Originally Posted by
rth_discos
No there isn't. There are too many factors that affect conversion rate to have a "industry benchmark". Which is why you can only work to improve an existing conversion rate. There are two factors that affect conversion rate - the actual website, and the traffic to the website. And this is why it's hard to have a benchmark, as the traffic to the website varies so much.
It does make it more difficult when building the first website for a client, as they have no existing conversion rate to work with, so it's a case of managing expectations.
With existing websites, it's a case of whether tweaking the existing website will be most effective, or does it require a complete website build. And then there's the consideration of what profit each sales makes. If £2,000 investment sees 1 more premium car with a £20,000 profit in being sold per year, then it's good value for money investment.
Most people simply try and increase traffic to the website when they want more sales. And that can get quite expensive when you're dealing with Pay Per Click advertising campaigns. Which is why I recommend first looking at what the current website traffic is doing.
For example, Fred spends £50/month of AdWords, and get 5 enquiries per week, leading to 2 confirmed bookings per week.
He could increase his spend to £100/month of AdWords, and likely get 10 enquiries per week, leaving to 4 confirmed bookings per week.
But what if he looked at the website first and made changes?
Potentially, he could increase his enquiries from 5 to 8 enquiries per week, leading to 3 confirmed bookings per week.
Meaning when he increases his spend to £100/month of AdWords, he then could see 16 enquiries per week, leading to 6 confirmed booking per week.
And there you can see the benefit of improving your conversion rate.
And there are lots of aspects to look at - it isn't even always based on what the majority want. If 99 out of 100 visitors are happy to email in, and don't care about telephone numbers, then it seems all is OK. But actually, by having a telephone number, you could then convert the final 1 person.
Do this for a few areas, and you can quickly start mopping up those extra conversions - particularly ones who have looked at other mobile discos and not found a phone number. Suddenly, that one person is much easier to convert, as you then have a point of difference over your competitors.
It's a massive, massive area, but looking at your conversion rate on your website is so important if you want to generate more enquiries - especially if you are spending on online advertising, so that you can make that spend work as hard as possible for you.