| In 2010, $60.35 billion will be spent advertising online by marketers worldwide. - Source: ZenithOptimedia, |
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| Worldwide marketers will increase their Internet advertising spending to $68.41 billion in 2011. - Source: ZenithOptimedia |
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| In 2010, Internet advertising worldwide will consume 13.6% of total advertising spending, an increase from 5.3% in 2005. - Source: ZenithOptimedia |
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| By 2012, advertisers worldwide will allocate 16.1% of their total advertising budget toward Internet marketing. - Source: ZenithOptimedia |
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| Using social media, online videos, a contest and in-person events, they boosted leads 30% and revenue 114% - Source: marketingSherpa |
Quick... what’s your website’s conversion rate? Not sure?
The conversion rate of your website
(the percentage of visitors who make a purchase; sign up for a
newsletter; download a report or whatever your objective may be), is
really the most important statistic when it comes to understanding the health of your website because it’s how you measure your marketing Return on Investment (ROI).
If you didn’t have an answer to our question, you’re not alone. Despite
the importance of conversion, we’ve found that it’s one of the least
understood measurements among the small business owners we speak to
every day. Business owners who thought getting a website would improve
their bottom line, but ended up being disappointed by the lack of
results.
As Internet Consultants we’ve learned from experience the secrets
that can unlock the full potential of your website. Measuring and
continually improving your web site’s conversion rate is a top
priority, and there are a number of ways we use to do this. These
include (among other techniques) building your credibility and
delivering a positive online experience to your customers.
How to tell if your website is really working Close the credibility gap
Customers can be skittish, especially online. The slightest lack of
credibility will send them back to their search engine results to find
another site which may have a more professional or trustworthy
appearance.
Look like a million bucks, without spending it
Your website’s design, layout and overall presentation are other important factors that affect your conversion rate.
No one likes to shop in a store that’s disorganized, run down or poorly
staffed. Customers want to find what they’re looking for easily, and
when they have questions they expect a knowledgeable associate to be
available to assist them.
This expectation is also true online. Confusing layouts, incomplete
product information and broken links account for the majority of
customers abandoning a website even though they had already made the
decision to purchase. Your goal is sales, so make sure there are as few
roadblocks between your products and the check-out counter as possible
Close the credibility gap
So what kind of results can you expect from increasing your conversion rate? Try our WSI Website Traffic Conversion Rate Calculator to see how improving conversion—even by just a few percentage points—can dramatically increase your revenues.
Combine better conversion with even more website traffic and you’ll see
the kind of significant impact our Internet marketing strategies can
have on your business. Contact us today for a Free Consultation on how this may help your business!