This online marketing conversion calculator is a tool that lets you analyze the whole process of internet marketing and sales, from ad views to actual sales and return on investment. You can use it to simulate your marketing funnel and decide whether the online business you just set up will be profitable. This article will take you through it step-by-step, explaining what all of the perplexing acronyms mean.
Even if you create the best ad in the whole Internet, most people will never even take a second look at it, but frantically search for an "X" in the corner. Only some will click on the ad, but that doesn't mean you have them in your pocket! Most of them will leave your website and never come again. Some will become potential customers, interested in your product. That's not the end of the funnel, though - not all them will decide to purchase your product and become factual customers.
Our calculator lets you determine the amount of people at each stage of the funnel. You need to make a few assumptions for it to work, though:
Advertising online doesn't come free. You probably pay a lot for your ads on multiple websites at once. Our calculator lets you find out how high is the price of your marketing at each stage - be it per click or per customer.
Was setting up the ads worth it in the first place? The third section of the online marketing conversion calculator helps you decide on that. Simply type in the revenue you made in total on your products, and this calculator will help you calculate all of the statistics.
You can open the advanced mode to calculate your prospective revenue, basing on the assumption that each customer gets more than one sales contract.