onlne sales and optimisationv1.1

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Sales and Site Optimisation Keith Feighery: Digital Strategist

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Online Sales Optimisation PPT given to Enterprise Platform Programme IT Tallaght

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Page 1: Onlne Sales And Optimisationv1.1

Sales and Site Optimisation

Keith Feighery: Digital Strategist

Page 2: Onlne Sales And Optimisationv1.1

Design, Info Architecture & Calls to Action

Case Studies

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Design with Clear Intent

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Clear Layout

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Obvious Benefits

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Appropriate Channel Design

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Decluttered Logical Flow

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Demonstrate clear Call to Action

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Clear and Intuitive Messages

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Intuitive Info Flows

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eCommerce Case Study

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Case Study: Wiltshire Farm Foods

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Key Take-Aways

• Remove Clutter – focus on key goals all the time – Remove any obstacles

• Provide lots of visual feedback – Users know that actions have been successful

• Adhere to affordance rules – make them obvious– Big Buttons, Clear Large Links

• Anticipate and Answer questions upfront – Embed as part of user experience

• Knit USPs in copy and images of site– Emphasise all your differentiators

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Website Optimisation

• Dynamically Testi key elements of site– Test Copy, Calls to Action, Images, Placement– The $300,000,000 Button

• Both Split (A/B) and Multi-Variate Test– Google Website Optimiser or Proprietary tools

• Define and set up conversion points– Need to track and measure user actions

• Clear calls to action significantly augment optimisation goals– Don’t force user to think – TELL THEM WHAT TO DO

Page 15: Onlne Sales And Optimisationv1.1

Test Process

• Never stop testing and tracking user actions on website• A/B Split Testing

– Define specific site goals (sale, sign-up etc..)– Test two specific pages (typically high volume landing pages)– Commercial tools (Vertster) or Google Optimiser – Monitor which test is performing better– Use Variable rate or throttle testing to vary the percentage of

traffic that gets routed to the various pages• Multi-Variate testing

– Enables variable testing of elements within single pages– Different copy text, form layouts and even landing page

images and background colours together– Track combinations that achieve predetermined goals

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Irish Web 2.0 Examples

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Irish Web2.0 Examples

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Look at Irish Enterprise Examples

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Irish Software Examples

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International Web2.0 Examples

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International Examples Web 2.0

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Sales Funnel Specifics

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Managing the Sales Funnel

• Methods of acquisition– PPC Ads, SEO, Video, Email, LeagGen, Affiliate Marketing, Offer

based, etc.

• Once there – what’s important?– Prove you can Add Value

• Qualify Leads with intent – You want users who are amenable to your message – Its ok for

users to self-select opt out

• Monetise towards latter end of the Funnel– After user sees value and expresses intent– Push low-cost options in the middle of funnel– High cost ones at the end of your funnel

Page 24: Onlne Sales And Optimisationv1.1

Customer Lifecycle

• Understand the customer lifecycle – The various stages of a customer over a timer period– Create indicators to track their intent– As they begin to move lag – make sure you target them

• Identify high repeat behaviour – Identify a common characteristic – and track this

• e.g. have visited more than 3 time and purchase

• Track rising and falling repeat rates– Have early warning systems in place

• Track repeat rate by media source – Search Engine, PPC, Banner Ad etc..

Page 25: Onlne Sales And Optimisationv1.1

Customer Lifetime Value

• Segment customers into acquisition channels• Identify the potential lifetime value per channel• Identify length of customer lifecycle per channel

– Low cost channels could have shortest lifecycle• Compare the relative potential value

– Consider: length of lifecycle, potential revenue per Customer

• Allocate money towards higher potential value customers

• By corollary - away from lower potential value customers

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Understanding “Recency”

• Tracking Recency – Time since a customer last engaged in a behaviour

• Recency is # 1 most powerful predictor of future behavior – Can predict likelihood of purchases, visits, game plays, or

“other action-oriented” behaviour• The more Recent a customer is, the higher their potential value is• Segment Repeat segment into past and present (30 days)

– Apply a recency filter for real-time view• Longer a customer has stopped engaging the less likely they are

to repeat• Take adjustive measures to increase in quality recency repeat

customers

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Dave McClure’s AARRR for Start Ups

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Start-Up Metrics

• Acquisition: – users come to site from various channels

• Activation: – users enjoy 1st visit: "happy” experience

• Retention: – users come back, visit site multiple times

• Referral: – users like product enough to refer others

• Revenue: – users conduct some monetization behavior

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Start-up Marketing Plan

Marketing Plan = Target Customer Acquisition Channels• 3 Important Factors = Volume (#), Cost ($), Conversion (%)• Measure conversion to target customer actions• Test audience segments, campaign themes, Call-To-Action (CTAs)

[Gradually] Match Channel Costs => Revenue Potential • Increase Vol. & Conversion, Decrease Cost, Optimize for Revenue Potential• Avg Txn Value (ATV), Ann Rev Per User (ARPU), Cust Lifetime Value (CLV)• Design channels that (eventually) cost <20-50% of target ATV, ARPU, CLV

Consider Costs, Scarce Resource Tradeoffs• Actual $ expenses• Marketing time & resources• Product/Engineering time & resources• Cashflow timing of expense vs. revenue, profit

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5 Steps Start-up Metrics Model

Website.com

Revenue $$$

Biz DevAds, Lead Gen,

Subscriptions, ECommerce

ACQUISITION

SEOSEM

Apps & Widgets

Affiliates

Email

PR Biz Dev

Campaigns, Contests

Direct, Tel, TV

Social Network

s Blogs

Domains

Retention

Emails & Alerts

System Events & Time-based Features

Blogs, RSS, News Feeds

Page 31: Onlne Sales And Optimisationv1.1

AcquisitionWhere are users coming from

Acquisition Methods• SEO / SEM• Blogs• Email• Social Media & Social

Networks• Domains

Top 10 - 100 Keywords• Your Brand / Products• Customer Needs / Benefits• Competitor’s Brand / Products• Semantic Equivalents• Misspellings

Key Metrics to Track• Quantity (#)• Cost ($)• Conversions (%)

ToolsGoogle Analytics (web analytics)

google.com/analytics

Google Keyword Tooladwords.google.com/select/KeywordToolExternal

SEO Book Toolstools.seobook.com

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Activation What do users do on first visit

Example Activation Goals• Click on something!• Account sign up / Emails• Referrals / Tell a friend• Widgets / Embeds• Low Bounce Rate

Key Metrics to Track• Pages per visit• Time on site• Conversions

ToolsCrazy Egg (Visual Click

Mapping)http://crazyegg.com

Google Website Optimizer (A/B & Multivariate Testing)http://google.com/websiteoptimizer

Marketo.com (B2B Lead Generation Management)http://marketo.com

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RetentionHow users come back

Retention Methods• Automated Emails

* Track open rate / CTR / Quantity

• RSS / News Feeds* Track % viewed / CTR / Quantity

• Widgets / Embeds• Track impressions / CTR / Quantity

Example Retention Goals• 1 - 3+ visits per month• Long customer life cycle / Low

decay• Identify fanatics

Key Metrics to Track• Source• Quantity• Conversions• Visitor Loyalty• Session Length

Cohort Analysis• Distrib of Visits over Time• Rate of Decay• Effective Customer Lifecycle

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ReferralsHow do users refer others

Referral Methods• Send to Friend: Email /

IM• Social Media• Widgets / Embeds• Affiliates

Viral Growth Factor = X * Y * Z

• X = % of users who invite other people

• Y = average # of people that they invited

• Z = % of users who accepted an invitation

A viral growth factor > 1 Equals an exponential

organic user acquisition.

Page 35: Onlne Sales And Optimisationv1.1

RevenueHow do you make money

Revenue Tips• Start Free => 2% “Freemium”• Subscription / Recurring transactions• Qualify your customers -> Lead generation (arbitrage)• Sell something! (physical or virtual)• Don’t Rely on AdSense (only)

Resources & ToolsRevenue Metrics (Andrew Chen)

http://tinyurl.com/47r63aHow to Create a Profitable “Freemium” Startup (Andrew Chen)

http://tinyurl.com/8z9ygk 2008 Affiliate Marketing Review (Scott Jangro)

http://tinyurl.com/86wak4

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Appendix

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Case Studies for Optimised Sites

• Dave McClure’s Presentation– www.slideshare.net/dmc500hats/startup-metrics-for-

pirates-startonomics-hawaii-nov-2009?src=embed• Andrew Chen’s Blog

– www.andrewchenblog.com• Website Optimisation Sites

– http://www.marketingexperiments.com/blog/– http://www.iamalandingpagedesigner.com/my-blog/– http://www.widerfunnel.com/