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Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

How can I improve my conversion rate?

When a visitor to a website performs a desired action, it’s called a conversion – and if you’re an ecommerce business, you want to turn website visitors into customers. Getting people to your site is only the first step. Even with a ton of traffic, if your website isn’t optimised for conversion, you’ll find it hard to hold customers’ attention and guide them to make that purchase.

In ecommerce, a conversion rate is a form of contextual data used to demonstrate the percentage of website visitors who purchase a product. You can calculate your website’s conversion rate using this formula:

Conversion rate = number of website visitors/number of purchases *100% 

Using tools such as Google Analytics, you can track your goal conversion rate. Goal conversion rates can be based on a variety of goals specific to your online store, such as ‘purchases completed’ or ‘newsletter signups’. Tracking your conversion rate can give you valuable insights into customer behaviour on your website, and can allow you to make suitable amends to features on your website so that you can make the most of your traffic. 

The average conversion rate of ecommerce stores globally is 2.58%. However, a good conversion rate is unique to your business and is a highly contextual figure which can depend largely on several factors, including:

Your industry

Product type

Product cost or average order value

Traffic source

Device (mobile, tablet or PC)

Platform (Windows, Mac, iOS, Android)

Location

For instance, if a company sells high-end electronics, it’s not going to have the same conversion rate as one selling cheap t-shirts. Therefore, when analysing your conversion rate, it is important to consider all of these contributing factors. Industry benchmarks aren’t always an accurate comparison guide.

So, to work out the best conversion rate for you, you need a baseline. What is your current conversion rate? And what conversion rate do you want to achieve in the next month or the next six-to-12 months?

“We know people are tightening their belts because of the economic situation, so you’ve got to work even harder to win over customers.”

James King, Head of Professional Services, Elavon Europe 

What contributes to a good conversion rate?

The conversion rate is useful because it tells you how successful your website is at guiding visitors into and through the sales funnel. A high conversion rate shows that your website is convincing users to become leads or customers, while a low rate indicates that you may need to shift tactics.

So, what contributes to a good conversion rate? We’ve outlined the main ones below:

“It’s all about removing friction. Remove every barrier possible between the customer and the checkout so it’s as easy as possible to pay. Some pain points are necessary – like fraud checks – but removing obstacles to paying can only improve your customers’ experience and drive up sales.”

James King, Head of Professional Services, Elavon Europe 

How do ecommerce product videos affect conversion rate?

How do ecommerce product videos affect conversion rate?

Product videos are an effective way for ecommerce stores to showcase the features and benefits of items on their website. Without being
able to physically touch or see products in person, many potential customers may have questions about items that could hold them back from making a purchase.

Product videos give ecommerce businesses the opportunity to recreate part of the in-store shopping experience by demonstrating the key features of products and how they can be used. Product videos can also be a useful tool for increasing conversion rates, allowing you to make the most of your website traffic.

Product videos can be a powerful tool for increasing conversion rates and improving the user experience across your website. 

Customers who watch product videos are 84% more likely to make a purchase.

Product videos can have a range of benefits for your ecommerce website including increasing user engagement, establishing trust in your brand and providing an enhanced customer experience, all of which can contribute to increasing conversions. 

Conversion-boosting benefits of product demo videos

Ecommerce product videos can increase your conversion rates in many ways. Some of the main features of product videos that make them so effective at increasing conversions include:

Increasing user engagement

Videos encourage your website visitors to spend more time on your product pages and learn more about the products that you offer. Videos are effective at telling a story and building a narrative and can easily grab visitors’ attention, drawing their eye to the video. Encouraging customers to become more invested in your product’s details through the use of video can make them more likely to purchase that item.

Videos are particularly effective at grabbing a customer’s attention if they incorporate psychological cues through faces, voices, body language and movement. Combined, these elements can help to convey the nature of your brand and can help to define user trust in your products. 

Increased trust in your brand

Many customers may be wary of making online purchases as they may not feel certain that they will get the item that the description and images promise. Inserting a video on your product pages can allow your business to be more transparent about your products and therefore appear more trustworthy to potential customers.

Additionally, videos can help to humanise your brand which can allow customers to connect more with your business and products, encouraging them to purchase from your store. 

Answering customer questions

Videos are able to delve deeper into product specifics than a product description or photograph, as they can keep the attention of the customer for longer. Providing more detail in an engaging way can help to answer questions that customers may have had about your product which were holding them back from purchasing. 

Easy to share

Videos are shared more than any other medium across social media platforms. Creating a successful product video can increase conversions from your current website traffic and allow you to reach more potential customers.

Ten ways to reduce cart abandonment

1. Avoid surprising customers with high fees and shipping costs

Be transparent about your shipping costs or additional fees from the start. Removing these surprises from the checkout process will increase your customers’ trust in your business, as well as reduce the possibility of cart abandonment.

2. Keep the shopping cart visible

Keep your basket icon visible on all your website pages to offer a reminder to your customers about how many items they have in their basket.
 

3. Avoid surprising customers with high fees and shipping costs

If a shopper leaves your site and returns later, autosaving the contents of their basket could help encourage them to complete their previously abandoned sale. This also streamlines the checkout process.

4. Optimise page-load times

The world of ecommerce is highly competitive. If your pages are too slow to load, customers may leave your site and search for their items elsewhere. Faster load times improve the user experience, while increasing engagement with your store.

5. Use trust seals in transaction forms

Many customers may feel wary handing over sensitive payment information, particularly if they haven’t shopped with you before. Including security badges throughout the payment process can increase your customers’ trust in your business and reassure them that their information is being handled securely.

6. Include product images in baskets during the checkout process

Reminding your customers of what they’re buying can reassure them throughout the checkout process and encourage them to complete the transaction.
 

7. Provide a guest checkout option

Providing guest checkout can significantly streamline your checkout process. Many customers may not want to or have time to create an account, so providing the option for a guest checkout makes your products more easily available to shoppers and makes your checkout process more efficient.

8. Offer multiple payment options

Providing the option to pay via a range of different methods allows your customer to checkout in their preferred way and reduces the likelihood of cart abandonment.
 

9. Display clear and bold icons

Direct your customers towards the checkout using clearly visible and bold call to action buttons, such as ‘Proceed to checkout’. Bold buttons also simplify your website navigation, improving your user experience.

10. Create a sense of urgency

Displaying the number of items left or adding a countdown clock for the time remaining on a deal will create a sense of urgency or scarcity, which can encourage shoppers to complete their purchase to avoid missing out.

Making a successful product video


There are several key elements to creating a successful product video for any online store.

 

Be real and genuine

Avoid exaggerating the features or benefits of your products, as this could mislead your customers. While exaggeration may increase conversions in the short term, it can leave your customers dissatisfied and reduce trust in your brand. Product videos are a great opportunity to convey what makes your product and your brand different, and maintaining a genuine tone will allow your customers to more easily relate to your brand. 

Keep it brief and concise

The key to keeping your site visitors engaged in your product videos is to keep your videos short and to the point. Having lengthy product videos can cause customers to become disengaged, particularly if they do not address their questions in the first few minutes. If your product has different versions, consider creating separate videos so that you can explain the features and benefits of each version in enough detail.

Engage directly with your customer

It can be easy to become too focused on talking about your product when making a video. Make sure that you’re also addressing your customer’s needs, questions and interests.

Make it shareable

A video shared on social media acts as a positive review for your product and increases awareness for your brand. This can allow you to reach more potential customers and increase your conversion rate over time. 

How does website personalisation affect conversion rate?

There are many factors that can affect conversion rates for your ecommerce store, and the role of website personalisation is one worth considering.

Website personalisation involves tailoring and customising the way information is presented to appeal to customers. This can include the way your website looks, and how copy and images are presented. Presenting your products in a way that appeals to particular customers can help to build strong relationships and, when implemented successfully, can encourage customer loyalty and higher conversion rates.

To personalise your website successfully, you need to be able to collect, and effectively use, relevant data about your customer to enable personalisation. Wanting to get to know your customers well is the key to good website personalisation. 

This can be done using the information provided when visitors sign up to your website, or by collecting demographic information when a customer uses a social login. These methods will allow you to gather information on your customers’ location and interests and start to build up information about their order history, browsing habits and searches.

Website personalisation also encourages customers to return to your site, and the more they shop at your store, the better the personalisation and suggestions you can make for them. By applying personalisation to your website, you can start to increase the odds of selling the right content to the right customers, which can in turn increase your conversion rates and average order value (AOV). 

How to get basic information to help with personalisation


Although it is easier to personalise your website for returning customers, there are ways you can segment all your site traffic. This can allow you to personalise your website even for new customers. Here are some common methods used to segment website traffic: 

 

Geographic information

Information on a customer’s location can be collected from IP addresses or from information given by returning customers. This can be used to suggest more relevant products or products more popular within your customer’s region. 

Device type

Although this method of personalisation is not as in-depth as others, ensuring the right site format appears on the right device can allow customers to more easily navigate through your site, making them more likely to make a purchase. 

Self segmentation

This is an easy way to gain additional information about new visitors to your website. Self segmentation can be done using popups on landing pages that ask the customer questions about themselves or what they may be looking for on your online store. This can be especially useful to help new customers find suitable products on larger ecommerce sites and can lead to increased conversions.

“We know the main driver to a physical shop is the ability to see and even handle a product before purchasing. If you only sell online, this isn’t necessarily possible so the images and associated description are key selling points.”

James King, Head of Professional Services, Elavon Europe

Practical tips for personalisation

There are several ways you can put your new-found information about your customers to use on your website, whilst being mindful of GDPR regulations, these can include:

Conclusion

Adding elements of personalisation to your ecommerce website can be a valuable tool in building profitable relationships with customers and increasing your conversion rate. The better the user experience on your website, the more likely they are to make a purchase.

Personalisation is becoming an increasingly popular tool for ecommerce sites to boost conversion rates. Regardless of the size of your store, offering elements of personalisation across your site could also help you to grow your online business. 

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