Conversion rates

by sindhu90 7 replies
Hi,

What are conversion rates and high conversion rates in marketing? Can anyone explain me in brief?

Thanks in advance
#conversion rate optimization #converstion #rates
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  • Profile picture of the author Doan Chi Tin
    For example: If you have 100 visitor to your website/sale page you make 1 sale.

    So your conversation rate is 1%

    I dont want to say too much about high conversation rate.... because my highest is only 2%

    I hope it help you.
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  • Profile picture of the author Deeksha B
    Action/no. of clicks is your conversion rate, for ex: - if you have a website through which you are selling the products and you got 100 clicks and one sale, then your conversion rate will be 1%. You must choose network like admitad; who have a wide range for the publisher who is running good campaigns with high traffic.

    Remember good traffic is essential for high conversion.
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  • Profile picture of the author Olivia Thomas
    If the no. of visitors on your website are 100 and 2 of them complete an action (making sale, filling form, etc.) then your CVR (conversion rate) will be 2%. This image will give you an idea of the average CVR according to your industry type:
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  • Profile picture of the author joncoates89
    The conversion rate is the number of customers who have actually purchased and completed a transaction divided by the total number of website visitors. You can increase those rates by sharpening on your sales skills/ sales funnel knowledge/ split testing/ copy writing/ consistently collecting and studying swipe files from the best and most successful current high conversion pages. So the reason why you want to do all of this is to tip the odds more in your favor, which in turn increases your conversion rates, which in turns increases the amount of cash in your pocket. Does that makes sense?
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  • Profile picture of the author Mitteez
    i agree with Doan Chi Tin .
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  • Profile picture of the author RalphThomas
    Conversion rates are calculated by simply taking the number of conversions and dividing that by the number of total ad clicks that can be tracked to a conversion during the same time period.
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  • Profile picture of the author aiva
    A conversion rate is the number of visitors that take action on your website. Your conversion goal could include capturing leads, engaging social media fans, promoting videos to improve video views & time on page, improving CTR etc. Typically, the average conversion rate is around 2%. Websites are constantly implementing new solutions to optimize their conversion rate which includes creating cool campaigns & AB testing to see what works best. By adopting best practices, businesses increase their conversion by 5x (10%+).

    If you have any questions about CRO and/or website engagement - shoot me a message, I'd love to help!
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