Calculate your lead conversion rate to understand how effectively your marketing efforts are converting leads into customers
Learn how to use the Lead Conversion Rate Calculator and understand its importance in business metrics
Lead conversion rate is a critical metric that measures how effectively your marketing and sales efforts are turning potential customers into actual customers. A higher conversion rate indicates more effective lead generation and nurturing strategies.
If you generated 500 leads in a month and 50 of them converted to customers, your conversion rate would be calculated as:
(50 / 500) × 100 = 10%
While there's no universal "good" conversion rate, benchmarks vary by industry. Generally:
- Below 10%: Consider significant improvements needed
- 10-20%: Average performance
- 20-30%: Good performance
- Above 30%: Excellent performance