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Marketing

What is Conversion?

Last updated: January 15, 2025

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TL;DRExampleExplanationWhy It MattersRelated Terms

TL;DR

A conversion is when a visitor takes a desired action: buying a product, signing up for a newsletter, filling out a contact form, or any other goal you define.

Example

You have 1,000 visitors to your website. 30 of them buy something.

Your conversion rate is 3% (30 ÷ 1000 × 100).

Types of conversions:

  • Macro conversions - The main goal (purchase, signup, booking)
  • Micro conversions - Smaller steps toward the main goal (adding to cart, watching a video, downloading a guide)

Conversion rates vary by industry:

IndustryTypical Conversion Rate
E-commerce1-3%
SaaS3-7%
Lead generation2-5%
Landing pages5-15%

A "good" conversion rate depends on your context. A 2% rate might be excellent for luxury goods but poor for a free newsletter signup.

Explanation

Conversion Rate Optimization (CRO)

CRO is the practice of increasing the percentage of visitors who convert. Instead of just getting more traffic, you make better use of the traffic you have.

What Affects Conversion Rates

Value proposition - Is it clear what you offer and why it matters?

Trust signals - Reviews, testimonials, security badges, money-back guarantees.

Friction - Every extra step, form field, or point of confusion reduces conversions.

Speed - Slow pages lose customers. Each second of delay can reduce conversions by 7%.

Call-to-action - Is it clear what you want visitors to do? Is the button visible and compelling?

The Conversion Funnel

Visitors don't convert immediately. They go through stages:

  1. Awareness - They find your site
  2. Interest - They browse, read, explore
  3. Desire - They consider buying/signing up
  4. Action - They convert

Each stage loses some people. Your job is to minimize those losses.

Why It Matters

For Business Owners

Leverage your existing traffic. Doubling your conversion rate has the same effect as doubling your traffic, but it's often easier and cheaper.

Math that matters:

  • 1,000 visitors × 2% conversion × 500 kr average = 10,000 kr
  • 1,000 visitors × 4% conversion × 500 kr average = 20,000 kr

Same traffic, double the revenue.

Small changes, big impact. Sometimes a different headline, button color, or simplified form can significantly improve conversions. That's why A/B testing is so valuable.

Track the Right Conversions

Not all conversions are equal. Focus on conversions that actually matter to your business. 1,000 newsletter signups mean nothing if none of them ever become customers.

Related Terms

ROI

ROI (Return on Investment) measures how much money you make back relative to what you spent. It tells you if an investment was worth it.

KPI

A KPI (Key Performance Indicator) is a measurable value that shows how effectively you're achieving your business objectives.

CAC

CAC (Customer Acquisition Cost) is how much money you spend, on average, to get one new customer.

Bounce Rate

Bounce rate is the percentage of visitors who leave your website after viewing only one page, without taking any action.

A/B Testing

A/B testing (split testing) means showing two different versions of something to different users to see which performs better.

Funnel

A funnel is the step-by-step journey potential customers take from first hearing about you to making a purchase.

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