What is a KPI?
KPI definition: KPI is an acronym for Key Performance Indicator; it is a metric that shows the progress (or lack thereof) for an area of business.
Marketers use KPIs to benchmark the success of their campaigns and test. These will be discussed beforehand and used to determine success.
Common KPIs include:
- Conversion rates
- Engagement rates
- Website traffic
- Product sales
Shopify has launched a YouTube channel. They might set KPIs based on:
- Channel subscriptions
To determine whether YouTube is a worthwhile endeavor.
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Concept related to KPI
Additional resources about KPI
- What is a Key Performance Indicator (KPI)?
- 18 Key Performance Indicator (KPI) Examples Defined
- 27 Examples of Key Performance Indicators