The importance of understanding your web site conversion rate
There are many web sites out there that don’t accurately track visitors.
I think there is an apathy about tracking visitors - perhaps it appears harder than it actually is.
The reality is simple. If you are not tracking the visitors to your web site you have no way of determining how successful your web site is.
This means that you could be spending money on web site enhancements without the justification of knowing you will get a return on the investment.
I liken it to a Yellow Pages advert. Alot of companies have adverts and virtually no one measures the success of the advert.
There is a perception that it works and this gives a false justification to continue spending year after year. If these companies actually measured the success, they may be in for a shock.
And that’s the other reason visitor tracking is pushed way down the list.
By tracking visitors, it will show you the success - or failure - of your web site. Sometimes this is a hard pill to swallow so companies avoid it.
Here’s the minimum you should be doing to track visitors:
1) Install a decent web statistics system. This MUST track unique/distinct visitors.
2) Use a ’sales trail’ to determine the expected response you require from your visitor.
3) Track the success of the ’sales trail’ and use this to calculate the conversion rate to expected response.
This conversion rate is the percentage of visitors that perform your expected response (eg. fill out an enquiry form, download a free report etc).
4) Calculate the conversion rate to sale.
This conversion rate is the percentage of visitors that go on to make a purchase from you.
The best way of tracking these numbers is to use a spreadsheet. Fill it in every day and make it part of your working day. That way, you’ll have all the information you need to justify future enhancements to your web site.
D.