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Maximising your audiences sales potential

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Page 1: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Maximising your audiences sales

potential

Page 2: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Overview

Page 3: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Three areas for today

Content

Conversion

Personalisation

Page 4: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Content

Getting people interested in your subject matter interested in you

Page 5: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Content to drive traffic

Goal:

Drive as much qualified traffic to our website and

convert them into sales

Page 6: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Output/Content

Page 8: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Coordinated execution – using

existing channels

Page 9: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The End Results

YouTube figures

- 200,000+ views

- 43.7% views come via embedded videos

- Over 150,000 views in 2 weeks

Page 10: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The Results

-1500% first week traffic spike

-400% traffic lift over 5 months following

-3 to 1 Out sold previous releases

-2x Conversion rate on pages with videos vs not

Page 11: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Conversion optimisation

Ensuring barriers to conversion are minimised

Page 12: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Case Study: Availability message

Conversion Potential

Being unsure of how quickly a product will arrive is a

barrier to conversion.

Hypothesis

“In Stock” display will have impact on conversion

Rate.

Page 13: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Test case

Variation #1

Control

Original (Control)

Test Page Variation

Page 14: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The Result

Hypothesis proved correct

• 12.76% conversion increase

Page 15: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Case Study: Offer Free Shipping

Pain Points

Shipping costs are a high barrier to conversion

Hypothesis

Display the Free shipping threshold Amount

prominently on all the pages (home, category &

description pages) will improve conversion rate.

Page 16: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Free Shipping on Header

Variation #1

Control

Original (Control)

Test Page Variation Free Shipping in Header

Page 17: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The Result

Hypothesis proved correct

• 21.28% conversion increase

Page 18: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Case Study: Communicate Trust

Conversion Potential

Security is a concern for online purchasers.

Hypothesis

Prominently display of Certificates and Payment

options will have impact conversion rate.

Page 19: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The Test Case

Variation #1

Control

Test Page with Certificates and Payment

options

Original (Control)

Page 20: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

The Result

Hypothesis proved correct

• 51.76% increase in conversion

Page 21: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Dynamic Merchandising &

Personalisation

Helping visitors find the right product for them

Page 22: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Personalisation – is the automated method of

serving each person individually with relevant

content using algorithms and real time decision

making – using your native Magento store.

Page 23: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Or ... these three people should

be merchandised too differently!

Page 24: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Companies who are

personalising web

experiences are

seeing an average

19% uplift in sales

Page 25: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Where have you visited in the site

before?

Page 26: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Where are you visiting from?

Page 27: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Size, colour, etc

Page 28: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Merchandising based on referral

source

Page 29: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Merchandising based on referral

source

Page 30: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Based on what you know of the

customer journey

Page 31: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Summary

The three key take outs

Page 32: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Key three things to remember

Focus content on your subject expertise

Test, test and test again

Use what you know about your customer everywhere

Page 33: Maximising your audiences sales potentialinfo2.magento.com/rs/magentoenterprise/images/MagentoLive... · 2020-02-27 · Maximising your audiences sales potential . Overview . Three

Questions?

Thank you