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By Alon Cohen
What would you say if I told you how to increase your conversion rates from 1 sale in 150 visitors to 1 in 100? Or bring it down from 1 in 50 to 1 sale for every 30 visitors?
Everybody wants to increase revenues and many focus on getting more traffic to their site through Search Engine Optimization (SEO), Pay Per Click (PPC/SEM), Social Media Marketing, and more. However, there is one item that many, even seasoned, online marketers forget about — testing different versions of the same page or entirely different pages to maximize sales with your existing traffic.
We all want to increase good targeted traffic to our sites. But you should also spend time making changes to your site to increase the conversion rates. Let’s assume that for one of the merchants you are promoting:
- One visitor in 100 that comes to your website converts into a sale
- Your average conversion value (commission) is $40
- You are getting 10,000 visitors per month and as a result earning $4,000 from that traffic
Now how would those numbers look if you were to optimize your site and thus increase your conversion rate to 1 in 70 or even 1 in 50?
|Conversion Rate||# of Visitors||# of Conversions||Earnings|
|1 in 100||10,000||100||$4,000|
|1 in 70||10,000||142||$5,680|
|1 in 50||10,000||200||$8,000|
|1 in 30||10,000||333||$13,320|
With these numbers, you can see the value in putting some effort into increasing your conversion rates. So how do you increase your conversion rates? You make small and large changes to your pages and website and test to measure the differences. These can be small changes like changing the text on the Order Button from “Buy Now” to “Order” to “Checkout.” These can also be large wholesale changes like a new site design.
Most seasoned online marketers usually have a good feel for what will and will not work, but it is always a good idea to test. Let the numbers make the decision, not your gut feeling.
The “simplest” test is an A/B test. This is when you test two different versions, or variations, and measure the results. While most look at sales or conversions you can also look at things like newsletter signups, pages visited, time on site, contact forms filled out, phone calls, messages posted, etc. Any actionable event by a user can be tested.
Similar to the checkout example mentioned earlier you may want to test how to get more people to the merchant site you are promoting. So you can change the hyperlink from “More Info” to “Buy Now” next to your descriptive text and see which gets you more clicks.
You can also test a new site designs by redirecting some of your visitors to a new version of the website. I’ve seen 30% and even 40%+ increases in site redesign tests like this. There are a number of ways you can do this — the two most popular are to use an inner folder or a different sub-domain for the new design. This way if your new design negatively affects conversions, it will only affect your test subjects.
As the name implies, Multi-Variable Testing (sometimes called Multi-Variant Testing) is similar to A/B testing with the addition that you are testing more than two changes. I will often perform multi-variable tests in my PPC campaigns and then implement the best producing combinations on the rest of my site.
A “simple” example would be changing the text on the order button and at the same time trying it in different designs:
|Version||Text on the Order Button||Page Design|
|Buy Now||Order Now||Design A||Design B||Design C|
As you can see in this test, we are testing the text on the order button combined with three different page designs.
You can really go crazy with this to get your optimal conversion rate. Last year I ran a test that had 42 different versions.
It is important to make sure you are comparing apples to apples when running these tests. Many people will run one version for a week, then another version the next week and so on. The problem is that you may have different traffic or different market forces at work.
Imagine a retailer that focuses on holiday gifts. The traffic during the first 2 weeks of December will be vastly different then the traffic during the first 2 weeks of January.
ClickBank has added the ability for vendors to pass customizable Vendor Tracking IDs (TIDs) to the end of their paylinks.
These TIDs can be tracked using ClickBank Analytics, allowing vendors to split test or compare different sales pages.
To use a Vendor Tracking ID, vendors should add the variable vtid=example to the end of their paylink. The TID can be up to 24 alphanumeric characters.
We have enhanced our API to include the ability for users to receive the amount they made on a transaction.
In addition, you can now utilize the API to manage support tickets, including searching tickets by receipt number.
For more information on our enhanced API, see our Help Center.
Expanded Client Analytics
We have made changes to the new analytics tool to help vendors and affiliates promote recurring billing products.
With the introduction of two new fields — Initial Sales Count and Initial Sales Amount — clients can now differentiate rebills from sales that occur on the ClickBank Order Form.
For more information on Client Analytics, see our Help Center.