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A/B Testing
8 Tests from SoftVu and the Industry
Why Test Campaigns?

Compare the effectiveness of 2 or
more campaigns in order to
discover which has better response
or conversion rate
Visitors randomly distributed
                                                 SoftVu’s
              Equal Distribution
                                                 A/B Testing Process
                                                 1. Gather Insights
                                                 2. Predict how to improve
                                                 3. Confirm theory (A/B Test)
                                                 4. Develop new theory

          A                                  B   5. Test Again




 28%                                   43%


Version B is better than version A
SoftVu’s Email Campaign “DNA”
▪ Sender          ▪ Signature Line
▪ Subject line    ▪ Call to Action
▪ Template        ▪ Distribution Rules
▪ Body Text
SoftVu’s Landing Page “DNA”
▪ Color & Images      ▪ Number of Links
▪ Video               ▪ Keywords
▪ Responsive Design   ▪ Personalization
▪ Spokesperson vs.    ▪ Masculine vs. Feminine
  Executive
Test Results
SoftVu Email Campaigns
Call to Action
Campaign: New Lead, Day 0                                                 Test Goal: Increase click-through rate
  Purpose: Company Introduction                                             Results: 23% Increase
    Sends: 13,000 – round-robin                                             Winner: Contender



     LOGO                                                                       LOGO
                 Hi [fname],                                                               Hi [fname],

     View Link   I just received your loan inquiry and noticed that you        View Info   I just received your loan inquiry and noticed that you
                 may be eligible for a VA loan. [Company] is a veteran                     may be eligible for a VA loan. [Company] is a veteran
                 owned company, so we take pride in providing top-                         owned company, so we take pride in providing top-
                 notch service to those who served our country.                            notch service to those who served our country.

                 Click the VIEW LINK button to learn the answers to                        Click the VIEW LINK button to learn the answers to
                 some of the most common questions we get from our                         some of the most common questions we get from our
                 veteran customers.                                                        veteran customers.


   Champion                                                                  Contender
Short versus Long Copy
Campaign: Aged - Day 45                                                        Test Goal: Increase click-through rate
  Purpose: Update Status                                                         Results: 88% Increase
    Sends: 5,000 – round-robin                                                   Winner: Version A


     Hi [fname],                                                                    Hi [fname],

     If you’re ready to discuss your financial goals, compare offers, or get        All else being just about equal, what do you expect from a mortgage
     started with your home loan, please click the UPDATE STATUS button.            lender?
     It only takes a minute and will help me to better serve your needs.
                                                                                    It’s the things you don’t expect that sets us apart:
     Best Regards
                                                                                       1) Our loan officers actually answer the phones live and in-person
                                                                                      95% of the time (yes, we track it).
                                                                                      2) On average, we close a week or two faster than our competition
                                                                                      3) Our loan officers have more experience and provide more
                                                                                      personalized service with fewer hassles than our competition.
                                                                                      4) We lend our own money and make our own lending decisions—
                                                                                      so we can help where other can’t.

                                                                                     Let me know if you’re ready to discuss your financial goals, compare
                                                                                     offers, or get started with your home loan by clicking the UPDATE
Subject Line
Campaign: Veterans Day Promo     Test Goal: Increase Open Rate
  Purpose: Thank Veterans          Results: 16% Increase
    Sends: 4,000 – round-robin     Winner: Version B


                                      Version A: [Client] Thanks You For Your Service
      LOGO
                                      Version B: Honoring All Who Serve

                                       The click through rate of Version
                                       B was also 83% greater, and the
                                       click-to-open rate 56% higher
                                       than Version A
Multivariate test
Campaign: Working Day 14                                         Test Goal: Increase click-through rate
  Purpose: Educational, loan points                                Results: 500% Increase
    Sends: 35,000 – round-robin                                    Winner: Version A

                                                           A                                                                B
     Tim to lock-in is Now                                         [Client Name}: A Few Points
    Sent: Wednesday, October 24, 2012 5:53PM                      Sent: Wednesday, October 24, 2012 5:55PM
     To: Jeff D                                                     To: Jeff D



          LOGO                                                          LOGO

    VIEW RATES   Jeff,                                            LEARN MORE   Jeff,

                 With today’s rate fluctuations, we are urging                 Do you know how loan points may impact your
                 our customers to lock NOW, while rates are at                 monthly payment? Or, if it makes sense to pay
                 the lowest!                                                   points on your upcoming refinance?

                 Click VIEW RATES to see current rates.                        Click on the LEARN MORE button to read more
                                                                               about origination points, the benefits, and much
                 Call me today to lock in!                                     more.

                                                                               Thanks,
Test Results
Great Examples from the Industry
Content Impact on Conversion Rate




                    108% Improvement
Increase Sign Ups




                    125%
Showing Price




 100% increase in leads
The Power of One Word




Control




                  161%
Increase in click-through rate
                                  Variation

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Soft vu a:b test report

  • 1. A/B Testing 8 Tests from SoftVu and the Industry
  • 2. Why Test Campaigns? Compare the effectiveness of 2 or more campaigns in order to discover which has better response or conversion rate
  • 3. Visitors randomly distributed SoftVu’s Equal Distribution A/B Testing Process 1. Gather Insights 2. Predict how to improve 3. Confirm theory (A/B Test) 4. Develop new theory A B 5. Test Again 28% 43% Version B is better than version A
  • 4. SoftVu’s Email Campaign “DNA” ▪ Sender ▪ Signature Line ▪ Subject line ▪ Call to Action ▪ Template ▪ Distribution Rules ▪ Body Text
  • 5. SoftVu’s Landing Page “DNA” ▪ Color & Images ▪ Number of Links ▪ Video ▪ Keywords ▪ Responsive Design ▪ Personalization ▪ Spokesperson vs. ▪ Masculine vs. Feminine Executive
  • 7. Call to Action Campaign: New Lead, Day 0 Test Goal: Increase click-through rate Purpose: Company Introduction Results: 23% Increase Sends: 13,000 – round-robin Winner: Contender LOGO LOGO Hi [fname], Hi [fname], View Link I just received your loan inquiry and noticed that you View Info I just received your loan inquiry and noticed that you may be eligible for a VA loan. [Company] is a veteran may be eligible for a VA loan. [Company] is a veteran owned company, so we take pride in providing top- owned company, so we take pride in providing top- notch service to those who served our country. notch service to those who served our country. Click the VIEW LINK button to learn the answers to Click the VIEW LINK button to learn the answers to some of the most common questions we get from our some of the most common questions we get from our veteran customers. veteran customers. Champion Contender
  • 8. Short versus Long Copy Campaign: Aged - Day 45 Test Goal: Increase click-through rate Purpose: Update Status Results: 88% Increase Sends: 5,000 – round-robin Winner: Version A Hi [fname], Hi [fname], If you’re ready to discuss your financial goals, compare offers, or get All else being just about equal, what do you expect from a mortgage started with your home loan, please click the UPDATE STATUS button. lender? It only takes a minute and will help me to better serve your needs. It’s the things you don’t expect that sets us apart: Best Regards 1) Our loan officers actually answer the phones live and in-person 95% of the time (yes, we track it). 2) On average, we close a week or two faster than our competition 3) Our loan officers have more experience and provide more personalized service with fewer hassles than our competition. 4) We lend our own money and make our own lending decisions— so we can help where other can’t. Let me know if you’re ready to discuss your financial goals, compare offers, or get started with your home loan by clicking the UPDATE
  • 9. Subject Line Campaign: Veterans Day Promo Test Goal: Increase Open Rate Purpose: Thank Veterans Results: 16% Increase Sends: 4,000 – round-robin Winner: Version B Version A: [Client] Thanks You For Your Service LOGO Version B: Honoring All Who Serve The click through rate of Version B was also 83% greater, and the click-to-open rate 56% higher than Version A
  • 10. Multivariate test Campaign: Working Day 14 Test Goal: Increase click-through rate Purpose: Educational, loan points Results: 500% Increase Sends: 35,000 – round-robin Winner: Version A A B Tim to lock-in is Now [Client Name}: A Few Points Sent: Wednesday, October 24, 2012 5:53PM Sent: Wednesday, October 24, 2012 5:55PM To: Jeff D To: Jeff D LOGO LOGO VIEW RATES Jeff, LEARN MORE Jeff, With today’s rate fluctuations, we are urging Do you know how loan points may impact your our customers to lock NOW, while rates are at monthly payment? Or, if it makes sense to pay the lowest! points on your upcoming refinance? Click VIEW RATES to see current rates. Click on the LEARN MORE button to read more about origination points, the benefits, and much Call me today to lock in! more. Thanks,
  • 11. Test Results Great Examples from the Industry
  • 12. Content Impact on Conversion Rate 108% Improvement
  • 14. Showing Price 100% increase in leads
  • 15. The Power of One Word Control 161% Increase in click-through rate Variation

Editor's Notes

  1. Planned to be 10 tests, but our internal split test proved that people tend to nod off after 8. So, we went with 8!