|
What if you could increase the number of people
that visit your site, or the number of customers
who purchase your product or service by 1 percent?
What would a 1 percent increase in sales conversion
mean to your bottom line?
Increasing conversions is all about increasing
profit. Before you spend money on advertising,
be sure to maximize the conversion rate for the
web traffic you already have. If you are unsure
of where to begin, or nervous about spending money
on advertising, consider running a test. If you
are interested in buying banner ads, ask if there
are any inexpensive options to allow you to test
the results. For keywords, set a low budget and
monitor the results. For direct mail, consider
sending out a small sample mailing to test the
effectiveness. In any situation, the test sampling
needs to be large enough that the results will
be meaningful and realistic, but small enough
that you are not risking a significant amount
of money in the process.
Target, Target, And Measure
Targeted advertising will convert at a much higher
rate than non-targeted advertising. It is critical
that advertising be targeted, so you can maximize
your conversion rate and increase your ROI (Return
On Investment). As a webmaster, you have a whole
host of tools available that will allow you to
track the actions that your visitors take. Use
these tools to analyze their actions and test
theories that relate to conversions. When determining
areas of low conversion, evaluate web logs. Look
at the abandon rate by viewing single access web
pages. Use cookies to track the actions that visitors
take on the website; do they leave but then return
and purchase at a later date? Track both long-term
and short-term actions of website visitors by
using cookies.
Landing Pages
Unique URLs or special landing pages can be instrumental
in tracking the success of an advertising campaign.
They are also helpful when you conduct split-testing:
randomly sending users to different web pages,
and then tracking and comparing the actions that
result from each page. When designing the landing
page, think about the action you want, emphasize
it, and remove all other distractions from the
webpage.
Keyword Advertising
In order to increase the conversions from keyword
advertising, create continuity between your keyword
and your landing page. Use the same words in the
ad as you use in the landing page. Keep in mind
that landing pages do not have to be part of a
website's normal navigation. Webmasters can customize
landing pages to cater to a specific audience,
advertisement, or search term.
Why pay for terms that are not converting? Pay
particular attention to what keywords result in
traffic only, and what keywords generate traffic
that actually results in sales. Anyone can purchase
traffic with the keyword phrase "free money",
but how many of those who click are going to translate
into the desired action on your webpage?
By using qualifiers and very targeted terms,
you will reduce the number of visitors you are
paying for. But if the correct terms and phrases
are used, the resulting visitors will have a genuine
interest in your software, thus more likely to
purchase your software.
Evaluation
When evaluating advertising campaigns, consider
whether the results will be long-term or short-term.
Long-term results from a short-term expense could
involve a website design. Short-term results are
generally things like ezine advertisements, that
result in sharp sales spikes, but generally don't
last very long. Consider whether the money spent
is a one-time cost or an ongoing expense. Equally
important: determine whether you can reliably
track and measure the results of the advertising
campaign. Can the results be reproduced by spending
more money?
Any time you spend money on advertising, you
are taking a risk that it might not increase sales.
Regardless of the type of advertising that is
being undertaken, the conversion ratio should
be optimized prior to purchasing any advertising.
Ultimately, developers who spend money intelligently
will make more profit.
Related Articles:
What is Pay Per Click
Advertising?
Pay Per Click Terminology
How
to Locate Good Keywords?
The Keyword Search
|