Would you believe that? And if it were true, would it really mean anything to you? It shouldn’t.
I get asked this question fairly often and at first glance it seems like a logical question to ask, but really the focus should be elsewhere.
From my experience, conversion rates range from less than a percent all the way up to 30% or more. Does knowing that help me optimize my clients’ pages? No. Every page has so many variables internally and externally that it is very difficult and nonsensical to worry about the average conversion rate.
The goal of your page, differences between your product/service against your competition, target you’re trying to reach, avenues you advertise and numerous other factors all effect your conversion rates. A competitor having a higher conversion rate than you, does not mean you’re doing something wrong. Set the baseline for yourself and keep improving it. That’s how marketers should approach their conversion rate.
If you’re testing, you’ll find out if you’re campaign is performing suboptimal and find out what the optimal is at the same time.
Pretty amazing huh?
I don’t tell clients I’m going to get their conversion rates above industry averages, I tell them that I’m going to make their campaign as successful as possible. Do that and you’ll be ahead of competition and ahead of where you were when you first started.