A conversion rate is the percentage of visitors who complete a desired action (e.g., purchase, sign-up). The formula is:
Conversion Rate = (Conversions / Total Visitors) x 100%
Why it matters:
- Measures Effectiveness: See if your site is doing its job.
- Optimises Marketing: Identify and fix weak points in your funnel.
- Boosts ROI: Higher conversion rates mean better results from your traffic.
Tracking this helps us turn clicks into customers.