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Leading The Product 2017
Speaker Slides
Sydney, Australia
Susan Teschner
99designs
For more information go to
www.leadingtheproduct.com
© 99designs, Inc.© 99designs, Inc.
Experimenting
with
ExperimentationPro tips for doing it well
by Susan Teschner
© 99designs, Inc. 3
Who am I?
some days I’m not sure
4
design
Retail
catalogues &
ad networks
Accounting
software
VoIP
Shipping for
eCommerce
Classifieds
99
iNC
MYOB
Delta 3
Australia Post
Fairfax
SEEK
© 99designs, Inc. 5
Manage products.
Manage people
managing
products.
by Evilltimmby LanaD.
6
World’s largest marketplace
for graphic design
We’re very busy
—
450,000happy customers
We’re famous but with
hidden talents
—
36
Design categories
by Vladson
We’re home grown and
a bit grown up
—
2008
Founded in Melbourne
115
Fabulous people
3
Offices (BER, OAK, MEL)
$200mpaid to designers
© 99designs, Inc. 7
Experimentation?
© 99designs, Inc. 8
“doing a thing to discover something
unknown or to test a principle”
— poorly paraphrased from dictionary.com
9
The universe of experiments
—
by Gorcha
by huhi
© 99designs, Inc. 10
So this is an agile thing?
© 99designs, Inc. 11
Where are
they now?
by kazoe
© 99designs, Inc. 12
How does it help?
© 99designs, Inc. 13
8 lessons
© 99designs, Inc.
DO pay attention
—
1
© 99designs, Inc. 15
I don’t have all the
ideas
—
by Thedaydreamer
© 99designs, Inc. 16
How 99designs was
born…
—
by xeniatm
© 99designs, Inc. 17
Why we created 1:1
Projects
—
by ktoons
© 99designs, Inc.
DON’T underestimate the
importance of experiment design
—
2
© 99designs, Inc.Commercial in confidence 19
Start off on the right foot
—
▪ clearly stated hypothesis
▪ definition of success
▪ specific metrics
by ktoons
© 99designs, Inc. 20
Beware the dragon of
statistical significance
—
by ilustreishon
© 99designs, Inc. 21
Here’s how
—
https://unbounce.com/ab-test-duration-calculator/
Sample Size & Test Duration Calculator
Current conversion rate (%)
Desired lift (%)
Number of variations
Average daily visitors
To achieve valid test results*, you need:
A total sample of (users):
Test duration of (days**):
10800
5
10
20
3
2000
© 99designs, Inc.
Sample Size & Test Duration Calculator
Current conversion rate (%)
Desired lift (%)
Number of variations
Average daily visitors
To achieve valid test results*, you need:
A total sample of (users):
Test duration of (days**):
10800
54
10
20
3
200
Sample Size & Test Duration Calculator
Current conversion rate (%)
Desired lift (%)
Number of variations
Average daily visitors
To achieve valid test results*, you need:
A total sample of (users):
Test duration of (days**):
10800
5
10
20
3
2000
22https://unbounce.com/ab-test-duration-calculator/
Here’s how
—
© 99designs, Inc. 23
This was a bit too
long to wait
—
How long will your experiment take?
How many eligible visits do you have per day?
What percentage of visits will see the change?
What is your current conversion rate?
How will you change conversion?
How confident do you want to be of this?
How likely should you be to detect the change?
1,400
50%
2%
5%
95%
90%
You should run this experiment for 1 year, 7 months and 28 days.
© 99designs, Inc.
DO choose the
right tools
—
3
© 99designs, Inc. 25
26
other data
sets
Performance
UI / UX
Resourcing
Maturity
$
Things to think about
—
© 99designs, Inc. 27
So, who’s your favorite?
—
by glasshopperart
© 99designs, Inc.
DON’T spend too much
—
4
© 99designs, Inc. 29
Beware the gold plating
—
by MattDyckStudios
https://www.quora.com/How-is-pretotyping-different-from-prototyping
© 99designs, Inc. 30
Baby steps towards a
Gift Shop
i1
i2
© 99designs, Inc.
…but DO spend enough
—
5
© 99designs, Inc.© 99designs, Inc. 32
“We increased
sales by 37%
and all we had
to do was
change the
color of a
button!
by Pierre d’Arterie
© 99designs, Inc. 33
This was never
going to wow.
© 99designs, Inc. 34
by Hildebrand
© 99designs, Inc.
1
Testing tools
—
2
Variations
—
3
Opportunity cost
—
by RaidenD
© 99designs, Inc.
DON’T ignore the results
—
6
© 99designs, Inc. 37
If it seems too good to be
true…
—
by Frankie Cadillac
© 99designs, Inc. 38
Share the results.
Publicly.
—
by Sam!
© 99designs, Inc.
DO make decisions
& follow through
—
7
© 99designs, Inc. 40
R.I.P.
—
by RVST
© 99designs, Inc. 41
… or put your money
where your experiment is
—
© 99designs, Inc. 42
… or take your chances
with the people who look
after it
—
by Thedaydreamer
© 99designs, Inc. 43
A story about Social Sharing
by clouds940
© 99designs, Inc. 44
by clouds940
A story about Social Sharing
© 99designs, Inc. 45
A story about Social Sharing
© 99designs, Inc. 46
A story about Social Sharing
by miljanristic by FRITO-DESIGNstudio
by Joedsign
© 99designs, Inc. 47
by clouds940
A story about Social Sharing
© 99designs, Inc. 48
WALK AWAY
extremeuncertainty.com
© 99designs, Inc.
Until one
day…
—
Ashish
Yep, I’ve also flagged this feature with @Miranda Burford as
something we should critically evaluate as I’m concerned the
benefits have not outweighed the costs.
Susan
Good call @Miranda Burford. And it didn’t go unnoticed that we’re
the only ones who ticked off our To-Do’s.
Miranda
Just to circle back on this, we reviewed Social Sharing and made
the decision to retire it. If you’re interested in how we came to that
decision, you can check out the slide deck.
© 99designs, Inc.
DO learn from how
you’re learning
—
8
© 99designs, Inc. 51
How’s it going?
by stormyfuego
© 99designs, Inc.
2017-05-17
2017-07-05
2017-05-12
2017-04-18
Start End Team
2017-04-29
Growth
Activation
Growth
-2% click through
-11% reduction of click through to
Other design category
50%
2017-07-17 -10% clicks
0% conversion impact
Growth
Acquisition
/categories
Email
forward in
brief
Improved
search on
categories
Spruced up
cross sell
Experiment Page
Conversion
goal
/work
Click to
product
pages
Click
repeat
purchase
Visual brief Increase
email
capture
Minimum /
Aimed
improvement
5%
65%
33%
Observed
improvement
52
At a glance
—
© 99designs, Inc. 53
Facing the
music?
—
by jestyr37
© 99designs, Inc. 54
Treat it like
an
experiment
—
by dante banuelos
© 99designs, Inc.
Bottom
line?
by Mad pepper
© 99designs, Inc. 56
Thank you
by Thedaydreamer
Leading the product 2017 - Susan Teschner - Speaker Slides

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Leading the product 2017 - Susan Teschner - Speaker Slides

  • 1. Leading The Product 2017 Speaker Slides Sydney, Australia Susan Teschner 99designs For more information go to www.leadingtheproduct.com
  • 2. © 99designs, Inc.© 99designs, Inc. Experimenting with ExperimentationPro tips for doing it well by Susan Teschner
  • 3. © 99designs, Inc. 3 Who am I? some days I’m not sure
  • 4. 4 design Retail catalogues & ad networks Accounting software VoIP Shipping for eCommerce Classifieds 99 iNC MYOB Delta 3 Australia Post Fairfax SEEK
  • 5. © 99designs, Inc. 5 Manage products. Manage people managing products. by Evilltimmby LanaD.
  • 6. 6 World’s largest marketplace for graphic design We’re very busy — 450,000happy customers We’re famous but with hidden talents — 36 Design categories by Vladson We’re home grown and a bit grown up — 2008 Founded in Melbourne 115 Fabulous people 3 Offices (BER, OAK, MEL) $200mpaid to designers
  • 7. © 99designs, Inc. 7 Experimentation?
  • 8. © 99designs, Inc. 8 “doing a thing to discover something unknown or to test a principle” — poorly paraphrased from dictionary.com
  • 9. 9 The universe of experiments — by Gorcha by huhi
  • 10. © 99designs, Inc. 10 So this is an agile thing?
  • 11. © 99designs, Inc. 11 Where are they now? by kazoe
  • 12. © 99designs, Inc. 12 How does it help?
  • 13. © 99designs, Inc. 13 8 lessons
  • 14. © 99designs, Inc. DO pay attention — 1
  • 15. © 99designs, Inc. 15 I don’t have all the ideas — by Thedaydreamer
  • 16. © 99designs, Inc. 16 How 99designs was born… — by xeniatm
  • 17. © 99designs, Inc. 17 Why we created 1:1 Projects — by ktoons
  • 18. © 99designs, Inc. DON’T underestimate the importance of experiment design — 2
  • 19. © 99designs, Inc.Commercial in confidence 19 Start off on the right foot — ▪ clearly stated hypothesis ▪ definition of success ▪ specific metrics by ktoons
  • 20. © 99designs, Inc. 20 Beware the dragon of statistical significance — by ilustreishon
  • 21. © 99designs, Inc. 21 Here’s how — https://unbounce.com/ab-test-duration-calculator/ Sample Size & Test Duration Calculator Current conversion rate (%) Desired lift (%) Number of variations Average daily visitors To achieve valid test results*, you need: A total sample of (users): Test duration of (days**): 10800 5 10 20 3 2000
  • 22. © 99designs, Inc. Sample Size & Test Duration Calculator Current conversion rate (%) Desired lift (%) Number of variations Average daily visitors To achieve valid test results*, you need: A total sample of (users): Test duration of (days**): 10800 54 10 20 3 200 Sample Size & Test Duration Calculator Current conversion rate (%) Desired lift (%) Number of variations Average daily visitors To achieve valid test results*, you need: A total sample of (users): Test duration of (days**): 10800 5 10 20 3 2000 22https://unbounce.com/ab-test-duration-calculator/ Here’s how —
  • 23. © 99designs, Inc. 23 This was a bit too long to wait — How long will your experiment take? How many eligible visits do you have per day? What percentage of visits will see the change? What is your current conversion rate? How will you change conversion? How confident do you want to be of this? How likely should you be to detect the change? 1,400 50% 2% 5% 95% 90% You should run this experiment for 1 year, 7 months and 28 days.
  • 24. © 99designs, Inc. DO choose the right tools — 3
  • 26. 26 other data sets Performance UI / UX Resourcing Maturity $ Things to think about —
  • 27. © 99designs, Inc. 27 So, who’s your favorite? — by glasshopperart
  • 28. © 99designs, Inc. DON’T spend too much — 4
  • 29. © 99designs, Inc. 29 Beware the gold plating — by MattDyckStudios https://www.quora.com/How-is-pretotyping-different-from-prototyping
  • 30. © 99designs, Inc. 30 Baby steps towards a Gift Shop i1 i2
  • 31. © 99designs, Inc. …but DO spend enough — 5
  • 32. © 99designs, Inc.© 99designs, Inc. 32 “We increased sales by 37% and all we had to do was change the color of a button! by Pierre d’Arterie
  • 33. © 99designs, Inc. 33 This was never going to wow.
  • 34. © 99designs, Inc. 34 by Hildebrand
  • 35. © 99designs, Inc. 1 Testing tools — 2 Variations — 3 Opportunity cost — by RaidenD
  • 36. © 99designs, Inc. DON’T ignore the results — 6
  • 37. © 99designs, Inc. 37 If it seems too good to be true… — by Frankie Cadillac
  • 38. © 99designs, Inc. 38 Share the results. Publicly. — by Sam!
  • 39. © 99designs, Inc. DO make decisions & follow through — 7
  • 40. © 99designs, Inc. 40 R.I.P. — by RVST
  • 41. © 99designs, Inc. 41 … or put your money where your experiment is —
  • 42. © 99designs, Inc. 42 … or take your chances with the people who look after it — by Thedaydreamer
  • 43. © 99designs, Inc. 43 A story about Social Sharing by clouds940
  • 44. © 99designs, Inc. 44 by clouds940 A story about Social Sharing
  • 45. © 99designs, Inc. 45 A story about Social Sharing
  • 46. © 99designs, Inc. 46 A story about Social Sharing by miljanristic by FRITO-DESIGNstudio by Joedsign
  • 47. © 99designs, Inc. 47 by clouds940 A story about Social Sharing
  • 48. © 99designs, Inc. 48 WALK AWAY extremeuncertainty.com
  • 49. © 99designs, Inc. Until one day… — Ashish Yep, I’ve also flagged this feature with @Miranda Burford as something we should critically evaluate as I’m concerned the benefits have not outweighed the costs. Susan Good call @Miranda Burford. And it didn’t go unnoticed that we’re the only ones who ticked off our To-Do’s. Miranda Just to circle back on this, we reviewed Social Sharing and made the decision to retire it. If you’re interested in how we came to that decision, you can check out the slide deck.
  • 50. © 99designs, Inc. DO learn from how you’re learning — 8
  • 51. © 99designs, Inc. 51 How’s it going? by stormyfuego
  • 52. © 99designs, Inc. 2017-05-17 2017-07-05 2017-05-12 2017-04-18 Start End Team 2017-04-29 Growth Activation Growth -2% click through -11% reduction of click through to Other design category 50% 2017-07-17 -10% clicks 0% conversion impact Growth Acquisition /categories Email forward in brief Improved search on categories Spruced up cross sell Experiment Page Conversion goal /work Click to product pages Click repeat purchase Visual brief Increase email capture Minimum / Aimed improvement 5% 65% 33% Observed improvement 52 At a glance —
  • 53. © 99designs, Inc. 53 Facing the music? — by jestyr37
  • 54. © 99designs, Inc. 54 Treat it like an experiment — by dante banuelos
  • 56. © 99designs, Inc. 56 Thank you by Thedaydreamer