Out of all the visitors that come to your site only a small percentage will pick up the phone, fill in a form or purchase a product. The percentage of people that perform one of these tasks is known as your conversion rate. If you can make small, consistent improvements to your conversion rate, then your entire business can reap huge benefits.
If you could double the conversion rate of your website, that would half the cost of your marketing or double the amount of leads/sales you generate from the same marketing spend!
WebConverter is a proven process that involves:
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Six reasons why increasing your conversion rates should be top of your marketing goals this year:
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MagicLoans.co.uk
Magic Loans are a leading secured loan provider and we help to drive a lot of traffic to their site from both SEO and PPC. They also advertise on TV and do a lot of direct marketing.
Their website was driving 8% of all visitors into their loan application process and 23% of these people were completing this application form. That’s a conversion rate from visitor to loan application of 1.84%.
This meant that for every 20,000 visitors that hit their home page they received 368 loan applications of an average value of £7,000.
Tasked with driving up loan applications from all marketing channels landing on the website, we set about analyzing the current conversion rate of the clients 4 stage loan application and the effectiveness of their home page in driving visitors into the application process.
Once we had completed our analysis we set about testing a new home page and a new loan application process. The loan process itself was still in 4 stages and gathered identical data to the original but we had modified a number of other factors.
Within 3 months of testing we had increased the rate at which the home page drove visitors to the application process from 8% to 51% and improved the number of people completing the 4 stage loan application from 23% to 48%.
This meant we had increased the sites visitor to loan application conversion rate to 24.48% an overall increase of 1,230%.
This means that now, for every 20,000 visitors the site receives it generates 4,896 loan applications. This has dramatically impacted the clients business and on an average month drives an extra 4,528 loan applications.