Each visitor you get has the potential to be converted into a paying customer. But that will only happen if you are able to continue to calibrate every aspect of your eCommerce to make them want to make that purchase. This is where Conversion Rate Optimization or CRO comes in.
Website traffic is an important metric to any eCommerce business; however, regardless of how many visitors you get on your website, conversion to a sale or a lead is what determines success.
What is Conversion Rate Optimization?
Conversion Rate Optimization (CRO) is the process of increasing the percentage of users who perform a desired action on a website. A high conversion rate is crucial for any eCommerce business as it indicates the percentage of website visitors who complete that desired action, such as purchasing your subscription plan.
When a CRO process is effective, you can improve the user experience, generate more sales on your website, increase the Average Order Value (AOV) of purchases, maximize Return on Investment (ROI) from your marketing spend, and overall reduce your Customer Acquisition Cost (CAC).
7 Tried and Tested Strategies for Conversion Rate Optimization
There are many strategies to optimize your conversion rate. Even more, is a combination of these strategies to really drive optimal outcomes. Below are seven tried and tested strategies you can start doing.
1. Knowing Your Target Audience
Understanding your target audience is the foundation of any successful marketing campaign. To optimize conversion rates, you need to understand what motivates your potential subscribers to purchase a subscription plan. This includes understanding their needs, pain points, and preferences. By gaining this knowledge, you can tailor your subscription plans and marketing messages to better resonate with your target audience.
Pro-tip: Responses from customers tell you what they value about your products or services. Asking them what convinces them to buy through quick and easy surveys can get you the answer you need so you can highlight what’s important in your sales proposition.
2. Optimizing Subscription Plans
To increase conversion rates, it is important to optimize your subscription plans. This includes offering different pricing tiers to accommodate different budgets and preferences. You can also offer flexible payment options, such as monthly or annual billing to cater to different customer preferences. By providing a range of subscription options, you can improve the likelihood of a website visitor becoming a paying subscriber.
Pro-tip: Keeping a low AOV or low CLV subscriber is much better than losing a customer entirely. Offer lower pricing tiers and customization options; step back and observe their purchasing behavior so you can determine how you can upsell to them later on.
3. Streamlining Checkout Process
The checkout process is a critical step in the conversion process. A complicated or lengthy checkout process can deter potential subscribers and lead to cart abandonment. There’s no substitute for the information you can get when you see how your users interact with your website to fully determine if their experience is as good as it can be.
To optimize your conversion rate, you should streamline your checkout process by minimizing the friction (number of steps required to complete a purchase). You can also include progress indicators, clear pricing information, and guest checkout options to simplify the experience for customers.
Pro-tip: Look at your checkout flow from different devices, operating systems, countries, and even days and times. Review new vs. returning customer experience to get insights on how you can improve the conversion rate.
4. Leveraging Personalization
Personalization is becoming increasingly important in eCommerce. By leveraging customer data, you can personalize the subscription experience for each individual customer. This includes offering personalized recommendations, customized pricing options, and tailored marketing messages every step of the way. By providing a personalized experience, you can increase customer loyalty and retention rates.
Pro-tip: Consider offering a variety of communication channels to your users. Not all users will prefer the same type of communication. Some may prefer email, while others may prefer SMS or push notifications. By offering multiple communication channels, you can personalize the user experience and ensure that each user receives information in a way that is most convenient for them.
5. Optimizing User Experience
The design of your website can have a significant impact on conversion rates. To optimize your website for conversions, you should prioritize user experience and design. This includes a clear and concise website structure, easy navigation, and clear calls-to-action (CTAs). By giving importance to design, you can create a website that is not only visually appealing but also functional and optimized for conversions.
Pro-tip: Your CTA propels users along your conversion funnel, but they can’t move along if it is not clear what to click in the first place. If customers don’t make it to the bottom of your sales page, then you need to move vital information such as your subscription CTA higher up on your page.
6. Testing and Experimenting
Testing and experimentation is a key element of CRO. It involves testing different variations of your website to see what works best. This includes A/B testing, where you test two variations of a page against each other, and multivariate testing, where you test multiple variations of a page. Testing and experimentation allow you to make data-driven decisions and optimize your website for better conversion rates.
Pro-tip: Avoid sudden, dramatic design changes as they may confuse your tests and can make you inaccurately attach a result to the wrong variable. Make small changes and test them one at a time.
7. Continuous Optimization
CRO is an ongoing process that requires continuous optimization. This includes monitoring your website performance, identifying areas for improvement, and implementing changes based on your findings. Continuous optimization ensures that your website is always improving and maximizing its conversion potential.
Pro-tip: Create a clear roadmap and set clear objectives, benchmarks, and KPIs to let you measure the effects of any and all the changes you are making.
As a full-service web design agency Cultura Interactive specializes in eCommerce subscription; we understand the importance of Conversion Rate Optimization to get your clients to subscribe. We leverage data to optimize your online storefront so you can increase your conversion rates and drive growth for your business.
Shopify and WooCommerce have recently vetted our organization as a company that upholds their high standards for their clients. Let us take yours to the next level by contacting us today for a free consultation.
