Getting high conversion rates is often an incremental process. You start with a sales letter that converts at just 0.2%; then through incremental adjustments, experimentation and testing you gradually inch that up to 1%, 2% or even as high as 8% as some industry leaders claim.
Here are a few strategies you can use to increase your conversion rate.
=> Experiment with Multimedia
There are a few forms of multimedia that have a very good shot of increasing your conversion.
First is the sales video. In general, having a video play automatically when they land on your page will increase conversions, provided the video is a good one.
The video should explain the problem clearly and explain why your product is unique in being able to help your visitor.
The video could actually be you, talking to the camera, or it could be a graphical demonstration. It could even be an animation.
Another kind of multimedia that works very well is having a “salesperson” walk onto the screen and explain the benefits of the product. This is done through Flash. Generally, you’ll need to hire an outside firm to read the sales script and create the Flash animation, which could cost anywhere from $400 to $1,000.
=> Build a Newsletter
If you aren’t already building a newsletter, you’re missing out on perhaps the easiest way to increase your conversion rate.
Selling over time is far, far more effective than selling just once. Build a newsletter, provide real value to cultivate customer loyalty and sell your products repeatedly over time.
=> Split Testing
You’ll want to split test just about everything on your site on an ongoing basis. Most importantly, however, is split testing everything that’s above the fold.
Anything above the fold, including the headline, the pictures by the headline, the layout, the banner, etc. all need to be tested.
Test both your email capture page and your sales page. In fact, often times testing your email capture page will have a larger influence on your bottom line than your sales pages.
Test as much as you can, with getting enough traffic to get statistically significant data as your only barrier.
=> Brand Building
One often overlooked method of increasing conversions is building your brand.
Why is it that people would rather buy a book from Amazon.com than any other source online, even if the price is cheaper?
It’s because of Amazon.com’s brand. People know that when they buy from Amazon, they’ll be taken care of. The same can’t be said of some other online bookstores.
This principle applies in all kinds markets. Names of great websites, products and teachers spread through the grapevine in an industry.
If someone’s already heard about your product, your conversion rate will be much, much higher.
Don’t just look at conversions in terms of statistics. Building your name in an industry by speaking at conferences, doing joint venture deals, being in other people’s products and just constantly being a figure in the industry can go a long way towards increasing your conversions.
These are a few powerful strategies for increasing your conversions. With proper testing and experimentation, your conversions can and will rise. Many of the most lucrative websites on the internet required extensive testing before they became what they are today.