6 february 2024
What is conversion in marketing
Preparing the voiceover
What is conversion? The conversion rate in marketing is the ratio of the number of website visitors who performed any targeted actions on the site to the total number of website visitors, expressed as a percentage. The conversion rate is calculated using the following formula: Conversion rate = number of transactions/number of visits x 100. Targeted actions can be hidden or direct from advertisers, sellers, or content creators, such as: purchase registration subscription page visit ad link click For example: you have an online store selling some products. Let's say that 500 unique visitors come to it during the day. During these days, 7 different purchases are made in your store. To find the conversion rate, divide the number of purchases by the number of visitors: 7/500 = 0,014 = 1,4 %. A successful conversion is interpreted differently by merchants,...