How Much of your Marketing Budget do you Spend on Conversion Optimization?

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

A majority of companies (53%) spend less than 5% of their total marketing budgets on optimization activities, despite the fact that a small uplift in conversion rates can translate into millions of dollars of extra revenue.

In total, 86% of companies surveyed allocate 15% or less of their marketing budget to optimization activities, while at the other end of the scale only 3% of respondents allocate more than half of their marketing budget to optimization efforts.

More 2017 Stats

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

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

Referrals Have the Highest Conversion Rates of all Customer Acquisition Channels at 3.74%

Organizations With Revenues Under $500 Million Have a Mean Cost Per Lead of Roughly $180; Companies With Revenues Above $500 Million Spend More Than Double That, at Roughly $430 Per Lead

66% of Marketers use Video in their Lead Nurturing Campaigns

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

Imagescape Saw a 160% Increase in Submissions When They Decreased Form Fields from 11 to a Mere Four

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

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

Only About 22 Percent of Businesses are Satisfied with their Conversion Rates

More Conversion Optimization Stats

People are Searching Google for the Phrase “Conversion Rate Optimization” More Than Ever Before

Referrals Have the Highest Conversion Rates of all Customer Acquisition Channels at 3.74%

Using Video on Landing Pages can Increase Conversion by 80%

Conversion Rate Optimization (CRO) Tools Offer a 223% ROI on Average

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

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

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

There is a 70% greater likelihood of converting re-targeted visitors vs. those who are not

85 Percent of Consumers Conduct Online Research Before Making a Purchase Online

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

Ready to reinvent your sales process and tools?

One quick call and we'll share our approach - no pressure.

Schedule your demo