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Understanding conversions report

What las 3 columns mean

         

silverbytes

2:50 pm on May 17, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



I got some conversions finally but really don't understand exactly what the report means. (I didn't enter a specific value for the conversion in the advanced option, since those sales have different prices, I guess the value 1 is assigned by default)

The last 3 columns on your right in panel are:

Cost U$ (never mind)
Conversion rate 0,48%
Cost /Conversion U$6,63

What does those mean exactly?

Does that mean I spend U$6,63 for every conversion? (no matter how much I get for that conversion?)
And I convert almost 1 time every some 200 clics? (almost a 0,5%)

(Consider I'm translating so perhaps columns have other works in original english, but I'm referring to last 3 columns on right)

AdWordsAdvisor

10:51 pm on May 17, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



What does those mean exactly?

Silverbytes, here is some info from the AdWords Help Center:

Conversion Rate: [adwords.google.com...]

The number of conversions divided by the number of ad clicks. Note that the conversion rate should not be greater than 100%. Conversions are only counted on Google and some of our Google Network partners. The conversion rate is adjusted to reflect only the ad clicks on which we can track conversions.

Cost / Conversion: [adwords.google.com...]

The total cost divided by the total number of conversions. This statistic gives you the amount spent per conversion. Conversions are counted only on Google and some of our Google Network partners. The cost-per-conversion is adjusted to reflect only the cost of ad clicks on which we can track conversions.

Lots more info on Conversion Tracking:

Setting up and Using Conversion Tracking
[adwords.google.com...]

You might be especially interested in the third item from the bottom (on the page linked-to above) which takes you to an extensive document - something like 17 pages of info:

Guide: Google AdWords Conversion Tracking Setup Guide (PDF)
[adwords.google.com...]

AWA

silverbytes

1:47 pm on May 18, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Thanks! Isn't under 1% a poor conversion rate?