What percentage of first-time visitors convert vs returning visitors?
As an e-commerce business owner, I'm trying to understand the conversion dynamics between first-time and returning visitors. I want to know the typical conversion rates, what factors influence these percentages, and how I can improve performance for both segments. My goal is to develop strategies that not only attract new visitors but also encourage repeat purchases and build customer loyalty. Understanding these conversion benchmarks will help me allocate marketing resources more effectively and design more tailored conversion optimization strategies.