What is Conversion Rate (CR)?
A conversion rate is the percentage of people who take a desired action on a website or app. This action could be making a purchase, signing up for a newsletter, or clicking on a link.
For example, if 100 people visit a website and 5 make a purchase, the conversion rate is 5%. It’s a key measure of how effective a website or marketing campaign is at getting people to do what you want them to do.
Formula:
Conversion Rate = Total Conversions / Total Number of Visitors X 100
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Boost Traffic Revenue: The Power of Conversion Rate Optimization
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