Maximizing Conversions And Overall Campaign Roi Presentation - Presentation Transcript
Maximizing Campaign ROI
Case Study:
Doubling Toolbar Install Conversion Rate with Multivariate Optimization Sam Ee, MIVA Robert Bergquist, Widemile April 25, 2008
Today’s Facilitators
Sam Ee, MIVA Direct
MIVA Direct delivers on it's vision of "Making the Internet easy" by developing and distributing category-specific toolbars and a proprietary home page solution, powered by Google search.
Two core business:
Vertical affinity ALOT Toolbars and ALOT Home
Screensavers.com for free screensavers and wallpapers
Robert Bergquist, CEO, Widemile
Leading provider of multivariate testing and optimization technologies and services for online agencies and advertisers
Interactive ad campaigns and customer segment testing
Two Questions:
Ad campaign costs rising?
Satisfied with performance?
Test for Better Returns on Ad Spend Question: Which tactics have had the most positive impact on your search marketing campaigns? (Select all that apply.)
Are You Optimizing for Better ROAS?
Little experience with content or creative testing
Done some A/B split testing
Done some multivariate testing
Managing MVT projects now
You are not alone
87% not satisfied with their campaign conversion rates
60% doing no testing or optimization of any kind
Majority of those testing use just A/B
n=540, 9/6/07, Widemile webinar with SMN and Jupiter Research
Key Steps to Optimized Campaigns
Know your audience
Embrace design best practices
Test marketing assumptions
What is Multivariate Optimization?
Test multiple element variations quickly
Learn how each influences performance
Determine the optimal page configuration
Tailor pages for traffic source and other customer segments
Sample Landing Page
MIVA Case Study: Weather Toolbar
Downloadable browser add-on toolbar shows various links to online weather sources
Paid search campaigns deliver traffic
Business objective is higher download and install rate
Marketing Questions:
What is the best type of hero shot?
What is the impact of the TRUSTe logo?
Are people worried about spyware?
Do people prefer specific toolbar features over lifestyle/benefits statements?
Are people confused by the Google feature list?
How much should we highlight the toolbar?
Optimization Process
Analysis
Understand audience and value proposition
Review existing conversion process
Action
Develop testing plan (new templates, recipe matrix, and content variables)
Execute tests
Report and analyze results
Deploy optimal pages
Leverage lessons learned
Baseline Page
Assessment and Redesign - Wireframe Google Product Information Header TRUSTe Spyware FREE Hero Shot Call To Action Button Product Description Headline 2 3 4 5 6 7 8 1
Defining Test Matrix 2048 potential combinations tested with 16 experiments No. Factor (Variable) Levels (versions) 1 Header 4 2 Hero shot 4 3 TRUSTe logo 4 4 Headline 2 5 Call-to-action 2 6 Product description 2 7 Spyware-free message 2 8 Google info 2
Example: Header - which one works best? Level 2 Level 3 Level 4 Level 1
MVT Determines What Works Best 2 3 4 5 6 7 8 1
Which TRUSTe logo works best? Level 2 Level 3 Level 4 Level 1 OFF
Test Complete in Two Weeks Copyright 2007 – 2008 Widemile Inc. All Rights Reserved. Confidential Slide Test Duration Test Data Stabilization Conversion Rate
And the Winner is…
And the Winner is… Header Hero Shot Google Product Information TRUSTe Spyware FREE Call To Action Button Product Description Headline
What’s Most Important?
Google Info
Headline Spyware TRUSTe Call-to-action Header Product Description Hero shot HIGH MEDIUM LOW Influence Index
Analysis
Spyware, TRUSTe, Headline, and Google information factors had the greatest influence on performance
All references to the toolbar and specific features lost to lifestyle descriptions
De-emphasizing the Google product features increased conversions
People favored toolbar benefits over features
1 2 3 4 OFF Factor Analysis: TRUSTe logo
Two new TRUSTe logos beat the old logo (and the logo turned off) – 8% lift delta
Tested redesigned logos to reduce call-to-action confusion
Recommend seals of approval with a small text link below to avoid competition with primary call-to-action objective
Relative Conversion Rate
Greater Campaign Efficiency Twice the number of toolbar installs for the same ad spend 100% 215% 100 200 Index: Conversions / Ad Spend
The Three Steps - Recap
Know your audience
Leverage your SEM and analytics resources
Refine your value proposition
Embrace design best practices
Simplify the page and remove distractions
Educate yourself
Test your marketing assumptions
Value proposition and incentives
Traffic characteristics
Helpful Resources
Conversational Marketing by Ian Lurie Portent Interactive
Web Design for ROI by Lance Loveday & Sandra Niehaus Closed Loop Marketing
Next Step Test current optimal page versus New creative design using optimal content
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