If You Make All of Your Decisions Based Solely on Conversion Rate, You’re Missing Out on Potential Profits. When You Manage a Restaurant Business, for Example, It is Not Enough to Know How Many People Like the Dishes You Serve. You Also Need to Know How Much Money Each Customer Spends in Your Restaurant, How Many Drinks They Drink, and Other Indicators. The Same is True for Online Businesses. If You Want to Maximize Profits, You Need to Understand the Big Picture.
Spend on Average With Your australia whatsapp number list Business During the Time They Work With You? This is Essentially What Customer Lifetime Value is About. If a Customer Buys an Item Worth $ and Never Returns, His or Her Lifetime Value is $ if the Same Person Buys $ Worth of Product Every Year for Ten Years, His Customer Lifetime Value Becomes $ Ideally, You Want to Convert High-value Customers Who Will Stay for the Long Term.
You Also Need to Track the Value of Each Visitor. Let's Say , People Visit Your Website in a Week. Of Them Buy $ Worth of Products. However, You Can't Just Consider These , People. The Value of Each Visitor is the Total Value of Transactions During the Period ($,) Divided by the Total Number of Site Visitors (,). This Gives a Total Value of $ Per Visitor. Conversion Rate Optimization Best Practices Before We Discuss the Benefits of Conversion Rate Optimization, Let’s First Discuss How to Increase Your Conversion Rate.