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How we generated growth ideas worth
ā‚¬150K+
Method and Tools
#mCommerce
ā€œHow are we gona double
our revenue in the next few months?ā€
Me
CEO
ā€œWe should invest in partnerships, email marketing,
review our pricing, and redesign the appā€
Coworkers
ā€œWTF?!
We should take
a look at the
data to craft a
Strategyā€
šŸ‘‰ How did we craft our strategy?
A - High Impact Area
B - Roadmap
A - High Impact Area
B - Roadmap
Strategy Design > High Impact Area
We were a small team and we had limited resources.
We needed to be focus to have an impact.
Strategy Design > High Impact Area
To maximize impact, we gathered insights on our product by looking at our
metrics.
For obvious reasons, the data is fake.
Strategy Design > High Impact Area
Our High Impact Area is the place where our funnel was leaking the most.
For obvious reasons, the data is fake.
Strategy Design > High Impact Area
Our High Impact Area is the place where our funnel was leaking the most.
High Impact Area
A - High Impact Area
B - Roadmap
At the end of our thinking, our roadmap looked like that:
February March April
Focus Area Revenue
Success
Metric
CTR (Cart > Thank you)
Goal 25% 35% 45%
Strategy Design > Roadmap
At the end of our thinking, our roadmap looked like that:
February March April
Focus Area Revenue
Success
Metric
CTR (Cart > Thank you)
Goal 25% 35% 45%
Strategy Design > Roadmap
From our funnel
It will determine
if a test is
successful
or not
CTR goals
distributed on
the next 90 days
Insights High impact area Metrics Roadmap
ā€œWe lose a lot of
users at the last
step of our funnel ā€œ
We focus on this area
for 90 days.
The goal is to improve
our current
conversion rate
(20%).
To measure the impact
of our futur tests, we
monitor the CTR (cart >
thank you).
To summarize our process:
Strategy Design > SummaryStrategy Design > Summary
šŸ‘‰ Now that we had a clear strategy, how did we find
great ideas?
A - Looking for opportunities
B - Looking for inspiration
C - Our ideas
A - Looking for opportunities
B - Looking for inspiration
C - Our ideas
1 - We segmented our data in kissmetrics to find where the leak was coming
from.
France
Country
Germany
United Kingdom
68,049 (68%)
53,345 (65%)
33,654 (71%)
23,840 (5%)74,897 (25%)210,000 (70%)298,351 (100%)
February 1, 2016 - February 28, 2016
24,746 (24%)
22,967 (28%)
12,487 (26%)
100,787 (100%)
82,326 (100%)
48,033 (100%)
10,078 (10%)
2,467 (3%)
5,786 (12%)
Looking for opportunities > Analytics & Data
Did users from a country drop more than other users?
France
Country
Germany
United Kingdom
68,049 (68%)
53,345 (65%)
33,654 (71%)
23,840 (5%)74,897 (25%)210,000 (70%)298,351 (100%)
February 1, 2016 - February 28, 2016
24,746 (24%)
22,967 (28%)
12,487 (26%)
100,787 (100%)
82,326 (100%)
48,033 (100%)
10,078 (10%)
2,467 (3%)
5,786 (12%)
German usersā€™
conversion is
not as good as
other usersā€™
Looking for opportunities > Analytics & Data
Bingo!
2 - We looked into the data in Tableau to understand what Germans were
using as a payment method.
5%
74%
21%
CB Paypal Other
France
Germany
5%
30%
65%
CB Paypal Other
Looking for opportunities > Analytics & Data
What kind of payment methods our users used?
5%
74%
21%
CB Paypal Other
France
Germany
5%
30%
65%
CB Paypal Other
German users
paid a lot with
PayPal
compared to
French users.
Looking for opportunities > Analytics & DataLooking for opportunities > Analytics & Data
Bingo!
[Company X]
We sent 3000+ emails to simply ask users why they were not paying (and used
PayPal so much).
Looking for opportunities > User ResearchLooking for opportunities > User Research
[X]
[Company X]
We sent 3000+ emails to simply ask users why they were not paying (and used
PayPal so much).
Looking for opportunities > User ResearchLooking for opportunities > User Research
We used YAMM to automate
personalized emails easily.
[X]
They told us they were dropping because
ā€¢ they wanted to pay by money transfer (SEPA) and other ways we didnā€™t
even know existed.
ā€¢ they didnā€™t trust the brand because of bad translation.
Looking for opportunities > User ResearchLooking for opportunities > User Research
šŸ˜±
Fair Enough
Looking for opportunities > User Research
They told us they were dropping because
ā€¢ they wanted to pay by money transfer (SEPA) and other ways we not
even know existed.
ā€¢ they didnā€™t trust the brand because of bad translation.
Looking for opportunities > User ResearchLooking for opportunities > User Research
We did 20+ user tests. Hereā€™s what they told us:
Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
We did 20+ user tests. Hereā€™s what they told us:
Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
ā€œWhat if I want
to buy without
having to
register?ā€
We did 20+ user tests. Hereā€™s what they told us:
Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
Looking for opportunities > User ResearchLooking for opportunities > User Test
What if I want
to pay with
other payment
methods?
What if I want
to choose an
other delivery
method?
Looking for opportunities > User ResearchLooking for opportunities > User Test
Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
Are you
kidding me?
Need some
real known
logos there.
Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
Opportunities Summary
Users wanted other payment methods
Users didnā€™t pay because of bad translation
Users experienced a lot of friction in the flow
Looking for opportunities > SummaryLooking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > Summary
A - Looking for opportunities
B - Looking for inspiration
C - Our ideas
1 - We looked at other productsā€™ payment flows for inspiration.
Looking for inspiration > Fancy flowLooking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for inspiration > Fancy Flow
Looking for inspiration > Groupon flowLooking for inspiration > Groupon Flow
2 - We inspired ourselves with great mCommerce companies email tactics.
Looking for inspiration > Abandonment Cart EmailsLooking for inspiration > Abandonment Cart Emails
A - Looking for opportunities
B - Looking for inspiration
C - Our ideas
ā€¢ Perfectly Translate the Payment Flow in German and Italian
ā€¢ Redesign the UX of the flow (Groupon copycat)
ā€¢ Redesign the Summary Screen (focus on the expedition date)
ā€¢ Add trusted elements on the payment screens
ā€¢ Add other payment methods (SEPA transfer)
ā€¢ Add a guest login to remove friction in the flow
ā€¢ Triggered emails when the left an item in his cart
At the end of the day, we came up with dozens of ideas, among which:
Ideas
šŸ‘‰ Now that we had ideas, how did we predict which one will
have the biggest impact?
A - ICE Scoring & Backlog
B - Results
A - ICE Scoring & Backlog
B - Results
The goal is to launch first the most easy and impactful ideas.
"ICE" stands for Impact, Confidence, and Ease.
ICE ScoringICE Scoring
ā€¢ Impact: If it works, what is the potential impact?
ā€¢ Confidence: Do we have evidence it will work?
ā€¢ Ease: How easy it is to test our hypothesis?
ICE ScoringICE ScoringICE Scoring
Start
with this
one
BacklogICE ScoringBacklog
We assigned 1 -10 scores for Impact, Confidence and Ease (10 being the
best)
A - ICE Scoring & Backlog
B - Results
šŸ™Œ
+30% Revenue Growth when translating professionally.
+40% Revenue Growth when adding other payment methods.
= +150Kā‚¬ Turnover
ICE ScoringResults
Our tools
Some websites we used to find inspiration
ICE ScoringTools & Website
Thanks for watching!
Next time, Iā€™ll dive into our process (e.g. launching these ideas).
PS: Feedback is a gift, help me iterate for next time!
Need help to grow revenue
of your eCommerce
website / app?
šŸ‘‰ http://gabrielgourovitch.com

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eCommerce Revenue Hack: How to generate effective ideas

  • 1. How we generated growth ideas worth ā‚¬150K+ Method and Tools #mCommerce
  • 2. ā€œHow are we gona double our revenue in the next few months?ā€ Me CEO ā€œWe should invest in partnerships, email marketing, review our pricing, and redesign the appā€ Coworkers ā€œWTF?! We should take a look at the data to craft a Strategyā€
  • 3. šŸ‘‰ How did we craft our strategy?
  • 4. A - High Impact Area B - Roadmap
  • 5. A - High Impact Area B - Roadmap
  • 6. Strategy Design > High Impact Area We were a small team and we had limited resources. We needed to be focus to have an impact.
  • 7. Strategy Design > High Impact Area To maximize impact, we gathered insights on our product by looking at our metrics.
  • 8. For obvious reasons, the data is fake. Strategy Design > High Impact Area Our High Impact Area is the place where our funnel was leaking the most.
  • 9. For obvious reasons, the data is fake. Strategy Design > High Impact Area Our High Impact Area is the place where our funnel was leaking the most. High Impact Area
  • 10. A - High Impact Area B - Roadmap
  • 11. At the end of our thinking, our roadmap looked like that: February March April Focus Area Revenue Success Metric CTR (Cart > Thank you) Goal 25% 35% 45% Strategy Design > Roadmap
  • 12. At the end of our thinking, our roadmap looked like that: February March April Focus Area Revenue Success Metric CTR (Cart > Thank you) Goal 25% 35% 45% Strategy Design > Roadmap From our funnel It will determine if a test is successful or not CTR goals distributed on the next 90 days
  • 13. Insights High impact area Metrics Roadmap ā€œWe lose a lot of users at the last step of our funnel ā€œ We focus on this area for 90 days. The goal is to improve our current conversion rate (20%). To measure the impact of our futur tests, we monitor the CTR (cart > thank you). To summarize our process: Strategy Design > SummaryStrategy Design > Summary
  • 14. šŸ‘‰ Now that we had a clear strategy, how did we find great ideas?
  • 15. A - Looking for opportunities B - Looking for inspiration C - Our ideas
  • 16. A - Looking for opportunities B - Looking for inspiration C - Our ideas
  • 17. 1 - We segmented our data in kissmetrics to find where the leak was coming from.
  • 18. France Country Germany United Kingdom 68,049 (68%) 53,345 (65%) 33,654 (71%) 23,840 (5%)74,897 (25%)210,000 (70%)298,351 (100%) February 1, 2016 - February 28, 2016 24,746 (24%) 22,967 (28%) 12,487 (26%) 100,787 (100%) 82,326 (100%) 48,033 (100%) 10,078 (10%) 2,467 (3%) 5,786 (12%) Looking for opportunities > Analytics & Data Did users from a country drop more than other users?
  • 19. France Country Germany United Kingdom 68,049 (68%) 53,345 (65%) 33,654 (71%) 23,840 (5%)74,897 (25%)210,000 (70%)298,351 (100%) February 1, 2016 - February 28, 2016 24,746 (24%) 22,967 (28%) 12,487 (26%) 100,787 (100%) 82,326 (100%) 48,033 (100%) 10,078 (10%) 2,467 (3%) 5,786 (12%) German usersā€™ conversion is not as good as other usersā€™ Looking for opportunities > Analytics & Data Bingo!
  • 20. 2 - We looked into the data in Tableau to understand what Germans were using as a payment method.
  • 21. 5% 74% 21% CB Paypal Other France Germany 5% 30% 65% CB Paypal Other Looking for opportunities > Analytics & Data What kind of payment methods our users used?
  • 22. 5% 74% 21% CB Paypal Other France Germany 5% 30% 65% CB Paypal Other German users paid a lot with PayPal compared to French users. Looking for opportunities > Analytics & DataLooking for opportunities > Analytics & Data Bingo!
  • 23. [Company X] We sent 3000+ emails to simply ask users why they were not paying (and used PayPal so much). Looking for opportunities > User ResearchLooking for opportunities > User Research [X]
  • 24. [Company X] We sent 3000+ emails to simply ask users why they were not paying (and used PayPal so much). Looking for opportunities > User ResearchLooking for opportunities > User Research We used YAMM to automate personalized emails easily. [X]
  • 25. They told us they were dropping because ā€¢ they wanted to pay by money transfer (SEPA) and other ways we didnā€™t even know existed. ā€¢ they didnā€™t trust the brand because of bad translation. Looking for opportunities > User ResearchLooking for opportunities > User Research
  • 26. šŸ˜± Fair Enough Looking for opportunities > User Research They told us they were dropping because ā€¢ they wanted to pay by money transfer (SEPA) and other ways we not even know existed. ā€¢ they didnā€™t trust the brand because of bad translation. Looking for opportunities > User ResearchLooking for opportunities > User Research
  • 27. We did 20+ user tests. Hereā€™s what they told us: Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
  • 28. We did 20+ user tests. Hereā€™s what they told us: Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
  • 29. ā€œWhat if I want to buy without having to register?ā€ We did 20+ user tests. Hereā€™s what they told us: Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
  • 30. Looking for opportunities > User ResearchLooking for opportunities > User Test
  • 31. What if I want to pay with other payment methods? What if I want to choose an other delivery method? Looking for opportunities > User ResearchLooking for opportunities > User Test
  • 32. Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
  • 33. Are you kidding me? Need some real known logos there. Looking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > User Test
  • 34. Opportunities Summary Users wanted other payment methods Users didnā€™t pay because of bad translation Users experienced a lot of friction in the flow Looking for opportunities > SummaryLooking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for opportunities > Summary
  • 35. A - Looking for opportunities B - Looking for inspiration C - Our ideas
  • 36. 1 - We looked at other productsā€™ payment flows for inspiration.
  • 37. Looking for inspiration > Fancy flowLooking for opportunities > User ResearchLooking for opportunities > User ResearchLooking for inspiration > Fancy Flow
  • 38. Looking for inspiration > Groupon flowLooking for inspiration > Groupon Flow
  • 39. 2 - We inspired ourselves with great mCommerce companies email tactics.
  • 40. Looking for inspiration > Abandonment Cart EmailsLooking for inspiration > Abandonment Cart Emails
  • 41. A - Looking for opportunities B - Looking for inspiration C - Our ideas
  • 42. ā€¢ Perfectly Translate the Payment Flow in German and Italian ā€¢ Redesign the UX of the flow (Groupon copycat) ā€¢ Redesign the Summary Screen (focus on the expedition date) ā€¢ Add trusted elements on the payment screens ā€¢ Add other payment methods (SEPA transfer) ā€¢ Add a guest login to remove friction in the flow ā€¢ Triggered emails when the left an item in his cart At the end of the day, we came up with dozens of ideas, among which: Ideas
  • 43. šŸ‘‰ Now that we had ideas, how did we predict which one will have the biggest impact?
  • 44. A - ICE Scoring & Backlog B - Results
  • 45. A - ICE Scoring & Backlog B - Results
  • 46. The goal is to launch first the most easy and impactful ideas. "ICE" stands for Impact, Confidence, and Ease. ICE ScoringICE Scoring
  • 47. ā€¢ Impact: If it works, what is the potential impact? ā€¢ Confidence: Do we have evidence it will work? ā€¢ Ease: How easy it is to test our hypothesis? ICE ScoringICE ScoringICE Scoring
  • 48. Start with this one BacklogICE ScoringBacklog We assigned 1 -10 scores for Impact, Confidence and Ease (10 being the best)
  • 49. A - ICE Scoring & Backlog B - Results
  • 50. šŸ™Œ +30% Revenue Growth when translating professionally. +40% Revenue Growth when adding other payment methods. = +150Kā‚¬ Turnover ICE ScoringResults
  • 51. Our tools Some websites we used to find inspiration ICE ScoringTools & Website
  • 52. Thanks for watching! Next time, Iā€™ll dive into our process (e.g. launching these ideas). PS: Feedback is a gift, help me iterate for next time!
  • 53. Need help to grow revenue of your eCommerce website / app? šŸ‘‰ http://gabrielgourovitch.com