdom also.
Be sure to follow along & share your insights along the way too. The reseller community is known for their helpfulness, transparency and support of one another- let’s keep that going in 2020.
Let me know in the comments if there are other items you’d like me to monitor.
Have a safe & happy New Year’s Eve!