The second Web metric category is
conversion rate. A simple definition of conversion rate is the percentage of visitors to
your website that complete a desired goal out of the total number of visitors. If
you want your website to be effective and convert as many people as possible,
you need to pay attention to the conversion rate and analyze your pages on a
regular basis (Talley, 2020). A
high conversion rate is a great indicator of marketing success and web design
and it demonstrates that people want what you are offering, and they are
buying. A basic question may be what is a good conversion rate? A summary of
many industries finds the average landing page conversion rate about 2.5% with
top performers coming in at over 5.3%. The top 10% in conversion rate are
average 11.45 and above (What’s a Good Conversion Rate? (It’s Higher
Than You Think), 2020).
Google Analytics is not surprisingly used as the standard reference states that
sales transactions are divided by visits. In other words, a ratio of one
transaction to every ten sessions would be expressed as an Ecommerce Conversion
Rate of 10% (Chaffey, 2021). Conversion rates are great measuring stick
for your website’s landing page. If you do not have a high conversion rate
across your website, then your site probably is not providing a user experience
that encourages conversions.
These should matter
to marketing managers because
they should go look beyond conversion rates to segment conversion by different
types of visitor to get a better measure for their purposes (Dowhan, 2018).
Desktop computers still lead over mobile phone devices in conversion rate and
can be split out from the numbers, but it still comes down to overall
conversions. Another part of conversion rate is by what channel are visitors
coming to your website such as, direct, email, organic search, paid search,
referral, social, and display (social and display show much lower rates than
the others (Lauckner, 2020). Heatmap tools such as Hotjar and
Crazyleg can provide you with data or maps of what users are interacting with
the most on your website. Coupled with web traffic analytics from Google
Analytics, you can see which pages on your site are working and what ones need
work. Armed with that knowledge, you can start tweaking elements on those pages
one at a time to make them more effective (Pickell, 2019). Edit and test one
page element at a time is the best way to get the clearest results and data. It
is suggested to take it slow and over time, you will see measurable results in
your overall conversion rate. At the bottom-of-funnel, the conversion rate
would be the customer (Kaushik, 2010). By optimizing for conversions at every
phase of the buyer’s browsing, you can maximize your website’s potential and
help shorten your sales cycle. If you notice your landing page has a high
bounce rate, meaning users quickly leave it without taking any action, then you
may need to adjust the content on the page to make it more relevant (Crestodina,
2016). You may also need to adjust the audience you are reaching if you are
using the landing page in a digital ad campaign (SEO Trade News, 2019). There
are many different measures to gauge the conversion rates of your landing page
and by monitoring these measures and adjusting your landing page, you can
improve your conversion rate.
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