Post by account_disabled on Feb 14, 2024 18:53:24 GMT 14
Although it is one of the most important terms in business, GMV is only mentioned a lot on the show Shark Tank, from which people pay attention and search. And the question arises: What is GMV? What is GMV's role in marketing and impact on e-commerce/technology companies? Let's find out more details with Prodima in this article! What is GMV? GMV is the abbreviation for Gross Merchandise Volume - the term for Total Merchandise Volume. This index helps e-commerce companies or online retailers evaluate business operations more specifically. What is GMV? GMV is the total volume of goods sold by businesses on e-commerce platforms Simply put, GMV is the total value of goods sold in a specific period of time.
This value will be calculated in USD Buying - Selling currency between Albania Telemarketing Data businesses and customers through the website. The time to calculate total GMV is usually calculated on a quarterly or annual basis. In summary: GMV is an indispensable element in a business's business reports. Through that, business owners will provide optimal solutions to promote sales efficiency on e-commerce platforms in a sustainable way. Formula to calculate GMV index We learned about what the GMV index is above. To calculate actual GMV, apply the following formula: GMV = price of a product x total quantity sold of that product For example : If your business sells 100 products at a price of 12 USD/product. The combined GMV index will be: GMV = 12 x 100 = 1200 (USD) => This is the total revenue the company earns after 1 business period.
The importance of GMV in business operations GMV is an important tool in Marketing activities, especially bringing many great benefits to online e-commerce companies today. Specifically: GMV helps businesses calculate the depreciation of fees spent during operations. At the same time, GMV provides a lot of useful information to help businesses measure monthly, quarterly or yearly growth. With GMV, businesses will calculate total sales in cases where they need to accumulate costs from selling goods to calculate the most accurate results, which may include: discounts or returns, delivery, product advertising. Products… Measuring the GMV index for the online retail sector will help businesses have an overview of business performance and understand their revenue.
This value will be calculated in USD Buying - Selling currency between Albania Telemarketing Data businesses and customers through the website. The time to calculate total GMV is usually calculated on a quarterly or annual basis. In summary: GMV is an indispensable element in a business's business reports. Through that, business owners will provide optimal solutions to promote sales efficiency on e-commerce platforms in a sustainable way. Formula to calculate GMV index We learned about what the GMV index is above. To calculate actual GMV, apply the following formula: GMV = price of a product x total quantity sold of that product For example : If your business sells 100 products at a price of 12 USD/product. The combined GMV index will be: GMV = 12 x 100 = 1200 (USD) => This is the total revenue the company earns after 1 business period.
The importance of GMV in business operations GMV is an important tool in Marketing activities, especially bringing many great benefits to online e-commerce companies today. Specifically: GMV helps businesses calculate the depreciation of fees spent during operations. At the same time, GMV provides a lot of useful information to help businesses measure monthly, quarterly or yearly growth. With GMV, businesses will calculate total sales in cases where they need to accumulate costs from selling goods to calculate the most accurate results, which may include: discounts or returns, delivery, product advertising. Products… Measuring the GMV index for the online retail sector will help businesses have an overview of business performance and understand their revenue.