The most popular question I am asked is “what is the average conversion rate?” People love to benchmark themselves against others. Every month we publish the top 10 converting retail web sites and additional benchmarks here on GrokDotCom.
Unfortunately, similar sources don’t exist for lead/demand generation websites. If that data would be valuable to you, then please take 2 minutes to complete the survey below. It’s our first pass at collecting this data. We’ll be happy to share the results with you.
Please take the lead generation benchmark survey.
P.S. If you haven’t downloaded our white paper on increasing qualified leads online, you can still grab it now.
March 16th, 2009
8:01 am
Would love to see average lead gen conversion rates – thanks!
March 16th, 2009
12:11 pm
MarketingSherpa has benchmark stats for B2B lead gen, though they’re only accessible via a paid report. If I remember correctly, the most recent one I saw from 2008 showed B2B conversion rates for paid search at 5.74% and SEO at 2.3%.
My B2B clients see between 10-23% average conversion rates off of PPC, though, so those numbers seem very low to me.
March 16th, 2009
2:22 pm
I would also like to see conversion rates by industry. Not just the top converting sites, but the average.
March 16th, 2009
3:23 pm
The conversion rates for inquiries(not qualified leads) over one year has been established by research to be 45%. This means 45% of the raw inquiries convert for someone. The problem is that the follow-up rate by salespeople is somewhere between 10%-25%. This means most companies are only speaking to 25% of the buyers. Hence, the entry of telemarketing firms that follow-up and pursues inquiries for their clients to create sales ready leads(and much higher closure). There are many articles on the Sales Lead Management Association site that discuss this. The stats are also quoted in the two known books on the subject of lead management: Managing Sales Leads, How to turn Every Prospect into A Customer (available as a used book); Managing Sales Leads, Turning Cold Prospects into Hot Customers (new). The just published book, Find Lost Revenue, also has a chapter on this subject. All are available via Amazon.
March 16th, 2009
4:25 pm
There is no such thing as an avg conversion rate. It’s all relative to the channel, product, and industry.
March 20th, 2009
10:48 am
It is also highly relevant what goals or conversions are measured; so many people will class different things to be lead generators. nowadays millions of people using GoAn for example.
It is also pointless having an average of almost all things analytical, raw numbers and facts about individual queries or individual people or personas are what people should be looking for , certainly not an average number.
April 13th, 2009
1:35 pm
Establishing an average is misleading without running a pilot. Almost dangerous if you are planning your marketing budget. I have seen a lot of companies decide on a number not knowing how their products will be received in the market. My suggestion is to first do a pilot then come up with an average.
August 16th, 2009
12:57 pm
where are the results of the survey at?
October 9th, 2009
11:44 pm
I would also like to see conversion rates by industry. Not just the top converting sites, but the average.