Victor Akintunde
What is B2B conversion rate optimization?
B2B conversion rate optimization (CRO) is the systematic process of increasing the percentage of prospects who take a desired action, often on a B2B website or landing page. The desired action is typically filling out a form, downloading a gated resource, or completing a purchase.
But there’s far more to it than just tweaking a button or changing a headline.
Imagine you’re at a busy trade show, where every conversation could lead to a big sale. B2B CRO is like working toward having the best pitch at the show, fine-tuned through every interaction to maximize the impact and returns.
It isn’t just about making minor changes; it’s about deeply understanding what drives and motivates your prospects, and then crafting experiences that speak to those motivations.
Whether you’re focused on improving the visitor experience on your sales pages, personalizing your interactions, or simplifying the path to conversion, every tweak and every CRO test
How to calculate B2B conversion rate
The formula for calculating conversion rate is quite simple in practice, but you’ll first need to decide which elements will make up each variable in the formula.
First, here’s the formula:
B2B conversion rate (CR) = (desired actions taken / opportunities for desired action to happen) x 100
Put simply, it’s your success rate of a given action.
On a landing page: CR = Form submissions / landing page visits
At a conference booth: CR = Badge scans / booth visitors
On a product page: CR = purchases completed / product page visits