How can I improve my conversion rate?
When a visitor to a website performs a desired action, it’s called a conversion – and if you’re an ecommerce business, you want to turn website visitors into customers. Getting people to your site is only the first step. Even with a ton of traffic, if your website isn’t optimised for conversion, you’ll find it hard to hold customers’ attention and guide them to make that purchase.
In ecommerce, a conversion rate is a form of contextual data used to demonstrate the percentage of website visitors who purchase a product. You can calculate your website’s conversion rate using this formula:
Conversion rate = number of website visitors/number of purchases *100%
Using tools such as Google Analytics, you can track your goal conversion rate. Goal conversion rates can be based on a variety of goals specific to your online store, such as ‘purchases completed’ or ‘newsletter signups’. Tracking your conversion rate can give you valuable insights into customer behaviour on your website, and can allow you to make suitable amends to features on your website so that you can make the most of your traffic.