While some websites aim to boost sales, others could be made to increase brand awareness and encourage advocacy. A customer care chatbot that works to turn site visitors into leads and later, paying customers. Simply said, a website’s ROI is a metric used to assess a website’s productivity. It evaluates a website’s return on investment in relation to its price.
Most website owners use it because it is free, easy to navigate, and allows you to link your website to specific goals and evaluate its performance. Although determining the cost of investment is relatively straightforward, the investment value or profit may be difficult to determine. This is due to various factors like hidden costs, productivity, and so on. It is important to put all possible factors into consideration to know the true value of your website’s ROI.
Many people with visual impairments use screen readers to browse the web—machines that essentially read the site aloud. If the screen reader can’t read the site or present it in a sensible manner, the site is not accessible. Additionally, lack of sufficient color contrast between text and the site background may make the site hard to read for people with colorblindness. It behooves every company to reduce this risk by retrofitting their websites to be ADA-compliant.
The additional soft conversions that you pull in each year build over time, increasing the likelihood of close in future years like a snowball effect. We’ll consider the most important and quantifiable goals for this example as the number of hard conversions , and the number of soft conversions monthly. Designed to showcase your brand USPs and e-commerce needs, a bespoke site can give you a competitive advantage over your competitors and a unique user experience. One of the golden rules of web design is to eliminate every excuse for a user to leave a site.
Brian is Marketing Strategic Planner with a passion for all things digital. Feel free to follow him on Twitter or schedule a consultation call with him. Vulnerable WordPress plugins and themes are the #1 reason WordPress sites get hacked, but keeping track of every new plugin and theme vulnerability is hard work. Get the weekly WordPress Vulnerability Report delivered right to your inbox to help keep your website secure. Considering your initial $5,000 annual cost of designing your website, you have an annual website ROI of 260%. Once you have your data, you can use a spreadsheet or any other tool to organize it into an accessible database.
Is the navigation logical to someone unfamiliar with your company? Can all of the major questions a website visitor may have be answered quickly? If not, you’ll need to address the organization of the website’s content and pages, or consider if a full website redesign is a better choice rather than retrofitting it. Since 2008, Bush Marketing has been helping businesses succeed with effective strategies that focus on growth. Get in touch with us today to learn how we can help you reach your business goals. Your site’s content should match the search intent of your website visitors.
Evaluating your website ROI will tell you what aspect of your website to improve, so you can hire the required professionals for the job. For instance, if you notice a progressive decrease in your ROI over time, this may be due to your website interface, content, or design. The ROI generated by your website largely depends on the effectiveness of your marketing strategy.