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THE BRAND
INTERACTION
   COMPANY

     28th of September 2012
WHO IS THIS?
THIS GUY

           @BrunoDillen

           Studies:
           TEW (University of Antwerp)


           Work:
           Coolblue - Online marketeer Belgium
           These Days – E-business Manager

           Artinthepicture.com, Socialimmo.be, ... -
           Owner



                                    Introduction
THESE DAYS


• We are a full-service digital marketing agency
• We believe in added value and in a true businessunderstanding, so
  we focus on structural, long-term partnerships with our customers
• We believe there is no one-size-fits-all-solution, so we adapt our
  structure, our teams and our people to the needs of our customers
• We believe in combining strengths, which is why we choose for in-
  house experts
• We believe true success is a combination of long-term strategy and
  short-term execution, which is why we are a strategic and hands-on
  partner
WHAT WE WON’T TALK ABOUT
(which does not imply it isn’t vitally important)
Differentiation!




                   ENTRY HERE
EXECUTION, EXECUTION,
EXECUTION
(E)-Business is a continuous process

              Think          Decide



      Learn     BUSINESS              Act
               OPTIMISATION
                  CYCLE

       Measure                  Measure

                      Test
Results




Optimized website “quick wins” launched
last 2 weeks. No difference in
proposition, no difference in product, just
optimization of bottle-neck issues.
1. BENCHMARK
Estimating market sizes
                          How many chefs are
                          there world-wide?
                          How many can I
                          contact?
Estimating market sizes

                          Market study:
                          + 500 000
Estimating market sizes
                    How many items of a
                    crochet book can you sell?
                    And how many through
                    Amazon alone?
Estimating market sizes

                          10 to 20 books per
                          week through
                          Amazon only
Seasonality and e-commerce

                      Travel sector: efforts
                      focused around
                      winter season and
                      summer season
Seasonality and e-commerce
Seasonality and e-commerce
Estimating competition




          €8
                         €3,

         €6,50           €2


          €4,50          €1

                         €1
€8                    €3,

€6,50                  €2,


€4,50   €200 * 2,50%   €1

                       €1

                        €0
2. FIND BOTTLENECK
SITUATION

                           Renting out vacation properties
                           from private person to private
                           person. Website is free for
                           travellers, but home-owners
                           need to pay a yearly fee.




Problem: only a small minority of –hopefully-
qualitative visitors was placing an ad online. How
could we do more business with same means?
ANSWER

                            Renting out vacation properties
                            from private person to private
                            person. Website is free for
                            travellers, but home-owners
                            need to pay a yearly fee.




After checking that traffic was indeed qualified, we
decided that the problem lay in converting those
qualified users to paid users.
TODO

                           Renting out vacation properties
                           from private person to private
                           person. Website is free for
                           travellers, but home-owners
                           need to pay a yearly fee.




Look at the sales funnel in immense detail.
3. FIX
A. Determine goals and prioritise
B. Concretise goals
C. Add a layer of best practices
D. Measure
Old versus New

OLD PAGE                  OLD CONV   NEW PAGE                  NEW CONV

Landingspagina            100%       Landingspagina +          100%
                                     prijskeuze
Prijskeuze                           Uw gegevens

Login/register                       Facturatiegegevens

Details woning                       Details Woning

Details beschikbaarheid              Details beschikbaarheid

Betalen                              Betalen

Conversie                 3,6%       Conversie                 8,0%
4. SCALE
Conversion rate


                  Conversion rate
                  from 3,6% to 8,0%
                  (+122%).
€8                    €3,

€6,50                  €2,


€4,50   €200 * 2,50%   €1

                       €1

                        €0
5. REPEAT
Conclusion
  1. There is no excuse in not knowing your
  playing field.

  2. Strategy is of critical importance, but so
  is execution.

  3. Test, test, test. There is always 5% to
  be gained.
Bruno Dillen
These Days
Generaal Lemanstraat 47b
B-2018 Antwerp
www.thesedays.com
bruno.dillen@thesedays.com
+32 3 286 44 50

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The importance of execution in e-commerce

  • 1. THE BRAND INTERACTION COMPANY 28th of September 2012
  • 3. THIS GUY @BrunoDillen Studies: TEW (University of Antwerp) Work: Coolblue - Online marketeer Belgium These Days – E-business Manager Artinthepicture.com, Socialimmo.be, ... - Owner Introduction
  • 4. THESE DAYS • We are a full-service digital marketing agency • We believe in added value and in a true businessunderstanding, so we focus on structural, long-term partnerships with our customers • We believe there is no one-size-fits-all-solution, so we adapt our structure, our teams and our people to the needs of our customers • We believe in combining strengths, which is why we choose for in- house experts • We believe true success is a combination of long-term strategy and short-term execution, which is why we are a strategic and hands-on partner
  • 5. WHAT WE WON’T TALK ABOUT (which does not imply it isn’t vitally important)
  • 6.
  • 7.
  • 8.
  • 9. Differentiation! ENTRY HERE
  • 11. (E)-Business is a continuous process Think Decide Learn BUSINESS Act OPTIMISATION CYCLE Measure Measure Test
  • 12. Results Optimized website “quick wins” launched last 2 weeks. No difference in proposition, no difference in product, just optimization of bottle-neck issues.
  • 14. Estimating market sizes How many chefs are there world-wide? How many can I contact?
  • 15. Estimating market sizes Market study: + 500 000
  • 16. Estimating market sizes How many items of a crochet book can you sell? And how many through Amazon alone?
  • 17. Estimating market sizes 10 to 20 books per week through Amazon only
  • 18. Seasonality and e-commerce Travel sector: efforts focused around winter season and summer season
  • 21. Estimating competition €8 €3, €6,50 €2 €4,50 €1 €1
  • 22. €8 €3, €6,50 €2, €4,50 €200 * 2,50% €1 €1 €0
  • 24. SITUATION Renting out vacation properties from private person to private person. Website is free for travellers, but home-owners need to pay a yearly fee. Problem: only a small minority of –hopefully- qualitative visitors was placing an ad online. How could we do more business with same means?
  • 25. ANSWER Renting out vacation properties from private person to private person. Website is free for travellers, but home-owners need to pay a yearly fee. After checking that traffic was indeed qualified, we decided that the problem lay in converting those qualified users to paid users.
  • 26. TODO Renting out vacation properties from private person to private person. Website is free for travellers, but home-owners need to pay a yearly fee. Look at the sales funnel in immense detail.
  • 28. A. Determine goals and prioritise
  • 30. C. Add a layer of best practices
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.
  • 42. Old versus New OLD PAGE OLD CONV NEW PAGE NEW CONV Landingspagina 100% Landingspagina + 100% prijskeuze Prijskeuze Uw gegevens Login/register Facturatiegegevens Details woning Details Woning Details beschikbaarheid Details beschikbaarheid Betalen Betalen Conversie 3,6% Conversie 8,0%
  • 44. Conversion rate Conversion rate from 3,6% to 8,0% (+122%).
  • 45. €8 €3, €6,50 €2, €4,50 €200 * 2,50% €1 €1 €0
  • 47. Conclusion 1. There is no excuse in not knowing your playing field. 2. Strategy is of critical importance, but so is execution. 3. Test, test, test. There is always 5% to be gained.
  • 48. Bruno Dillen These Days Generaal Lemanstraat 47b B-2018 Antwerp www.thesedays.com bruno.dillen@thesedays.com +32 3 286 44 50

Editor's Notes

  1. Adwords = perfect market. In the long run everybody is bidding close to their earnings. CPC will equal EPC.
  2. Example
  3. Our main goal is to get more paid advertisements. Secondary goals are to have more attractive (read:completer; pictures, details, ...) ads for our visitors.This might seem obvious but there is one classic example which I always like to stress. Typically in e-commerce sites are forcing people to create an account first (or login) and then complete their order. You then notice that there is a significant drop-off in visitors. If you prioritise right, you will probably say: let’s get the sale first, then afterwards ask whether the user would like to make an account (with all the details he had to fill in for shipping etc).
  4. Our number one priority was to get a paid ad. This meant deleting the Chinese Wall of registration/login. It also meant we didn’t want to burden our customers by only asking a minimum (=acceptable for our visitors) information on the vacation rentals. We focus on the “minimal” conversion first and then afterwards tell that our buyers can influence their conversion by adding more details. Which coincidentally gives us more opportunities on upselling.
  5. Advantages for advertiser were insufficiently advertised on landingpage. So we completely rebuilt this. Payment page was badly integrated, clear steps of progress were added, ...
  6. By adding correct funnel settings in Google Analytics we could analyse whether our changes had reached the result we desired.
  7. Old pages
  8. Old pages
  9. Old pages
  10. Old pages
  11. Old pages
  12. Old pages
  13. Old pages
  14. New pages
  15. New pages
  16. New pages
  17. Result
  18. Every advertising dollar was just split in half, so we can now double our CPC (if deemed interesting).