on Etsy listings when I started listing my Monster Bags under Geekery
instead of Purses. That strategy is still working decently. I've had
more online sales in the past month than I had in the previous three
months. That's going well -- knock on wood -- and makes me more
committed to online sales channel.
But I've noticed something else that is perplexing. As a part of my
quest for enlightenment, I've been reading Etsy's Storque articles for
ideas on how to do a better job with my online store. JJM Finance has
written several (probably self-serving) articles about using hearts
and views to project sales
(http://www.etsy.com/storque/how-to/the-numbers-game-ratios-and-your-shops-popularity-2146/)
So, I've been checking my hearts and views pretty often, using this
Heart-o-matic tool:
http://www.craftcult.com/heartsitems.php?userid=artsibitsi&submit=Submit.
JJM Finance says that I should be looking at the ratio of hearts to
views. There's a golden proportion that will let me know when I'm
about to have a sale. For example, he says that for his shop, "my
heart-to-sale ratio has consistently been around 3".
After spending a good 45 minutes pulling down data and wrestling with
it in a spreadsheet, I have this.
Over the last five months, my
hearts-to-sale ratio has averaged about 4.65. The low point was in
September where I had 20 hearts and only one sale. But that was
rapidly followed by a few weeks where my ratio was really good, like 2
hearts per sale. And now for the last month or so, it's been closer
to 4 or 5 hearts per sale.
:-)
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