What is meant by conversion optimization?

Conversion optimization is the process of identifying how a website’s visitor-to-customer ratio may be improved. A conversion occurs when a site visitor completes a targeted activity (typically a purchase) rather than merely browsing information and exiting. A/B testing, which involves running two distinct web pages with different designs or content at the same time to determine which generates more conversions and hence which page a firm should use moving forward, is one approach to optimize conversions.