15 Ecommerce Conversion Rate Optimization Wins to Test

15 Ecommerce Conversion Rate Optimization Wins to Test

If you want to improve your conversion rates and generate more sales, all you need to do is make some changes. What can conversion rate optimization do for your business? If you already have some traffic coming in, I recommend you spend some time optimizing your conversion funnel. Now that I have explained a few of the reasons that you should focus your efforts on your Ecommerce conversion rate optimization here are 15 conversion rate optimizations that you should test today. Simplify your website Websites with simple designs have higher conversion rates. Your customers want to see exactly what they’re purchasing. But don’t think you can’t use videos even if you’re selling something simple. The customer expects to see the same price for the same product on all pages, including in their shopping cart. Recommend products to enhance the shopping experience If your site is using cookies to track browsing behavior, you can recommend products to your customers based on what they like. But over time, you need to optimize your ecommerce website if you want to get as many sales as possible.

Account-Based Marketing vs. Inbound Marketing: 4 Common Questions Answered
How 3 Companies Use Contently Talent to Engage Their Key Stakeholders
A Cult Craft Brewer Says Its ‘Beer For Girls’ Is Satire — But Women Are Slamming the Company for the ‘Lazy Stunt’

Ecommerce platforms rely on sales to survive. If you operate one of these websites, you know how important sales are for your business.

Whether you sell products exclusively online or have an ecommerce site in addition to your brick and mortar store, you need high conversion rates to be successful.

On average, ecommerce sites in the United States convert at about a 3% rate.

If you’re hovering somewhere around that number, you might think your website is already optimized for high conversions.

Even if you think you’re doing well, there’s always room for improvement.

In fact, some of the top performing websites, such as the Google Play Store, have a conversion rate close to 30%.

Companies such as the Dollar Shave Club have roughly a 20% conversion rate.

Do you still think 3% is sufficient?

I don’t.

Whether you sell products exclusively online or have an ecommerce site in addition to your brick and mortar store, you need high conversion rates to be successful.

If you want to improve your conversion rates and generate more sales, all you need to do is make some changes.

For the most part, these changes won’t cost you much money but will bring a massive return.

You could double, or even triple, your conversion rates in just a few months by implementing some of these conversion rate optimization (CRO) strategies.

Those of you who don’t know how to optimize your ecommerce site for conversions are in luck. I’m an expert in this space and have plenty of experience consulting businesses about their CRO.

I’ve come up with a list of the top 15 ways for ecommerce sites to increase their conversions.

First, let’s take it from the top.

What is conversion rate optimization?

In layman’s terms, conversion optimization is the process of increasing the number of visitors who take a desired action on your site.

Any number of activities can count as a conversion. It depends on your goals.

Signing up to an email list, creating an account, making a purchase, and downloading software are all examples.

Here are some more examples:

Start Caring About Conversions Stop Pouring Money Down The Drain Hit Reach
The more often these conversions happen, the more revenue your business receives.

In theory, it’s pretty simple.

In practice, it’s a little more complex than just getting more people to take action.

Why so? You need to get the right people to take the right actions at the right time.

That means there are quite a few pieces that need to be moved to ensure your conversion funnel is working as it should.

What can conversion rate optimization do for your business?

1. You can have a fighting chance against Goliath competitors

Every time I think of competition, I think of this simple yet profound quote:

The strong eat the weak.

It’s true in life, and it’s true in business.

Ecommerce is extremely competitive. Just look at the increase in sales within the industry over the span of eight years:

e commerce for manufacturing growth of e commerce png 1 000 743 pixels
New players are entering your space every single day with the sole goal of snatching up your customers.

The only way to combat this is to make your customers so loyal to you that the competition doesn’t matter.

That can’t happen without first moving them through your sales funnel.

There’s one mistake I see small ecommerce businesses make all the time.

They focus on traffic generation without first having the systems in place to:

  1. convert that traffic into leads;
  2. convert leads into loyal customers.

If you already have some traffic coming in, I recommend you spend some time optimizing your conversion funnel.

Because guess what? You may not be able to bring in as much traffic as larger sites. They have more resources, larger teams, and bigger advertising budgets.

You may not even be able to compete on price.

But you can still have a competitive advantage if you make use of conversion optimization.

2. You can learn more about your users behavior

The way users interact with your site is everything.

It’s the closest you’ll get to reading your prospects’ minds.

It tells you what they’re looking for, what they respond to best, and what turns them off.

This means you can give users exactly what they want when they get to your site. Conversions would happen much faster because web visitors would have what they need at hand.

But you shouldn’t just glance at your analytics and make changes to your site based on that one analysis.

You need to monitor user behavior over time.

It’s the only way to notice patterns you can capitalize on.

My advice?

Get a solid grasp on how to navigate Google Analytics. It’s one of the most powerful free tools for analyzing user behavior on your site.

Salesforce found that 56% of businesses rely solely on Google Analytics for their web analytics. Only about 11% don’t use it at all.

Business Analytics The Key to Recognizing Opportunities for Market Development Salesforce Blog

Here are a few things you can track right now:

  • Where are your web visitors coming from? You can target these sources to get more visitors.
  • Which channels are driving the most traffic? This will tell you where to focus your time and resources.
  • Where on your site are visitors spending the most time? This will tell you where users’ interests lie.
  • How “sticky” are your site pages? Check your bounce rates for that info. You want them to be low.

These are just a few ideas. User behavior has many aspects.

How do you get this info?

First, find the behavior reports within your Google Analytics account:

Analytics

You’ll see several subsections, each with insights on how visitors interact with your site:

Analytics 1

Hopefully, you already have Google Analytics fired up.

Go through the reports, and collect all historical data.

Identify what’s yielding the most results, and double down on it. Then, you can pinpoint underperforming areas and improve them.

These insights are crucial not only for conversions but for every aspect of your digital marketing.

Content, social media, and email marketing are all areas that can benefit from analyzing user behavior.

Here’s the other thing about using analytics for conversion optimization: It prevents you from making changes to your site based on a hunch.

You’ll have concrete data to base your decisions on, and that’s how you avoid making costly mistakes.

3. You can maximize your profits

Put simply, more conversions lead to bigger profits.

But know this: you need to tighten every aspect of your sales process.

There’s no point in optimizing for conversions at the top of your funnel if you can’t keep momentum as web visitors move through the funnel.

The best way to capitalize on all customer touch points is first to map your customer journey.

This is a map that illustrates the path your customers go through when they interact with your business.

Once you have that figured out, deciding what to optimize at each stage should be obvious.

Here’s an example of a customer journey map:

Does Marketing Really Own the Customer Experience Crownpeak

4. Your customer acquisition cost will be lowered

Conversion optimization is the silver bullet for reducing your customer acquisition costs (CAC).

Here’s the textbook definition of CAC:

what is custoemr acqusition costs Google Search
In short, it’s the price you pay for acquiring a customer.

This one metric can make or break your business.

If it costs too much to convert a customer, your profit margins will be restricted.

Larger profit margins, on the other hand, give you more flexibility in your market. You’ll be able to serve your customers with more value and secure a spot as a dominant player in your space.

What does conversion optimization have to do with all this?

Here’s a scenario.

Let’s say you’ve decided to optimize your site for more conversions.

With a few strategic changes, you see a 3% bump in conversions.

The amount of traffic to your site hasn’t changed. Your ad spend is still the same. The only variable is what you’ve done to optimize your site.

The 3% increase in conversions means you’ll be acquiring more customers, resulting in more revenue, without employing more resources.

Granted, it may cost you to make changes to your site. However, the result is still the same.

Your CAC will decrease while your ROI increases. Now, that’s a sweet deal.

Now that I have explained a few of the reasons that you should focus your efforts on your Ecommerce conversion rate optimization here are 15 conversion rate optimizations that you should test today.

Top 15 conversion rate optimization wins to tests

1. Simplify your website

Websites with simple designs have higher conversion rates.

Depending on your company, you might have hundreds or even thousands of products for sale on your website. But trying to cram all of those products onto one page is ineffective, and it’s crushing your conversions.

Clutter overwhelms the customers. Instead, focus on your top selling products or items with the highest profit margins.

Let’s look at a globally recognized brand as an example. Here’s Apple’s homepage:

image1 3

When in doubt, it’s always a great idea to look at successful companies as examples. Apple is an industry leader, and their website is about as simple as it gets.

Think about the number of different products they offer. They have all kinds of different desktop computers, laptops, phones, and other electric accessories, not to mention the digital products like software and music.

If they tried to fit everything they sell on their homepage, it would be an absolute mess.

Instead, they promote one product and have a navigation bar at the top of the screen that lists different categories.

This makes it really easy for shoppers to find exactly what they’re looking for.

In the fourth quarter of 2017, Apple reported $52.6 billion in revenue— a 12% increase compared to the fourth quarter of 2016. It’s safe to say they don’t have a problem with conversion rates.

2. Include a search box

Users should be able to browse through your products quickly and conduct searches without fuss.

That’s where a prominently-placed search box comes in: 30% of site visitors use search on an ecommerce store.

The Ultimate Guide To Ecommerce Conversion Rate Optimisation Infographic Digitaloft
The quicker you can get customers what they want, the quicker you make the conversion.

That’s the point of navigation.

As such, it should be simple and distraction-free.

Add-to-cart buttons and checkout signs must be clearly visible.

3. Have clear CTA buttons

I’ll admit. The right-colored CTA button won’t make your sales funnel.

But it can certainly hurt you.

Don’t think this is a major problem?

These statistics show the many ways businesses neglect their CTAs:

How call to action is often ignored Truconversion png 800 700 pixels

If you don’t have a color that stands out and compels visitors to click through, it can take away from the user experience.

This is where color psychology can come into play. Make sure you choose the right colors for your ecommerce site, and your CTAs will perform as they should.

It’s not just about color though.

The words you use have far more impact. I recommend using words like “now” and “today” that convey urgency.

How to Generate Leads with Twitter Advanced Search Queries

These are just a few elements.

Here’s a good rule of thumb for deciding how your web pages should be designed.

Step #1: Decide the primary goal of the page. Zone in on one thing.

Step #2: Decide on the secondary goals of the page. These should be related to your primary goal.

For instance, let’s look at product pages.

The goal is to get users…

COMMENTS

WORDPRESS: 0
DISQUS: 0