* For every 100 people who view my front page, 60 try my app.
* For every 100 people who try my app, 33 give it a reasonable work-out.
* For every 100 people who give it a reasonable work-out, 5 people become users.
* And we don't have a paying customer yet.
Is this great, mediocre or shite? (my app is www.folderboy.com/index.htm?f=cv)
If you run a web app, what is your app, and what are your conversion rates? And where do you source most of your traffic from?
EDIT: only just started promoting thru social networking sites, and an Ask HN post. So only around 400-500 page views so far.
Second, even more congratulations-- the fact that you are measuring the CR the way you are from the beginning shows some understanding of the process.
I think that trying to make judgments based on 500 page views is premature-- right now, it is good to figure out your baseline numbers, so that you can start doing A/B testing to improve the various ratios. If I were in your shoes, I'd try to spend a couple weeks trying to increase the traffic, and then go to work on the CRO.
But: getting one serious user out of every 100 pageviews sounds like an excellent start to me.
The lack of paying customers isn't a big surprise, based upon your pricing scheme: there's no incentive for people to start paying until they reach the limits you've imposed (1000 notes or 500MB), and it's going to take your early users some time to get there.
The product looks slick-- personally, I have a bunch of OneNote notebooks in my Dropbox, which gives me the same effect in a satisfactory way, so I'm not motivated to switch to Folderboy-- but it looks like a service I could easily pitch to others.
One small thing: when your resources permit, you might want to hire a voice actor to re-do the YouTube video. I think it would add a "professional touch".