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CR: Conversion rate

Definition of

CR: Conversion rate

CR is a metric that measures the percentage of visitors to a website who take a desired action, such as making a purchase or signing up for a newsletter.

Detailed Description of

CR: Conversion rate

Conversion rate (CR) is a key metric used in product management to measure the success of a product. It is the ratio of successful conversions (purchases, sign-ups, etc.) to total visitors or users. It is an important metric for product managers because it helps them understand how well their product is performing and how effective their marketing and user experience strategies are. A higher conversion rate indicates that more people are taking the desired action, while a lower conversion rate indicates that fewer people are taking the desired action. Product managers can use this information to make adjustments to their product and marketing strategies in order to increase conversions.

Examples of

CR: Conversion rate

Conversion rate is the percentage of visitors to a website who take a desired action. This action could be anything from making a purchase, signing up for a newsletter, or downloading an app. The higher the conversion rate, the more successful the website is at converting visitors into customers or leads.

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