ConÂverÂsion Rate
A metÂric that tells you how good your webÂsite is at conÂvertÂing visÂiÂtors into leads or cusÂtomers. It’s the perÂcentÂage of peoÂple who take a desired action, like buyÂing a prodÂuct or signÂing up for your mailÂing list. It’s calÂcuÂlatÂed as the numÂber of conÂverÂsions dividÂed by the numÂber of visitors.
More than a numÂber, it’s an opporÂtuÂniÂty and a key perÂforÂmance indiÂcaÂtor (KPI) for any ecomÂmerce site. It lets you meaÂsure the sucÂcess of your marÂketÂing stratÂeÂgy and figÂure out what changes you need to make. For examÂple, if cusÂtomers are abanÂdonÂing their carts or not fillÂing out your conÂtact form, you can look for ways to improve the shopÂping expeÂriÂence or simÂpliÂfy the form text.