Register Advertise with usHelp Desk Today's Posts Search

Closed Thread
Thread Tools Search this Thread
Unread 14th Apr 2015, 12:16 AM   #1
Warrior Member
 
Join Date: 2015
Posts: 22
Thanks: 1
Thanked 0 Times in 0 Posts
Default
Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

I am currently working on my product and want to launch it in the coming weeks. I also found facebook to be a decent traffic source (a test add of mine got a 1.6% CTR). But my question to you experts is: how should a sales funnel be performing?

I know that numbers can vary greatly and depend on all sorts of factors, but I'd like to get a general idea. I am currently calculating that 3% of my site visitors will opt-in. I am also expecting about 2% of my future subscribers to actually buy the product on the first occasion (I'm currently ignoring repeat offers and upselling possibilities). The problem with these numbers is that they are not good enough to make my product profitable from the start.

What do your numbers look like? How would you go about to get off to a good start?
wadevanlaius is offline  
Unread 16th Apr 2015, 12:14 AM   #2
Active Warrior
 
seohacker's Avatar
 
Join Date: 2010
Location: PH
Posts: 61
Thanks: 0
Thanked 13 Times in 12 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

Test it first. It would be unfair to compare your site to ours as we may have a totally different product. What I have is a SaaS tool and my conversion rates is a fair 5% with a good onboarding success rate of 56% - it will look entirely different for you. I don't think you'll benefit much from the comparisons. You have to tell us your data, site, problem, product and current onboarding/check-out for us to give you better advise.

Create your Free account at Qeryz. Gather. Analyze. Convert.
seohacker is offline  
Unread 16th Apr 2015, 12:42 AM   #3
Warrior Member
 
Join Date: 2015
Posts: 22
Thanks: 1
Thanked 0 Times in 0 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

I expected as much, seohacker. I was just looking for some kind of orientation. I would like to start off without losing money from the start. To do that, I will currently need an opt-in rate of about 10%, which seems somewhat steep.

I'm currently working on my product nad will have a site up sometime in the next two weeks. Then I will run my first tests.
wadevanlaius is offline  
Unread 16th Apr 2015, 04:49 AM   #4
Warrior Member
 
Join Date: 2015
Posts: 16
Thanks: 0
Thanked 3 Times in 2 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

Here's some ballpark numbers from my own experience:

1. Cold traffic to subscribers: I'll be happy if I could get 15-20%

2. Subscribers to customers: 1-2% for a $50 - $100 product.

Hope this helps.

If you just want to set up a simple split A/B test FAST, and you're frustrated with other A/B testing tools that overwhelm you with hundreds of options, you're gonna love this...

3 Minute Optimizer - Simple A/B split test tool for small businesses who are overwhelmed by technology
Scotty Truong is offline  
The Following 2 Users Say Thank You to Scotty Truong For This Useful Post:
Unread 18th Apr 2015, 10:21 AM   #5
HyperActive Warrior
 
Join Date: 2013
Posts: 327
Thanks: 30
Thanked 161 Times in 71 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

There's no right or wrong number here. As a general rule of thumb, since these are "cold" customers (you have no previous affiliation with them) a conversion rate of 10% to 20% seems fine (at least it would be fine with me). Good luck!
ContentPro22 is offline  
Unread 29th Apr 2015, 03:14 PM   #6
Tyronne Ratcliff
War Room Member
 
tyronne78's Avatar
 
Join Date: 2011
Location: Longview,Texas
Posts: 1,222
Thanks: 439
Thanked 268 Times in 211 Posts
Blog Entries: 143
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

Funnel metrics like click-thru rate,optin-rate,and cost-per-lead are imporant but the one business metric that's the most important of all of them is return on invesment! I like to look at it from that perpective;money in,money out.

tyronne78 is offline  
Unread 30th Apr 2015, 10:04 PM   #7
Advanced Warrior
 
Join Date: 2012
Posts: 642
Thanks: 243
Thanked 195 Times in 127 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

3% site visitors to optin? WTF. Are you using a squeeze page or a content-rich site with an optin box?

An average squeeze page will be around 50% optin rate if you can write a decent headline alongside a great free offer.

The best thing you can do is put yourself out there.
TakenAction is offline  
Unread 1st May 2015, 01:29 PM   #8
HyperActive Warrior
War Room Member
 
myron92's Avatar
 
Join Date: 2010
Location: london
Posts: 108
Thanks: 1
Thanked 29 Times in 19 Posts
Default
Re: Sales Funnel: How many should be buying?
Share on: 
fb share twitter share gplus share more share

try not to look at metrics like opt in rates, as mentioned above the only metric to look for is your ROI , you should aim to at least break even. when driving cold traffic it will be hard to get profitable on the front end, your aim should be to try and acquire a customer at break even and use your back end to make profit

myron92 is offline  
Closed Thread


Bookmarks

Tags
buying, conversion rate, funnel, sales


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT -6. The time now is 07:09 PM.