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Top 5 CRO Metrics
The most important five key performance indicators every conversion rate optimization team should understand and monitor to optimize the quality and efficiency of their efforts.
Ad Cost Per Goal Conversion
Ad Cost per Goal Conversion is the amount of money spent on an ad that leads to a goal conversion. It is used to measure the investment in a single advertisement required to achieve a set goal.
Cost per Activated Lead
Cost per Activated Lead measures the costs involved in generating one activated lead. An activated lead is a potential customer who demonstrates intention to purchase your product.
Goal Completion Rate
Goal Completion Rate is the count of the number of visitors who have completed all components of a goal, divided by the total number of visitors. A goal is considered complete only when a lead or customer completes all actions associated with the goal.
Goal Completions
A Goal represents a completed activity that you have defined as important to the success of your website or business. Goals can capture a number of completed actions, such as completing a form, downloading a brochure, or making a purchase. Goals and in particular Goal Conversion Rate are vital in measuring the effectiveness of your website and business objectives.
Visitor to Lead Conversion Rate
When tracking your Lead Conversion Rate, it's best to view changes in your conversion rates over time with a line chart. You can also use a bar chart to segment your conversion rate data by lead source or advertising channel. Take a look at the sample charts for an idea of how to visualize your Lead Conversion Rate data.