What "Product Performance" Actually Means on Shopify

Most people say "how's the product doing" and mean "how many units sold." That's not product performance. It's just a sales count, and it hides more than it reveals.

Real product performance for Shopify brands is a blend: conversion rate at the SKU level, average order value, repeat purchase rate, and margin after everything's been subtracted. Not total revenue. Not even units moved.