Conversion Rate Optimization(CRO) is used to increase the percentage of users who perform a certain action on the website. Actions such as clicking on a link, adding to a cart, filling out a form and more increase the percentage of users who complete the business goal. The challenge here is to convert these clicks done by users into profits for the company. This is where Conversion Rate Optimization Services come into the picture.
IMPACT OF CRO ON BUSINESS GOALS
Marketers use the purchases done on the website as a benchmark to calculate success in terms of Conversion Rate Optimization. To calculate CRO percentage, the number of conversions is divided by the total number of visitors on the website and calculating it by 100. This will give you the conversion rate. The goal here is to see a steady rise in this percentage which can be done on an optimum level by a Conversion Rate Optimization Agency.
UNDERSTANDING HOW CRO METRICS WORK
For companies, it is obvious that their focus would be on increasing this conversion rate. To do that, the company must go through the CRO metrics which they have set to check if they have achieved their goals so far and their impact on the SEO services. Important CRO metrics include:
- Bounce Rate
Bounce Rate is calculated when visitors come to your website and immediately bounce to other websites without navigating the current website. If the bounce rate is higher, that means your CRO website is not operating to its full potential.
2. Page Load Time
Maximum CRO metrics are done here as this is the place where most users discern the quality of the website. To reach the maximum CRO metric value, your website page must get loaded within 5 seconds of visitation or else conversion rates will drop gradually.
3. Website Traffic
This is a key factor in calculating CRO. You can see the number of visitors on your website and their tracking habits. Optimizing this field will help you generate more conversion rates.
4. Return on Investment(ROI)
The ROI on optimized services which a company avails should be satisfactory or else, there is a need to assess the money invested on CRO and SEO. Use a growth-centric approach to boost your revenue.
THE IMPORTANCE OF CONVERSION RATE OPTIMIZATION AGENCIES
The online marketplace has become very competitive where the conversion rate makes for the key performance indicator(KPI) of the company. Having a Conversion Rate Optimization Agency for your business will have a huge impact on your company. These agencies have the potential to increase your conversion rate by threefold. After all, CRO plays a huge role in the company’s success.
First Rank SEO Services are your go-to experts who will ensure that the conversion rate yields maximum results and that you get to reap the success out of it for your company!
