conversion rate

Meanings

• Noun

  The percentage or ratio of the number of individuals who take a desired action out of the total number of individuals who are exposed to a marketing message, product, or service.

  - "The conversion rate for our e-commerce website is 5%, meaning that 5 out of every 100 visitors make a purchase."
  - "Our marketing team aims to increase the conversion rate by optimizing the landing page and improving the checkout process."

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Variants

List of all variants of conversion rate that leads to same result
conversion , conversional , conversions , conversion disorder , conversion hysteria , conversion reaction , conversion therapies , conversion therapy , gene conversion , gene conversions

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'conversion rate' originated from marketing and business contexts, where it is used to measure the effectiveness of various marketing efforts.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The conversion rate for an average e-commerce website is around 2-3%.

2. Landing pages with clear calls-to-action and easy-to-use forms typically have higher conversion rates.

3. Email marketing campaigns often have higher conversion rates than social media ads.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Click-through rate (CTR): Click-through rate is the percentage of individuals who click on a link or advertisement out of the total number of individuals who were exposed to it.

2. Bounce rate: Bounce rate is the percentage of individuals who leave a website after only viewing one page.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Conversion rate is an essential metric in marketing and business, as it helps businesses understand the success of their marketing efforts and make data-driven decisions.

How to Memorize "conversion rate"

1. visualize
   

   - Visualize a funnel with visitors entering at the top and converting at the bottom. The conversion rate is the percentage of visitors who make it to the bottom of the funnel.

2. associate
   

   - Associate the conversion rate with the success of your marketing efforts. A high conversion rate means that your marketing is effective, while a low conversion rate may indicate that improvements are needed.

3. mnemonics
   

   - Remember the acronym CTRL+C for Conversion, Traffic, Rate, and Landing Page. This can help you remember the key components of the conversion rate formula.

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