
The percentage of businesses that have launched online commerce has increased significantly since the arrival of the pandemic. At the same time, many users have decided to make their purchases through the Internet, which is why e-commerce sales have also increased. Once launched into digitalization, you may ask yourself, “Why isn’t my online store selling?”
If this scenario applies to you, stay with us; we will provide you with three keys to improve your conversion rate results.
The first thing you need is to calculate the conversion rate. The conversion rate of an online business is the data that indicates the percentage of users who have performed a certain action. The action to be analyzed will depend on the objective that we have previously set, such as buying a product, filling out a form, or signing up for the newsletter.
To calculate the conversion rate of your e-commerce, you need two pieces of information: the number of conversions (the times the action has been performed) and the number of visits to the website. Knowing both, the formula is the following:
Conversion Rate = (number of conversions / number of visits) x 100
This will give us a number between 0 and 100 since it is a percentage. Explained in words, it would be the following: of all the users who access your website, how many perform a certain action.
For example, imagine that the goal is to get users to make a purchase. 100 people access your website, and of these 100, 3 people buy a product; calculating the conversion rate would give a result of 3%.
To have reference data, the conversion rate in 2023, according to E-commerce News, was between 1% and 3%. The figure varies greatly depending on the sector and e-commerce; for example, in the case of Amazon, we are talking about a conversion rate of 7%.
To improve conversion, there are different actions you can take on your website. Here are the three keys to it:
The user who comfortably browses your website will spend more time on it, increasing the purchase possibilities and, at the same time, the conversion rate of your e-commerce. Therefore, the user experience will be essential to meet the objectives.
Your potential clients will search for the products or services they need in the different search engines; make sure that your website will appear in the first position or at least on the first page. And for that, you have to optimize your website so that search engines find it easily.
It seems very obvious, but it is important to know the potential client you are targeting. Know your age, gender, and geographical area, as well as your tastes, needs, purchasing preferences, etc. It will make you reach it more easily.
In short, understanding your audience gives you the key to fully embody the user experience they will have on your website. Ultimately, you are interested in attracting quality traffic since if the user who enters your e-commerce site is part of your audience, you will have a better chance of making the purchase.
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