I never paid much attention to the whole notion of the 10,000 hour rule. You know, the rule that says it takes around 10,000 hours to master something. It just always sounded to me like a random high number someone just pulled out of thin air. After having spent the equivalent of 10,000 hours learning, working in, and teaching conversion optimization, I now understand the significance of putting in the time to achieve proficiency in a skill. But I also know that not everyone has that kind of time to devote to something.....so I wrote a book!

We love getting into the nitty gritty of conversion rate optimisation here at dexter.agency whether that’s reading research reports, discovering new techniques or playing around with the latest tools. We searched high and low for tools to cover everything you need to do along the conversion research and testing process.

Artificial Intelligence (AI) is hot. Not a day goes by without some article about a ground-breaking new AI application. For laypeople – like myself – it often sounds like abstract hocus pocus. And frankly, sometimes it's flat-out scary shit. Not surprising, then, that big names like Stephen Hawking, Elon Musk and Steve Wozniak are warning about the dangers of AI.

Every site is different They have different target audiences, different problems and different solutions for those problems. But they have one thing in common: they need a value proposition. If you do it right, your value proposition is going to be one of your best conversion boosters. In contrast to what you might think, visitors to your site often don’t know what your site’s about when they land on it. You would assume they know because you explained in the ad they just clicked on. But not everyone reads your ads. People sometimes just randomly click on stuff without really knowing where they’re going.

Every time I talk about conversion optimization with my clients, I’m asked the same question: 'Do those details really make a difference?' I know. We are talking about small adjustments that seem so minimal it’s almost beyond belief that they can make a difference. The word optional next to a field in a fill-in form, a call-to-action button, a line of micro-copy at checkout. Just details, right? Nothing could be further from the truth. It is precisely those details that determine whether your visitor crosses the finish line. This is especially true for 7 or 8 figure e-commerce sites, because even half a percent change in conversion rate can mean a few hundred thousand dollar change in yearly revenue.

It seems like everyone wants A/B testing these days. Unfortunately, it doesn’t always make sense. It might even be a waste of your time (and visitors). Don’t get me wrong, we love A/B testing. We do it all the time. But only when it makes sense for our clients.

Are you doing a complete redesign of your site, or planning a redesign soon? Maybe you want more conversions and you think that a redesign is the solution? I am afraid I have bad news. The chances are good that your new site will make little or no difference. It might even cause your conversions to plummet. For a 7 or 8 figure e-commerce store, too much change at once can kill your conversions. 

Checkout abandonment (aka cart abandonment) means that you’re losing a visitor in the cart or checkout of your site. Actually, you’re not losing just a visitor. You’re losing a buyer. Think about it. They’ve added something to their cart and many of them have even proceeded to the checkout. They weren’t your average visitor anymore. These people wanted to BUY something from you. And yet, they didn’t. According to a recent study by the Baymard Institute, a sad 68% of all e-commerce visitors abandon their shopping cart. That’s almost unbearable. On average, more than two-thirds of all visitors go through the trouble of finding the right product, adding it to their cart, maybe even starting the checkout, but still don’t complete the purchase.

Forms are essential in any checkout. And yet so many people get it wrong. And that causes customer drop off. Waste. Anyone who gets to your form is no longer just a visitor, they’re a buyer. Each improvement that you make in your checkout form will have a significant impact on your revenue. In my opinion, it just takes five steps to create the best-converting checkout form.

You will get two different answers to the questions 'what is an average/good conversion rate for e-commerce?' First, the answer to what an average conversion rate is according to research. And then the answer to what a good conversion rate is.

Ecommerce Conversion Rates by Industry

Ok, let’s start at looking at the average ecommerce conversion rates from Monetate, both globally and for the US and the UK: