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#3QSUMMIT Lowering CPAs with CRO 11:30-12:15 Aaron Bart, VP of Creative Services at 3Q Jeremy Epperson, Director of Optimization at 3Q Hudson Arnold, Strategy Consultant at Optimizely

Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

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Page 1: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

#3QSUMMIT

Lowering CPAs with CRO11:30-12:15

Aaron Bart, VP of Creative Services at 3Q

Jeremy Epperson, Director of

Optimization at 3Q

Hudson Arnold, Strategy Consultant

at Optimizely

Page 2: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

2A Harte Hanks Company

Lowering CPAs with CRO Conversion Rate Optimization

Aaron Bart, VP of Creative Services at 3Q Digital

Page 3: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

3A Harte Hanks Company

What would a 10% lift in conversion mean for your bottom line?

Page 4: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

4A Harte Hanks Company

StorytellingConnect, engage, and excite the audience

Page 5: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

5A Harte Hanks Company

+ +

To succeed in CRO, you must have the right expertise in:

Data-Driven Creative

Enabling Technology

Strategy & Process

Conversion Rate Optimization (CRO)

Page 6: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

6A Harte Hanks Company

Site Analytics

Visual Analytics

Surveys

Search Data

Customer Insights

Start with Customer Data

Creative

SEM SocialDisplay

Organic

Native

Mobile

Page 7: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

7A Harte Hanks Company

Consistency Across Digital Ecosystem

• Consistent messaging and UX design is key to a unified brand voice

Every digital experience is an extension of your brand

Creative

SEM Social

Display

Organic

Native

Mobile

Page 8: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

8A Harte Hanks Company

Good design is obvious.

Great design is transparent.

Page 9: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

9A Harte Hanks Company

Language is important. Communicate with intention.

ARTICULATE CLEAR VALUE PROPOSITION.ADDRESS CUSTOMER PAIN-POINTS.

AVOID PRODUCT JARGON.

Messaging

Page 10: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

10A Harte Hanks Company

USE CLEAR LANGUAGE THAT DOESN’T MISLEAD. EMPHASIZE TRUST MARKS AND PRIVACY STATEMENTS.

Be honest about the user journeyBUILD TRUST

Page 11: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

11A Harte Hanks Company

11 / ©2014 COVARIO, INC. ALL RIGHTS RESERVED

Conscious CreativeTimes change: stay relevant.

Page 12: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

12A Harte Hanks Company

MAKE IT EASY TO CONVERT

• Connect immediately (short attention spans)

• Reduce clutter (hierarchy of elements)

• Thumb-focused interactions (mobile)

Intuitive UX DesignKeep it simple

Page 13: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

#3QSUMMIT

Conversion StrategyJeremy Epperson

Director of CRO at 3Q Digital

Page 14: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

CRO Growth Principles

1. Focus on Business Alignment

2. Customer-Centric Approach

3. Data-Driven Methodology

4. Speed of Implementation

5. Measurable Results

6. Continual Iteration & Improvement

Page 15: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Business Alignment

All Conversion Optimization should be aligned with your business objectives:

• Maximize ROI

• Reduce time to growth

• Prioritize based on KPI impact

• Build momentum around your testing program

• Create culture of optimization

Strategic Business

Objectives

KPI Mapping

Testing Alignment

Measurable Results

Page 16: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Business Impact of CRO

Create projections to understand the potential impact on your business:

• Gain an understanding of what resources you can utilize for optimization

• Improve efficiency of media and reduce CPAs

• Increase onsite conversion rates and grow revenue

Page 17: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Conversion ROI Framework

Research: use a data-driven research approach to finding the issues that are blocking conversions

Optimize: test onsite experiences to get statistically significant lifts in conversion

Iterate: continue to improve UX and drive growth by using insights to create future testing roadmaps

Research

OptimizeIterate

Page 18: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Data-Driven Customer Research

1st-party business, behavioral, and usage data

1st-Party data analysis, 3rd-Party data enrichment, customer research, and ongoing testing complete the view of the customer.

3rd-party demographic, psychographic, and consumer data

TESTING

MEDIA TARGETING CREATIVE MESSAGING USER EXPERIENCE

What customers do What they want & whyWho they are

Quantitative and qualitative customer research

Page 19: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Hypothesis-Based Iterative TestingThe hidden value of CRO

• Validate or disprove assumptions with precision

• Increase testing velocity and reduce wasted resources

• Leverage results and insights from post test analysis to create future iterations

Test 1: LP Redesign

Test 2: Design and Copy Changes

Test 3: Remove Distractions

Page 20: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

#3QSUMMIT

Optimizely Technology

Hudson ArnoldStrategy Consultant - Optimizely Partnerships

Page 21: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

The Optimizely Platform (today)

Our Mission is to enable you to deliver the best experiences for every customer across desktop and mobile.

Page 22: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Deliver optimized experiences with ease through testing and personalization

Target audiences with predictive analytics and segmentation

Understand the impact of your optimization strategy with our stats engine

Connect essential data from visitor behavior, 1st-party and 3rd-party sources

Optimizely Enables Companies To:

Page 23: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

From Tactics to Transformation

Form Optimization

Symmetric Messaging

Behavioral Personalization

Continuous Optimization

Page 24: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

24

Symmetric MessagingConsistent experiences, at the scale of your media strategy

Generic Landing

Page

CPC A

CPC B

Display

Social

CPC A

CPC B

Display

Social

Optimize your landing page with effective layout and content that delivers consistent experiences and improves CPA.

Symmetrical Landing Page

Page 25: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

25

Symmetric MessagingExample: Secret Escapes

Page 26: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

26

Symmetric MessagingExample: Secret Escapes 26%

Increase in Sign Ups

Original Variation with Spa Imagery for Spa Searchers

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27

Symmetric MessagingExample: Secret Escapes

Variation with Spa Imagery for Spa Searchers

Variation with Spa Imagery for Spa Searchers, Title and Subtitle for Spa Searchers

26%

Increase in Sign Ups

32%

Increase in Sign Ups

Page 28: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

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Form OptimizationOptimization 101

Landing Page; content shifts

based on intent from

ad.

Page 29: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite
Page 30: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite
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Behavioral PersonalizationA Cutting Edge of Competitive Practice

Adjust Site Experience in real time based on the signals your visitor is sending your through their behavior.

Page 32: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

Behavioral retargeting produces 4x ROI

Personalized campaign

Used behavioral targeting to show buy-one-get-one tire promotion to customers who had viewed tires.

Results

• 21% increase in overall site sales• Sold out of tire stock 2 months before expected• 4x return on investment in Optimizely and solutions

partner services

Page 33: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

33

Continuous OptimizationBusiness Transformation for Digital Leaders

For the world’s digital leaders, optimization is:

• a KPI; velocity and impact rate widely measured

• Integrated; into multiple teams and technologies

• Effective; returns are consistent and informative

Page 34: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite
Page 35: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

60% Increase in Pageviews

per Visit

15% Improvement in Leads per Visit

Page 36: Lowering CPAs with CRO - 3Q Digital · Conversion ROI Framework Research: use a data-driven research approach to finding the issues that are blocking conversions Optimize: test onsite

5% Lift in Leads