me - how to achieve a 232% lift
TRANSCRIPT
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How to Achieve a 232% Lift The repeatable methodology that one company used to generate a significant result (applied live to your pages)
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We’re sharing on Twitter! #WebClinic
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Today’s speakers
Taylor Kennedy Senior Research Manager MECLABS
Lauren Pitchford Senior Research Manager MECLABS
Austin McCraw Director Content Production MECLABS
Jon Powell Senior Manager Research and Strategy MECLABS
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Experiment: Background
Background: A large, well-known financial consultancy. Goal: To increase the clickthrough rate to “make an appointment.” Research Question: Which page will generate the highest “make an appointment” clickthrough rate? Test Design: A/B multifactorial split test
Experiment ID: TP1464 Record Location: MECLABS Research Library Research Partner: (Protected)
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Experiment: Version A Version A
Version A features a strategy that is fundamentally based on the expertise of the financial consultants. “Our Pros Find Mistakes … ” “Meet [a tax professional] who has expertise … ” “100% Accurate Calculations Guaranteed.” “Absolute Expertise.” “We translate the tax code … into plain English … ”
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Experiment: Version B
Version B
Version B features a strategy that is fundamentally based on the convenient office locations as illustrated with the primary map image. “12,000 offices means we’re right in your neighborhood.” “Find an Office:” “… over 110,000 tax professionals … ”
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Experiment: Side-by-side
Version B
Version A
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Experiment: Results
Relative increase in clickthrough
232% The two-column design (not focused on the map) generated a 231.8% increase in clickthrough.
Page Design Clickthrough Rate
Version A (expertise strategy) 13.04%
Version B (location-focused) 3.93%
Version A’s % Relative Change: 231.8%
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What you need to understand
F Key Principles
Discovering the right value proposition is the most effective lever marketers can pull when optimizing pages.
Conversion Sequence
Wherein:
“C” = Probability of conversion
“m” = Motivation of user
“v” = Force of the value proposition
“i” = Incentive (additional) to take action
“f” = Friction elements present
“a” = Anxiety elements present
C = 4m + 3v + 2(i-f) - 2a ©
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An overview of Q1 research
232% Click Rate
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1/8: Responsive design tested
Unresponsive Responsive
Mecla.bs/responsivedesign
No Difference
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1/8: Responsive design tested
F Key Principles
Responsive design is only as effective as the degree of change it affects in the mind of the customer on two levels:
1. Friction: How much will responsive design decrease perceived effort?
2. Anxiety: How much will responsive design decrease perceived concern?
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1/22: How many columns should I use? 2-Column Layout 1-Column Layout
Mecla.bs/pagecolumns
681% Conversion Rate
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1/22: How many columns should I use?
F Key Principles
The number of columns ideal for a webpage all depends on where the customer is in the mental (not physical) conversion funnel. From there, we can apply two underlying principles:
1. The more we know about what the visitor wants, the more we should focus on that desire.
2. The less we know about what the visitor wants, the more we should enable the them to self-select.
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2/12: Email messaging tested
VS.
Control Treatment
Mecla.bs/emailmessaging
13% Conversion Rate
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2/12: Email marketing tested
F Key Principles
We must ensure that our calls-to-action are not asking for too much (cost), too soon (prior to the customer understanding the value). We must present the right “asks” at the right time.
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2/26: Radio buttons vs. dropdowns
Treatment 2
Treatment 1
Mecla.bs/radiovsdropdown
8.8% Conversion Rate
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2/26: Radio buttons vs. dropdowns
F Key Principles
In our attempts to minimize friction (length-oriented) through dropdowns, we can undermine the conversation with the customer in two ways:
1. Intensifying difficulty-oriented friction
2. Eliminating necessary value force
In the end, increasing conversion is less about the technique (dropdowns vs. radio buttons), and more about understanding the entire mental impact (value vs. cost).
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3/12: The most effective CTAs
Treatment A Treatment B Treatment C
Treatment D Treatment E
Mecla.bs/effectivectas
12% Click Rate
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3/12: The most effective CTAs
F Key Principles
The call-to-action cannot be viewed in a vacuum; it must be viewed in context of the entire conversation that is occurring in the customer’s mind. Further, there are five principles common to calls-to-action that produce a significant increase in response:
1. The principle of alignment
2. The principle of timing
3. The principle of absorption
4. The principle of negation
5. The principle of redundancy
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3/26: Lead nurturing tested Treatment A
Hello, ___, my name is Lisa and I am calling
with [Insurance Company]. We are currently
the fifth largest life insurance carrier in the
nation offering competitive rates and
solutions to help ease administration
burdens. When we last spoke, you told me
that you work with a broker for your price
quotes for the group life benefits. I would
like to get your broker contact information in
order to be in consideration when they next
do their evaluations for you.
Hello, ___, my name is Lisa and I am calling with
[Insurance Company]. When we last spoke, you
told me that you work with a broker for your price
quotes for the group life benefits. Since we do not
nationally advertise and may not have had the
opportunity to work with your consultant, we
would like to share our information with them. I
would like to get your broker contact information
in order to be in consideration when they next do
their evaluations for you.
Treatment B
Mecla.bs/leadnurturing
31% Call-back Rate
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3/26: Lead nurturing tested
F Key Principles
The goal of marketing is not simply to make a claim, but rather foster a conclusion through:
1. Anchoring the message to the context
2. Connecting the value proposition to the prospect
3. Aligning the argument to the “ask”
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Case Studies Announced
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Live optimization
Primary Audience
Primary Objective
Register for webinar
Managers and above
http://bit.ly/1gIxDLB
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Live optimization
Primary Audience
Primary Objective
Register for course
Tea enthusiasts
http://bit.ly/1qlZruF
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Live optimization
Primary Audience
Primary Objective
Find a meditation teacher
People with anxiety
http://bit.ly/1kHj8eR
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Live optimization
Primary Audience
Primary Objective
Product information
Customers seeking security
http://bit.ly/OyAnUW
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Live optimization
Primary Audience
Primary Objective
Free trial demo
HR professionals
http://bit.ly/1hY8am8
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Live optimization
Primary Audience
Primary Objective
Product search
People shopping for stock photos
http://bit.ly/1jrhgHH
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Live optimization
Primary Audience
Primary Objective
Be a resource
Consumer search
http://bit.ly/1hY8Xn2
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Live optimization
Primary Audience
Primary Objective
Lead generation
Mountain bikers
http://bit.ly/OyCiJl
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Live optimization
Primary Audience
Primary Objective
Event registration
Mid Ulster business owners
http://bit.ly/Q0bHpr
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Live optimization
Primary Audience
Primary Objective
Lead generation
Mobile customer care managers
http://bit.ly/1eoXSXv
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Next Clinic: Background
Background: An independent vitamin manufacturer and distributor. Goal: To increase the total revenue from the page. Research Question: Which page will generate the highest total revenue? Test Design: A/B multifactorial split test
Experiment ID: TP1903 Record Location: MECLABS Research Library Research Partner: (Protected)
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Next Clinic: Version A
Version A
Version A uses a typical radio button format for each of the offers.
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Next Clinic: Treatment
Version B
Version B utilizes a horizontal matrix strategy to present the offers.
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Next Clinic: Side-by-side
Version B
Version A
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Live April 23 at 4:00 p.m. EDT
• The results of the test • The transferable key principles behind the changes • The three steps to balancing your products • Quick suggestions for your own pages through live
optimization
Join the next live 35-minute Web clinic to discover:
Next Clinic: Marketing multiple products
To join live, register at the link below:
MarketingExperiments.com/MultipleProducts
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See how you can conduct research with us
MECLABS conducts rigorous experiments in the new science of optimization. We apply our discoveries to help leaders optimize the financial performance of their sales and marketing programs.
Learn more about how you may be a fit for a MECLABS Research Partnership: • Select Research Partnership
Opportunities on the post-webinar survey
• Contact us directly [email protected] 1-877-635-0565
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