Do You Have a CRO Strategy?

68% of Small Businesses Don’t have a Documented CRO Strategy

Source
CXL

Topic
Conversion Optimization

Year
2017

Lack of CRO Knowledge

Where do you learn about CRO? Many courses are incomplete or outdated. Also, you need to know a lot of things really well to be good at optimization:

Of course, you can have a team with specialists for each role, but if you’ve got one person owning the process, they need to know a little bit about each of these (at least enough to QA others’ work).

More 2017 Stats

55.5% of Respondents Planned on Upping their CRO Budgets in the Coming Year

The Average Conversion Rate of Visitors Who Saw User Generated Content (UGC) is 161% Higher Than Those Who Didn’t

Marketers are Now Experimenting with Buyer Engagement through Formats other than Form Fills: Thought Leadership (65%)

Writing your subject line entirely in upper case significantly reduces response rates by 30%

Most Companies Spend Less than 5% of Marketing Budgets on Conversion Optimization

Bundled Nurturing Content Within a Resource Hub (Instead of Multiple Emails) Produced a 3X Increase in Lead to Pipeline Ratio

Cost Per Lead Ranges from $150 to $350 on Average, with Larger Companies Paying Higher Costs Per Lead

There Will Be More Than 3.7 Billion Email Users by the End of 2017

66% of Marketers use Video in their Lead Nurturing Campaigns

7% of companies respond within five minutes of a prospect’s form submission while 50% don’t even respond until five business days later

More Conversion Optimization Stats

The Average Conversion Rate of a Facebook Ad is 9.21%

Add a Beard to Your Models to Increase in Cart Adds by 49%

For Every $92 Spent Acquiring Customers, only $1 is Spent Converting Them

Landing Pages with Multiple Offers get 266% Fewer Leads than Single Offer Pages

The Average Number of Form Fields on Landing Page Conversion Forms is 11

A Typical Website Conversion Rate is about 2.35% on Average

60% of deals in the pipeline are lost to “no decision” rather than to competitors.

B2C Companies that Leverage ‘Marketing Automation’ Have Seen Conversions as High as 50%

Engagement Lost During the Body of a Video (96% of the video) is the Same Lost During the Nose (the first 2% of the video)

When Landing Pages Don’t Ask for Age, the Conversion Rate is Higher

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