There are few key performance indicators that everyone focuses on for an e-commerce store: conversion rates, average order value and the number of monthly visitors. These metrics translate into money in the bank (or lack thereof).
Each of these KPIs is influenced by a variety of other metrics that causes them to go up or down.
It is important to state that abandonment rates are incredibly site specific. Establishing market standards for them is difficult. Each site, with its customer base and specific audience, will require its unique evaluation and solutions.Read More
Bayesian versus Frequentist Statisticians: the war is real
Imagine that you wake up in the one morning and you don’t remember anything from your previous life. You’ve erased all memories from your previous days.
Pretty intense and terrifying, huh?
Well, that’s how Bayesian statisticians describe frequentist colleagues because frequentist statisticians do not use any prior knowledge. Everything you learn about the world is through the lens of events that are happening at the moment and currently.
Michael Hochster explains;
“The essential difference between Bayesian and Frequentist statisticians is in how probability is used.”Read More
Did you know that 40% of people say they have purchased a product online as a result of seeing it being used by an influencer on social media? 72% of customers trust a business more after it is recommended by an influencer whereas 49% of consumers rely on product recommendations shared by influencers for their purchases.
Check out our infographic to know about the growing importance of social media influencers and how social media influencers impact online buying decisions.Read More
More than (51%) half of retailers offer same-day delivery and 65% plan to offer it within two years. 49% of shoppers say that same-day delivery makes them more likely to shop online. Check out our infographic on the importance of Same Day delivery and latest same-day delivery statistics and trends.Read More
Did you know that Influencer marketing delivers 11X higher ROI than traditional forms of digital marketing and 94% of marketers who used influencer marketing believe the tactic to be effective. 48% of marketers in the US who have used influencer marketing plan to increase their budget for influencer-focused campaigns. Check out our infographic on Influencer marketing to know the importance of Influencer marketing and latest influencer marketing statistics and trends.
Infographic by- Invesp Conversion Optimization Company
To Publish this Image on your Blog or Website . Copy this …Read More
It all started with a simple tweet from Elon Musk announcing that he acquired x.com.
Danny Sullivan responded with a light-hearted tweet about what ranks for x at this point.
Things would have stopped at this until Chris Portscheller injected himself into the conversation, dismissing the value of SEO when it comes to ranking.
It is surprising how some developers and UXers are still wrapping their heads around the benefits of SEO and the value it provides in building brands.Read More
Equal to that is the lack of basic understanding of CRO and its principals most SEOs …
As interest grows in conversion optimization and A/B testing, marketers are always searching for a new design that will generate significant uplifts in conversion rates. Because the majority of AB tests fail to produce any meaningful results, many marketers are too eager to declare a winner for a split test.
So, even in the few instances where a testing software declares a winner, there is a good chance that you merely identified a false positive.
How do you avoid that?
You start by having a good handle on A/B testing statistics to ensure that your data is collected and analyzed …Read More
Did you know anywhere from 80% to 90% percent of A/B tests do not produce any significant results?
Only 1 out of 8 A/B tests drive significant change.
Done incorrectly, some marketers have begun to question the value of A/B testing…
…their A/B test reports an uplift of 20% and yet, the increase reported by the AB testing software never seems to translate into improvements or profits.
“Most winning A/B test results are illusory.” (Source: Qubit)
Furthermore, the majority of arguments that call for running A/A testing consider it a sanity check before you run …Read More
- The Ultimate Guide to Persuasive Online Copywriting
- E-commerce Product Videos – How Videos on Product pages Can Increase Conversion Rate of E-commerce Website
- E-commerce Abandonment Rates
- Bayesian vs Frequentist A/B Testing – What’s the Difference?
- The Ultimate Goal: Conversion Optimization vs. Retention Optimization
- How Social Media Influencers Impact Online Buying Decisions- Statistics and Trends
- Value Proposition:What is It, How It Works, And Why You Should Pay Attention to It
- Are Customer Journey Maps More Than A Pretty Diagram? Are They Worth The Investment?
- The Importance of Same Day Delivery – Statistics and Trends
- A Case Against Personas
Latest Blog Posts