This article is for Duplicate Product method. (Don't know which price test method you are using? Check out this section below)
This guide explains the metrics you can find in the analytics dashboard when running a price test with duplicate product method. It will help you understand how views, conversions, and profits are defined so you can confidently evaluate test results.
Metrics explained
Total views
Metric | Definition | Formula |
Total Views (Product Based) |
|
|
Conversion rates
Metric | Definition | Formula |
Add to cart |
| # of Add to Cart Events / # of Views |
Checkout |
| # of Checkout Events / # of Views |
Order |
| # of Orders / # of Views |
Average metrics
Metric | Definition | Formula |
Average order product value |
| Total revenue of all test products / # of order events |
Profit per product view |
| Total Profit / # of Views |
Breakdown table
Metric | Definition | Formula |
Views | Total number of product page views for the test group |
|
Cost | Cost for each variant, shown at Display > Variant level |
|
Add To Carts | Total number of add to cart events for the test group |
|
Checkouts | Total number of checkout events for the test group |
|
Orders | Total number of order events for the test group |
|
Revenue | Total revenue generated by test products for the test group | Revenue = Total product value + Shipping - Discount - Tax |
Product Sold | Total quantity of test products sold for the test group |
|
Ad Spent | Total advertising spend attributed to the test group |
|
ROAS | Revenue generated divided by ad spend | ROAS = Revenue / Ad Spend |
Profits | Total revenue from test products minus cost of goods sold (COGS), based on Shopify COG data and product quantities | Profit = Total Revenue - (COGS × Quantity Sold) |
Profit Margin (%) | Profit as a percentage of revenue | Profit Margin = (Profit / Revenue) × 100 |
Average Order (Product) Value | Average revenue per order (across all test products) | AOV = Revenue / Number of Orders |
Conversion Rate | Percentage of views that led to an order | Orders / Views |
Revenue per visitor (view) | Average revenue per product view | Revenue / Views |
Profit per visitor (view) | Average profit per product view | Profit / Views |
FAQs
Can one user trigger multiple view or conversion events?
A user can trigger multiple events if they view or interact with multiple test products or return in a new session. However, each event is counted once per product per session.What happens if a user adds the same product to the cart multiple times?
The "Add to Cart" event is only recorded once per product per session, regardless of quantity.Why is the order count sometimes higher than add to carts/checkouts?
Check out this article: Why Are Order Counts Higher Than Checkout Events?How is profit calculated when there are discounts or taxes involved?
Profit is based on final revenue (after discounts and taxes) minus the cost of goods sold.
How to get my price testing method
In ABConvert > Settings > Price Test Method, you can see the price test method your store is currently using
You can read more about price testing methods in the following articles: