As the following example shows, conversion optimisation services could save you a lot of money.
Suppose you currently spend $10 per click on PPC advertising through a platform like AdWords and your conversion rate is 5 per cent. If you pay for 500 clicks per month, then your total monthly spend is $5,000. Five per cent of 500 is 25 clicks, so you’re paying $200 per lead.
What would happen if you doubled your conversion rate to 10 per cent? Instead of paying $200 per lead, you’re now paying just $100. And if you doubled your conversion rate again, you’d pay only $50 per lead.
Over time, the savings can seriously add up. Instead of paying $5,000 per month for 25 leads at $200 each at a five per cent conversion rate, you could pay just $1,250 at a twenty per cent rate. Over a year, a conversion rate optimisation agency could save you $45,000 on PPC advertising costs alone.