Are you happy with your landing page conversion rate or the number of lead generation channels you use?
Do your strategies perform at the level of the industry median for these metrics, or do you need to put in a lot more work?
We can help you answer these questions and more for you to get deeper insights into the state of your company when it comes to performance within your industry. To do this, we teamed up with Databox to create a HubSpot benchmark group exclusively for B2B SaaS + Tech Companies. With this live, always-up-to-date benchmark study, you can anonymously see how your company stacks up regarding deal and lead quality, as well as landing pages, emails, and website performance.
With data from 360+ companies and growing, this provides great insights into how you are performing across the board. You can quickly discover for which HubSpot Marketing and CRM metrics you are excelling and for which you need to put in more work to become competitive within your industry. Members of the group can even track their performance vs. the benchmark over time, making it easy to see progress or the lack thereof.
The best part?
This means that you can compare your data to similar companies within your industry without worrying about anyone sharing it.
Before we share some of the data we compiled, here is how to read the benchmark charts.
The height of the green chart shows the frequency at which someone had the value that’s shown on the horizontal or x-axis. For example, in this chart, a relatively large % of the population had Pageviews of around 2,000 last month, as that’s where the peak of the chart is.
You are all set to join the group and read your graphs.
Now, let’s see some of the data from our group.
Monitoring these metrics and comparing your data to the industry benchmarks can help shape your marketing and sales strategy and ensure you reach your goals.
So, let’s dive in!
According to our benchmark group of over 360 B2B SaaS + Tech Companies, the median value of the New MQLs (w/o Offline Source) metric for November 2023 was 4. For the Landing Page Submissions, this value was 31, while the median value for Page Views was 9.56K. Finally, the median value for Emails Clicked was 70.
Here’s a chart showing the distribution of Landing Page Conversion Rate values within the group:
The height of the blue area shows the percentage of companies that have a Landing Page Conversion Rate in that range. As you can see, the height of the chart on the left of the median as the number of Landing Page Conversion Rate approaches zero is very high. This means that lots of companies have very low Landing Page Conversion Rate. In fact, 25% of the sample had between zero and 2.56%, while 25% of the sample had between 2.56% and 6.93%.
On the right side of the chart, you can see that 25% of the companies had between 6.93% and 13.87%, the range is wider in this case. We can also see that 25% of the sample had a Landing Page Conversion Rate higher than 13.87%.
If your Landing Page Conversion Rate is higher than 6.93%, you’re doing better than half the group. To have better insights into your landing pages, you should also consider tracking additional landing page metrics.
As mentioned above, when you join the group, you’ll see charts like this. If it is green, you’re doing better than at least 50% of the sample, it can also be red if you are underperforming, so your Landing Page Conversion Rate is lower than 50% of the group.
Now, let’s learn more about the HubSpot CRM metrics we are tracking within the group.
For HubSpot CRM, we are tracking the following metrics to get a better insight into our sales efforts:
So, let’s look at the Average Time to Close Deal. Now, keep in mind that in this case, the graph is inverted. We want shooter times to close the deal rather than longer. You’ll want your company to be on the left side of the median for this metric.
We can see that most companies fall between zero and 57d 20h 53min, with 25% being between zero and 36d 51 min and 25% being between 36d 51 min and the median, which in this case is 73d 22h and 38 min. Now, we would all like to be within the first 25%.
On the right side of the median, we see that 25% of companies have between 73d 22h and 38 min and 144d 7h and 46 min, and the final 25% is over 144d 7h and 46 min. In their case, the chart would be well in the red.
Please keep in mind that your stats will vary depending on your marketing and sales efforts. But don’t get discouraged; dive into the insights and make the necessary changes to hit your goals.
If you want to know how your landing pages are performing in comparison to other companies within your industry, take part in our State of Landing Page Performance for B2B SaaS + Technology Companies survey. You will gain insights into prevailing outcomes and best practices associated with landing pages.
Here are some interesting insights from over 70 B2B SaaS and Technology companies that participated.
For example, most companies offer scheduling a demo or a meeting on their landing pages as the main offer. A close second is an option to download a piece of content.
What offers do you include on your landing pages?