How Conversion Rate Optimisation (CRO) works.
Quite simply Conversion Rate Optimisation (CRO) is the process of engaging analytics and user response feedback to improve the performance of your website and maximise conversion potential for sales. CRO can be employed to positively impact and improve almost any metric on your website that you consider important to your business referred to as Key Performance Indicators or KPIs.
Put another way, CRO increases the percentage of visitors who experience a buying decision on your site turning passive browsers into valuable conversions. Most commonly we execute CRO for clients whose sites are engineered towards capturing direct sales, bookings and user sign ups, registrations and downloads.
At its most fundamental, CRO means figuring out through testing and research what users are looking for when they arrive at your site and then giving that to them front and centre to maximise your site efficiency and profitability. Our primary drive is always to generate maximum ROI for our clients whatever their business model but we understand that CRO takes many different forms, based on the KPI our clients are trying to improve and work flexibly to achieve clearly defined goals at every stage of the process.
At TRACE we provide our CRO services to clients we know stand to benefit from a minimum lift of 30% in revenue obtained by onsite conversions and we aim for a 100% increase in online revenue generation over time.
The constant CRO cycle.
How does CRO fit into your digital cycle? At TRACE we recommend CRO for clients who are already well established and have a quality SEO foundation in place, who may already be executing PPC campaigns and who are starting to look at how to best maximise revenue generation from their existing traffic streams. CRO is very much the top tier in our service plan at TRACE and our team of technicians have years of specialist experience in managing high value websites, here’s our overview of CRO architecture:
Why CRO is so important.
Quality CRO is all about obtaining the best possible ROI for your online investments, whether it be for SEO, PPC or a combination of both. One way or another you are most likely paying for traffic to your site and a high conversion rate means a better return on that investment.
It’s also much more cost-effective to convert a higher percentage of the visitors you already have than to attract more visitors. In addition to improving your ROI, optimisation helps to defend against the limited attention span of your average visitor by giving them what they want before they tire of looking for it and move on.
- Higher conversion rate = better ROI.
- More cost effective than finding more visitors.
- Defends against limited patience of visitors, reduces bounce rate, maximises customer spend opportunity.
We very much regard properly strategised CRO is all about getting more of the right kind of customers – not just blindly optimising the conversion rate of a given page or campaign. It won’t do you any good if the visitors you’re acquiring are the wrong fit for your business. It’s important to keep the focus on optimising to find more customers who will love your product and help you grow by spreading the word. By targeting high converting landing pages and deep diving into the data driving the success of these pages we can formulate an extremely accurate visitor profile and build your site to appeal to your true audience.
How CRO benefits Search Engine Optimisation.
While not necessarily directly related to attracting organic website traffic or ranking on a Search Engine Results Page (SERP), CRO has distinct benefits for SEO including:
- Improved customer insights. Conversion rate optimisation can help you better understand your key audience and find what language or messaging best speaks to their needs. Conversion rate optimisation looks at finding the right customers for your business. Acquiring more people doesn’t do your business any good if they’re not representative of your true audience buyer profile.
- Better ROI. A higher conversion rate means making more of the resources you have. By studying how to get the most out of your acquisition efforts, you’ll get more conversions without having to bring in more potential customers. A far more cost effective way of maximising productivity, profitability and directly your ROI.
- Better scalability. While your audience size may not scale as your business grows, CRO lets you grow without running out of resources and prospective customers. Audiences aren’t infinite. By turning more browsers into buyers, you’ll be able to grow your business without running out of potential customers.
- Better user experience. When users feel smart and sophisticated on your website, they tend to stick around. CRO studies what works on your site. By taking what works and expanding on it, you’ll make a better user experience. Users who feel empowered by your site will engage with it more – and some may even become ambassadors for your brand.
What is split testing and why is it so important for CRO?
In very basic terms, you set up two different landing pages, each has a different element from the other. Perhaps one has a bright green call-to-action, the other has a slightly less obvious colour. Your site presents one of these pages to half your traffic, and the less obvious one to the other half – this is the very foundation of split testing or A/B testing.
With duplicated split sites we can then see whether or not a small change to a call-to-action (CTA) can make a difference to conversion metrics. The button isn’t the only element that can be tested of course. Headlines, product copy, image size, layout, amount of text, fonts… If it’s an element on the page then it can be tested. If testing that element means a chance of increasing conversion, then it should definitely be explored and that is precisely what our CRO technicians at TRACE excel at.
Testing should never reach a stage of completion: even if you’re absolutely confident that CRO has been refined to the very limits continue to test and adjust more. At TRACE we believe CRO is an ever evolving science and when deployed professionally is the backbone of increased performance and profitability.
Frequently asked CRO questions.
What is Conversion Rate Optimisation (CRO)?
CRO stands for Conversion Rate Optimisation, or the practice of increasing conversions to your site’s landing pages through design optimisations and consistent testing to ensure maximum effectiveness of your site.
When should I do CRO?
CRO should be an ongoing process of continually trying to refine and improve your website. Every month as a you should aim to analyse the site, come up with new testing models and run new tests. If you are planning a new website, use CRO as a way of testing ideas on your existing website to decide whether they should feature in the updated site. If you’ve already invested in a new website you need to monitor performance and get testing as soon as possible.
I can’t make changes to my website, how can I do CRO?
At TRACE we take care of the development and execution of page designs based on years of experience and a dedicated team of CRO professionals. Site development changes are included in our monthly management retainer.
What should I measure as a conversion?
What is it you want visitors to your website to do? Are you actively engaging user sign ups? Generating lead enquiries or other active measures? Of course the most valuable conversion is financial and our clients at TRACE benefit hugely from engaging our CRO services to actively generate a minimum 30% increase on sales conversions month on month, year on year.
What is a good conversion rate?
The simple answer is – much higher than your current rate! We benchmark against industry leaders as well as your competitors in the market. Coupled with our in depth knowledge and experience we can activate a minimum 30% increase in conversions in a very short space of time and mobilise towards even greater ratios over time.
Can you A/B test on websites with low traffic volumes?
The short answer is yes, but we are very realistic about showing results to our clients and will simply advise you on the optimum time to start A/B testing and CRO work on your site specific to your site status and particular requirements, expectations and goals.
How much does CRO cost?
At TRACE we operate our CRO services on an affordable monthly retainer basis. Compared to website development and content production CRO is relatively low cost and drives real returns that more than pay for the service. We do not operate a performance based agreement, instead we prefer to build and maintain valuable relationships with our clients that directly pass on 100% of the revenue to their business.
I have more questions, who do I speak to?
You can talk to our SEO, PPC or CRO team. Just send us an enquiry here and we’ll setup a call time to have a chat.