Definition of Conversion RateA conversion rate in traditional business, is the percentage of people who convert to customers by purchasing a product, gaining membership, etc. who were initially enticed by a company's advertisement, or other marketing method. In internet marketing, it is the ratio of visitors who convert casual content views or website visits into desired actions based on subtle or direct requests from marketers, advertisers, and content creators. Successful conversions are interpreted differently by individual marketers, advertisers, and content creators. To online retailers, for example, a successful conversion may constitute the sale of a product to a consumer whose interest in the item was initially sparked by clicking a banner advertisement. To content creators, however, a successful conversion may refer to a membership registration, newsletter subscription, software download, or other activity that occurs due to a subtle or direct request from the content creator for the visitor to take the action. New! CommentsTell us your experience. Did this work for you? |
