Improving conversion rates produces some of the greatest
returns on investment of any activity you can engage in while trying
to improve the sales of your web site.
Maximizing your web sites conversion rates can produce
a tremendous competitive advantage.
Niche after niche and industry after industry have proven
that once a marketer with an obsession for maximizing traffic conversion
enters the niche, its “game over” for the existing websites
in that market that don’t adapt and begin improving their own
conversion rates.
Customers and affiliates seem to almost magically gravitate
towards the websites that have the highest conversion rates. And high
converting websites can afford to far out spend the competition on marketing
and advertising.
When it comes to increasing the sales of your online
business, the basics are actually quite simple... There are only three
things you need to focus on to improve your overall sales volume.
Those 3 things are:
1. Increasing the traffic to your website.
2. Increasing the average amount customers spend per visit.
3. Improving your visitor to sales conversion rates.
That’s it... Every revenue generating activity
you can engage in to maximize your online profits falls under one of
those three areas.
Unfortunately the vast majority of online businesses
and internet marketers spend most of their time focusing on only one
of those three critical areas. (And it’s often the least effective
area.)
Increasing the average amount customers spend per visit
and improving conversion rates have a far greater impact on your long
term profitability than focusing exclusively on increasing the traffic
to your web site.
Your web sites conversion rates are impacted
by four main areas.
1. Usability.
2. Persuasion.
3. Trust.
4. Testing.
Usability is simply how easy it is for visitors to navigate
your web site and how easy it is for them to accomplish whatever their
particular goal is on your web site.
Persuasion is a measure of how effective your web sites
copy, calls to action and other elements are at convincing visitors
to purchase from you (or take the specific actions that you want them
to take.)
Trust is an essential yet often overlooked element of
the conversion process. Even if your web site is highly usable and persuasive,
if your visitors do not trust you they will not buy from you.
Testing and tracking is where the big gains in conversion
rate improvement come from. By focusing long-term on continually testing
and improving your sales process on your web site you can increase conversion
rates incrementally over time. These small improvements will compound
to produce very large gains in conversion rates, sales and overall profitability.
The bottom line is this...
Developing a long term commitment to improving and maximizing
your conversion rates will result in a devastating competitive advantage
that will guarantee you dominance in any niche you decide to enter.
Because so few online businesses understand the tremendous
power of maximizing conversion rates, even gaining a slight advantage
will allow you to blast past your competition.