Marko Hurst Brand Websites Must Die! Understanding Online Business Models for Greater ROI & Design Excerpt: NYC UPA Keynote Designing Outcomes : Feb 2009 First in a series of short education presentations
May 18, 2015
Marko Hurst
Brand Websites Must Die!Understanding Online Business Models for Greater ROI &
Design
Excerpt: NYC UPA KeynoteDesigning Outcomes: Feb 2009
First in a series of short education presentations
Marko Hurst
Me
Book: Search Analytics - Conversations With Your Customers
• Anticipated release: December 2009
• Book website: RosenfeldMedia.com/books/SearchAnalytics
• Co-Author: Lou Rosenfeld
Consultant, Author, & Speaker
• User Experience
• Web Analytics
• Behavioral Targeting: (Machine Learning & Neuroscience)
Blog: MarkoHurst.com “Insightful Analytics”
Twitter: MarkoHurst
Contact: [email protected]
Marko Hurst•http://www.flickr.com/photos/valpopando/2125883501/
Business Models & Goals
Marko Hurst
1.eCommerce
• Buy now• Reoccurring
Online Business Models
NOTE:
• Each business model comes with it’s own inherent KPIs. For me details see Eric Peterson’s “Big Book of KPIs”
•Most sites fall into at least 2 models
•Once you determine your business models all decisions are then vetted against it/them
2.Content • Advertising
• Subscription
3.Lead Gen• Data Collection
• Branding
4.Support/Customer Care
Marko Hurst
Establish Goals
Provide clearly defined AND quantifiable objectives
“Increase customer satisfaction by 7% across US market in the next 12 months via customer support” + Goal / + Quantifiable
“Capture 100K visitor emails via online coupons over 3 months on our “XYZ” microsite for our CRM program” + Goal / + Quantifiable
“Make my bonus”
+ Goal / - Quantifiable
“Clean simple design”- Goal / - Quantifiable
1. Establish a baseline
– Where are we now?
2. Set a goal
– Where do we want to be?
3. Optimization
– How will we get there?
* Remember the 3 part process
Marko Hurst
Lead Gen: Trial/Sampling
Marko Hurst
If your already or you want to collect, provide, or perform…
• PII (personally identifiable info): email, names, age, etc
• Samples
• Coupons
• Loyalty
• CRM
thinking of your site as just a ‘brand website’!
Attention “Brands”
If your goals include…
• Awareness, consideration, preference, purchase, repurchase/retention, etc.
* You are simply losing opportunities, visitors, & customers to your competition
Marko Hurst
Lead Generation: Trial Example
Step 2
Step 3Step 1
Step 4 (G1)
* If you think of this as a “brand” site, you might not care how many samples you gave away, names collected, or potential customers converted. But as a Lead Gen site, it’s you lifeblood.
Marko Hurst
Lead Generation KPIs
1. Overall conversion
2. Conversion by campaigns
3. Drivers to registration process
4. Step-by-step conversion analysis via the registration process
5. Analysis of registration process dropouts
6. Conversion of leads to actual customers
* Measure, Monitor, & Optimize!
Marko Hurst
Lead Generation: Trial - Scenario Analysis Example
* Reporting vs Analysis. Test Scenario Analysis against User Testing. Tie back to wireframes, personas, & segments.
Marko Hurst
Why Test?
Lead Generation: Trial - Multivariate Testing
* Sorry to inform all of you traditional & “gut feeling” types, but YOU CANNOT OUTPERFORM optimization techniques. (BTW no one can)
Marko Hurst
Lead Generation: Trial - Monetization Model
* The proof is in the pudding! You can download this file from my website
Marko Hurst
Thank You!
Book: RosenfeldMedia.com/books/SearchAnalytics
Blog: MarkoHurst.com
Contact: [email protected]
Twitter: MarkoHurst