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Conversion Optimization: Optimize or Die

Apr 08, 2017

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Page 1: Conversion Optimization: Optimize or Die
Page 2: Conversion Optimization: Optimize or Die

Hello. I’m a Geek.

Shannon MacLeodOptimization [email protected]

Page 3: Conversion Optimization: Optimize or Die
Page 4: Conversion Optimization: Optimize or Die
Page 5: Conversion Optimization: Optimize or Die

Website Performance

Page 6: Conversion Optimization: Optimize or Die
Page 7: Conversion Optimization: Optimize or Die

Don’t Think. Know.

Page 8: Conversion Optimization: Optimize or Die

Case Study: Online Shoppers and Risk Reversal

Qualitative research told us that shoppers were most concerned with the price/value of the product.

Would reducing the shopper’s perceived risk on the cart page increase the conversion rate?

Page 9: Conversion Optimization: Optimize or Die

Cart Test | Risk Reversal in the Header

Control

Page 10: Conversion Optimization: Optimize or Die

Cart Test | Risk Reversal in the Header

Variation A | Customer Support and Guarantee

Page 11: Conversion Optimization: Optimize or Die

Cart Test | Risk Reversal in the Header

Variation B | Security Icon and Customer Support

Page 12: Conversion Optimization: Optimize or Die

Cart Test | Risk Reversal in the Header

Variation C | Security Icon and Guarantee

Page 13: Conversion Optimization: Optimize or Die

ResultsControl Variation A

Variation B Variation C+4.0%

-1.9% +5.5%

Page 14: Conversion Optimization: Optimize or Die

Forecasting Incremental Annual Revenue

 Conversion

Rate# Conversions if

All VisitsDelta in

ConversionsAdditional

Orders/DayAdditional

Orders/YearAdditional

Revenue/Year

Control 47.37% 3,912        

Variation C (Winner) 49.98% 4,127 215 10 3737 $161,363  

Total Visits During Test: 8,258

# Days in Test Period: 21AOV: $43.18

$161K in projected annual revenue

Page 15: Conversion Optimization: Optimize or Die

Turn “best practices” into “test practices”

Page 16: Conversion Optimization: Optimize or Die

Abbyy | Risk Reversal Test

+4.0%

Control

Page 17: Conversion Optimization: Optimize or Die

Abbyy | Risk Reversal Test

+4.0%

Variation A: Security Icon and Guarantee

Page 18: Conversion Optimization: Optimize or Die

Results

Control

Variation A

-2.2%

Page 19: Conversion Optimization: Optimize or Die

Forecasting Averted Lost Revenue

 Conversion

Rate# Conversions if

All VisitsDelta in

ConversionsAdditional

Orders/DayAdditional

Orders/YearAdditional

Revenue/Year

Control (Winner) 26.34% 2479        

Variation A 25.76% 2424 (55) (5.5) (2007) ($203,098)  

Total Visits During Test: 9410

# Days in Test Period: 10AOV: $101.17

$203K in averted losses by testing a best practice

Page 20: Conversion Optimization: Optimize or Die

Case Study: How do Shorter Forms Impact Conversion Rates?

Quantitative research told us that shoppers were leaving the form half-way down the page.

Would shortening form increase the conversion rate?

Page 21: Conversion Optimization: Optimize or Die

Form Test | Fewer Fields on Checkout Page

Control Challenger

+12.1%

Page 22: Conversion Optimization: Optimize or Die

Turn “best practices” into “test practices”

Page 23: Conversion Optimization: Optimize or Die

Form Test | Fewer Fields on Checkout Page

Control Challenger

-15%

Page 24: Conversion Optimization: Optimize or Die

What can we learn from this?(optimization is not easy)

Page 25: Conversion Optimization: Optimize or Die

Test everything.(best practices = test practices)

Page 26: Conversion Optimization: Optimize or Die

Forecast ROI based on test results.

(gains or averted losses)

Page 27: Conversion Optimization: Optimize or Die

Optimize to Grow(optimize or die)

Page 28: Conversion Optimization: Optimize or Die

Want to learn more about optimization?

CRO Resourcesavangate.com/optimize

Download a free chapter at www.YouShouldTestThat.com

Page 29: Conversion Optimization: Optimize or Die

Want to learn more about acquisition?

Page 30: Conversion Optimization: Optimize or Die

Questions?

Shannon [email protected]