There are thousands of indicators that can be measured. We are in an age where the flow of information is immense and constant! The Telephone Number List central point is knowing how to choose which indicators to measure. A KPI can be a number or a percentage. If you want to measure how many pages a visitor has viewed on the blog you created for Telephone Number List your business during one visit, you'll have a number (3 pages per visit, for example). The bounce rate of a page on your blog is a percentage, like 70%. What is the Telephone Number List difference between performance indicators and metrics?
This is a very common confusion. KPIs are not the same as metrics, but a metric can become one of the key performance indicators when a Telephone Number List is required. It sounds confusing, but we explain it to you! KPIs are important indicators for your business and your goals, while a metric is just something to measure. If for some reason this metric becomes a Telephone Number List relevant to your strategy, it becomes a key indicator. Understood? The important thing is to understand what can help in decision-making within your company. This is the basic Telephone Number List premise for choosing any KPI and it is how a metric becomes an indicator.
A key performance indicator should be valuable to the business and help you and your superiors make smart decisions. And that brings Telephone Number List us to the next topic! How to choose a good KPI? A KPI must be relevant to your goal. If you want more visits to your blog, keeping track of the average price of your customers' purchases within your e-commerce Telephone Number List is not interesting (not now, at least). The KPIs are intrinsically linked to the objectives for a very simple reason: they are the ones that measure the performance of each of Telephone Number List the objectives. Always remember that wrong indicators show wrong performance.