You are here: Home >> Articles & Tutorials >> How to Increase Your Sales Conversion Rates
By jamhassan on Feb 3, 2012 |Advertising
Was this helpful?
1
0
Sales conversion rates refer to the percentage of casual visitors to those who buy, both in-store and online. It is a useful tool for determining the effectiveness of marketing campaigns, advertising and the layout and content of web pages. Business coach Emre Ilkme will assist you in calculating these rates and increasing your sales compared to footfall or unique visitors to your online store. Increasing conversion rates is crucial when trying to increase market share and profit, business growth, and to maintain a good understanding of your target market.
As a first step, Emre Ilkme will show you how to determine the current sales conversion rates for your business, preferable over an extended period of time for a more accurate indication. Important trends to determine include specifying which days of the week are busiest and which products sell to which demographics. Emre Ilkme will assist you in collecting and interpreting this data. Once the information has been gathered it should be compared to industry benchmarks, focusing on where your company fares better or worse and possible reasons for this should be determined.
Once you have discovered your strengths and weaknesses, Emre Ilkme will guide you in formulating a plan to improve. A strong marketing plan with clear targeting and well-defined focus groups should be created. Tracking changes in your sales conversion rates will assist you in gauging the effectiveness of changes in marketing and advertising strategy. Emre Ilkme will show you how to use this information to determine whether money spent on marketing has been money well-spent.
Emre Ilkme will help you to add value to your business or products in creative ways, strengthening your brand and reinforcing your niche in the industry and current market using tools like customer review sites. You can make your product more desirable by offering unique customer satisfaction guarantees such as money back, try before you buy, lowest price or best quality guarantees. Other possibilities include offering free shipping, loyalty schemes, coupons or discounts on further purchases. href="http://digg.com/news/business/businesscard2_emre_ilkme_dublin_08_64299/"> Emre Ilkme will help you increase your average transaction value (ATV) and generate add-on sales, maximizing profit.
In an online environment, collecting customer data is relatively simple. Here too, Emre Ilkme guide you in optimizing your sales conversion rates and using the data collected to boost your profits and market share. Emre Ilkme will aid you in designing an easy to use, user friendly site where customers feel comfortable buying your product. Just as a specifically targeted, beautifully presented, well-laid out store will increase footfall, so too will a better presented web site lead to increased unique visitors to your online store.
Was this helpful?
1
0
About jamhassan
You're reading How to Increase Your Sales Conversion Rates.
Hot Topics People Are Chatting
My Questions & Articles