How can my checkout funnel influence conversions?

The SEO marketing conversion funnel aids in the visualisation of the phases that potential buyers follow prior to making a purchase. The funnel-like form represents clients leaving on their route to the funnel's ultimate stage.

Although there are numerous ways to quantify conversion rate (CR), for the sake of this essay we will focus on purchases because they are typically the most significant website actions.

Naturally, we want to have the highest conversion rate possible.