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Goal Conversions. What? Why? How?

Polly Buckland
Polly Buckland

Website Goal Conversions are supremely important if you are concerned with measuring the ROI of your website.

They’re also pretty darn important if you’re serious about digital growth and understanding your lead generation hot spots. As usual I’m going to start this blog with some assumptions, those being you: 

  • Have Analytics set up on your website
  • Know what you want to achieve on your site
  • Have clear actions on your site that you’d like to measure
  • Know what these conversions mean to your business in terms of value
 
NB. Before we move on, throughout this article we will be talking about Google Analytics, but most of what is covered can also be applied to other analytics platforms.

Goal Coversions. What?

Where Google Analytics is concerned a ‘goal’ is a measured action on your site where a user interacts with your content. This can include a button click, resource download, item purchased, form completion, newsletter sign up etc. Once your visitor completes an action, this is recognised by your analytics and recorded within your data as a goal conversion.

Goal Conversions. Why?

The primary reason to set goal conversions on your site is to measure the ROI of your digital marketing activities. It also allows you to understand ‘cost per conversion’ so you can track back and understand the your best value marketing efforts… and then do more of what works for you.

Example

An average business may, on a quarterly basis run a social media advertising across multiple platforms, write guest blogs on high profile sites, send customer emails and run their own content strategy producing optimised blogs on a bi-weekly basis.

At the end of the quarter you can look at your goal conversions (to keep it simple) for contact form completion. For this example, let’s say there were 120 goal conversions – what makes the information valuable is that you can filter by acquisition which will highlight the most effective channels, and more importantly the best value channels.

ActivityCost of ActivityConversionsCost per Conversion
LinkedIn Ad£600 pcm20£30
Twitter Management£4501£450
Guest BlogYour time3£0
Organic Traffic (SEO)£100070£14.29

What activity would you choose? Probably a healthy combination of the lot as you must remember, the conversion will not be the sum of the value of each activity, there’s brand awareness, positioning, customer touchpoints, quality of the leads and more to consider.  

You can, of course, calculate the ROI of activity by tracking back any sales to the conversion point.

Learn from Failure

Probably a little harsh – but look at the elements on your site that aren’t converting. When you have set up goal conversions that remain inactive, it gives you a great opportunity to look at your proposition on the front-end. Is the page getting traffic? What is the bounce rate? Is the CTA or conversion opportunity clear both in terms of messaging & design. It might be that quite simply your audience doesn’t want what’s on offer.

Of course, if you choose to change up elements surrounding the conversion opportunity, keep an eye on the impact that this has on your conversion rate to see if your efforts pay off.

Goal Conversions. How?

We’ll leave this one to the experts because there is no better explanation out there.

NEED SOME HELP?

Lead Generating

Do you need a team to assist with your marketing to increase conversions? From getting your site ready to convert to testing out the “hook” a flexi-extension of your team to ease that burden sounds pretty good right now, doesn’t it?

Glasses on a table with a keyboard and ear buds.

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