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Topic: Research/Metrics

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Web Conversion Metrics

Posted by cmarchwi on 250 Points
Hi, We define web site conversions as actual sales of our b2b books, or registrations to our workshops and other training events. We don’t count webinar registrations, downloads, etc. Does anyone know or know where I may find average or benchmark conversion rates,defined as sales, for b2b web sites? I’ve found web conversion data for b2b sectors but they include other actions as well as sales, so a comparison wouldn't be valid. Thanks for your help.

  • Posted by Gary Bloomer on Accepted
    In Internet marketing, a general rule of thumb on conversions of traffic from visitor to buyer is 1 percent, meaning one sale for every 100 visitors to your site. The more your site is optimized for specific, high volume search terms that have a low threshold of competing pages, the better.

    Bear in mind that it's wise to have multiple landing pages for the various offers you're putting out.
    Here, each landing page needs to be optimized for specific factors (price, multiple buys, headlines, image use etc.,.) because all landing pages and offer pages are NOT created equally.

    Conversions can also be traced to how frequently your site is updated. Sites with regularly updated content (for which read blog-based sites or sites with articles on them) get crawled more often and ranked accordingly because they're seen as having content that's fresher and therefore more relevant, which helps boost page rank.
  • Posted by Moriarty on Accepted
    To be honest with you, I doubt that there is such a document. In any case, what would you need it for? If your business is doing well, what's the problem - and if your business is not doing well then knowing how your competitors are doing won't help you.

    From my point of view if it is the latter, follow Gary's advice and spruce up your site. Another hint is to keep each landing page "clean" - that is to say keep one keyword (or phrase) per landing page. That way you will find out which of your landing pages are working and which not.
  • Posted by Jay Hamilton-Roth on Accepted
  • Posted by cmarchwi on Author
    Thanks much for the advice and the links.
  • Posted by koen.h.pauwels on Accepted
    great links, Jay, thanks! I agree with Moriarty that you should look foremost at your own company, but also feel the need to see how it is doing compared to successful others: this gives you ideas about your unfulfilled potential and a few tips on how to reach it!

    happy new year to you all!
  • Posted by pat.divilly on Accepted
    Hi,
    It is really about increasing revenue. As we start 2013 set some goals and an action plan to get revenue to $x/month by the end of the year with intermediate goals for each quarter.
    To increase revenue:
    1.increase traffic
    2.Reduce Bounce rate
    3. Increase conversion rate
    4. increase average order value

    Schedule to take one or two actions each month to drive the four metrics.
    A small improvement in each will have a significant impact on the revenue generated.

    The average industry conversion rates will not be a major concern any longer.

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