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Conversion Rate
n.
Pronunciation
/kənˈvɜrʒən reɪt/
Acronym
Definition
The percentage of users who take a desired action on a website.
Conversion rate is marketing statistic used to gauge the performance of a website converting visitors to customers. The primary example would be the number of website visitors that end up buying a product. The desired action does not have to be a purchase, it can be signing up for a mailing list or sharing a link as well. High conversion rates indicate the website is doing an effective job of directing the visitors to the products they need.
Category
Marketing
Related Terms
Conversion, Visitor
Index
Product Information Encyclopedia
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