Warrior Forum - The #1 Digital Marketing Forum & Marketplace

Warrior Forum - The #1 Digital Marketing Forum & Marketplace (https://www.warriorforum.com/)
-   Conversion Rate Optimization (https://www.warriorforum.com/conversion-rate-optimization/)
-   -   Why to hire a conversion rate optimisation service? (https://www.warriorforum.com/conversion-rate-optimization/1119981-why-hire-conversion-rate-optimisation-service.html)

nehashri 8th October 2015 06:05 AM

Why to hire a conversion rate optimisation service?
 
Why hire a conversion rate optimisation service?
Conversion rate optimisation service delivers significantly higher profits and greater ROI than SEO, SMM, PPC advertising is it true?

The Cypher 8th October 2015 06:49 AM

Re: Why to hire a conversion rate optimisation service?
 
The answer to your question is Yes, No and Maybe.

The bigger your company is the better results you're looking to get using a CRO team or hiring a consultant.Imagine these two situations, assuming that the CRO team can boost results by 100% overall.

Situation 1:
$10 FE Offer
2% Conversion
50 Visitors/Day

Before CRO: $10/Day Revenue
After CRO: $20/Day Revenue

Situation 2:
$10 FE Offer
2% Conversion
500 Visitors/Day

Before CRO: $100/Day Revenue
After CRO: $200/Day Revenue


In *most* cases, when you're starting out it's far easier to dedicate funds to traffic, versus working with a CRO team. However, if you're business isn't picking up momentum, a GOOD CRO team can turn things around tenfold.

addyonline 15th October 2015 12:25 AM

Re: Why to hire a conversion rate optimisation service?
 
Generally people will hire a CRO specialist when they're getting traffic to their website, but not converting that traffic into sales. It makes sense right?

But to be honest, even if you are already getting traffic and sales, it still pays off to invest in CRO, because you'll likely increase your conversions and revenue. Let me give you a super basic example.

You have a business website selling fancy dog collars for $40 each.
You have 100 visitors a day to your website for which you pay $200 to Google Adwords.
On average, 10 people per day purchase on your website. (10%).

Revenue: $40 x 10 = $400
Adwords Expenditure: $200
Profit: $400 - $200 = $200

You hire a CRO expert and pay him $900 to work on your site for 20hrs. He makes a few tweaks to your website, visually, functionality wise and also potentially in your checkout and sales funnel. He's an expert in his field and he increases your Conversion Rate by 5%. Meaning you now sell 15 dog collars a day.

Revenue: $40 x 15 = $600
Adwords Expenditure: $200
Profit: $600 - $200 = $400

In this particular scenario you'll make up the $900 you spent on a CRO specialist within 5 days.

Obviously just an example, but I have seen some amazing CRO case studies. If you can find an expert and you're already getting traffic to your website, it's definitely a worthwhile investment.

Let me know if you have any questions.

Good luck,
Adam.


All times are GMT -6. The time now is 08:07 PM.