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Average Website Conversion Rate by Industry – 2024

Reports
B2b Conversion Rates By Industry

Our research team recently conducted a meta-analysis of average website conversion rates, using data sourced from Jan 1 – Sept 30, 2023. In the tables below, we have listed the data, which can be used as benchmarks for marketing campaigns. 

In order to make proper use of this data, we will need to define the terms “website conversion rate” and “conversion” as we use them in this report.

Website Conversion Rate

The word “conversion” can mean many things; in its purest form, it is simply an action taken by a website visitor that has potential value to your business. In this report, we define “conversion” differently for B2C vs B2B businesses: 

To make these benchmarks more valuable, we have broken down the data in 3 ways: by Industry, Channel, and Traffic Source. 

B2B Conversion Rates by Industry

Industry Average Conversion Rate 
B2B SaaS 1.1%
Biotech 1.8%
Commercial Insurance 1.7%
Construction 1.9%
Engineering 1.2%
Environmental Services 1.3%
Financial Services 1.9%
Heavy Equipment 1.7%
HVAC Services 3.1%
Industrial IoT 2.6%
IT & Managed Services 1.5%
Legal Services 7.4%
Manufacturing 2.1%
Medical Device 1.5%
Oil & Gas 2.6%
PCB Design & Manufacturing 2.3%
Pharmaceutical 1.9%
Real Estate 2.8%
Software Development 1.1%
Staffing & Recruiting 2.9%
Transportation & Logistics 1.4%

Source: Conversion Rate by Channel

B2C Conversion Rates by Industry

Industry Average Conversion Rate 
Addiction Treatment* 2.1%
Apparel & Fashion 2.3%
eCommerce 2.2%
Entertainment 2.9%
Finance 1.7%
Food & Beverage 2.6%
Healthcare* 3.1%
Higher Education & College* 2.8%
Hotels & Resorts 3.6%
HVAC* 2.1%
Legal Services* 4%
Luxury Goods 1.4%
Pest Control* 2.5%
Real Estate* 1.7%
SaaS 1.2%
Solar* 1.8%

*For these industries, a conversion is defined as contact with the sales team.

Conversion Rate by Channel

Conversion Rate Channel

Channel B2C Conversion Rate B2B Conversion Rate
Organic Channels
Thought Leadership SEO 2.1% 2.6%
Organic Social 2.4% 1.7%
Email Marketing 2.8% 2.4%
Webinars N/A 2.3%
Public Speaking N/A 2.9%
Video Marketing .8% 1.3%
Paid Channels
PPC/SEM 1.2% 1.5%
PR 0.4% 0.3%
Account Based Marketing (ABM) N/A 3.8%
Direct Mail <0.1% 0.3%
Outdoor Advertising 0.4% 0.6%
Paid Social 2.1% 0.9%
Trade Shows N/A .7%

Source: Conversion Rate by Channel

Conversion Rate by Traffic Source

Conversion Rate Traffic Source

Traffic Source B2C Conversion Rate B2B Conversion Rate
SEO (Organic Search) 2.1% 2.6%
PPC/SEM (Paid Search) 1.2% 1.5%
Email 2.8% 2.4%
Direct 1.6% 1.9%
Referral 1.8% 1.1%
Organic Social 2.4% 1.7%
Paid Social (Other) 2.1% 0.9%
Paid Ads (Display) 0.7% 0.3%

Source: Conversion Rate by Traffic Source

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Evan Bailyn

Evan Bailyn is a best-selling author and award-winning speaker on the subjects of SEO and thought leadership. Contact Evan here.

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