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
PayPal Transactions have 70% Higher Checkout Conversion than Non-PayPal Transactions
26% of Shoppers are Likely to Share a Product on Social Media after Purchase
Abandoned Cart Emails Have an Average Open Rate of 45%
There Are More Than 254 Million Active PayPal Accounts in The World
Generation X Shop More Online Than Baby Boomers and Millennials
Average Online Shopping Cart Abandonment Rate is 74%
65% of Consumers Look Up Price Comparisons on Mobile While in a Physical Store
Mobile Ecommerce is Expected to Account for 67.2 Percent of Digital Sales in 2019
9% of Ecommerce Sites are Offering a Rewards Loyalty Program to Customers
Average Open Rate of Newsletter Campaigns from Ecommerce Stores to Customers is 18.45%
More Conversion Optimization Stats
The Average Conversion Rate of a Facebook Ad is 9.21%
Most Companies Spend Less than 5% of Marketing Budgets on Conversion Optimization
61% of Companies Run Five or Fewer Landing Page Tests Per Month
96% of Marketers Say ‘Segmentation’ is the Most Powerful Method of Improving Conversion Rate
Only About 22 Percent of Businesses are Satisfied With Their Conversion Rates
44% of Companies use A/B or Split Testing Software
But Removing the Navigation Menu can Increase Conversions by 100%
On an Average, Businesses Generate $6.50 For Every $1 Invested in Influencer Marketing
