Profitability is a crucial ecommerce metric for businesses of all sizes, as it is a key indicator of a company’s financial health and success. It measures how efficiently a business generates profits, controls expenses, and achieves long-term sustainability.
A profitable company can expand its operations, invest in new technology, and increase its market share.
Understanding what is profitability, what factors influence it, and how you can measure it can help you develop better strategies to become more profitable. Let’s find out how to boost your profitability and stay ahead of the competition.