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What is Conversion Rate Optimization - Top Strategy For CRO

What is Conversion Rate Optimization - Top Strategy For CRO

By Upskill Campus
Published Date:   3rd April, 2024 Uploaded By:    Ankit Roy
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Whether you run an online store, lead a marketing team online, or handle your brand's SEO, you understand how important it is to turn visitors into customers. Conversion rate optimization (CRO) practices help you get more customers.


In this easy-to-follow guide, we'll clear up common misunderstandings about conversion optimization. Moreover, we’ll share tips from multiple experts in the field and give you a simple, three-step plan for CRO. As a result, it helps you collect valuable data to improve your conversion rates.

 

What is Conversion Rate Optimization in Digital Marketing?

 

Website conversion optimization is about using advanced strategies to get more people visiting your website to do what you want.

These actions may include:
 

  • Buying something
  • Trying out a free version of your product
  • Watching a demo
  • Subscribing to your newsletter
  • Creating an account

Improving how many visitors do these things on your website can make a big difference in how much money you make. Unlike some other marketing tricks that take a long time to work, CRO can start helping you right away.

 

How to Calculate Conversion Rate?

 

To calculate how well your website is doing to get people to do what you want, you can calculate the conversion rate.
 

  • Count how many times people do the thing you want on your website during a specific time.
  • Divide that number by how many people visited your website during that same time.
  • Multiply the result by 100 to turn it into a percentage.
  • Once you have your conversion rate, you might wonder if it's good. Comparing your rate to what's typical in your industry can give you a sense of how well you're doing.


For example:
 

  • On average, about 2 out of every 100 visitors to an online store buy something.
  • In other businesses, like software companies, it can be around 1 out of every 100 visitors signing up for a trial, while in legal services, it could be 7 out of every 100 visitors using their services.

Understanding and improving your conversion rate is crucial for your website's success.

 

Benefits of Conversion Rate Optimization (CRO)

 

Optimizing your website's conversion rate has several benefits that can positively impact your business:
 

  • Lower Cost per Acquisition (CPA): CRO can reduce your overall cost of acquiring customers because you won't need to spend as much on various marketing channels, especially paid ads, to get conversions.
  • Better Understanding of Customers: By diving deep into CRO, you'll gain valuable insights into your audience. This understanding helps you know what drives them to take action, allowing you to tailor your strategies accordingly.
  • Improved Competitive Edge: CRO gives your website an edge over competitors by making your pages more effective in driving results compared to their non-optimized content.
  • Increased Sales and Revenue: With CRO, more visitors to your site will convert into customers, leading to higher sales and revenue generation.
  • Efficiency Boost: CRO optimizes your existing content and processes, making it a lower-effort activity compared to starting from scratch, yet yielding significant results.

 

Ways to Improve Conversion Rate

 

Let's explore some practical ways to get more people who visit your website to take action and become customers. Further, we will help you to know conversion rate optimization agencies or tools.
 

  1. Delivering a Message to the Audience

The following section will help you to increase conversion rate. 
 

  • Understand Your Audience: Start by understanding who your audience is. This knowledge helps you customize your messages to their specific needs and challenges.
  • Tailor Your Messaging: For example, if your analysis shows that your audience consists primarily of working parents aged 35 to 44, your messaging should focus on addressing the needs of busy parents.
  • Collect Feedback Through Surveys: Conducting surveys among your existing customers can provide immediate feedback on your website's performance. You can use short surveys that pop up before customers leave your site or send surveys via email after purchase.
  • Keep Surveys Short and Simple: To encourage more responses, keep your surveys brief and straightforward. Let customers know it will only take a minute of their time.

By understanding your audience and collecting feedback through surveys, you can improve your website's conversion rate and attract more customers.
 

  1. Tailor Content What Audience Wants
     

Make sure your website's content matches what your visitors expect. Consider how they arrived on the page you're trying to improve.

For example:

  • If they click on an ad promising a discount, they expect to see the discount prominently displayed.
  • For pages attracting organic traffic through keywords, focus on meeting the user's search intent.
  • Search intent is what users want to achieve when they search online. It's crucial because search engines like Google prioritize relevant results. 

This approach ensures your content aligns with what users are looking for. As a result, it leads to higher rankings, more traffic, and more conversions. 
 

  1. Conducting Tests
     

A/B testing, or split testing, is a method to quickly find what works best for getting people to take action on your website.

  • You create two versions of a webpage, each with a slight difference, like a headline or a button.
  • For example, you can compare a general headline with one specifically targeting working parents or see if reducing form fields increases submissions.
  • You can also test images, text, where forms are placed, and more.

Tools like Semrush’s SplitSignal help you run A/B tests. Let's say you want to test if using all caps in your main heading boosts conversions.

  • First, create a new test and name it.
  • After that, choose the website section to test and select specific pages.
  • Then, specify what element to change (like an h1 heading) and what variation to test (like all caps).
  • Next, set the test duration and launch it.
  • After the test, you can check the results to see which version performed better. As a result, it helps you make informed decisions to improve your website's effectiveness.
     
  1. Modify Your CTAs
     

Placing calls to action (CTAs) in various forms and spots on your website can improve your chances of getting visitors to take action.

For instance:

  • Having a CTA at the end of a blog post is common, but not everyone reads to the end. You might leave on converting interested visitors.
  • CTA banners can easily be overlooked, especially if they look like ads.
  • Different types of CTAs, like buttons, text links within content, banners, and more, are there. You give visitors more opportunities to convert. However, it increases the likelihood of them taking the desired action on your website.
     
  1. Dismiss Distractions Likely
     

It's significant to have one clear and prominent call to action (CTA) on your webpage without too many distractions. As a result, it maximizes the chances of getting visitors to take action.

For example, consider a landing page aimed at getting users to schedule a demo. If there are other links like a navigation bar, they might distract users from booking the demo because it takes their focus away. By removing unnecessary elements like the navigation bar, you reduce distractions and keep the focus on the main action you want users to take.

A good example is HubSpot's landing page for a guide on building an influential LinkedIn profile. They've removed the navigation bar at the top to keep visitors focused on downloading the guide without any distractions. 
 

  1. Enhance Page Load Speed
     

Making your webpage load faster is crucial for a better user experience and increasing conversions. According to Google, most pages should load their main content within 2.5 seconds. You can use tools like Semrush’s Site Audit to find pages on your website that need speed improvements.

  • First, open the Site Audit tool and create a project by entering your domain.
  • Afterward, start the audit and check the "Issues" tab to find pages with slow load speeds.
  • Then, common tactics to improve load speed include compressing images. As a result, it reduces page elements, enables caching, and uses lazy loading for images.

By following these steps and optimizing your page's load speed, you can keep users engaged and boost conversion rate optimization.
 

  1. Use What You’ve Discovered from High-Converting Content
     

Analyzing which pages have generated the most conversions helps you understand what strategies have been successful. You can then use this insight to improve other pages.

  • First, open GA4 and go to "Reports" in the sidebar, then choose "Engagement" and click on "Pages and screens."
  • You'll see a table showing how different pages drive conversions. Filter them by specific events, like booking a demo.
  • After that, identify elements on successful pages that contribute to conversions, such as visuals, clear copy, prominent CTAs, actionable advice, and user-friendly language.

At last, you can replicate effective tactics on other pages to boost conversions.
 

  1. Analyse Above-the-Fold Content and Provide Priority
     

Focusing on above-the-fold content means highlighting the parts of a webpage that users see immediately without scrolling. This area is crucial for capturing attention and prompting action.

Here are some tips to optimize above-the-fold content:
 

  • First, use clear and concise messaging to convey the page's primary purpose or value proposition, like the Basecamp homepage example.
  • After that, put the main call to action (CTA) prominently on the page, ideally right below a subheading.
  • Then, use high-quality visuals that catch the eye and enhance the user experience.
  • Ensure there is enough white space to avoid a cluttered appearance and make the content easy to read and navigate.
     
  1. Update Your Headlines and Subheadings
     

To make your headlines powerful, use action words like "drive," "improve," or "increase." Include keywords that matter and show the benefits of your product or service. You can also ask questions in your headlines to get users interested. Testing different headlines and subheadings can help you find the most effective ones.

 

Conversion Rate Optimization Tools

 

Here are some of the best tools to help you with conversion rate optimization and measure your efforts:
 

  1. SplitSignal: A tool for A/B testing that lets you test different variants easily and quickly without requiring developer assistance.
  2. Landing Page Builder: This software helps you create and launch landing pages using a drag-and-drop editor. Moreover, it also offers A/B testing for improving conversions.
  3. Plerdy: Focuses on user experience and SEO with tools like Website Heatmap and Funnel Analysis. It integrates with Semrush for added functionality.
  4. Hotjar: This utility provides website heatmaps and behavior analytics to understand how your audience interacts with your site. As a result, it helps you identify areas for improvement.
  5. Optimizely: It allows you to conduct A/B and multivariate tests to find what works best and make data-driven adjustments to boost conversion rates.
  6. HelloBar: A pop-up builder that helps you add forms to your website to convert visitors into leads and customers. It also offers A/B testing and analytics for optimization.

All these conversion rate optimization software facilitates your conversion optimization efforts and provides valuable insights into improving your website's performance.

 

Conclusion

 

Conversion Rate Optimization (CRO) is a crucial part of digital marketing. Moreover, it involves making your website better for users, testing what works, analyzing data, and always trying to improve. In addition, businesses that prioritize CRO can make their online assets work better. As a result, it leads to more conversions, happier customers, and greater success overall.

 

Frequently Asked Questions

 
Q1. What is a good conversion rate optimization?

Ans. People often think that a conversion rate of 2% to 5% is good. If your rate is 2% and you improve it to 4%, it seems like a big jump because you doubled your rate. However, this still puts you in the average range.


Q2. What are the five primary elements of conversion rate optimization?

Ans. The main parts of Conversion Rate Optimization (CRO) are looking at data, testing different versions (A/B testing), designing for a good user experience, improving content, and making sure your call-to-action (CTA) buttons work well.

About the Author

Upskill Campus

UpskillCampus provides career assistance facilities not only with their courses but with their applications from Salary builder to Career assistance, they also help School students with what an individual needs to opt for a better career.

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