Brands increase ROI by 223 percent using this one tactic

Fact – It’s challenging being a marketer in a world with so much chaos. There is a constant marketing war waging between organic and paid tactics, with each side claiming success across past, present, and future. Meanwhile, online users are spending 28 percent of their time on social media and the rest on email, watching videos, exploring on search engines, playing games, blogging, and possibly working…across numerous devices; meaning that it has never been so difficult to gain the attention of your target audience.

So what’s the one silver bullet marketers are using to improve their performance? The answer is conversion rate optimization tools (CRO). VentureBeat recently released a report entitled – Conversion Optimization: How to win at performance marketing.

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While this all encompassing report evaluates 2,938 CRO tool users across 3.1M websites and 36 vendors, the major takeaway is that on average, companies using a CRO tool are seeing a 223 percent increase in ROI. As for the outliers in the report, which are pretty standard, roughly 5 percent of companies using a CRO tool reported ROI increases of over 1,000 percent and 5 percent reported a loss on ROI between -10 percent to -200 percent.

Back to the average though. 223 percent is a compelling number to take to your team and/or your boss. Whether you’re looking to optimize your paid channels, social, email or get a better understanding of existing traffic and strategy, investing in a CRO tool could be the answer you’ve been looking for…

The list of metrics CRO tools can impact is vast and includes:

A/B split testing	Bounce rates	Email metrics
Average page views	Concept testing tools	Exit rates
Average time on site	Conversion rate	Funnel analysis
Mobile analytics	Site speed	Visitor loyalty
Multivariate testing	Split test percentages	Website analytics
Scrollmaps	User testing/feedback	Website heatmapping

 

While each of the preceding tactics warrants a certain measure of focus, the top 3 metrics that marketers are most concerned with consist of conversion rate, split test percentages and bounce rate according to the latest VB Insight report.

To learn more about VB Insight’s Conversion Optimization report, visit VB Insight today!

 

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