the strategic formula for email conversion success
TRANSCRIPT
The Strategic Formula for Email Conversion Success Jon Powell Sr. Manager, Executive Research & Development @jonpowell31
h"p://www.emarketer.com/Ar1cle/Email-‐CTRs-‐Nothing-‐New-‐S1ll-‐Problem/1012490/9
“Email CTRs dropped from 6.0% in 2013 to 4.3% in 2014—the lowest average since at least 2009.”
Marke&ngSherpa conducted a na&onal survey among 2,057 adults (aged 18 and over) on a@tudes
towards Email Marke&ng.
4
91% of adults polled like receiving promo.onal emails. 72% of adults polled prefer for companies to communicate with them via email over postal mail,
television ads, print media, text messages, social media, in-‐person, phone call, online ads/videos or mobile apps.
Marke&ngSherpa conducted a na&onal survey between Jan 21st and 23rd, 2015 among 2,057 adults (aged 18 and over) on a@tudes towards Email Marke&ng.
What really separates the strategies that work from those that don’t?
How can I know if what I’m trying in email will help me get more clicks and not less?
Science-‐based Op2miza2on Ins2tute Conducts both primary and secondary media and messaging research and strategy from actual behavioral tests with real customer data. 20 years of ac2ve research, including over: • 20,000 sale path experiments • 1 billion tested emails • 500,000 execu2ve interviews • 2,200 brand-‐side case studies
Science-‐based Op2miza2on Ins2tute Conducts both primary and secondary media and messaging research and strategy from actual behavioral tests with real customer data. 20 years of ac2ve research, including over: • 20,000 sale path experiments • 1 billion tested emails • 500,000 execu2ve interviews • 2,200 brand-‐side case studies
People make the same type of judgments in the digital
experience as they do in the physical experience.
Science-‐based Op2miza2on Ins2tute Conducts both primary and secondary media and messaging research and strategy from actual behavioral tests with real customer data. 20 years of ac2ve research, including over: • 20,000 sale path experiments • 1 billion tested emails • 500,000 execu2ve interviews • 2,200 brand-‐side case studies
It’s not about the change in the email; it’s about the change in
the mind.
So what can we target in the mind of the customer to trigger a change of behavior (i.e an
increase in clicks)?
The Strategic Formula for Email Success
eme = rv(of + i) – (f + a) © eme = email messaging effec8veness index rv = Relevance to the consumer of = Immediate offer force i = Incen1ve to take ac1on f = Fric1on elements in the email a = Anxiety elements in the email
eme = rv(of + i) – (f + a) ©
Today’s Focus
Today we are going to focus on the 4 elements that don’t cost you anything to adjust.
eme = rv(of + i) – (f + a) ©
Relevance
Defini2on – The immediate compa2bility of the email message to the recipient’s mo2va2ons.
Relevance
• Customers aren’t trying to open and click your emails, they are trying to eliminate them.
• To prevent elimina2on, the most effec2ve strategy a marketer can take is to ensure an immediate personal connec2on with the customer.
• This personal connec2on can be established by referencing one of these two levels:
– A customer’s internal biases
– A customer’s external events
Key Observa8ons
eme = rv(of+i) – (f+a)
9% In Open-‐Rate
26% In Click Rate
Reference an upcoming holiday…
eme = rv(of+i) – (f+a)
Original Subject Line: Book now to save up to 30% on hotel stays this December in NOLA
Treatment Subject Line: Holiday Shopping, Reveillon Dinners, Cathedral Concerts and More NOLA Tradi1ons
To This
410% In Click-‐rate
13% In Daily Total Rev.
Or even the size of their dog…
eme = rv(of+i) – (f+a)
eme = rv(of + i) – (f + a) ©
Offer
Defini2on – The value you promise in exchange for an ac2on (i.e. a click)
Offer
• You may think that the offer is the product that you want to sell.
• In reality, however, the offer is the addi2onal informa2on a customer receives in exchange for a “click.”
• What is the most effec2ve way to get a click?
– Is it to give them an en2re product pitch? Or just part?
– Is it to by telling them more than enough? Or just enough?
Key Observa8ons
eme = rv(of+i) – (f+a)
Version A Version B
Without preheaders With preheaders Vs.
So why did having a pre-‐header work in one instance but NOT work in another instance?
Learn how a farm justifies premium…
Version A Version B
Without preheaders With preheaders Vs.
! Significant drop in offer force How appealing is learning about a farm, anyway?
Case Studies
Barack Obama Stand with me today
The New York Times Get Unlimited Access to NewYorkTimes.com with Home Delivery
[B2B Software Company] The CFO’s Guide to Assessing Financial Viability
Subject Lines
From This
eme = rv(of+i) – (f+a)
The CFO’s Guide to
Case Studies
Barack Obama Stand with me today
The New York Times
[B2B Software Company]
Subject Lines
To This
Get Unlimited Access to NewYorkTimes with Home Delivery .com Free the Online
Hey
13% In Opens
10% In Opens
34% In clicks
16% In Dona8on Revenue
eme = rv(of+i) – (f+a)
Assessing Financial Viability Avoiding the 7 Deadly Stiflers
Case Studies Calls-‐to-‐ac2on
From This
eme = rv(of+i) – (f+a)
SHOP NOW
To This
VIEW DETAILS 13% In Click-‐rate
SHOP NOW LEARN MORE 37% In Click-‐rate
*Bu"on color and style anonymized (neither was changed in the test, just text)
eme = rv(of + i) – (f + a) ©
Fric2on
Defini2on – Psychological resistance to a given element anywhere in the email process.
Fric2on
• We oaen generate unnecessary problems in our emails by the amount of content we have and/or the way we display it. To the customer, this is perceived as: – Unnecessary Difficulty
– Unnecessary Length
• In most cases, the objec2ve is to minimize, not eliminate fric2on. If you eliminate all fric2on, you eliminate “the click.”
Key Observa8ons
eme = rv(of+i) – (f+a)
eme = rv(of+i) – (f+a)
Case Studies To This
7.5% In Click-‐rate
10.4% In Click-‐rate
3.6% In Click-‐rate
8.8% In Click-‐rate
33.7% Cumula2ve Increase in Click-‐rate
PRODUCT B
IMAGE
[PRODUCT B NAME] [Product Category Referenced Above]
eme = rv(of+i) – (f+a)
Three word headline.
We’re the 2015 TripAdvisor Travelers’ Choice for [Specific Product Category]
PRODUCT A IMAGE
[PRODUCT A NAME] [Product Category Referenced Above]
Our [PRODUCT A NAME] is reengineered for life on the go. We improved the [travel feature], and then added beher [feature], another [feature] plus a [final feature].
• [Use feature A for] the road, rail, air and engine noise to add some peace to your journey
• [Use feature B] for the [ac2vity] you love • [Use feature C] to achieve [specific ac2vity] • [Use feature D] to achieve [another ac2vity] you love
VIEW DETAILS
• [Use feature A for] the road, rail, air and engine noise to add some peace to your journey
• [Use feature B] for the [ac2vity] you love • [Use feature C] to achieve [specific ac2vity] • [Use feature D] to achieve [another ac2vity] you love
VIEW DETAILS
From This
Case Studies
PRODUCT B
IMAGE
[PRODUCT B NAME] [Product Category Referenced Above]
eme = rv(of+i) – (f+a)
12% In Click-‐rate
Three word headline.
We’re the 2015 TripAdvisor Travelers’ Choice for [Specific Product Category]
PRODUCT A IMAGE
[PRODUCT A NAME] [Product Category Referenced Above]
Our [PRODUCT A NAME] is reengineered for life on the go. We improved the [travel feature], and then added beher [feature], another [feature] plus a [final feature].
• [Use feature A for] the road, rail, air and engine noise to add some peace to your journey
• [Use feature B] for the [ac2vity] you love • [Use feature C] to achieve [specific ac2vity] • [Use feature D] to achieve [another ac2vity] you love
VIEW DETAILS
• [Use feature A for] the road, rail, air and engine noise to add some peace to your journey
• [Use feature B] for the [ac2vity] you love • [Use feature C] to achieve [specific ac2vity] • [Use feature D] to achieve [another ac2vity] you love
VIEW DETAILS
To This
Case Studies
Vs. Non-Mobile Mobile
For the non-‐mobile version, the difficulty experienced by the customer (pinch-‐to-‐zoom + scroll) is
unnecessary.
Non-mobile
Vs. Mobile
54% In Clicks
So why did having a mobile design work in one instance but
NOT in another?
Non-mobile
Vs. Mobile
54% In Clicks ! Mobile design increases importance of content
The mobile design increased read rate, thus pu@ng more weight on content (for worse in this case)
eme = rv(of + i) – (f + a) ©
Anxiety
Defini2on – Psychological concern s2mulated by a given (or unaddressed) element in the email process.
Anxiety
• Anxiety is just as lethal to conversion as fric2on.
• Try and mi2gate anxiety ra2onally and you are likely to fail…
– Though created from legi2mate concern, its impact in the mind is oaen dispropor2onate to the reality of risk.
• In email, anxiety is most oaen experienced as a form of intense “knee-‐jerk” skep2cism and cau2on.
Key Observa8ons
eme = rv(of+i) – (f+a)
Text-heavy Image-heavy Vs.
When compared to the text-‐heavy email, the image-‐heavy email feels like an irrelevant ad.
Case Studies To This
60% In Click-‐Rate
159% In Comple8on Rate
From This Anxiety
eme = rv(of+i) – (f+a)
Vs.
! Increase in relevance for exis2ng customers This email was sent at the beginning of fall to a list of customers with an established rela&onship.
Case Studies
252% In Conversion
152% In Revenue/Visitor
Anxiety
eme = rv(of+i) – (f+a)
Approach A Approach B
Final Case Study
Background: A web tool that lets you quickly create and customize Bible studies.
Goal: To increase click-‐through rate
Research Ques2on: Which email will produce the highest click-‐through rate?
Approach: A/B split test
!
Brand: SmallGroup.com Loca2on: Marke2ngExperiments Research Library Protocol ID: Pending
But here’s the problem: In the busy day-to-day of church life, the time you have to work on Bible studies is often stretched thin by other ministry needs. That’s why our team created smallgroup.com: a convenient web tool that lets you quickly create and customize Bible studies.
We would love for you to try smallgroup.com free for two weeks. During your preview, you can build up to eight customized studies to try out in your groups.
Try it free for two weeks!
You’re serious about discipleship. That makes two of us.
Start My Free Preview
But here’s the problem: In the busy day-to-day of church life, the time you have to work on Bible studies is often stretched thin by other ministry needs. That’s why our team created smallgroup.com: a convenient web tool that lets you quickly create and customize Bible studies.
We would love for you to try smallgroup.com free for two weeks. During your preview, you can build up to eight customized studies to try out in your groups.
Try it free for two weeks!
You’re serious about discipleship. That makes two of us.
Start My Free Preview
We would love for you to try smallgroup.com free for two weeks. During your preview, you can build up to eight customized studies to try out in your groups.
Try it free for two weeks!
Start My Free Preview
Add your logo/colors and share instantaneously.
You’re serious about discipleship. That makes two of us.
But here’s the problem: In the busy day-to-day of church life, the time you have to work on Bible studies is often stretched thin by other ministry needs. That’s why our team created smallgroup.com: a convenient web tool that lets you quickly create and customize Bible studies.
In the busy day-to-day of church and small group life, the time you have to work on Bible studies is often stretched thin. That’s why our team created smallgroup.com: a web tool that lets you quickly create and customize Bible studies that fit your style and approach.
See how it works
Final Case Study
Email Design Total Click Rate Bu"on Click Rate
Original 0.8% 0.2%
Treatment 1.1% 1.0%
% Rela1ve Change: 42% 358%
Increase in Buhon Clicks
358%
The email design improved using elements of the strategic formula produced a staMsMcally significant increase in bucon clicks and total clicks.
Summary
• Customers aren’t trying to open and click your emails, they are trying to eliminate them.
• To prevent your emails from being prematurely dismissed by customers, you must significantly increase perceived value and significantly decrease perceived cost.
• You can achieve this when you use the email effec2veness index as a strategic guide to op2mizing and crea2ng your email campaigns.
Key Observa8ons