Insurers' journeys to build a mastery in the IoT usage
How to Create Huge Conversion Rate Lift | Imagine 2013 Strategic Marketing
1.
2. How to Create Huge
Conversion Rate Lift
Tweet to me: @chrisgoward
Read this: WiderFunnel.com/blog
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• Conversion Rate Optimization
• Strategy, design, copywriting & testing
• Landing Page Optimization
• Advanced optimization for complex businesses
• Lift of 10% to 750% for every retainer client
The Conversion Optimization Agency
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Conversion Rate
Dissatisfaction
is Growing
How satisfied are you with your conversion rate?
Source: eConsultancy Conversion Rate Optimization Report 2011
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GoodNews:
Conversion Optimization works,
if you do it right. . .
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Average Conversion Rate Lift
Ecommerce 23.1%
*WiderFunnel average results 2007-2012
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Conversion Optimization
“Best Practices” are Dead
...unless your best practice says
You Should Test That!
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“Almost everything that
distinguishes the modern world
from earlier centuries is
attributable to science.”
—Bertrand Russell
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200%
That’s what a structured
testing process is worth.
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No Yes
LargeIncreaseInSales
Source: eConsultancy Conversion Rate Optimization Report 2011
2x
Does your organization have a structured approach to improving conversion rates?
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Background
Millions of daily emails to opt-in list.
Highly optimized, but hit a plateau
The Goal
More e-commerce revenue
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How?
A structured approach that creates powerful hypotheses.
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Kaizen Plan
Discovery
Phase 1: Conversion Optimization Strategy Phase 2: 7-Step Testing Cycle
Heuristics
Web Analytics
Voice of Customer
Research
The Structured Process
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Background
Solid brand awareness
Disappointing conversion rate
Google told them to work with WiderFunnel
The Goal
More e-commerce revenue
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(Note: For more, search “WiderFunnel Lift”)
TM
Relevance
Clarity
Anxiety
Distraction
Urgency
Knowing what to test: using the LIFT Model™
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Clarity: Blue text is confused
with links
Value Proposition: “Free
Shipping” more compelling?
Distraction: Show All opens a
new page
Relevance: Scrolling products
take most prominent position
Clarity: Design does not imply
sale price
Distraction: Reviews are more
prominent than features.
Clarity: Features included in
Description tab at bottom.
Clarity: Shipping tab does not
include shipping price.
Distraction: Shipping link
opens new page in new tab.
Distraction: Cross-selling
more prominent than features.
LIFT™Analysis
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WEAKNESS STRENGTH
Relevance: Scrolling
products take most
prominent position
Distraction: Reviews are
more prominent than
features.
Clarity: Design does not
imply sale price
Hypothesis: Moving
product reco box below
the fold
Hypothesis: Redesigning
CTAs to emphasize sale
price
Hypothesis: Increasing
prominence of product
features
Develop Test Hypotheses
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Background
Industry-leading website
Stagnant conversion rate
Google hired us to optimize for them
The Goal
More e-commerce revenue
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Interested in a Free Page Evaluation?
• 10 time slots are available for attendees
• Scheduled on a first-come, first-served basis
• Any type of page
To Qualify:
1. Tell us the URL of the web page you’d like evaluated
2. Minimum 30,000 unique visitors per month
3. Email: Hello@widerfunnel.com
Free Offer: Custom Web Page Evaluation