Marketing has changed, over the years companies used
to continually spend more money acquiring new customers but what they found is
after a certain point it just didn't become profitable. But yet these companies
still kept acquiring more customers, spending more dollars than they should
have and then they're like the economics don't work out.
That's why you've seen a shift into companies
spending more money in things like support, so that way they can get people to
upgrade, up sell them, get more revenue out of each customer. But you know
what, there's something that almost everyone's missing. You guys all know about
A/B testing but why aren't you guys focusing on optimizing the traffic that you
already have, make more of those visitors convert into customers. It's not all
about getting more people to your website.
Why not focus on just converting those visitors into
customers.
And you can do that by understanding what they're
looking for. Why don't they like your website? Why are they leaving your
website? Ask these questions. How else could you make your webpage better? How
can you make your product or service better? Sometimes increasing your
conversions isn't running A/B tests; sometimes it's just making your product or
service better, adjusting your price point, providing a better experience,
having an 800 phone number so people can talk to someone so that way they can
get all their questions and objections answered before they make a purchase.
But focus on conversions; it's cheaper and more effective to spend money on
optimizing for conversions than it is to acquire new customers.
And you know
what, if you can do one simple thing like increase your customer’s conversion
rate by 10, 20, 30, and 40% that means you can also eventually spend more money
on acquiring customers. And by boosting your conversion rate, eventually you'll
be able to outpace your competitors, when it comes to marketing spend and take
them out. So stop focusing purely on customer acquisition. You should be
spending a large portion of your time, 20 plus percent once you've built up
over 10,000 visitors a month and you're generating quite a bit of sales, like
over 100 a month, on conversion optimization. And even with those smaller
limits you may not be able to run A/B tests, but you could do things like user
testing, surveying your audience to figure out how you can make your product or
survey or how to make your product or service better.
You can even
do things like us user recordings, to see mouse movements and flows. You can
use a lot of tools to do this, like usertesting.com, Crazy Egg, the
possibilities are endless. The point I'm trying to make is, don't just focus on
acquiring customers because if you do that, eventually your business isn't going
to work out due to the rising costs of advertising, but if you focus on
conversion optimization you'll be able to continually compete, even with the
rising ad costs.
Also Read :
HOW TO INCREASE WEBSITE TRAFFIC FOR FREE 2019
HOW TO START SOCIAL MEDIA MARKETING FOR BEGINNERS 2019
HOW TO IMPROVE GOOGLE SEARCH RANKING
HOW TO INCREASE BLOG TRAFFIC: 4 EASY STEPS TO STARDOM
Also Read :
HOW TO INCREASE WEBSITE TRAFFIC FOR FREE 2019
HOW TO START SOCIAL MEDIA MARKETING FOR BEGINNERS 2019
HOW TO IMPROVE GOOGLE SEARCH RANKING
HOW TO INCREASE BLOG TRAFFIC: 4 EASY STEPS TO STARDOM
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