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Why Your Conversion Rates Suck
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Why Your Conversion Rates Suck

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Transcript

  • 1. Why your conversion rates suck? And what to do about it www.wingify.com
  • 2. Reasons your conversion rates are low:
    • You don’t currently optimize the heck out of your website
    • You show same content to Joe and Moe, who visit your website with different intensions
    • Even if you optimize, you don’t optimize for Joe and Moe separately
    www.wingify.com
  • 3. Why Optimization is Important?
    • Would you be surprised if following tweaks double your conversion?
      • a red “Buy Now” button
      • “ Safe shopping” logo
      • Longer ad copy
    • Customers behave in strange ways. Minor changes on website are shown to skyrocket conversions
    www.wingify.com
  • 4. Maybe…
    • Rephrasing “Buy Now” to “Add to Basket” would work for you
    • Displaying price in bold and placing a call-to-action works best
    • Showing phone number on top-right boosts orders
    • Getting rid of recommendations actually increases total sales
    www.wingify.com
  • 5. You cannot predict what works Neither can we Only your customers’ clicks can www.wingify.com
  • 6. But your customers are not just clicks
    • They are individuals with different
      • Intensions : browse, explore, or purchase
      • Demographics : you don’t ship to India, tell that upfront to Ashok from Bangalore
      • Histories: Don’t tell us that you don’t treat your repeat visitors differently than first-timers
      • Interests : You optimized your site for Beer, but hey Tracy was looking for Wine
      • Referral Sources: Partner Sites v/s Google Adwords v/s Direct Hit v/s Organic
    www.wingify.com
  • 7. Treat them differently
    • Mine your web logs
    • Define customer segments based on:
      • Profitability
      • Recency and Frequency
      • Interests (which section they spend most time)
      • Geography and Demographics
    • Target website content to each segment separately to maximize probability of conversion
    www.wingify.com
  • 8. Do NOT Optimize Globally
    • Optimize for different customer segments
    • For example, a repeat visitor might convert better if there is lesser information on the website, so that he can focus on the task he arrived for: purchasing a fairy tale book for his daughter
    • But it might be exactly opposite for the first time visitor, who likes to read in depth company shipping and return policy, etc. before purchasing a shiny, new, expensive golf set
    www.wingify.com
  • 9. Moral of the Story
    • Do what Japanese do: Kaizen
      • Define. Target. Optimize.
      • Define. Target. Optimize.
      • Define. Target. Optimize.
    • No, above repeated lines are not by mistake
    • You really have to target and optimize the nuts out of your website
    www.wingify.com
  • 10. Want to make Targeting and Optimization a breeze? Presenting Wingify www.wingify.com
  • 11. Exploit 30+ Dimensions and their combinations to target your customers… www.wingify.com
  • 12. Day and Time Hour of the Day Day of the Week Geolocation Country, City System Variables OS, Browser Hostname Clickstream Pages visited Ads clicked Time spent on Page Recency Number of days since last visit Number of times visited Frequency Frequency of visit Number of times seen the page Referral Referral URL Ad-campaign, Organic Search keywords used Goals/Monetary Goal total value Time taken to achieve goal Average goal value www.wingify.com
  • 13. Advanced Optimization Engine Perform A/B (split), multivariate tests to know what really works for a segment and what doesn’t! www.wingify.com
  • 14. Multiple Flavors! Run tests on content, pricing, ads, page styling, full pages Traffic Channelizing Channelize specific percent of traffic on a variation Segment Specific Tests Run tests on a specific segment only Targeted tests yield better results! Experiment Calculator Your time is precious, don’t keep waiting Know how many days your experiment should run www.wingify.com
  • 15. Multiple Tests on a Page Run multiple non-overlapping or overlapping tests on a page Instant Reports Extensive nicely formatted reports Get instant reports on how tests are performing Statistics-based Results Statistical significance and confidence bounds Know if results are significant or just random www.wingify.com Site-wide Tests Perform a test across the site The user experience remains persistent
  • 16. End to End Optimization You can concentrate on your main business and let us do what we know best: conversion optimization www.wingify.com
  • 17. To catapult your conversion, get in touch with us today www.wingify.com Shoot an email to info@wingify.com or head to www.wingify.com
  • 18. Thank You! www.wingify.com