Conversion rate is a metric that measures the number of users who take a desired action, such as making a purchase or signing up for a newsletter, divided by the total number of visitors. It is an important indicator of how effective your content is and can be used to track the success of your website or landing page. To improve your conversion rate, you need to understand the factors that influence it and use web analysis and conversion tracking tools to identify areas for improvement. The conversion rate is calculated by dividing the number of conversions or actions by the total number of visitors.
For example, if you have 100 visitors and 10 of them make a purchase, your conversion rate would be 10%. The average landing page conversion rate across industries is 2.35%, according to WordStream. There are several factors that can influence your conversion rate, such as the design of your user interface, the quality of your content, and the effectiveness of your marketing efforts. To sustainably improve your conversion rate, you need to analyze these factors and identify areas for improvement.
For example, if you want to increase sales, you may need to optimize your website for mobile devices or create more engaging content. In addition, it's important to track your conversion rate over time to ensure that any changes you make are having a positive effect. You should also be aware that there may be unpredictable fluctuations in the market that can affect your conversion rate figures if the entire measurement period is not given enough time to balance out. Finally, it's important to remember that conversions don't have to be sales; they can be any key performance indicator (KPI) that's important to your company.
By understanding what drives conversions and using web analysis and conversion tracking tools, you can convert more visitors into customers and increase your conversion rate.