5 Basic Equations to Calculate Conversion Rates
Overal conversion rate:
Conversion Rate = Total Number of Sales / Number of Leads * 100
Conversion rate at any stage of a funnel:
Conversion Rate = Total Number of Leads Aquired / Number of Leads Approached * 100
Website conversion:
Conversion Rate = Total Number of Sales / Number of Unique Visitors * 100
Value of 1 lead:
Lead Value = Value of Sale / Number of Leads
Amount of leads needed to reach a financial goal:
Conversions Needed = Desired Revenue / Lead Value