Are you Satisfied With Your Conversion Rate?
Only About 22 Percent of Businesses are Satisfied With Their Conversion Rates
Statistic Info
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
7 Top Converting Companies Spend More than 5% of their Budgets on Optimization
42% of U.S. Consumers Have Searched and Purchased Products or Services Online
4 in 10 Purchases are Made Using Only an Online Channel for Searching and Buying
Americans Spend 64% of their Shopping Budget In-Store
37% of Shoppers Use Social Media to Influence Their Purchases
As of Q2 2018, 2.86 Percent of E-Commerce Website Visits Converted into Purchases
Small retailers may see up to 30% higher mobile conversion rates compared to large retailers.
Personalized Call-To-Actions Convert 42% More Visitors into Leads than Generic CTAs
More Conversion Optimization Stats
55.5% of Respondents Planned on Upping their CRO Budgets in the Coming Year
Companies see a 55% Increase in Leads when Increasing their Number of Landing Pages from 10 to 15
Only .25% of PPC Landing Pages Have a Video
Referrals Have the Highest Conversion Rates of all Customer Acquisition Channels at 3.74%
For Every $92 Spent Acquiring Customers, only $1 is Spent Converting Them
A Typical Website Conversion Rate is about 2.35% on Average
People are Searching Google for the Phrase “Conversion Rate Optimization” More than Ever Before
Most Companies Spend Less than 5% of Marketing Budgets on Conversion Optimization
Pages that Rank First on Google Search Results on Desktop have a 34.36% Click-Through Rate
B2C Companies that Leverage ‘Marketing Automation’ Have Seen Conversions as High as 50%
