Your Website Conversion Rate is Meaningless. Period.

People often ask me what my website conversion rate is, which I think is an absolutely ridiculous question. But before we continue, let’s assume you don’t know what a conversion rate is OR let’s define it so the rest of this post is based on a mutual understanding of conversion rate.

Here it is: Number of Visitors ÷ Number of people who perform the task you want them to perform = Conversion rate (as a percentage).
Example: 100 people visit the site, 10 people buy. Conversion rate is 10%

Easy enough, right?

Let’s start with a real life example, let’s use www.antioxidantexample.com, which is the masked url of an antioxidant nutritional supplement that advertises heavily on TV and Radio – but no advertising on the internet.

95% of their web traffic is derived from folks who heard the 30 minute radio infomercial or saw the 30 minute TV infomercial then went to the website to buy the product. What do you think their conversion rate is? Well, it just so happens that the conversion rate is 30%. That means 3 out of every 10 visitors buys the product.

Website Conversion Rates are Meaningless

For a while the company advertised using Google’s AdWords, which means they bid on ad space on the Google Search Results pages. When they did that they drove thousands of people to the site who were searching for “antioxidants” and “antioxidant nutritional supplements”. But the conversion rate of these ads were only .7%, which totally didn’t match the conversion rate of the customers who came to the site from the TV show.

Same website. No changes.

The only thing that did change was the quality of the person that arrived at the site. From infomercials the prospect had 30 minutes of explanation and product examples, before they searched to buy the product, But with Google Adwords they only saw a banner ad. That means most of the people were just curious. The conversion rate of the website dropped substantially.

So the website conversion rate is bunk. In fact, if anyone asks how well your site converts, just tell them that question makes no sense.

Rephrase the question for them. Let them know that they really asked the wrong question. What is important to know is the conversion rate of the traffic that comes from the TV show. It’s good to know the conversion rate of the traffic that comes from banner ads. 95% of the time that conversion rate will differ among sources.

Your website conversion rate is meaningless. The conversion rate of your source’s web traffic, on the other hand, is like spun gold. Knowing what converts well and what doesn’t is the first step in testing, revising and optimization. And hopefully it isn’t the last.

Can you start a new site outside your niche?

Prior to going to BlogWorldExpo I’ve maintained the position that trying to build an audience in a new, unrelated niche wasn’t the best idea. The whole point of list building and empire creation is culling together an audience of similar interests to which you can create a community.

Starting a second site in a related niche means you have the power of your community behind you. Emailing your loyal fishing enthusiasts about your new rainbow trout site makes a ton of sense. You get instant engagement and typically great testimonials from the old people. And doesn’t it make more sense than inviting all your fishing enthusiasts to your new quilting website? Continue reading “Can you start a new site outside your niche?”

Beam me up, Taco Bell

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All the tech, social media and blog headlines that Bloggers love, need and use everyday. Today we spoke about Star Trek, Taco Bell, Snapchat, Bitcoin, Netflix, WhatsApp, Kate Kastner, Amazon, Matt Mullenweg and more

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Becoming a Power Pinner (on Pinterest)

I’ve been working on becoming a power pinner on Pinterest for a few months (in our industry, who isn’t eh?). I define a power pinner as someone who’s efforts have resulted in a vast number of followers. Fortunately, I did find a formula that seems to be working. To illustrate that I thought we would talk about two of Pinterest’s most prolific power pinners and how they achieved it. You’ll be surprised at their completely different paths and the one thing that makes them similar. Let’s start with:

Sherry Petersik

There is no way Sherry thought about becoming a power pinner on Pinterest when she started her blog YoungHouseLove.com. In fact, there’s a good chance she didn’t plan on making the blog as big a success as it is. But what her and her husband have built is nothing less than an internet Juggernaut.

Sherry and her husband started YoungHouseLove on October 5, 2009 on a part-time basis. Through unbelievable content and dedication to their craft they grew the blog into a full-time gig now receiving more than 70,000 visitors per day. Today’s blog post, for instance, has 332 comments already, yesterday’s 7,102 and 2 days ago 236. You don’t get that kind of love without working for it for sure.

They’ve built their Pinterest following by leveraging their web traffic. In the last couple years they’ve featured their own “Pinterest Project Challenge” on their blog asking readers to undertake a new “Pinterest-worthy” challenge, blog about it, pin it and then upload that pin to their site. I looked at one of the challenges and 688 readers had shared their project. What are you going to bet they followed Sherry’s Pinterest account as well? They merely had to share their love of Pinterest with their community to grow in on Pinterest as well.

And they didn’t have to pin 10,000 things to get to the top. Nope. As of today, they’ve only pinned 574.

Some would call that the iceberg syndrome. What’s visible above the surface doesn’t come close to describing the work that went into it behind the scenes. As bloggers yourselves, I’m sure you can relate to the amount of work they put into their site. That community is the bottom half of the iceberg.

Erin Dollar

Erin took a different route to becoming a power pinner on Pinterest, though it’s not apparent from the surface whether she fully intended to do so. Erin is an artist who sells her wares on Etsy.com and last year finished making fake silly beards on IMadeYouABeard.com.

Unlike Sherry, Erin hasn’t amassed an enormous 70,000/day following – in fact she just has a respectable 500 or so followers on Twitter. But like the rest of us, she’s started to build a “raving fan base” on etsy and her site, she just hadn’t hit super stardom prior to Pinterest.

An early adopter of Pinterest Erin started paving the way for Pinners yet to come. Because her boards were edgy, purposeful and smart, they often got noticed. In fact on August 26th, 2010 (2010? Hmmm. . . she’s been at this a while, eh?) Erin was interviewed by Pinterest on the Pinterest Blog. She didn’t get that honor by knowing the “higher-ups” at Pinterest. Nope. Someone liked her board and recommended to Pinterest that they interview her about it.

That same attention to great boards is what made her the winner of the Pantone Color of the Year Contest held on ChronicleBooks.com, a site that gets 50,000 visitors per day by itself. Similar to the Pinterest interview, she won that not by knowing someone who knew someone, but by creating a quality and engaging board called Tangerine Tango.

Constantly sharing her love of Pinterest with others (back before it was big) landed her interviews or mentions on sites like mademoisellecrankypants.com, juliacantor.com and PinterestPower’s “most followed pinners” board. And all of those interviews centered on her love of Pinterest.

The bottom line is Erin rose to the top because of her taste and dedication to creating engaging and quality pin boards. These mentions, interviews and contests got her in front of thousands of people she didn’t have access to alone. But there is a similarity between Erin and Sherry as both have about 500,000 Pinterest followers and both were early adopters.

For them becoming a power pinner on Pinterest meant not giving up, creating great quality pin boards, and having faith that their readership would grow over time.

Which brings me back to my goal of becoming a power pinner on Pinterest.  I’m still interested in the viral approach that I wrote about in my recent article “How to make your photos go viral on Pinterest”. But I think quality, patience and hard work, exhibited by Erin and Sherry, are a much stronger community building strategy to get there than viral is for anyone.

Dan R Morris is the founder of LettersFromDan.com, a website dedicated to improving your revenue stream from online efforts. Dan is an infomercial producer, niche website owner, product developer, author and Mastermind leader. Dan actively encourages marketers to take that extra step so that “Hope” doesn’t become the marketing plan.

Is Dropbox the Facebook Killer?

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On today’s show we talk about Blogger Bohemian Trails, President Obama, Ringly, Tumblr, @everyword, Amazon, Skybox, Dropbox and more. . .

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The Big Social Media Music War

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[iframe style=”border:none” src=”http://html5-player.libsyn.com/embed/episode/id/2883478/height/100/width/480/thumbnail/yes/theme/legacy” height=”100″ width=”380″ scrolling=”no” allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen]All the tech, social media and blog headlines that Bloggers love, need and use everyday. In today’s show we talk about Vine, Swarm, Slingshot, Style Jukebox, Shazam, Beats, BMPUR, Scion, Lookout and more. All the tech, social media and blog headlines that Bloggers love, need and use everyday.

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online-rockstars

Dianna Cowern Mosa’ab Elshamy
Dianna Cowern
Mentioned Article:
Dianna Cowern wins Flame Award

Vlog: PhysicsWoman on YouTube
Twitter: @thephysicsgirl
Winning Video: What is Color?

Mosa'ab Elshamy
Mentioned Article:
Blogger wins photo activism award

Blog: Mosaabelshamy.com
Twitter: @Mosaaberizing
Flickr: Mossaab on Flickr

[Tweet “He (Massab) takes his pictures without a journalists’s filter”]
whats-next-links

Style Jukebox

BMPur

Twitter Music?

Beats

Lookout catches thieves

Entreprenurial bloggers

Darren Rowse in Portland

Slingshot app

Ebay PayPal

Dale Earnhardt Jr and Twitter

Vine

Vine on XBox

ComicCon

Lookout app

go-deeper

[catlist name=monetization numberposts=3]

Jordi, Pauly and Samwise Get Social

 

jordi, pauly and samwise get social



On today’s show we discussed Facebook Self Destruct, Gregory Ng, Frozen Food Vlogger, Facebook keyword stuffing, Facebook legal name, Dutch Girl Fake Asia Trip, Zilla Van den Burn, Buying Instagram Followers, Digiorno Tweet, Kevin Smith, Movie Tusk.

All the tech, social media and blog headlines that Bloggers love, need and use everyday.

Continue reading “Jordi, Pauly and Samwise Get Social”

Common Marketing Mistake: Leveraging Assets

One common marketing mistake small businesses seem to make is not leveraging operations activities for marketing purposes. As I highlighted in my “Dog the Bounty Hunter” story, the average, ordinary things that you do can be used as marketing.

I recently took a trip to Costa Rica, a fabulous country, and had opportunity to zipline with the Titi Canopy Tour group in La Foresta (outside of Manual Antonio National Park). The ziplining was fantastic. It wasn’t the scenery as much as the ride that really makes ziplining cool. And the crew at Titi Canopy Tours make everyone comfortable and safe each and every time. They are a class act.

But, they’re not making as much money as they could be. . . Continue reading “Common Marketing Mistake: Leveraging Assets”