Conversion rate optimization is simultaneously simple and complex. The pieces are fundamentally the same but the methods with which you can tweak and adjust to increase your conversion rates are various, and generally not standardized.
4. AUDIENCE
CONVERSION
CTR
CPC
1
2
3
4
Ad / Traffic driver
Landing Page w/ offer
a) Ads are targeted
to an audience
b) A certain percentage of people that see the ad, click the ad (CTR)
which based on the budget, creates an average cost per click (CPC)
c) Once on the page, a certain percentage of people convert
either through buying, or providing an email address (opt-in)
(Conversion Rate)
5. AUDIENCE
CONVERSION
CTR
CPC
Ad / Traffic driver
100 PEOPLE
10 PEOPLE CLICK =10% CTR = $10 CPC
$100 AD BUDGET
1/10 PEOPLE CONVERT
=10% CONVERSION RATE
= $100 COST PER CONVERSION
6. TO GET MORE CONVERSIONS,
YOU HAVE 3 METRICS YOU CAN OPTIMIZE FOR
17. If you’re trying to optimize your audience…
Your audience may be too broad
•Try refining the audience by age, gender, location, or interests.
Your audience may be too narrow
•Try adding additional audiences like website visitors, your email
subscribers, or lookalike audiences.
You may not be in the right place at the right time
•Try running your ads at different times of day, or days of the week.
•Try selecting different places to display the ads (instagram, mobile feed,
or audience network).
18. If you’re trying to optimize your ad creative…
Your headline might suck
•Try A/B testing multiple headline formulas.
Your image might suck
•Try A/B testing different images.
You might be using the wrong ad format
•Are you trying to get conversions with a video view ad? Are you not
driving traffic with Page Post ads? Check for the right objective.
You might be using the wrong ad format
•Try a video instead of a still image. Try a carousel instead of a single
photo. Try a Canvas ad or a Lead Generation Ad.
19. If you’re trying to optimize your conversion page…
Your offer might suck
•Maybe they just don’t want your lead magnet.
•You also need to make sure the offer matches the ad copy.
Your page might not have enough information
•People now look at more information than ever before. Be sure to add
enough.
Your page might have too much information
•Maybe people are getting lost in all the copy. Try simplifying it.
You may have things getting in the way
•The more fields you have in your form, the lower the conversion.