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Industry Overview: Conversion Rate Optimisation

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Conversion rate optimization is like a game where you try to get as many people as possible to do something you want them to do. It's kind of like a game of "Simon says."
 
Let's say you own a lemonade stand and want people to buy your lemonade. You might try different things to see which ones make more people want to buy your lemonade. Maybe you'll try putting up a sign that says "Best Lemonade Ever!" or you'll have your little brother wear a silly lemon hat to get people's attention.
 
By trying different things, you might find out that more people buy your lemonade when you have the sign up or when your little brother wears the hat. So you'll keep doing those things because they help you sell more lemonade.
 
That's kind of like what companies do with conversion rate optimization. They try different things on their website or in their advertising to see which things make more people want to buy their products or sign up for their services. By figuring out what works best, they can make more money and be more successful.
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Tools that help with Conversion Rate Optimization

Conversion rate optimization (CRO) tools collect data about your website and its visitors to help you understand how people use your site and identify and test potential changes to increase conversion rates.
 
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Conversion Rate Optimization (CRO) Software Market This market is expected to grow at a CAGR of 5.16% during 2022-2029, and market is expected to reach US$ 2.83 Bn. by 2029. https://www.maximizemarketresearch.com/market-report/global-conversion-rate-optimization-cro-software-market/110801/
 
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There are 4 types of CRO tools:
  1. Web Analytics Tool
  1. Behavior Analytics Tool
  1. CRO Testing Tool
  1. Lead Capture Tool
 
 
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