Optimising Conversion Rates: Is Your Site Performing Well?
A conversion refers to the point where the target audience responds to a marketing message by performing the desired action. This could be any action from signing up to a newsletter, or downloading an app, contacting your business or purchasing your product.
Encouraging a visitor to sign up to your newsletter, for example, opens a means of brand building for your business. This engagement can either motivate your potential customer to eventually buy your product or put you at the top of their list when the time to purchase arrives.
Conversion Funnel: The Path to Conversion
Conversion is not achieved with a single call-to-action causing site visitors to click a download button or checkout button. It involves guiding your visitors into taking steps along a pathway referred to as the conversion funnel.
On e-commerce sites, for example, the conversion funnel starts with the home page, moves to the product page, moves to the shopping cart page and ends with the checkout page. Many times, a visitor leaves the site before going through all the steps in the funnel.