It is clear that web audio and web video are taking the Internet by storm. Many webmasters are realizing that although it is very important to get more traffic to their websites that it is even more important to convert traffic into sales.
Many internet marketers agree that a conversion ratio, between website traffic and website sales, of between 1% and 3% seems to be the industry norm and that 2% is a good average ratio. What this means is that, on average, only 2 out of every 100 visitors will actually become a customer.
Webmasters often make the mistake of only focusing on ways to attract more traffic instead of also finding ways of converting more visitors into customers. However, more and more webmasters are realizing that website success is a two tier approach, namely:
1) Getting Traffic, and
2) Converting Traffic into sales.
In the case of paid advertising, very often website traffic can only be increased by spending more on advertising. It is common for the ratio between traffic and advertising to be 1:1, meaning that if you are currently spending USD 100 to get 500 website visitors you will need to spend USD 200 to get 1000 website visitors.
With the cost of paid advertising becoming more expensive, many webmasters are now looking for ways to rather increase the conversion ratio between traffic and sales instead of spending more money to attract more visitors.
A 2% traffic versus sales conversion ratio leaves a lot of room for improvement and by only increasing the ratio by 1% to 3% sales would in fact increase by 50%. Talk about powerful leverage, and without spending extra money!
Sounds great but seems like a daunting task? The advent of web audio and web video have given webmasters access to a great tool for breaking the silence of the world-wide-web.
Instead of visitors coming across a “silent movie” type of website (actually even worse than an old black-and-white silent movie) they can now be greeted by a warm and friendly voice that make the website seem a lot more human and customer friendly, thanks to web audio.
By using web audio, a webmaster can tell his visitors more about the site, the products or services being offered and let them know exactly what to do when they are ready to place an order.
It has also been proven that web audio can significantly increase ezine opt-in rates by simply explaining to visitors the benefits of signing up for a free newsletter in a couple of sentences.
Research have shown that by adding web audio, it is not uncommon for website performance to increase by up to 312% This is equal to increasing a 2% traffic versus sales conversion ratio to over 8% without spending any additional money on advertising.
A common concern for webmasters, that have no prior experience using web audio as a marketing tool, is that they think it is difficult to install web audio buttons on their web pages. In fact, nothing can be further away from the truth.
A good flash audio software program should allow you to add web audio to any web page in less than 3 minutes.
It is clear that web audio has had a dramatic impact on internet marketing and we can safely assume that it will continue to grow in importance as more and more webmasters realize the importance of converting more traffic to customers instead of only focusing on ways of getting more traffic.
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