Five percent? Ten?
Don't know this?
A 5% conversion rate means that for every 20 visitors to your site, 19 visitors leave the website without buying anything.
In order to double the turnover of your website, you should therefore grow to a conversion percentage of 10%. Which comes down to:
2 out of 20 website visitors who make a purchase on your website.
Look at it another way: to double your conversion rate,
For example, you can improve your conversion rate in the following places:
(The figure here is 19%, not 25%, because each percentage growth outweighs past improvements.)
In this example we assume that the number of visitors will remain the same, but this can of course also grow!
Would you like to know more about Conversion Optimization?
Read about it here: What conversion optimization means.
These numbers may sound daunting, but to increase your landing page conversion rate by, say, 19%:
Is just an improvement of 1.76% on ten aspects of your website page enough.
For example, these improvements could be:
By getting a good insight into what your visitors do on your website, where they drop out and when they decide to buy something. Can we think of even better follow-up experiments that could yield something?
With conversion optimization we then test potential improvements, half of the visitors see the old version, and the other half of the visitors see a new version.
If it turns out that the new version shows a difference in purchases or quotation requests, we will implement that change. In order to then work towards an increasingly successful website.
Would you also like to get started with your Conversion Ratio? Schedule a meeting without any obligation to discuss the options for your website.
Conversion Optimization (CRO = Conversion Rate Optimization) is the process of increasing the percentage of users who perform a desired action on a website. Desired actions can be: buying a product, clicking on 'add to cart', registering for a service, filling in a form or clicking on a link. If your conversion rate is 10%, that means that for every 100 visitors to your website, 10 people take the desired action (buy something here).
This section discusses what conversion optimization is and how it can be achieved by using techniques such as A/B testing. You start with conversion optimization by ensuring that your website collects the right data, for example heatmaps are created. With a website heatmap you get insight into where the website visitors click, how far they scroll, what they see and what they don't see.
It helps identify the changes that can be made to improve the conversion rate of a particular web page. You want to know what the pain points of the website are, what works well and where potential customers drop out.
You can then use this data to test changes to the website. With A/B testing you are, as it were, testing a new change to the website on half of your visitors. These can be subtle changes such as changing a button color or changing the layout. But also major changes such as the structure of the website change. The advantage of testing big changes is that the results can be seen much faster.
Because you get a lot of data (such as the conversion ratio of both versions of the website), you can then see whether the changes have resulted in more conversions. If the test was successful and it gives better results, you make the changes and that way you are constantly improving the website.
Optimizing the conversion rate of your website can be done by applying different strategies. Here are some examples:
For the best results, conversion optimization is often a form of improving the user experience by making good use of the data from the A/B tests and heatmaps.
It is difficult to predict how effective a test is going to be, not every experiment is going to produce results. But by working with it you will automatically come across things that do work.
Conversion optimization works best on websites that get quite a few visitors per month, the more visitors you get, the more data you can receive that you can do something with.
For example, if a website gets 2000 visitors per month and the conversion rate is 5%, that would mean 0.05 x 2000 = 100 conversions per month.
For every percentage increase in conversion percentage, in this example that would yield 20 extra conversions per month.
The more visitors a website has, the more revenue the company will lose if they don't already do conversion optimization.
Are you curious about how we do this or are you looking for a conversion specialist? Schedule a meeting to discuss the possibilities!