How to achieve a 25% conversion rate on Google Adwords
Does this headline sound impossible to you? Generally speaking we consider a 10% conversion rate to be a good cross-industry average, but if you get everything just right, it’s possible to exceed 10%.
The key to achieving stellar conversion rates is rigorous testing and analysis of the data. First of all, make sure you’ve got the right tools to hand. You need Adwords Conversion Tracking set-up, and you need Google Analytics set-up, and then you need to link both accounts. When you’ve done all that, you’re ready to play.
Run your Adwords for a few days. Make sure your Adwords follow the usual rules. Now you’ll have some meaningful data to play with. Analytics will tell you exactly what’s going wrong with your landing page. The first thing I look for is the bounce rate. The bounce rate measures what percentage of visitors leave the moment they enter. You can expect a reasonable amount of organic traffic to bounce, it’s the nature of the web. But if you’re bouncing +50% of your paid traffic you’ve got one of three problems:
1. Your Adword is misleading. You’re offering a £7.99 Adword, but landing them at a £12 product page.
2. Your Landing Page is uncompelling - the visitor likes the Adword offer, but is unconvinced upon arrival.
3. There is a technical problem - 404 - page not found sites don’t sell much.
Your next port of call is the exit page analysis. Analytics will tell you how long people are spending on your site, where they enter and most importantly where they leave.
Back to 25% conversion rate on Healthspark. As you will recall this is a start-up store which is best described as in beta release. We’re doing loads of testing, and landing page analysis. We currently have PayPal and GoogleCheckout, but are waiting for the bank to provide a Merchant Account so that we can have an integrated payment system. My gut feeling was that payment was hindering sale conversion. This is often the case, customers are fickle, and a slow site, or anything slightly unusual will spook your potential customer.
However, Analytics revealed a high bounce rate on the Rosehip page, and it turned out that the default offer was putting customers off. The Adword itself gave a specific price offering of £7.99, but the options on the landing page defaulted to a 2 for 1 offer at £12.99. Switching this default option off lifted the conversion rate from 5% to 25% with a cost per customer acquisition of £1.50.
What this anecdote reveals is that micro-testing, and daily improvements on both your Adwords, and ecommerce platform are crucial if you want to win.
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