There are entire communities that have been built around concepts pertaining to maximizing your business and allowing it to reach its full potential, but suffice it to say that most of the useful information you’d be looking for can be drowned out by the noise of a thousand voices. A big part of the reason why that is the case has to do with the fact that people often go to these forums to discuss all sorts of random things, and that can sometimes make it so that you wouldn’t be able to find actionable data including answers to straightforward questions.
It can be frustrating if you are looking for a basic response to the question of what kind of conversion rate is good for a business in your niche, so we are going to simplify matters by answering it based on our expertise. Now, we know that you eagerly desire one number that you can quote to your hired conversion rate service, but you should know that it would be disingenuous for us to boil such a complex issue down to such a drastic degree.
You see, a good conversion rate for a business can be anywhere from 3% to 30%. Extremely competitive businesses that have a strong foothold in their niche can expect double digit conversion rates at any given point in time. If your business is still in the earlier stages, aiming for 7% can be useful in some way, shape or form. It’s best to be realistic lest you get disappointed since that can lead to burnout and a failure to reach the various goals you had tried to set for yourself.