CVR (Conversion Rate) is a metric that shows what percentage of website visitors achieved the target goal (conversion).
Formula
CVR (%) = (Number of Conversions ÷ Number of Visitors) × 100
Example Calculation
If there are 10,000 visitors and 250 conversions:
CVR = (250 ÷ 10,000) × 100 = 2.5%
Guidelines
Although it varies by industry and product, typical CVR guidelines are:
• Less than 1%: Needs improvement
• 1-3%: Average
• 3-5%: Good
• 5% or more: Excellent
Appropriate values vary greatly by business type, such as B2B products or e-commerce sites. Comparing with your own historical data is important.