Conversion Rate Optimization Solutions for Revenue Growth
VWO’s end-to-end CRO platform helps brands understand visitor behavior, make observations, build a testing pipeline, execute the tests for statistical results, and engage through new-age channels.
Are your marketing campaigns driving results or just draining your budget?
Conversions, whether a purchase, sign-up, or form submission, are the clearest proof of success. Yet without proper tracking, it’s hard to know which channels drive growth and which ones waste budget.
That’s why conversion tracking tools are essential. They show you what works, reveal where customers drop off, and guide smarter decisions that improve ROI.
In this guide, we’ll walk through 7 of the best conversion tracking software, highlighting their key features, pricing, and how to choose the right conversion tracking tool for your business needs.
What are conversion tracking tools?
Conversion tracking tools are platforms that monitor and report specific actions taken by users after interacting with your marketing efforts. A “conversion” could be anything: purchases, form submissions, newsletter sign-ups, app downloads, demo requests, or any other goal you define as valuable to your business.
These tools act like a measuring bridge between marketing activity and business results. Instead of only showing traffic or clicks, they capture whether those interactions led to meaningful outcomes. In simple terms, conversion tracking tools tell you if your campaigns are actually driving the results you want.
Disclaimer: The pros and cons listed are based on reviews and feedback from third-party sites, including G2, TrustRadius, and other reputable sources.
1. Google Analytics
GA4 is a powerful analytics platform for tracking and analyzing user behavior across websites and apps. Its event-based model captures detailed interactions, giving businesses a clear view of customer journeys and conversions. With built-in AI insights and a focus on privacy, it helps marketers measure ROI and optimize campaigns with confidence.
Best features:
Event-Based Tracking
Funnel Analysis
Audience Segmentation
AI-Powered Insights
Integration With Google Ads
Cross-Device Tracking
Predictive Analytics
Real-Time Reporting
Pricing:
GA4 is free for all.
Pros
Cons
Easy report customization and smooth e-commerce integrations make it efficient to tailor insights to client needs.
Lacks a conversion keywords report and screen recording feature.
UTM tracking makes it simple to understand traffic sources and user flow.
A significant portion of traffic remains unattributed.
A customer experience as per G2 reviews:
Google Analytics provides deep insights into website performance, user behavior, and traffic sources—all in one dashboard. The real-time tracking is very helpful for monitoring campaigns, while audience segmentation and event tracking allow you to understand users in detail. Integration with Google Ads and other marketing tools makes it easy to connect the dots between campaigns and conversions.
Aman P. SEO Manager
Best for: Businesses of all sizes needing a free, widely supported tracking solution.
2. Mixpanel
Mixpanel is a product analytics platform built to help businesses understand user behavior, boost conversions, and improve retention. With event-based tracking across web, mobile, and apps, it provides a real-time, unified view of the entire customer journey. Its intuitive dashboards make insights accessible, helping teams prioritize engagement and make smarter decisions faster.
Best features:
User Segmentation
Anomaly Detection
Custom Events
Flow Reports
Session Replays
Product Insights
Retention
Cohort Analysis
Pricing:
Free: Up to 1M events per month.
Paid: Starts $0.28 per 1K events post reaching the 1M free events limit.
Pros
Cons
Real-time monitoring updates data instantly, allowing you to track sales and other key attributes on the dashboard for better product decisions.
Viewing and tracking sequences of user events can feel clunky and time-consuming.
Easy to visualize data, organize dashboards, and integrate for developers.
Lacks a streamlined timeline view for easier activity tracking.
Best for: SaaS and product teams focused on user engagement and retention.
3. Matomo
Matomo, formerly known as Piwik, is an open-source web analytics platform available in both cloud and on-premise hosting options. It provides detailed eCommerce revenue tracking, giving businesses insights into customer behavior, website actions, and traffic sources that drive sales.
With WooCommerce and Shopify integrations, customizable dashboards, and unlimited site support, Matomo gives businesses full control over analytics, ideal for privacy-focused teams.
Best features:
Cohorts
Funnels
User Segmentation
Heatmaps
Search Engine Keyword Performance
Behavior Analytics
Event & Content Tracking
Session Recording
Pricing:
Free trial: 21-day access to all features.
Free plan: Available for on-premise hosting.
Paid plans: Cloud option starting at EUR 29/month.
Pros
Cons
It provides independence and control with private server implementations.
Navigating the interface can feel overwhelming because of the large number of options and settings available.
The platform is intuitive to use and supports multiple domains.
A customer experience as per G2 reviews:
Matomo is a very precise tool, much more than Google Analytics; It is very simple to use.
Alessandro C. Freelance
Best for: Businesses with strict compliance needs or self-hosting preferences.
4. VWO
VWO is a conversion optimization and experimentation platform designed to help businesses test, measure, and improve conversion rates. It lets you run conversion tracking tests that record visitor behavior, identify drop-off points, and establish baseline metrics to guide optimization.
With VWO, you can set up conversion goals such as page visits, form submissions, link clicks, revenue tracking, and custom events, making it easier to identify bottlenecks and opportunities in the customer journey.
Read here about how you can set up various goals in VWO.
Pro Tip!
Leverage VWO Copilot to automatically identify the most meaningful goals for your test. It scans your page for key user interactions such as clicks on CTAs, Add to Cart buttons, filter selections, and form submissions, and instantly recommends the most relevant metrics to track.
VWO also integrates with platforms like WooCommerce and Shopify, helping eCommerce businesses connect visitor actions to actual sales. Its customizable dashboards allow you to zoom in on campaign-level details or get a high-level view, and support for unlimited domains makes it well-suited for multi-site or agency setups.
Best features:
Heatmaps
Funnels
Session Recordings
Surveys
Form Analytics
A/B and Multivariate Testing
Personalization
VWO Copilot
Advanced Segmentation
Real-Time Metrics & Triggers
Visual Editor
Pricing:
Free trial: Starter plan available to explore features.
Paid: Various plans available starting at $ 238/month, billed annually.
Pros
Cons
Apart from tracking conversions, you can also use heatmaps and session recordings to monitor visitor behavior.
Advanced goal configurations (custom events, computed metrics, multi-page funnels) may require familiarity with tracking logic or developer support.
VWO ensures accuracy in reporting conversion uplifts through its revamped test reports backed by the stats engine.
Watch our webinar on driving business growth through conversion optimization:
Our client’s words:
VWO fits right into Agoda’s experimental and data-focused culture. The A/B testing tools were easy to set up and execute, and they helped us achieve a 10% conversion lift on our careers website. We also love the Insights product, which is comprehensive and rich with features – this puts VWO head and shoulders above other competitors.
Attribution is a multi-touch attribution platform that helps businesses understand how different marketing channels and touchpoints contribute to conversions. It connects campaign spend to key outcomes, like revenue, customer acquisition cost (CAC), and lifetime value (LTV), giving teams a clearer picture of what drives growth.
Best features:
User-Level Tracking
Full Auditability
Break-Even Analysis
Complete Offline Tracking
Account-Based Attribution
First Touch/Last Touch/Linear Models
Pricing:
Free trial: 14-day trial available.
Paid: Plans start from $41/month, billed annually.
Pros
Cons
Easy to set up and provides immediate insights into marketing and sales metrics.
Auditing and debugging the data flow into the platform can be tricky.
It makes it simple to switch between attribution models to understand revenue contribution.
Initial data integration required some technical support from the development team.
Best for: B2B, SaaS, and e-commerce companies focused on channel ROI.
6. RedTrack
RedTrack is a conversion tracking and automation platform built for the cookieless world. It provides real-time, accurate conversion data across channels like Meta, Google, and TikTok, even where traditional tracking fails. With first-party cookies, server-side tracking, and script-based solutions, RedTrack helps marketers capture 100% of conversions, prevent ad waste, and scale campaigns with confidence.
Best features:
Direct/Redirect Tracking
Server-Side Tracking
Funnel Tracking
Smart Attribution
Reports & Dashboards
Automations
RedTrack Assistant
Pricing:
Free trial: 14 days to try all the features.
Paid: Plans start from $1,490 per year.
Pros
Cons
Brings clicks, conversions, revenue, costs, and campaigns from all sources into one place, removing the need to bounce between multiple ad managers.
The initial setup can feel a bit complex for those new to link tracking platforms and may require a short learning curve.
User-friendly interface makes it easy to track, analyze, and optimize campaigns.
Lead events rely on pixel triggers, and there are limited direct integrations with common e-commerce email marketing tools.
A customer experience as per G2 reviews:
RedTrack.io is an awesome Ad tracking platform. Before I came to know about this platform, I fully relied on Google and Funnel Analytics, but the data sent by pixel was inaccurate. But RedTrack solves all these problems. I really like RedTrack because:
Ability to track conversions and links
Affiliate tracking
Easy-to-use interface
Very responsive customer support
Analyse and optimize your campaigns in real-time
Provides learning resources for new users and so on
Aman P. Co-Founder and Host
Best for: Affiliate marketers, eCommerce businesses, and marketing agencies managing multi-network campaigns.
7. Kissmetrics
Kissmetrics is an analytics platform that tracks customers as real people, not just anonymous data points. Its person-based approach follows users across sessions and devices, helping businesses see how they move through funnels, where they drop off, and what drives conversions. With behavioral segmentation and cohort reports, it’s especially valuable for companies with complex funnels or longer sales cycles.
Best features:
Funnel Analysis
Customer Behavior Tracking
KissAI
Advanced BI Reporting
Behavioral Segmentation
Custom-Event Tracking
Sessions
Cohorts Report
Revenue Report
Pricing:
Paid: Plans start at $26/month.
Pros
Cons
Tracks individual users from first visit to conversion, showing how key metrics evolve and guiding user experience improvements.
Data can take longer to load when handling a large number of events.
Funnel and cohort analyses give clear insights into customer journeys and behaviors, helping improve marketing strategies.
Summarizing data and integrating with third-party tools can be a bit challenging.
Best for: Businesses with complex funnels or long sales cycles needing person-based insights into customer behavior.
Importance of conversion tracking
In digital marketing, success isn’t defined by traffic alone. What matters is whether those visitors actually take the actions you care about. Conversion tracking ensures you have the data to measure, refine, and scale your marketing efforts.
1. Financial clarity: Measure ROI and ROAS
Conversion tracking shows how much revenue each campaign or channel generates compared to the money you spend. By tying spend to results, you not only see your return on investment (ROI) and return on ad spend (ROAS), but also gain the visibility needed to allocate budgets more effectively. None of this is possible without accurate conversion tracking in place.
2. Understand customer behavior
Tracking goes beyond final purchases. It captures the intermediate steps, like sign-ups, downloads, or cart additions, that map the customer journey. Over time, these insights help you understand what nudges people toward conversion and what stalls their progress.
3. Continuous campaign optimization
Marketing is never “set and forget.” Conversion data highlights which ads, messages, and strategies resonate with your audience. From testing variations to fine-tuning creatives and landing pages, it gives you the insights to refine campaigns until they consistently deliver results.
4. Identify high-value users
Particularly in mobile or app marketing, tracking post-install events like in-app purchases helps distinguish quality users from those who only download but never engage.
5. Build on historical data
Conversion tracking creates a record of past performance that helps you benchmark, spot long-term trends, and reuse proven strategies when entering new markets or launching new products.
6. Set realistic growth goals
With historical context and reliable data, you can set achievable targets for campaigns, test new markets, focus on high-value customer segments, and measure progress with clarity.
Essential criteria for selecting a conversion tracking tool
Choosing the right conversion tracking software begins with evaluating the criteria outlined below.
1. Alignment with business goals
Define meaningful conversions: Whether it’s purchases, demo requests, or newsletter sign-ups, make sure the tool allows you to track the actions that directly matter to your business.
2. Data quality and insights
Accurate, real-time data: Reliable tracking ensures decisions are based on facts, not assumptions. Choose tools that prioritize accurate conversion tracking across platforms and devices.
Actionable intelligence: Beyond numbers, the tool should highlight trends and patterns you can actually use to optimize campaigns.
Non-intrusive tracking: Data should be collected smoothly, without disrupting the user’s experience or slowing down your website or app.
3. Integration and compatibility
Works with your stack: A good tool connects easily with ad platforms, CRMs, analytics, and e-commerce systems for a single source of truth.
Cross-channel tracking: Customers move between devices and platforms. The tool should be able to follow these journeys without losing context.
4. Privacy and compliance
Regulation-ready: Compliance with GDPR, CCPA, and other privacy standards is non-negotiable. Choose tools that prioritize ethical data collection and user consent.
5. Reporting and flexibility
Customizable dashboards: Your team should be able to tailor reports to the metrics that matter most.
Support for attribution models: From first-touch to data-driven, flexible attribution helps you understand the full customer journey.
Measure success effectively: The tool should transform raw metrics into easy-to-read visual reports, like line graphs, bar charts, and funnel views, so you can quickly spot trends, compare results, and take next steps.
6. Scalability and cost fit
Grows with your business: Ensure the tool can handle increasing campaign volumes as your business expands.
Budget-conscious: Balance advanced features with cost efficiency so the tool supports long-term growth without overspending.
7. Ease of use and user experience
Practical for your team: The platform should match your team’s technical expertise, offering intuitive workflows and even options for automated tracking to reduce manual effort.
How do you know if conversion tracking is working correctly?
When conversion tracking is set up properly, the results are clear and consistent. You’re able to connect marketing actions directly to business outcomes, and the data matches what you see happening in real life. Here’s what to look for:
Signs that tracking is working as it should
Conversions match reality: The simplest way to confirm that your tracking is set up correctly is to perform the actions yourself: submit a form, complete a test purchase, or download an app, and check if they’re recorded in the tool.
Data is consistent across sources: The number of sales or leads in your CRM or payment system closely aligns with what your tracking tool reports.
Realistic attribution reports: A healthy report reflects contributions from different channels: search, social, email, referrals, rather than attributing most conversions to a single bucket like “Direct” or “Other.” This indicates your tracking is mapping the actual customer journey.
Trends make sense: If you increase spend on a campaign or improve a landing page, you see a corresponding lift in tracked conversions.
No unexplained spikes or drop-offs: Conversion volumes rise and fall in line with your marketing activity, like increased spend, new creatives, or seasonal campaigns, rather than fluctuating randomly.
How to double-check accuracy
Run test conversions: Simulate the actions you expect users to take and then check your analytics or reporting dashboard to confirm that these actions are being tracked correctly.
Audit regularly: Review tags, pixels, and integrations after website updates or campaign changes.
Cross-verify: Compare tracking reports with backend systems (e.g., order database, email sign-ups, or app analytics).
Monitor for anomalies: Set up alerts or watch your dashboards for sudden, unexplained spikes or declines. These unusual shifts often signal tagging errors, missing pixels, or broken integrations.
Conclusion
Choosing the right conversion tracking tool is essential to gain clarity for making smarter marketing decisions, optimizing your campaigns for maximum ROI, and driving sustainable growth.
Each tool we’ve explored offers unique strengths. Your final choice should align with your specific business goals, technical needs, and budget.
If your focus is on a comprehensive platform that tracks conversions, runs A/B tests, analyzes user behavior, and personalizes experiences to improve results, VWO is an excellent choice.
Yes, if you invest in marketing, you need conversion tracking. It shows which marketing efforts drive real results, prevents wasted spend, and gives you the insights to scale what works while fixing what doesn’t.
Q2. Are conversion tracking tools worth it?
Yes, conversion tracking software shows whether your marketing spend is actually driving sales, leads, or other valuable actions. Without them, you’re relying on assumptions instead of data.
Q3. How do you track conversion?
Track conversions by setting up tracking codes, pixels, or events, often managed through platforms like Google Tag Manager, that fire when a user completes a defined action, such as a purchase, form submission, or app download.
Q4. Can Google Analytics track conversions?
Yes. Google Analytics (GA4) lets you set up “events” and mark them as conversions, like purchases, sign-ups, or downloads, and track them across websites and apps.
Q5. What are Google Analytics alternatives for conversion tracking?
While Google Analytics is widely used, it’s not the only option. Dedicated tracking platforms, like the ones discussed in this blog, offer features such as real-time reporting, cross-device tracking, and flexible attribution models for deeper insights.
Q6. What is a better way to track conversions?
The best approach combines a dedicated conversion tracking tool (or pixel) with backend verification (e.g., CRM, payment data). This ensures accuracy across different platforms and customer touchpoints.
I've worked as a writer and editor in the B2B SaaS space for over 6 years. I read and write on all things CRO and experience optimization.
I'm a chai fanatic and a paranoid parent. When I'm not copyediting or working on marketing projects, I love to spend my time reading. Besides B2B content, my passion lies in modern, behavioral astrology. I'm a dreamer and wish to write stories for children someday :)
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