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5 Steps to effective optimization




                         Author: Kanishka Surana
Optimization is crucial to stay in the Digital era and can
 be structured in 5 Stages


                                                                          Prioritize
                         Define customer        Assess current
Define objectives                                                         optimization       Measure success
                         segments               capabilities
                                                                          actions

• Determine           • Prioritize customer •   Perform qualitative    • Define improve- • Outline tools and
                                                high- level analysis
 business objective    segments                                          ment areas        sources for
                                                – Usability vs.
 of the Web site                                  customer needs         (Hypothesis       measuring KPIs
                      • Understand              – Usability vs.          generation)
• Identify KPIs        customer needs             competitors                             • Modify, test,
                       vis-à-vis your Web                              • Prioritize        measure as an
                       site (behaviour)      • Perform detailed          according to:     iterative process
                                                qualitative and          – Impact
                      • Understand              quantitative             – Feasibility
                       customer needs           analysis                 – Strategy
                       vis-à-vis                – Web analytics
                       channel, like            – Online surveys • Identify “big
                       Earned/Social            – Social Media     picture”
                       Media (Attitudinal)        analytics        improvements at
                                                                   wireframe level
Website can be efficiently optimized via MVT
                Description           Output                   Tips / Best Practices     Comments

                • More than one      • It determines which    • Create a hypothesis      • When used
                 component of a       content or creative       for testing (e.g., one    correctly, it
                 Web site (display    variation produces        linking to users’         delivers significant
Multivariate
Testing (MVT)    ads, landing         the best improvement      behaviour)                improvements in a
                 pages, e-            in the defined goals                                fast manner
                 mails, call-to-      of a Web site.       •    Create a page for
                 action) may be                                 each experimental
                 tested in a live    • It also determines       run
                 environment          which
                                      component, color, im • Segment test
                                      age, headline, conten       participants to
                                      t, call-to-action etc. Is   increase relevance
                                      the largest contributor     of results
                                      to your success of
                                      the Test initiative       • Establish complex
                                                                  success metrics to
                                                                  evaluate
                                                                  performance (use
                                                                  KPIs rather than
                                                                  click-through or
                                                                  conversion alone)
MVT identifies the combination of website elements with
highest impact
                                          • Improving conversion rates, after an online
                                Purpose       sales funnel revealed that over 90% of
                                              LetsTalk’s visitors were abandoning the
                                              sales process prior to completing an order
                                          •   Testing different elements on their site in a
                                              wide variety of inventory and offer
                                              combinations
                                          • Develop a test plan which included 10
                                Method        variables and 74 different values
                                          •   Based on the test plan, the solution engine
                                              identified and generated over
                                              1 billion possible permutations of the page
                                          •   Multivariable tests were conducted on a
                                              subset of these possible permutations of the
                                              test page (Taguchi method)


                                          • The winning creative resulted in a 7.7%
                                Result        increase in order completion which translated
                                              to an increase in annual online revenue of
                                              over $2 million




Source: Adobe Test and Target
Questions: @ksurana

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5 Steps to Digital Optimization Nirvana

  • 1. 5 Steps to effective optimization Author: Kanishka Surana
  • 2. Optimization is crucial to stay in the Digital era and can be structured in 5 Stages Prioritize Define customer Assess current Define objectives optimization Measure success segments capabilities actions • Determine • Prioritize customer • Perform qualitative • Define improve- • Outline tools and high- level analysis business objective segments ment areas sources for – Usability vs. of the Web site customer needs (Hypothesis measuring KPIs • Understand – Usability vs. generation) • Identify KPIs customer needs competitors • Modify, test, vis-à-vis your Web • Prioritize measure as an site (behaviour) • Perform detailed according to: iterative process qualitative and – Impact • Understand quantitative – Feasibility customer needs analysis – Strategy vis-à-vis – Web analytics channel, like – Online surveys • Identify “big Earned/Social – Social Media picture” Media (Attitudinal) analytics improvements at wireframe level
  • 3. Website can be efficiently optimized via MVT Description Output Tips / Best Practices Comments • More than one • It determines which • Create a hypothesis • When used component of a content or creative for testing (e.g., one correctly, it Web site (display variation produces linking to users’ delivers significant Multivariate Testing (MVT) ads, landing the best improvement behaviour) improvements in a pages, e- in the defined goals fast manner mails, call-to- of a Web site. • Create a page for action) may be each experimental tested in a live • It also determines run environment which component, color, im • Segment test age, headline, conten participants to t, call-to-action etc. Is increase relevance the largest contributor of results to your success of the Test initiative • Establish complex success metrics to evaluate performance (use KPIs rather than click-through or conversion alone)
  • 4. MVT identifies the combination of website elements with highest impact • Improving conversion rates, after an online Purpose sales funnel revealed that over 90% of LetsTalk’s visitors were abandoning the sales process prior to completing an order • Testing different elements on their site in a wide variety of inventory and offer combinations • Develop a test plan which included 10 Method variables and 74 different values • Based on the test plan, the solution engine identified and generated over 1 billion possible permutations of the page • Multivariable tests were conducted on a subset of these possible permutations of the test page (Taguchi method) • The winning creative resulted in a 7.7% Result increase in order completion which translated to an increase in annual online revenue of over $2 million Source: Adobe Test and Target