CRO, or conversion rate optimization, is a strategy for getting more out of your web traffic.
Typically, businesses spend a lot of time, effort, and money on getting traffic to your website. But for what reason? That’s the real question.
Saying that all you might need to do to increase conversions is to move a button around, change its color, and tweak the wording makes CRO seem easy.
It’s not necessarily easy, but it is simple...in principle. You just have to commit to doing these things:
With that being said, let’s talk a little bit more about the importance of CRO.
If you’re an eCommerce brand, you’re probably trying to increase the rate of completed purchases at your online store. To optimize for this type of conversion you need to figure out what blockers are standing in the way of a site visitor initiating and completing a purchase.
An average conversion rate for eCommerce stores is 1%-2%. It might seem pretty low, but this is actually typical. What’s your current conversion rate? If it’s not within the 1%-2% range, you’re missing out on a lot of potential revenue.
Let’s say you’re currently making $15k per month in revenue with an average order value (AOV) of $50, monthly traffic of $30k, and a store conversion rate of 1%.
📈 If you improved your conversion rate to 1.5%, your revenue would increase to $22,500 per month with everything else the same. That’s a monthly revenue increase of $7,500.
📈 If you improved your conversion rate to 2%, you’d be generating $30,000 (double your monthly revenue) just by focusing on fixing the gaps your potential customers are falling through right now.
Hurts, doesn’t it? Think about how many visitors came and went from your site, all that traffic you got. Why’d they leave?
This is where CRO can take your store to the next level. CRO helps you focus on those things that made visitors leave. Whether your site loaded too slowly or they made it almost all the way through the purchase process and bounced, employing targeted CRO testing can help you make educated decisions to improve purchase conversions.
We’re going to give you the 411 on how to do a CRO walkthrough on your own website so that you can use these strategies to reach your conversion goals.
When we do a CRO audit for clients, our CRO specialists go through a website with a fine-tooth comb to find common sense (and not so common sense) mistakes that might prevent a visitor from becoming a customer. That means asking a LOT of questions, some simple and some more complicated and based in psychology.
This walkthrough is a big piece of the research puzzle we use to develop hypotheses and begin testing updates and improvements on a store’s site.
Understanding what causes friction for a customer requires you to put yourself in the shoes of a customer. What are their concerns? What are their questions? What gets then excited or makes them turn away?
It can be hard to put yourself in someone else’s shoes, so we put together this scenario to guide you through the CRO walkthrough process.
Imagine you’re a new customer who has never been to your website before.
➡️ Start your walkthrough on the home page and answer the following questions:
➡️ Now, click on a paid ad and follow the customer’s journey from seeing the ad, to shopping the site, to initiating checkout.
➡️ Take note of what parts of the process are frustrating or make you lose interest.