What’s an email conversion rate?

The email conversion rate is the rate at which your subscribers convert in response to an email. You can calculate it by dividing the number of conversions by one of three numbers:

  • The number of people you sent the email to
  • The number of people who opened your email
  • The number of people who clicked through your email

Your conversion rate will vary based on which of these numbers you choose to use since the pool of people you’re analyzing will change.

The right formula to find your email conversion rate will depend on which aspects of your email you want to analyze. For the subject line’s effectiveness, you might wanna check how many people who received the email converted. To help understand how your landing page affects conversion, you could calculate the rate at which people who clicked through converted.

The conversion you’re measuring doesn’t always have to be a purchase or subscription signup either. You could also examine how many people take an action that happens before purchasing, like downloading a resource.

What is a good email conversion rate?

The short answer is, “It depends.”

The long answer takes a little more unpacking.

First thing’s first, how you define your conversion rate will significantly impact what “good” actually means. For example, if you’re counting click-throughs from your email to a landing page as a conversion, a 2% conversion rate wouldn’t be the best. On the flip side, if you’re counting completed purchases of a $1,000 product as the conversion, that same 2% conversion rate would be spectacular.

According to MailChimp, a good email conversion rate will typically fall between 2% and 5% across all industries. If you’ve read our Conversion Benchmark Report, then you’ll notice this falls in line with the industry-wide median average landing page conversion rate of 4.3%.

All this is to say: What constitutes a “good” conversion rate will vary pretty significantly depending on the industry in question.

The businesses in some sectors have longer sales cycles, so their conversion rate will reflect that—think B2B SaaS companies in this case.

Others, like ecommerce or retail sites, would ideally have a higher conversion rate to reflect how they do business.