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For e-commerce sites, it is very important to track and improve
conversion ratios. And, in Turning Visits Into Action, many
conversion ratio improvement tactics and techniques are explained
in detail. But for some e-commerce sites, conversion rates
need to be tracked one page at a time.
An overall site conversion ratio may not provide the level
of detail needed to make the greatest possible improvements.
An overall conversion ratio would be calculated by taking
the number of orders generated and dividing it by the total
number of visitors to arrive at a percentage. But some sites
may have traffic coming to many different areas for reasons
other than purchasing - content areas of general interest,
financial information, job seekers, etc. To really expose
specific areas of improvement, it might be necessary to break
the stats down to further level of detail.
For example, you may want to calculate a conversion ratio
based on the number of visitors reaching your "shopping
cart" page. This way, you can make improvements to your
shopping cart page and know that your results aren't being
skewed by traffic to other areas of your site. You may have
500 visitors reaching your shopping cart page while at the
same time you are generating 10 orders. Your conversion ratio
is 2% for this comparison. By making improvements to your
shopping cart page, you may see this ratio improve to 5% -
generating 25 orders for every 500 visitors to this page.
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Similarly, you may want calculate a conversion ratio for
sales of a specific product based on the number of visitors
coming to that specific product's information page. You may
have 10 Widget orders for every 250 visitors to the Widget
overview page. This works out to be a conversion ratio of
4% for this comparison. Improvements to the Widget overview
page may yield 25 Widget orders for every 250 visitors - increasing
the conversion ratio to 10%.
If your sales process requires multiple steps, you might
want to track conversions from one page to the next. The first
page of your sales process might get 1000 visitors, while
the second page shows 500 visitors - you have a 50% conversion
rate from the first page to the next. You can make improvements
to the first page and try to get the ratio up to 60%, or 75%.
In this manner, you can improve the conversion ratio of a
multi-step sales process one page at a time to finally increase
your sales ratio overall.
You can track these multiple comparisons in a spreadsheet
by pulling visitor information from your site traffic reporting
tools and combining it with order information. Of course,
visitor information is rarely exact, but it is intended to
provide a relative data point - if the data is off, at least
it will be off consistently. A spreadsheet like this, developed
over time, can provide you the detailed type of analysis necessary
to improve the critical "cogs" of your online sales
machine.
About the Author
Kim Wingate of AvidSurfer, is the publisher of "Big
Time Banner
Advertising" and "Turning Visits Into Action."
Both of these
informative Web business manuals, as well as a FREE conversion
ratio case study, can be found online at:
http://www.avidsurfer.com/default.asp?src=arts
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