{"id":108448,"date":"2023-07-14T12:53:10","date_gmt":"2023-07-14T16:53:10","guid":{"rendered":"https:\/\/www.drift.com\/?page_id=108448"},"modified":"2023-07-14T12:53:10","modified_gmt":"2023-07-14T16:53:10","slug":"conversion-rate-optimization","status":"publish","type":"page","link":"https:\/\/www.drift.com\/conversion-rate-optimization\/","title":{"rendered":"Conversion Rate Optimization"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":339,"featured_media":109132,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template-components.php","meta":{"inline_featured_image":false},"acf":{"internal_page_name":"","custom_css_file_name":"","include_intellimize":[],"include_intellimize_async":false,"inject_into_header":"","disable_drift_bot":false,"cta":{"link":"","button_style":"cyan","link_wistia_id":"","link_two":"","button_style_two":"cyan","link_two_wistia_id":""},"background_color":"","image":{"image":false,"wistia_video_id":"","background_color":"","background_image":false},"add_brand_icon":"","layout_options":{"top_border":"","bottom_border":"","desktop":{"add_top_margin":false,"add_bottom_margin":false,"remove_top_padding":false,"remove_bottom_padding":false},"mobile":{"add_top_margin":false,"add_bottom_margin":false,"remove_top_padding":false,"remove_bottom_padding":false}},"disable_image_lazy_loading":false,"components":[{"acf_fc_layout":"m3_hero_l3","logo":false,"eyebrow":"","title":"Conversion Rate Optimization","content":"","author_details":{"image":false,"name":"","date":""},"cta":{"link":"","button_style":"cyan","link_wistia_id":"","link_two":"","button_style_two":"cyan","link_two_wistia_id":""},"drift_playbook_id":"","image":{"image":109134,"wistia_video_id":"","background_color":"","background_image":"https:\/\/www.drift.com\/wp-content\/uploads\/2023\/07\/Conversion-Rate-Optimization-hero-grain.png"},"display_content_on_right":false,"disable_image_lazy_loading":false,"add_brand_icon":"","layout_options":{"top_border":"","bottom_border":"","desktop":{"add_top_margin":false,"add_bottom_margin":false,"remove_top_padding":false,"remove_bottom_padding":false},"mobile":{"add_top_margin":false,"add_bottom_margin":false,"remove_top_padding":false,"remove_bottom_padding":false}}},{"acf_fc_layout":"m37_wysiwyg","content":"

What Is Conversion Rate Optimization?<\/h2>\n

Conversion rate optimization (CRO) is the process of increasing the percentage of visitors who complete a desired action on your website. Through optimization experiments like swapping out messaging and adjusting the user experience, CRO encourages more of your visitors to take the actions you want them to take.<\/p>\n

While this might sound hard, expensive, and technical, CRO really comes down to one thing: having a deep understanding of your buyers. It involves addressing your buyers\u2019 concerns, showing them you truly understand their problems, and then making it clear how your solution eliminates those problems.<\/p>\n

CRO is all about being authentic \u2014 the last thing you want is to implement questionable tactics just to get people to click on a link. That\u2019s why, when done well, CRO helps improve your brand image and gain your buyers\u2019 trust.<\/p>\n

All that said, you can\u2019t optimize your conversion rate without knowing what your conversion rate is right now. Here\u2019s how you can find out \ud83d\udc47<\/p>\n

How to Calculate Conversion Rate<\/h2>\n

A conversion rate is the percentage of visitors who take a specific action on your site, like signing up for a demo, filling out a contact form, or completing a purchase.<\/p>\n

To calculate your conversion rate, divide the number of conversions for a certain time period by the total number of visitors for the same time period. Then multiply that amount by 100 to get a percentage.<\/p>\n

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You can use this formula to calculate the conversion rate of all kinds of actions that site visitors can take on your website \u2014 whether it\u2019s downloading a piece of content, requesting a free trial, submitting their email address, or anything else.<\/p>\n

What Is a Good Conversion Rate?<\/h3>\n

How do you know if your website conversion rates are decent or if you’re in need of some major improvements? Well, the answer depends on your industry.<\/p>\n

According to WordStream<\/a>, the benchmark for ecommerce companies is 3%, but B2B companies should aim for at least 4%. Meanwhile, finance and other professional services companies should hope to see a conversion rate of at least 11% on their websites.<\/p>\n

Service providers, software companies, and businesses offering high-priced products typically need much higher conversion rates because they drive less traffic. So, if you fall into one of these categories, the focus should not only be on conversion rate optimization but also on driving higher quality traffic that will be more likely to convert.<\/p>\n

What Is an Average Conversion Rate?<\/h3>\n

The average conversion rate for landing pages across all industries is 2.35%, according to WordStream<\/a>.<\/p>\n

But if you want to go beyond average and land your content in the top 25th percentile, then you’ll need to achieve a conversion rate of 5.31%. That’s doable but only with a combination of CRO, targeted traffic sources, and (of course) a great offer.<\/p>\n

Keep in mind though that conversion rates vary widely based on the action that qualifies as a conversion. For instance, you should expect to see a higher conversion rate with targeted ads to a free resource compared to cold traffic to a blog post. So, set your conversion rate expectations accordingly before you start optimizing.<\/p>\n

The Benefits of Conversion Rate Optimization<\/h2>\n

With all the talk around what makes a good conversion rate, you may be wondering: Why is conversion rate optimization so important for marketers?<\/p>\n

The short answer? CRO offers up massive benefits without putting a strain on your team or budget.<\/p>\n

First, CRO is about tapping into your existing website traffic \u2014 getting more site visitors to do what you want them to do \u2014 which means making the most of the campaigns you\u2019re already running. As a result, you can start converting more traffic at virtually no cost.<\/p>\n

Second, as you work on optimizing your conversion rate, you\u2019re able to gain valuable insights into your site visitors and what gets them to take action. With this information, you can improve on your website experience (and even entire marketing campaigns) so that you better meet your visitors\u2019 needs \u2014 be it simplifying user flows, delivering more tailored messaging, or enabling visitors to interact with you on their own terms.<\/p>\n

All in all, conversion rate optimization can help boost the ROI of your marketing campaigns, lower your cost per lead, and increase your average customer lifetime value. And the best part is that these big rewards come from small, incremental conversion uplifts \u2014 multiplied across your website and channels.<\/p>\n

Want to find out how much money you\u2019re leaving on the table with your website conversions? Check out our conversion rate calculator<\/a>.<\/em><\/p>\n

Where to Optimize Your Website with CRO<\/h2>\n

While there are a few different areas on your website that can be optimized, to drive the most value, start by looking at the pages that receive the most traffic or high-intent website pages<\/a>. Here are some key places to give CRO its due attention:<\/p>\n

Home Page<\/h3>\n

Your home page is your virtual front door \u2014 it\u2019s the first place visitors go when researching your company. This means you only have a few moments to capture your visitor\u2019s attention, which is why it\u2019s important that your home page is geared for conversions.<\/p>\n

One way you can improve the conversion rate of this page is with a powerful headline. With the right headline, you\u2019ll instantly be able to speak to your site visitors\u2019 needs while also telling them exactly how your business can help them.<\/p>\n

You can also try combining \u201cdate\u201d and \u201cmarry\u201d CTAs (i.e. a small ask and a big ask) that speak to different buying stages. If a visitor is just getting to know you, they\u2019ll be more interested in watching a video or signing up for a newsletter. But repeat visitors who are later in the sales cycle may be ready to book a demo or even make a purchase. Be sure to cater to both types of visitors \u2014 after all, you don\u2019t want to propose to someone you just met.<\/p>\n

Finally, your home page is a great place to start conversations. By adding a catch-all chatbot on your home page, you can instantly connect with all site visitors, automatically answer questions, and connect qualified leads to sales reps quickly. This also makes it easy to tailor your asks to different site visitors based on their unique needs and interests.<\/p>\n

High-Intent Pages<\/h3>\n

When someone visits your product, pricing, or demo pages, they are there because they\u2019re serious about purchasing your solution.<\/p>\n

How can you encourage them to take the next step?<\/p>\n

On these pages, the last thing you want to do is mislead your visitors. So, keep the copy simple, lean on images and videos to show what your product looks like in action, and be as transparent as possible. One way you can help site visitors take the leap is to give them a direct line to your business with a chatbot that can provide pricing and product information, as well as connect them to your sales team when they\u2019re ready to chat.<\/p>\n

It\u2019s also a good idea to include positive reviews and customer testimonials on these pages for social proof. And if your solution has been featured in any major publications, make sure to add those reviews as well.<\/p>\n

Landing Pages<\/h3>\n

Optimizing your landing pages for conversions is a given. After all, these pages are built for visitors to take a specific action \u2014 which means, when they\u2019re done right, they can have a dramatic effect on your conversion rates.<\/p>\n

So, what makes a high-converting landing page? Generally, you want to focus on using action-oriented language, clearly describe the value of what you\u2019re offering, and keep your messaging concise. Run strategic A\/B tests on your landing pages to find the right copy, layout, and design that drive conversions.<\/p>\n

You can also leverage conversational landing pages<\/a> to better engage site visitors while they\u2019re browsing your content. For example, our Book of Hooks<\/a> landing page allows visitors to have ask questions about the content they\u2019re consuming and even book a meeting with sales \u2014 all on the same page.<\/p>\n

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Paid Social and PPC Ads<\/h3>\n

A disjointed experience leads to a high bounce rate. And there\u2019s nothing more disjointed than clicking on an ad, only to be directed to a generic landing page.<\/p>\n

That\u2019s why maintaining a strong connection between the messaging in your ad and on your landing page is key to increasing conversions. A strong message match reassures visitors they\u2019ve come to the right place.<\/p>\n

To drive more conversions from your ads, craft compelling copy that includes relevant keywords and search queries. Long-tail keywords work especially well for paid ads since these keywords are often used by searchers who are later in the buying cycle and are therefore more likely to convert.<\/p>\n

Blog<\/h3>\n

Your blog is another place where there\u2019s ample opportunity to increase conversions. The easiest way you can do this is by making sure the CTAs on your blog posts are relevant to your content. By doing this, you can ensure you\u2019re delivering resources and driving interactions that speak to the visitor\u2019s interests.<\/p>\n

You can also add multiple CTAs to individual blog posts, including text-based and banner CTAs, to increase the opportunity for interactions.<\/p>\n

Conversion Rate Optimization Strategies<\/h2>\n

Conversion rate optimization is not about tricking people to click on your CTAs or sign up for your services. Your buyers are smart and they\u2019ll know a gimmick when they see one.<\/p>\n

Instead, it\u2019s about treating your customers like royalty and truly solving their needs at every stage of the customer journey. Follow these strategies to start increasing your website\u2019s conversion rates and driving meaningful results.<\/p>\n

Conduct a Conversion Rate Optimization Audit<\/h3>\n

The first step to optimizing your conversion rate is to put yourself in your customer\u2019s shoes \u2014 to understand how customers are engaging with your website and what drives them to take action. That\u2019s where CRO audits come in.<\/p>\n

Conduct CRO audits on the pages with the most traffic, high-intent pages, or pages with high bounce rates. The pages you audit should be directly related to your conversion goal, whether that\u2019s more demos booked, more webinar sign-ups, or anything else.<\/p>\n

During the audit, having one goal will help you take practical steps to address any problems. So, for example, you might run an audit on one of your product pages to find out why site visitors are dropping off without converting. Once you have that goal in mind, collect and analyze website performance data like:<\/p>\n