Conversions factors require the same number of conversions as shown by their exponents.
Linear measurements require only one conversion, 1 in = 2.54 cm.
Area measurements require 2 conversions, (1 in)^2 = (2.54 cm)^2.
Volume measurements require 3 conversion, (1 in)^3 = (2.54 cm)^3.
Of course, none of this needs to be memorized. The existing exponent will just tell you the exponent required for your conversion.