One way of utilizing SWOT is matching and converting. Matching is used to find competitive advantages by matching the strengths to opportunities.
Converting is to apply conversion strategies to convert weaknesses or threats into strengths or opportunities.
An example of conversion strategy is to find new markets.
What is an example of conversion strategy
Some examples of conversions include: Signing up for emails. Filling out a contact form.
Visiting certain pages on your website.
What is the first phase of the conversion funnel
Awareness. The first step in your conversion funnel will be to pull visitors in.
As the name suggests, you can do this by raising awareness of your business and products.
What are the three major conversion strategies
Parallel conversion. Gradual, or phased, conversion. Modular conversion.
What is direct conversion method
Direct conversion is an implementation process that involves essentially “switching off’ the current system entirely and “switching on” the new system to take its place all at once.
The old system is no longer available for use from that point onward.
What are the 4 conversion methods?
- Parallel conversion
- Direct conversion (also called “Big Bang”)
- Pilot system (also called “Single-location installation”)
- Phased conversion
What are the four types of conversion?
- Parallel Conversion
- Direct Cutover Conversion
- Pilot Approach
- Phase-In Method
What is a good conversion rate
What’s a good conversion rate? A good conversion rate is above 10%, with some businesses achieving an average of 11.45%.
Earning a good conversion rate places your company in the top 10% of global advertisers, which makes your conversion rate two to five times better than the average conversion rate.
What are some of the top conversion tactics?
- Segment your email campaigns
- Develop better landing pages
- Convert in real-time
- Think mobile-first
- Implement a rewards program
- Nail your CTAs
- Bring them back with remarketing
- Focus on building value
What are the four sorts of relationship bonds
This frame- work depicts four levels of bond that the service provider can deploy: financial, social, customization and structural.
For many, this type of bond represents the starter pack in terms of building customer relationships.
What are the four levels of relationship bond?
- Financial Bonds
- Social Bonds
- Customization Bonds
- Structural Bonds
What are four system installation methods
There are four approaches of installation; direct, parallel, single-location and phased installation.
What are the types of implementation methods?
- Direct changeover
- Parallel running, also known as parallel
- Phased implementation
- Pilot introduction, also known as pilot
- Well-trade
References
https://www.bamboohr.com/hr-glossary/retention-strategy/
https://www.mailmunch.com/blog/top-conversion-tactics
https://andrewchen.com/how-to-measure-if-users-love-your-product-using-cohorts-and-revisit-rates/
https://open.lib.umn.edu/humanresourcemanagement/chapter/7-2-retention-plans/
