The third element of the triad: conversion is an indicator of the effectiveness of a commercial website. It is shown at the moment the client / visitor performs an action inflicted by a “webmaster”, adding the product to the basket, placing an order, etc.
The conversion rate = Number of goal achievements / Number of unique visitors
Without the conversion, there is no sale. The page may be quoted on the first place by any search engine, can have many visitors, yet none of them buys books, or opts in to the mailing list.
Increasing the conversion is, therefore, a kind of the promotion of sales of the product. In a normal store such operations are in hands of a seller, in our case the seller should be included at the web’s and act as a marketing element (here and there, there is a “popularity,” and the “conversion” is a concrete expression of such a popularity).
From Wikipedia: “In internet marketing, conversion rate is the ratio of visitors who convert casual content views or website visits into desired actions based on subtle or direct requests from marketers, advertisers, and content creators. Successful conversions are interpreted differently by individual marketers, advertisers, and content creators. To online retailers, for example, a successful conversion may constitute the sale of a product to a consumer whose interest in the item was initially sparked by clicking a banner advertisement. To content creators, however, a successful conversion may refer to a membership registration, newsletter subscription, software download, or other activity that occurs due to a subtle or direct request from the content creator for the visitor to take the action. For web sites that seek to generate offline responses, for example telephone calls or foot traffic to a store, measuring conversions can be difficult because a phone call or visitor is not automatically traced to its source, such as the Yellow Pages, website, or referral. Possible solutions include asking each caller or shopper how they heard about the business and using a toll-free number on the website that forwards to the existing line. For web sites where the response occurs on the site itself, a conversion funnelcan be set up in a site’s analytics package to track user behavior. Among the many methods to increase the conversion rate, these are the most relevant:
- Generate user reviews about your products, which can accelerate conversion.
- clear distinction of the website for a certain conversion goal (e.g. “increase sign-ins for newsletter”)
- better content (e.g. text, picture, video) of the website that clearly target versus the conversion goal
- increase usability to reduce the barriers towards the conversion goal and thus reduce the abortion rate
- good site navigation structure to help users find and browse without thinking too much about where to click
- show credibility signs like third-party trust logos and good site design to increase trust level of visitor
- use AIDA (attention, interest, desire, action) to move the user through the conversion funnel “