never make a costly business decision again, split test instead

37
Never make a costly business decision again, split test instead Duncan Heath

Upload: fresh-egg-uk

Post on 13-Jul-2015

243 views

Category:

Data & Analytics


0 download

TRANSCRIPT

Page 1: Never Make a costly business decision again, split test instead

Never make a costly business decision again, split test instead

Duncan Heath

Page 2: Never Make a costly business decision again, split test instead

Audience interest level vs. time firstgraph shown.

Page 3: Never Make a costly business decision again, split test instead

This is the year of mobile

Other rubbish statements.

Growth hacking is the future of marketing

Your website needs video to compete

Page 4: Never Make a costly business decision again, split test instead
Page 5: Never Make a costly business decision again, split test instead

If the statement is:

“This is the year of mobile”

The reality is:

“For certain businesses, in certain markets, for certain segments of their audience, in certain locations and at certain times, it could be argued that this is the year of mobile.”

Page 6: Never Make a costly business decision again, split test instead

$750K

Well-intentioned opinions.

$400Billion

http://money.cnn.com/2014/02/07/investing/google-exxon-market-value/

Page 7: Never Make a costly business decision again, split test instead

MOBILE

Page 8: Never Make a costly business decision again, split test instead

Desktop: 85% Mobile/Tablet: 15%

Mobile – real data – October 2014.

Page 9: Never Make a costly business decision again, split test instead

Desktop traffic revenue-per-visitor: £5.16

Mobile/tablet traffic revenue-per-visitor: £3.65

Mobile – basic uplift calculation.

Mobile/tablet monthly unique

visitors

Current mobile/tablet

revenue

Revenue applyingdesktop

conversion performance

Monthly revenuedifference

153,233 £559,300 £790,682 £231,382

Page 10: Never Make a costly business decision again, split test instead

Menu

Mobile – split test mobile-friendly…

Sign-in

Page 11: Never Make a costly business decision again, split test instead

Mobile – split test mobile-friendly…

Contact forms Checkout

Page 12: Never Make a costly business decision again, split test instead

Mobile – case study.

https://www.paypalobjects.com/webstatic/mktg/docs/Mobile_Express_Checkout.pdf

PayPal express checkout

Up to 34%conversion lift

Page 13: Never Make a costly business decision again, split test instead

Mobile-friendly vs. non mobile friendly.

Critical point –£50K/month difference

+growth rate above 10%/quarter

(2011) (2017)

Page 14: Never Make a costly business decision again, split test instead

VIDEO

Page 15: Never Make a costly business decision again, split test instead

Supercheapstorage.com.au – without video.

Page 16: Never Make a costly business decision again, split test instead

Supercheapstorage.com.au – with video.

Page 17: Never Make a costly business decision again, split test instead

Supercheapstorage.com.au – split test.

Without video With video

Winner: 16% increase in leadshttps://www.webprofits.com.au/blog/case-study-

adding-video-on-a-landing-page/

Page 18: Never Make a costly business decision again, split test instead

Devicemagic.com – without video.

Page 19: Never Make a costly business decision again, split test instead

Devicemagic.com – with video.

Page 20: Never Make a costly business decision again, split test instead

Devicemagic.com – split test.

Without video With video

Loser: 31% less sign-ups

https://vwo.com/blog/video-or-image-slider-ab-test/

Page 21: Never Make a costly business decision again, split test instead

Chromeindustries.com – without video.

Page 22: Never Make a costly business decision again, split test instead

Chromeindustries.com – with video.

Page 23: Never Make a costly business decision again, split test instead

Chromeindustries.com – split test.

Winner: 0.2% increase in sales

Without video With video

http://blog.optimizely.com/2013/08/27/product-imagery-tests/

Page 24: Never Make a costly business decision again, split test instead

PRICE

Page 25: Never Make a costly business decision again, split test instead
Page 26: Never Make a costly business decision again, split test instead

Price – testing increase

Page 27: Never Make a costly business decision again, split test instead

Price – testing increase

Page 28: Never Make a costly business decision again, split test instead

Price – testing increase- results

Original

•Traffic: 100,000

•Conversion rate: 3.5%

•Average order value: £26.50

•Total revenue: £92,750

•Traffic: 100,000

•Conversion rate: 3.0%

•Average order value: £32.65

•Total revenue: £97,950

Higher price with last minute discount

Page 29: Never Make a costly business decision again, split test instead

Price – testing reduction.

Original (no price reduction)

Page 30: Never Make a costly business decision again, split test instead

Price – testing reduction.

Variation (offering price reduction code)

Page 31: Never Make a costly business decision again, split test instead

Price – testing reduction – results.

Original

•Traffic: 100,000

•Conversion rate: 3.5%

•Average order value: £26.50

•Total revenue: £92,750

•Traffic: 100,000

•Conversion rate: 5.0%

•Average order value: £23.85

•Total revenue: £119,250

10% price reduction

Page 32: Never Make a costly business decision again, split test instead

LIMITLESS (almost)

TESTING POSSIBILIES

Page 33: Never Make a costly business decision again, split test instead

Limitless testing possibilities

Split test apps

Split test emails

Split test social buttons

Split test live chat

Page 34: Never Make a costly business decision again, split test instead

Arriving from Facebook Arriving from Twitter

http://www.forbes.com/sites/jeffbercovici/2014/07/17/nailed-it-buzzfeed-cracks-the-pinterest-code/

Split testing social buttons

Page 35: Never Make a costly business decision again, split test instead

• Optimizely.com

• Unbounce.com

• VWO.com

Split testing tools

• Usabilityhub.com

• Usertesting.com

• Whatusersdo.com

User testing tools

• Keynote.com/solutions/testing/mobile-testing

• Developers.google.com/speed/pagespeed/insights

Mobile testing tools

Testing resources.

Page 36: Never Make a costly business decision again, split test instead

“One accurate measurement is worth a thousand expert

opinions”

US Navy Admiral, Grace Hopper

Page 37: Never Make a costly business decision again, split test instead

Email: [email protected]

Phone: 0845 373 1077

Twitter: @conversionperv