Are you Satisfied With Your Conversion Rate?
Only About 22 Percent of Businesses are Satisfied With Their Conversion Rates
This dissatisfaction is partly because marketers don’t know that the average conversion rates aren’t any higher than 3%. Besides, it varies from industry to industry. Having said that, it doesn’t mean businesses don’t see double digit conversions. This is the reason you must follow conversion rate optimization best practices and learn from industry moguls.
More 2018 Stats
U.S. Retail Ecommerce Sales are Expected to Surpass 735 Billion by 2023
As of Q2 2018, 2.86 Percent of E-Commerce Website Visits Converted into Purchases
Americans Spend 36% of their Shopping Budget Online
Anchor Text CTAs (Clickable Text in a Hyperlink) Increase Conversion Rates by a Whooping 121%
40% say getting response from prospects harder now than 3 years ago.
39% of People Will Stop Engaging With a Website if Images Won’t Load or Take Too Long to Load
$6.8 Billion Dollars Are Lost Annually as a Result of Slow-Loading Website
40% of Millennials Have Used Voice Search Before Making a Purchase Online, According to Studies
More Conversion Optimization Stats
For Every $92 Spent Acquiring Customers, only $1 is Spent Converting Them
Add a Beard to Your Models to Increase in Cart Adds by 49%
Personalized Call-To-Actions Convert 42% More Visitors into Leads than Generic CTAs
Only 60% of sales reps meet quota
The Average Number of Form Fields on Landing Page Conversion Forms is 11
Referrals Have the Highest Conversion Rates of all Customer Acquisition Channels at 3.74%
Anchor Text CTAs (Clickable Text in a Hyperlink) Increase Conversion Rates by a Whooping 121%
But Removing the Navigation Menu can Increase Conversions by 100%
68% of Small Businesses Don’t have a Documented CRO Strategy
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