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HOW PERSONALIZATION CAN IMPACT
15-20% OF YOUR DIGITAL REVENUES
André Neubauer, CTO
Berlin, 13.11.2019
Who are we - Mister Spex at a glance
Largest European Online Optician
More than 2 Mio. customers
Operating in 10 countries
Multichannel approach
> 500 employees
Value Proposition
Largest assortment in stock,
best value for money, and
best customer experience
#1 Segmentation and Personalization
 deliver the right content to the right audience – Convenience, Inspiration vs. Trust
#2 Product recommendations
#3 Content injection for campaign and onsite support
 better serve local needs in various countries
 ease to use, fast time to market, low DEV effort
WHY DID WE START LOOKING FOR A CUSTOMER EXPERIENCE PLATFORM?
3
PERSONALIZATION 101
„Personalization [...] consists of
tailoring a service or a product to accommodate specific individuals
[...] Organizations use personalization to improve customer satisfaction, digital
sales conversion, marketing results, branding, and improved website metrics as
well as for advertising.“
4
https://en.wikipedia.org/wiki/Personalization
CONFIDENTIAL
OUR HOMEPAGE STORY
…. SO FAR
Mister Spex Powerpoint Template 5
GENDER SEGMENTATION MAKES IT EASIER TO DELIVER BETTER SESSIONS
ACROSS WEBSITE
A – Carousel B – Gender teaser
Bounce rate: -10% // CTR: +38% // CR: +3%
Hypothesis: By exchanging a carousel by static elements the engagement of users increases what leads
to a lower bounce rate and an increased CTR on the main teaser elements.
PG USERS INTERACT BETTER WITH CATEGORY SPECIFIC CONTENT ON THE
HOMEPAGE
A – Default B – PG
Category specific content increased the CTR significantly
Hypothesis: By showing category specific content the user is more addressed because the content has
more relevance and therefore the interaction with the homepage will increase.
PG USERS INTERACT BETTER WITH CATEGORY SPECIFIC CONTENT ON THE
HOMEPAGE
A – Default B – PG
Category specific content increased the CTR significantly
Hypothesis: By showing category specific content the user is more addressed because the content has
more relevance and therefore the interaction with the homepage will increase.
CTR UPLIFT FOR CATEGORY SPECIFIC CONTENT WAS HIGHEST FOR CL USERS
A – Default B – CL
Category specific content increased the CTR significantly (incl. Top Nav).
Hypothesis: By showing category specific content the user is more addressed because the content has
more relevance and therefore the interaction with the homepage will increase.
FEMALE USERS DO NOT REACT DIFFERENTLY ON GENDER SPECIFIC CONTENT ON
THE HOMEPAGE
Hypothesis: By showing gender specific content the user is more addressed because the content has
more relevance and therefore the interaction with the homepage will increase.
A - Default B – Female
Because of no differences in non of the KPIs, gender specific content seems not to be
more relevant then the default content.
CONFIDENTIAL
BESIDE THAT –
WHAT WE USE DY ALSO FOR
Mister Spex Powerpoint Template 11
PRODUCT RECOMMENDATION
Mister Spex Powerpoint Template 12
Hypothesis: By showing similar products customers get a faster overview of relevant products.
BASIC A/B TESTING
A – Default B – Showing voucher code
DR: +12% // CR: +8%
Hypothesis: By showing the voucher code without any customer interaction, deal rate and conversion
will increase.
FILL HOME TRIAL BASKET WITH RELEVANT PRODUCTS
14
TRY TO CONVERT A VISITOR INTO A CUSTOMER (WITH A VOUCHER) SHORT
BEFORE (S)HE LEAVES
15
CONFIDENTIAL
HOW IT WORKS …
Mister Spex Powerpoint Template 16
INITIAL INTEGRATION INTO OUR SYSTEM LANDSCAPE WAS STRAIGHT FORWARD
17
<Tracking>
<Customization>
<Data feed>
<Order>
<Customer>
<Product>
CONFIDENTIAL
PERSONALIZATION 2.0
–
MACHINE LEARNING POWERED
Mister Spex Powerpoint Template 18
AUTO-ALLOCATION TEST OF DIFFERENT COMMUNICATIONS
19
Putting AI to work drove the highest possible impact in the shortest time  CTR: +67%
SMART DISPLAY ORDER
Smart Standard
CONFIDENTIAL
THE UGLY TRICKY PART
Mister Spex Powerpoint Template 21
OUR LEARNINGS SO FAR
(1) Personalization is affecting the entire organisation – Productmangement, Marketing, Business Intelligence, Tech,
etc
(2) Individualising the customer journey takes times – going for machine learning approaches requires data and
trust
(3) „Final“ result can be quite complex – hard to measure and compare
(4) Client-side personalization comes at a certain costs – easy integration but footprint can be large/ resource-heavy
(5) DY is a powerful and easy to use tools – avoid misuse
22
THANKS!
23Mister Spex Powerpoint Template
Andre.Neubauer@Misterspex.de

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How personalization can impact 15-20% of your digital revenues

  • 1. HOW PERSONALIZATION CAN IMPACT 15-20% OF YOUR DIGITAL REVENUES André Neubauer, CTO Berlin, 13.11.2019
  • 2. Who are we - Mister Spex at a glance Largest European Online Optician More than 2 Mio. customers Operating in 10 countries Multichannel approach > 500 employees Value Proposition Largest assortment in stock, best value for money, and best customer experience
  • 3. #1 Segmentation and Personalization  deliver the right content to the right audience – Convenience, Inspiration vs. Trust #2 Product recommendations #3 Content injection for campaign and onsite support  better serve local needs in various countries  ease to use, fast time to market, low DEV effort WHY DID WE START LOOKING FOR A CUSTOMER EXPERIENCE PLATFORM? 3
  • 4. PERSONALIZATION 101 „Personalization [...] consists of tailoring a service or a product to accommodate specific individuals [...] Organizations use personalization to improve customer satisfaction, digital sales conversion, marketing results, branding, and improved website metrics as well as for advertising.“ 4 https://en.wikipedia.org/wiki/Personalization
  • 5. CONFIDENTIAL OUR HOMEPAGE STORY …. SO FAR Mister Spex Powerpoint Template 5
  • 6. GENDER SEGMENTATION MAKES IT EASIER TO DELIVER BETTER SESSIONS ACROSS WEBSITE A – Carousel B – Gender teaser Bounce rate: -10% // CTR: +38% // CR: +3% Hypothesis: By exchanging a carousel by static elements the engagement of users increases what leads to a lower bounce rate and an increased CTR on the main teaser elements.
  • 7. PG USERS INTERACT BETTER WITH CATEGORY SPECIFIC CONTENT ON THE HOMEPAGE A – Default B – PG Category specific content increased the CTR significantly Hypothesis: By showing category specific content the user is more addressed because the content has more relevance and therefore the interaction with the homepage will increase.
  • 8. PG USERS INTERACT BETTER WITH CATEGORY SPECIFIC CONTENT ON THE HOMEPAGE A – Default B – PG Category specific content increased the CTR significantly Hypothesis: By showing category specific content the user is more addressed because the content has more relevance and therefore the interaction with the homepage will increase.
  • 9. CTR UPLIFT FOR CATEGORY SPECIFIC CONTENT WAS HIGHEST FOR CL USERS A – Default B – CL Category specific content increased the CTR significantly (incl. Top Nav). Hypothesis: By showing category specific content the user is more addressed because the content has more relevance and therefore the interaction with the homepage will increase.
  • 10. FEMALE USERS DO NOT REACT DIFFERENTLY ON GENDER SPECIFIC CONTENT ON THE HOMEPAGE Hypothesis: By showing gender specific content the user is more addressed because the content has more relevance and therefore the interaction with the homepage will increase. A - Default B – Female Because of no differences in non of the KPIs, gender specific content seems not to be more relevant then the default content.
  • 11. CONFIDENTIAL BESIDE THAT – WHAT WE USE DY ALSO FOR Mister Spex Powerpoint Template 11
  • 12. PRODUCT RECOMMENDATION Mister Spex Powerpoint Template 12 Hypothesis: By showing similar products customers get a faster overview of relevant products.
  • 13. BASIC A/B TESTING A – Default B – Showing voucher code DR: +12% // CR: +8% Hypothesis: By showing the voucher code without any customer interaction, deal rate and conversion will increase.
  • 14. FILL HOME TRIAL BASKET WITH RELEVANT PRODUCTS 14
  • 15. TRY TO CONVERT A VISITOR INTO A CUSTOMER (WITH A VOUCHER) SHORT BEFORE (S)HE LEAVES 15
  • 16. CONFIDENTIAL HOW IT WORKS … Mister Spex Powerpoint Template 16
  • 17. INITIAL INTEGRATION INTO OUR SYSTEM LANDSCAPE WAS STRAIGHT FORWARD 17 <Tracking> <Customization> <Data feed> <Order> <Customer> <Product>
  • 18. CONFIDENTIAL PERSONALIZATION 2.0 – MACHINE LEARNING POWERED Mister Spex Powerpoint Template 18
  • 19. AUTO-ALLOCATION TEST OF DIFFERENT COMMUNICATIONS 19 Putting AI to work drove the highest possible impact in the shortest time  CTR: +67%
  • 21. CONFIDENTIAL THE UGLY TRICKY PART Mister Spex Powerpoint Template 21
  • 22. OUR LEARNINGS SO FAR (1) Personalization is affecting the entire organisation – Productmangement, Marketing, Business Intelligence, Tech, etc (2) Individualising the customer journey takes times – going for machine learning approaches requires data and trust (3) „Final“ result can be quite complex – hard to measure and compare (4) Client-side personalization comes at a certain costs – easy integration but footprint can be large/ resource-heavy (5) DY is a powerful and easy to use tools – avoid misuse 22
  • 23. THANKS! 23Mister Spex Powerpoint Template Andre.Neubauer@Misterspex.de