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Internet/E-Commerce
How do I convert hits on my site to a dollar value?
I'm creating my own e-buisness which will offer a service. How do I value the number of hits to a dollar value?

Asked by matt
Posted: Wednesday, August 22, 2007  |  Found in Internet/E-Commerce

More answers by Roy Williams
Answer by Roy Williams
Divide total sales by unique visitors and you'll establish a dollar value per unique visitor. In other words, if you bring in 100 dollars in sales per 1,000 visitors, your visitors will have a value of 10 cents each. Bring in twice as many visitors and you'll bring in twice as much money. The only ways to alter this equation are to (1.) sell a higher priced product or service to the same number of visitors, or (2.) sell a higher percentage of visitors who come to your site. The percentage of visitors sold is your conversion rate. Better websites have higher conversion rates. Good luck to you.
Roy Williams is the founder and president of international ad agency Wizard of Ads. He's also the author of numerous books on improving advertising efforts, including The Wizard of Ads and Secret Formulas of the Wizard of Ads.

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