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What is Conversion Marketing? + 5 Actionable Tips to Increase Conversion Rates

If you’re an ecommerce entrepreneur looking to up your conversion marketing game, you’re in the right place.

In this article, we’re covering the china phone number data basics of conversion marketing and sharing 5 conversion marketing strategies you can use to boost conversion rates in your online store.

Ready? Let’s jump right in!

Shortcuts ✂️

  • What is conversion marketing?
  • Why is having a conversion marketing strategy important?
  • Conversion rate definition and benchmarks
  • What tools you can use to boost your conversion rate?
  • 5 easy-to-implement conversion rate optimization strategies

What is conversion marketing?

Conversion marketing is a marketing strategy that aims to increase the proportion of your existing traffic that converts (rather than increasing your overall number of website visitors).

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the 2024 challenge spectrum: the unfiltered reality of marketing managers But what counts as a conversion? Typically in ecommerce, a conversion means a customer completing a purchase. But other actions can count as conversions too: signing up for an email marketing list, downloading a lead magnet, starting a free trial, etc.

Conversion marketing (or conversion rate optimization) is often used in tandem with other marketing efforts to build a strong conversion funnel.

Why is having a conversion marketing strategy important?

A conversion marketing strategy involves using a variety of techniques to boost your conversion rate (and, ultimately, your revenue).

That’s a pretty big incentive on its own, but it’s not the only thing you can expect from using conversion marketing tactics.

Here are just a few of the other benefits you have to look forward to:

  • A better understanding of your customers: When you spend time learning about your customers as individuals, their motivations, and any conversion-blocking obstacles they face along the user journey, you’ll be much better equipped to meet their needs.
  • Lower cost per acquisition: You’ll be making the most of your existing traffic without spending more on acquiring new traffic, so your CPA (cost per acquisition) will fall.
  • Improvements in your search engine optimization (SEO) initiatives: When you use conversion rate optimization to make targeted improvements to your website, you’ll deliver a smoother, more enjoyable customer experience. And with search engine ranking algorithms getting more intelligent by the day, a better user experience will mean better visibility in search results (and thus, more traffic).
  • Higher customer lifetime value: Once a visitor becomes a buyer, you’ll be able to show them personalized messages (like targeted product recommendations, “welcome back” messages, and restocking emails about products they’ve bought) to deepen the customer-brand relationship and encourage loyalty iceland lists.
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