{"id":9182,"date":"2023-01-18T14:48:43","date_gmt":"2023-01-18T14:48:43","guid":{"rendered":"https:\/\/breadstack.com\/?p=9182"},"modified":"2023-08-23T13:41:54","modified_gmt":"2023-08-23T13:41:54","slug":"sales-conversion-rate","status":"publish","type":"post","link":"https:\/\/breadstack.com\/insights\/marketing\/sales-conversion-rate\/","title":{"rendered":"14 Ways to Increase Sale Conversion Rates"},"content":{"rendered":"\t\t
Increasing conversion rates is part of any sales strategy goal. If you have the traffic coming to your website, you need to be able to develop strategies to turn those website visitors into customers.<\/p>\n
We’ll give you some helpful tips for making that happen along with other information about conversion rates.<\/p>\n
Let’s get started.<\/p>\n
Conversion rate can be a term that gets thrown around loosely. Every business wants to increase its sales conversion rate but what does that exactly mean; what is a good conversion rate?\u00a0<\/span><\/p> Conversions rates will vary depending on the company and even the industry. A good conversion rate in a general sense is around 10%<\/strong>, with some of the top-performing companies nearing 11-12%.<\/span><\/p> Unbounce did a fantastic industry report looking at conversion rates – check out the report here <\/a><\/span>to find out where your industry and conversion rates stack up.\u00a0<\/span><\/p> Whether your conversion rate is at the top of 10% or around 5%, you can always find ways to improve your strategies to gain an increase<\/strong>.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t To calculate a conversion rate it\u2019s the number of sales divvied by the number of leads. After that has been collected multiply by 100 to get a percentage.<\/span><\/p> Conversion rate = (number of sales\/number of leads)* 100<\/strong><\/p> Let\u2019s look at an example.\u00a0<\/span><\/p> If you had 200 sales last month and 800 leads come in, then to calculate the conversion rate would be (200\/600)*100 = 25%<\/span><\/p> Your conversion rate for the month would be 25%<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Improving conversion rates is always going to be a goal for your business. It’s part of any successful sales strategy.\u00a0<\/span><\/p> You\u2019ll have times when things seem stagnant. Sticking with the same strategies isn\u2019t always going to work. There are a number of ways to try new sales tactics and increase conversion rates. But, how?\u00a0<\/span><\/p> Here are 14 ways of increasing sales conversion rates.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t A great sales strategy focuses on leads that matter. Leads can be any interest in a company, but the problem with leads is they can be good and bad.\u00a0<\/span><\/p> Good leads are people that have a general interest in the company that may be ready to buy and are assets in the sales processes<\/strong>.\u00a0<\/span>Bad leads are not all that interested in the company. Good leads can generate sales while bad leads can take up time.\u00a0<\/span><\/p> Narrowing down your leads will allow you to focus on the good leads only so you can have an easier time converting.\u00a0<\/span>Setting up your lead magnets to ensure good leads are entering the sales funnel will set you up for success.\u00a0<\/span><\/p> To narrow down the process asking more questions or setting up more barriers for those bad leads can be simple ways to get good quality leads.<\/span>\u00a0It\u2019s much easier for the sales team to sell to someone who is already interested in buying<\/strong>.<\/span><\/p> Looking to manage your leads? Check out “How to improve your lead management systems<\/a>“.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tHow to calculate a sales conversion rate?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Best sales strategies and practices<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
1. Focus on good leads<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t