In the latest edition of the CRO Live Hour podcast, we discussed two important topics related to website optimization: reducing bounce rates and setting a reasonable testing and optimization budget.First, we explored the best ways to reduce a site's bounce rate, which refers to the percentage of visitors who leave the website after viewing only one page. High bounce rates can be detrimental to a website's success, so taking steps to lower them is important. We discussed five effective strategies for reducing bounce rates: improving website speed, optimizing website design and layout, providing clear and relevant content, optimizing calls-to-action, and targeting the right audience.Next, we delved into the question of what constitutes a reasonable budget for testing and optimization efforts. It's important to strike a balance between investing enough in optimization to achieve meaningful results and not overspending on unnecessary testing. We provided guidance on setting a budget that takes into account factors such as the size of the website, the complexity of the optimization tasks, and the desired level of testing and analysis.Tune in to this episode of the CRO Live Hour podcast for expert insights on reducing bounce rates and optimizing your website while staying within a reasonable testing and optimization budget.QUESTION — Have a question about e-commerce Conversion Optimization, A/B Testing, User Research, Marketing, or Anything Else? Post in the comments section of this video!Visit Our Website, And Learn More About Our Services:invespcro.comFollow Invesp on Social Media: Linkedin Facebook Twitter/X Read more about conversion rate optimization on our blog.