A thorough audit of tracking tools can improve your CRO framework because knowing your platform will help you think about how to best use it for your specific business strategy.
So, you got the basics of Conversion Rate Optimization (CRO) and why it’s essential to your marketing strategy. (To recap: a successful CRO framework increase sales and revenue while reducing the cost of paid media.) Great! But how do you get started? There are some general things everyone can focus on to improve their conversion rate, e.g. site speed. But where’s the list of best practices, you may be wondering? The unfortunate reality is that there’s no convenient checklist waiting for you. There’s quite a bit more to CRO than applying a few changes, crossing your fingers and walking away hoping for the best.
Data and analytics inform CRO
Optimizing conversions works on a case-by-case basis. Each brand, site and customer journey is different. There are millions of sites out there with varying needs, goals, traffic, designs, languages. You can’t take what works for one site and apply it to another. Your site should serve a specific purpose; both providing value and addressing the concerns of your visitors at that moment and in the future. Forget instinct: to make any kind of business decision; you need to base your judgment on the evidence. Also known as data. Otherwise, you might be making decisions that could hurt your sales.
Analytics tells you exactly what’s happening on your site, and can then guide you to investigate the bigger picture and find opportunities. Not only does analytics tell you the core journeys and behaviors that give you the best return on investment, but it also highlights friction points and areas where most people leave the website. This saves a lot of time and guesswork, letting you narrow down the improvements that need to be made to optimize conversions. The real power comes when combining this with qualitative research, to delve into the reasoning behind the key objections that result in people leaving… but also why they stay. – Read more