{"id":4334,"date":"2013-04-10T06:00:08","date_gmt":"2013-04-10T13:00:08","guid":{"rendered":"http:\/\/bensettle.com\/blog\/?p=4334"},"modified":"2013-04-10T06:00:08","modified_gmt":"2013-04-10T13:00:08","slug":"why-conversion-rates-dont-really-matter","status":"publish","type":"post","link":"https:\/\/bensettle.com\/blog\/why-conversion-rates-dont-really-matter\/","title":{"rendered":"Why &#8220;Conversion Rates&#8221; Don&#8217;t Really Matter"},"content":{"rendered":"<p>Lately, I&#8217;ve been getting this question a lot:<\/p>\n<p><strong><em>&#8220;Ben, what kind of conversion rates do you get?&#8221;<\/em><\/strong><\/p>\n<p>I get why people ask this.<\/p>\n<p>Especially newer people.<\/p>\n<p>But really, it&#8217;s the wrong question to ask.<\/p>\n<p>Truth is, my answers to this question are 1000% irrelevant to anyone else but me, just as someone else&#8217;s answers to this question are 1000% irrelevant to anyone else but them.<\/p>\n<p>Why?<\/p>\n<p>Think about it this way.<\/p>\n<p>Imagine two businesses tracking conversions.<\/p>\n<p>Let&#8217;s assume all sales are 100% profit, and business A sells a $19 product to a list of 1000 people, and gets 100 sales &#8212; that&#8217;s a whopping 10% conversion rate and $1,900 in profit.<\/p>\n<p>Not too shabby is it?<\/p>\n<p>Let&#8217;s face it&#8230; that&#8217;s a HUGE conversion rate!<\/p>\n<p>Business B, on the other hand, sells a $1,900 product to a list of 1000 people and gets just 3 sales (a nearly non-existent &#8220;conversion rate&#8221;) &#8212; but banks $5,700 profit.<\/p>\n<p>Which would you rather be?<\/p>\n<p>Which makes the most money?<\/p>\n<p>This is why the ONLY person your conversions mean anything to is you. Especially since, for example, raising your price might result in less conversions but MORE profit.<\/p>\n<p>Even looking for a &#8220;benchmark&#8221; conversion is pointless.<\/p>\n<p>There is none.<\/p>\n<p>The only conversions that matter are yours.<\/p>\n<p>Not mine.<\/p>\n<p>Not some goo-roo&#8217;s.<\/p>\n<p>And not anyone else&#8217;s for that matter.<\/p>\n<p>More:<\/p>\n<p>I&#8217;m also convinced that almost everyone who does reveal their conversion rates (I never trust anyone who does &#8212; unless they have a legitimate reason to) is flat out lying or, at the very least, being intellectually dishonest. (i.e. they claim huge conversion rates, but fail to mention how it was to a list of 100 people or something statistically irrelevant).<\/p>\n<p>Bottom line?<\/p>\n<p>Focus on your sales and ROI.<\/p>\n<p>Not necessarily your conversion rates.<\/p>\n<p>Everything else will take care of itself.<\/p>\n<p>And yes&#8230;<\/p>\n<p>I believe the fastest and most reliable way (in my opinion) to increase your sales and ROI online is with the lowly email.<\/p>\n<p>It&#8217;s fast.<\/p>\n<p>It&#8217;s cheap.<\/p>\n<p>And, once you get the hang of it, easy.<\/p>\n<p>You can learn my system at:<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"http:\/\/www.EmailPlayers.com\" target=\"_blank\" rel=\"noopener\">www.EmailPlayers.com<\/a><\/strong><\/p>\n<p>Ben Settle<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lately, I&#8217;ve been getting this question a lot: &#8220;Ben, what kind of conversion rates do you get?&#8221; I get why people ask this. Especially newer people. But really, it&#8217;s the wrong question to ask. Truth is, my answers to this question are 1000% irrelevant to anyone else but me, just as someone else&#8217;s answers to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-4334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-email-marketing"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/posts\/4334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/comments?post=4334"}],"version-history":[{"count":0,"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/posts\/4334\/revisions"}],"wp:attachment":[{"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/media?parent=4334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/categories?post=4334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bensettle.com\/blog\/wp-json\/wp\/v2\/tags?post=4334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}