What is Your Conversion Rate?
People are Searching Google for the Phrase “Conversion Rate Optimization” More than Ever Before
Statistic Info
Conversion rate optimization is the holy grail of online business. An increase in your sales conversion rate from 1% to 2% has essentially doubled your revenue. No small feat.
This also explains why on an average; companies are spending as much as $2,000 a month on CRO tools.
More 2019 Stats
The Average Order Value of B2C Online Order is $52
26% of Shoppers are Likely to Share a Product on Social Media after Purchase
Longer Mobile Page Load Times Drastically Increase Bounces
A Typical Website Conversion Rate is about 2.35% on Average
Average Online Shopping Cart Abandonment Rate is 74%
65 Percent of Shoppers Look up Price Comparisons on their Mobile Device While in a Physical Store
9% of Ecommerce Sites are Offering a Rewards Loyalty Program to Customers
69 Percent of Shopping Carts are Abandoned
23% Shoppers Added More Items to their Order at Checkout to Qualify for Free Shipping
More Conversion Optimization Stats
For Every $92 Spent Acquiring Customers, only $1 is Spent Converting Them
Personalized Call-To-Actions Convert 42% More Visitors into Leads than Generic CTAs
B2C Companies that Leverage ‘Marketing Automation’ Have Seen Conversions as High as 50%
Only About 22 Percent of Businesses are Satisfied with their Conversion Rates
Only .25% of PPC Landing Pages Have a Video
Using Video on Landing Pages can Increase Conversion by 80%
The Average Conversion Rate of a Facebook Ad is 9.21%
Landing Pages with Multiple Offers get 266% Fewer Leads than Single Offer Pages