Web Site Performance and Conversion: Get Out the Measuring Stick

Our Guest Post today comes from Jennifer Kennedy, Technology and Operations Specialist at Property Counselors Management Group in Fort Myers, Fl. Jennifer, thank you so much for sharing your thoughts and getting the conversation going. This is Jennifer’s second Guest Blog with us, her first post, Does Increased Web Traffic Draw Increased Sales had lots of comments!

Get Out the Measuring Stick

A few years back industry leaders were conveying the importance for properties to have a website and online presence.  This is when our team at PCMG decided to move forward with each property having its own website for current and future residents.   After the initial launch, we saw a significant increase in traffic.

However, it is far too easy to create the websites and then just set them on the shelf.   Are the photos currently on your site from the fun and exciting resident function you had last week or last year?   We have come to realize that it is critical to keep updating content and evaluating website performance.   We just completed revamping our entire company website, which is quite an undertaking that requires resources constantly allocated to website content and improvement.

Now that the websites are launched and the content updated, it is time to get out the measuring stick.  The primary purpose for a property website is to generate traffic and secure leases.  In order to properly evaluate these goals, standard metrics need to be in place.  We currently measure our website conversions for unique visitors that lead to an online guest card or a phone call to the property.    As a portfolio, websites are converting 5% of new visitors to an online guest cards and 4% converting to a phone call resulting in a 9% total conversion.

The most important part of measuring is that our efforts are producing new leases.   Portfolio results consistently show that any property that converts 10% of its new visitors has seen a boost in occupancy with most averaging a 3% increase.

There is nothing I would like to see more from our industry than coming to a consensus on how to measure website performance with benchmarks that we can gauge our results against. What measuring stick are you using to evaluate your property website performance?