The calculation is done as a percentage and compares the total number of page visitors with the number of users converted into buyers.
For example, you have the following numbers on your landing page:
Number of visitors: 5,000
The conversion rate calculation for this page would be the total number of conversions divided by the total number of visitors. So 50/5000 = 1%.
Although this metric is easy to calculate, you shouldn't do it manually.
Major metrics analysis tools, such as Google Analytics , can track conversion rates quickly and accurately.
This way, you can check the overall overseas chinese phone number data of your business by tracking the total number of leads generated, the budget required, and the sales made.
But you can also monitor specific channels and strategies.
How do I know if my conversion rate is good?
It's one thing to know how to do the math, but it's another thing to know what the numbers mean. You need to know what the results mean, whether they're good news or bad news for the future of the business.
A company with a 10% conversion rate may be on the verge of collapse, while another company with 1% may be comfortable.
How is this possible? Because the conversion rate varies from one market segment to another.
The best way to determine if your numbers are good is to know the numbers in your field.
This is even more relevant for companies looking to attract foreign investment, as investors rely on this type of data as a way to know whether it is safe for them to invest their money.
Fortunately, there are excellent sources of information and benchmarking tools that can help you identify segment numbers and set a standard for your analysis.
Keep in mind that the conversion rate should always increase. There is no end to the work of monitoring and optimization to benefit your business.