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Optimizing Shopping Carts for the Holidays
6 Last-Minute Changes You can Make to Your Shopping Carts To
Increase Conversion




                        #webclinic
Today’s team




         Austin McCraw                     Jon Powell
         Senior Editorial Analyst          Senior Manager
         MECLABS                           Research and Strategy
                                           MECLABS




                              #webclinic
Marketing Automation for the Fortune 5 Million
                      Marketing Automation for the Fortune 5 Million




    World-Class E-mail            Complete Set of Tools                Approach & Terms
    Marketing Core &                on One Platform                        that Work
      Deliverability          •    Drip/Nurturing, Web             •   Start Simple, Automate at
                                   Analytics, Landing Pages,           Your Own Pace
•   Third-Generation Email         Forms, Scoring, CRM
    Marketing Platform             Integration, Social Media,      •   Affordable Pricing; Month-
                                   Reporting and More                  to-Month Contracts
•   No extra charge for
    deliverability
                              •    Focus Usability, Simplicity &   •   Live Customer Support – At
                                   Manageability                       No Additional Costs


                             www.act-on.com
Join the conversation on Twitter




            #webclinic

                     #webclinic
Test your Marketing Intuition
Shopping Carts




                                5

                 #webclinic
Test Your Marketing Intuition

       Version A                   Version B




                      #webclinic
Test Your Marketing Intuition
        Version A                  Version B




                      #webclinic
Test Your Marketing Intuition
                                                   Summary Page
     Version A (no Cart Summary)




  Version B (inserted Cart Summary)




                                      #webclinic
Test Your Marketing Intuition
        Version A                  Version B




                      #webclinic
An Experiment




                #webclinic
Experiment: Background


         Experiment ID: TP1305
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

Research Notes:
   Background: A website that sells retail and wholesale collector items

   Goal: To increase conversion rate

   Primary research question: Which version of second step in the conversion
   funnel will produce the highest conversion rate?

   Approach: A/B variable cluster split test that focused on reducing anxiety
   through credibility indicators, copy, and re-organization of existing page
   elements


                                       #webclinic
Experiment: Background

 Fallout Report: New Customers                •   When we analyzed the metrics, we
                                                  realized there were leaks throughout
                                                  the checkout process, the credit card
                                                  submission page stood out as low
                                                  cost opportunity for immediate
                                                  return.

                                              •   When we analyzed the metrics even
                                                  further, we saw that this step also
                                                  had the highest lost revenue per cart
                                                  (more than double any other step).

                                              •   From this, we hypothesized that
                                                  optimizing this step would have the
                                                  highest potential return on our
                                                  efforts.




                                 #webclinic
Experiment: Control

        Control                    Treatment




                      #webclinic
Experiment: Results

           5% Increase in total conversion
          The new credit card page increased conversion by 4.51%



         Design                                               Conversion Rate
        Control                                                    82.33%
        Treatment                                                  86.04%
        Relative Difference                                        4.51%


   What youthis specific step in theWhile it mighttoseem resulted in a projected
    choosing
             need to understand:
                                      sales funnel test
                                                          like a small increase,

      $500,000+ increase in revenue per year. This underscores the potential
      impact of a properly identified research question.



                                      #webclinic
Strategy for the Holiday Season

F    Key Principles

  1. Effective tests are not simply designed to achieve a valid result, but a
     valuable result. The goal of a test is to get a learning, but some “learnings”
     are more strategic than others.

  2. Marketers must be able to identify where in the funnel is the greatest
     opportunity for optimization.




                                     #webclinic
Strategy for the Holiday Season

             Category     Product            Cart          Cart        Cart          Cart
 PPC Ad
               Page        Page            (Step 1)      (Step 2)    (Step 3)      (Step 4)
    10%         6%          30%            20%           40%         10%           5%



  $20,000    $10,000      $300,000       $150,000      $350,000      $50,000      $10,000
  (5% ROI)     (0% ROI)    (200% ROI)      (50% ROI)    (150% ROI)    (20% ROI)    (0% ROI)




                                   Summary Profit Analysis
                                    & Sensitivity Analysis




                                        #webclinic
Strategy for the Holiday Season

F    Key Principles

  1. Effective tests are not simply designed to achieve a valid result, but a
     valuable result. The goal of a test is to get a learning, but some “learnings”
     are more strategic than others.

  2. Marketers must be able to identify where in the funnel is the greatest
     opportunity for optimization.

  3. For ecommerce companies approaching a holiday season, often the most
     opportune place for the increase is in the shopping cart for two reasons:
       1. Increased Motivation Levels
       2. Convergent Funnel Paths




                                     #webclinic
Conversion Impact Analysis

  Channel
    #1                                 • For many ecommerce
  Channel                                sites, the shopping cart is
    #2      Product                      standardized across the
            Page #1
                                         entire website.
  Channel
    #3
                                       • The cart is often the most
  Channel   Product         Shopping
    #4      Page #2           Cart       visited page(s) on a
  Channel
                                         website, and a conversion
    #5                                   gain here impacts the
            Product                      revenue of the entire
  Channel   Page #3                      website.
    #6

  Channel
    #7




                      #webclinic
Today’s Focus



  Today, we will discuss 6 small tweaks you can make
     to your shopping carts to improve conversion




                       #webclinic
TWEAK #1:
REMOVING UNNECESSARY STEPS




                  #webclinic
Experiment: Background

          Experiment ID: TP1620
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

 Research Notes:
    Background: The research partner is a fitness company that primarily sells
    fitness training content and gym equipment.

    Goal: To increase sales.

    Research Question: Which checkout process will result in a higher conversion
    rate?

    Test Design: A/B Multifactor Split



                                    #webclinic
Experiment: Control Process
                   Cart Summary



                                  Form
Product Page




                    #webclinic
Experiment: Treatment Process


                                        Form
Product Page


                 Removed Summary Step




                     #webclinic
Test Your Marketing Intuition
                                                 Summary Page
  Control (inserted Cart Summary)




   Treatment (no Cart Summary)




                                    #webclinic
Experiment: Results

         29% Increase in Total Cart Conversions
         The Treatment path generated a 28.6% increase in cart completions


                                     Conversion         Relative
      Design                                                                 Stat.
                                        Rate           Difference
     Control                            27.7%

     Treatment                          35.6%            28.6%                  95%



   Whatinyou need to understand: Bytreatment pathcart summary review
    step the checkout process, the
                                      removing the
                                                   was able to generate
      28.6% more cart completions.




                                     #webclinic
Not this, but this
                     Not this
   LP        1              2        3




  4          5              6        CONFIRM
                                                               69%
                                                         Increase in Conversion




                                                   But this

 Note: Optimized removed        LP             1         2                CONFIRM

  two order confirmations
    and a cart account
        registration


                                #webclinic
Not this, but this
   Not this
                Landing Page                 Account Login                Reg. Form 1             Reg. Form 2
  LOGO                         LOGO                                LOGO                    LOGO




          But this
                Landing Page                  Reg. Form
                                      LOGO

                                                                             Note: Optimized removed
         LOGO




                                                                             one cart account registration


                                                          364%
                                                    Increase in Conversion




                                                             #webclinic
TWEAK #2:
ELIMINATE COMPETING OPTIONS




                  #webclinic
Experiment: Background


         Experiment ID: TP1294
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

Research Notes:

   Background: B2C company offering package vacations. In this test we focused
   on improving the checkout process.

   Goal: To increase cart completions

   Primary research question: Which cart page will generate the highest
   completion rate?

   Approach: A/B split test (variable cluster)



                                      #webclinic
Experiment: Control
          Control Cart
                                      • The original cart
                                        was simple, but it
                                        included three
                                        equally weighted
                                        options from which
                                        the visitor had to
                                        select.

                                      • This made the
                                        checkout process
                                        more cumbersome
                                        than was necessary




                         #webclinic
Experiment: Treatment
          Treatment Cart

                                        • The marketers
                                          deemphasized and
                                          integrated the
                                          additional options
                                          into the product
                                          details.

                                        • And they visually
                                          focused the visitor
                                          on one main call
                                          too action here.




                           #webclinic
Experiment: Results

          37% Increase in Total Cart Conversions
          The Treatment path generated 36.5% more cart completions



                                     Conversion        Relative
        Design                                                       Stat.
                                        Rate          Difference
       Control                         12.94%               -

       Treatment                       17.66%            36.5%          95%


   What you from, to understand:shopping cart generated 36.5% the options
    to choose
              need
                   the treatment
                                  By simplifying and sequencing
                                                                more cart
      completions.




                                     #webclinic
Not this, but this

       Not this                               But this
LOGO                               LOGO




                           78%
                     Increase in Conversion




                           #webclinic
Not this, but this
        Not This                              But This




                           64%
                     Increase in Conversion




                        #webclinic
TWEAK #3:
DEMONSTRATE A CLEAR SEQUENCE




                 #webclinic
Experiment: Background

         Experiment ID: TP1621
         Record Location: MECLABS Research Library
         Research Partner: [Protected]

Research Notes:
   Background: The research partner is a one-stop vacation planning solution
   that allows users to book vacation rentals, car rentals, and activities.

   Goal: To increase final vacation bookings

   Research Question: Which page will yield the highest conversion rate from
   billing Information to confirmation?

   Test Design: A/B multifactor split




                                        #webclinic
Experiment: Control
          Control Cart
                                      • The original cart was
                                        broken into two
                                        (unclear) steps

                                      • The horizontal flow
                                        as well as the blue
                                        shading made it
                                        difficult for visitors
                                        to get a sense for the
                                        sequence of the cart.




                         #webclinic
Experiment: Treatment
        Treatment Cart


                                      • A simple “step indicator” was
                                        added to clearly indicated
                                        which step of the process you
                                        were located.

                                      • The treatment also took the
                                        two steps, and sequenced
                                        them vertically.




                         #webclinic
Experiment: Side by side
       Control Cart                Treatment Cart




                      #webclinic
Experiment: Results

         36% Increase in Total Cart Conversions
          The Treatment cart generated 36.1% more conversions than the control



                                         Conversion          Relative
        Design                                                                   Stat.
                                            Rate            Difference
       Control                               27.4%
       Treatment                            37.2%              36.1%                95%



   What you need to understand: Byof anxiety,the sequence incare generated
    process and addressing key issues
                                      clarifying
                                                 the treatment
                                                               the checkout

      36.1% more total conversions than the control.




                                      #webclinic
Three Critical Questions

   Visitor Experience Timeline



                         What can I do here?

                                                                     Why should I do it?
  Where am I?



      Moment of
      Orientation                              Conversation                                        Action



         First Seconds                     Subsequent minutes (or days) depending on sales cycle




                                                 #webclinic
Example #1


                          Step indicator




             #webclinic
Example #2


                          Step indicator




             #webclinic
Example #3



                          Step indicator




             #webclinic
Example #4



                          Step indicator




             #webclinic
Further Changes to Orientate a Customer
                                 Other changes include:
                                 • Linear Flow

                                 • Labeled Information Clusters

                                 • Instant Price Summaries

                                 • Easy Customer Service

                                 • Specific Call-To-Action




                    #webclinic
TWEAK #4:
EXPRESS VALUE IN EVERY STEP




                   #webclinic
Experiment: Background


         Experiment ID: TP1362
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

Research Notes:
   Background: An “of the month” club that offers an ongoing subscription to
   products like wine and cheese.

   Goal: To increase shopping cart completions

   Primary research question: Which shopping cart will generate the most total
   subscriptions.

   Approach: A/B/C Split test




                                   #webclinic
Experiment: Control
            Control Cart


                                        • This is the first stage
                                          in the shopping cart
                                          process once
                                          someone has
                                          decided they would
                                          like to join the Wine
                                          of the Month Club




                           #webclinic
Experiment: Treatment #1
          Treatment Cart #1
                                           • In all the treatments,
                                             we broke the steps
                                             into a more
                                             justifiable structure
                                             (more on this later)

                                           • But we also tested
                                             integrating points of
                                             value into the
                                             treatments.




                              #webclinic
Experiment: Treatment #2
          Treatment Cart #2


                                           • For treatment 2,
                                             we tested
                                             emphasizing the
                                             value even further
                                             with specific wine
                                             descriptions for the
                                             current month.




                              #webclinic
Experiment: Treatment #3
         Treatment Cart #3



                                          • For treatment 3,
                                            we expanded the
                                            value even further
                                            including a
                                            personalized letter
                                            from the vice
                                            president of
                                            product selection




                             #webclinic
Experiment: Results

           17% Increase in Total Cart Conversions
           Treatment 3 increased the rate of conversion by 18.2%


  Design                                 Conversion Rate           Relative Difference
 Control                                      15.6%                         -
 Treatment 1                                  16.5%                        6%
 Treatment 2                                  17.2%                       10%
 Treatment 3                                 18.2%                       17%

   What youthe amount of expressed valueaincorresponding relationship
    between
             need to understand: There is
                                             each treatment and conversion
      rates. As more value is communicated, conversion rate increases.



                                       #webclinic
Experiment: Subsequent pages
    Shopping Cart Step #2                     Shopping Cart Step #3




                                         Value was even integrated into
                                         the main form page and thank-
                                         you page.



                            #webclinic
Not this, but this
    Not this

 {Keyword: [Vertical] Software}
 Award-Winning [Vertical] Software.
 Fully Integrated. Free Trial
 www.[Company].com/[Describe Product]




But this                                Treatment: Step 1            Treatment: Step 2




XXXXXXXXX Software Suite
#1 On-Demand. 6459+ World Clients
Award-Winning Solution. Free Trial



                                                                                             204%
www.XXXXXXXXXX.com/XXXXXXXX




                                                                                         In overall conversion
               21%                           54%                         97%


                                                        #webclinic
TWEAK #5:
JUSTIFY EVERY ACTION




                   #webclinic
Experiment: Background


         Experiment ID: TP1434
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

Research Notes:
   Background: An ecommerce site selling text books to professors in academic
   institutions.

   Goal: To increase text book purchases

   Primary Research Question: Which Treatment will generate the highest
   conversion rate for new and existing users?

   Approach: A/B/C Split Test




                                   #webclinic
Experiment: Control
                 Control Cart – Step #1




                        #webclinic
Experiment: Control
                 Control Cart – Step #2




                        #webclinic
Experiment: Control
     Control Cart – Step #3                Control Cart – Step #4




                              #webclinic
Experiment: Treatment
         Treatment – Step #1
                                            Notice the copy:

                                            • “…complete
                                              registration so that
                                              we can verify your
                                              instructor status…”

                                            • “Once you have
                                              completed
                                              registration, you will
                                              be able to quickly
                                              request exam
                                              copies…”




                               #webclinic
Experiment: Treatment
          Treatment – Step #2

                                        Notice the copy:

                                        • “Locate the
                                          school where you
                                          teach…find your
                                          department…”

                                        • “Once verified,
                                          we will
                                          automatically
                                          ship your exam
                                          copy to this
                                          address…”




                           #webclinic
Experiment: Treatment
           Treatment – Step #3
                                        Notice the copy:

                                        • “This
                                          information
                                          helps our
                                          publishing
                                          program.”

                                        • “Confirm Your
                                          Order”




                           #webclinic
Experiment: Treatment
          Treatment – Step #4

                                        Notice the copy:

                                        • “…to make sure
                                          all of the
                                          information
                                          that has been
                                          entered is
                                          correct...”

                                        • “Send My
                                          Samples...”




                           #webclinic
Experiment: Results

            19% Increase in Total Cart Conversions
            The treatment cart flow increased generated an 18.6% increase in conversion



                                         Conversion         Relative
   Design
                                            Rate           Difference
  Control                                   33.74%              -
  Treatment 1                              40.02%            18.6%                 95%



   What you need to understand: By take, the treatment cart process each
    action the customer is required to
                                       sequencing the cart and justifying

      increased the rate of conversion by 18.6%.




                                        #webclinic
Not this, but this
               Not this                       But this




    Notice how every field now
    has clear reasons for why
    you should fill continue
    each step.




                                 #webclinic
TWEAK #6:
INTENSIFY ANXIETY REDUCTION




                   #webclinic
Experiment: Background


         Experiment ID: TP1305
          Record Location: MECLABS Research Library
          Research Partner: [Protected]

Research Notes:
   Background: A website that sells retail and wholesale collector items

   Goal: To increase conversion rate

   Primary research question: Which version of the second step in the
   conversion funnel will produce the highest conversion rate?

   Approach: A/B variable cluster split test that focused on reducing anxiety
   through credibility indicators, copy, and re-organization of existing page
   elements


                                       #webclinic
Experiment: Control

 Control
                                   What might be causing the fallout?

                                    •   It is unclear why the credit card
                                        is required when payment
                                        method is different.

                                    •   The complexity of the Purchase
                                        Agreement Terms’ causes
                                        confusion and concern.

                                    •   There is no indication that my
                                        credit card information is
                                        secure.




                      #webclinic
Experiment: Treatment
Treatment
                                How we addressed the issues:

                                 •   Third-party security indicators
                                     have been added.

                                 •   Clearer explanation of why a
                                     credit card is required and that
                                     it will not be charged.

                                 •   “Satisfaction Guaranteed”
                                     promise is emphasized.




                   #webclinic
Experiment: Results

           5% Increase in total conversion
          The new credit card page increased conversion by 4.51%



         Design                                               Conversion Rate
        Control                                                    82.33%
        Treatment                                                  86.04%
        Relative Difference                                        4.51%


   What youthis specific step in theWhile it mighttoseem resulted in a projected
    choosing
             need to understand:
                                      sales funnel test
                                                          like a small increase,

      $500,000+ increase in revenue per year. This underscores the potential
      impact of a properly identified research question.



                                      #webclinic
Examples of Anxiety Reducers
  Specific Sources                Specific Corrections
    1. Quality                     1. Satisfaction Guarantee
    2. Reliability                 2. Testimonials
    3. Security                    3. Third-Party Seals
    4. Price                       4. Low-Price Guarantee




                     #webclinic
Examples of Anxiety Reducers
 Ease of use



 Product quality



Customer satisfaction




 Cost justification




                        #webclinic
Summary

 Six Tweaks to Improve Shopping Cart Conversion:

    TWEAK #1: Remove Unnecessary Steps

    TWEAK #2: Eliminate Competing Options

    TWEAK #3: Demonstrate a Clear Sequence

    TWEAK #4: Add Value in Every Step

    TWEAK #5: Justify Every Action

    TWEAK #6: Intensify Anxiety Reduction




                              #webclinic
Upcoming Web Clinic                                Registration Page




 The 4 Most Startling Marketing
 Discoveries from 2012
 Including the 3 words that changed
 everything for a top financial product

 Register Here:
 MarketingExperiments.com/BestOf2012




                                      #webclinic
Live Optimization




                    #webclinic
VALUE PROPOSITION DEVELOPMENT COURSE NOW LIVE…

  Learn how to:

     Create your own unique
     Value Proposition

     Optimize its impact and
     effectiveness on your audience

     Infuse it into all of your
     marketing collateral

  Watch the short promo video at:

  MECLABS.com/ValueProp


                                    #webclinic
SHARE YOUR ANALYTICS INSIGHTS IN 20 MINUTES OR LESS!
We’re looking for your insights on:            All participants will receive:
    –   Social media
    –   Pay-per-click (PPC) ads
    –   Video
    –   Email
    –   SEO
    –   Content
    –   Display ad marketing




 MECLABS.com/survey

                                  #webclinic
Live Optimization
                                                Electric Fireplaces
 Unchangeable information:
 None
 Steps to current page:
 1. PPC ads to Store front
 2. Products page
 3. Individual product page
 4. Shopping cart page
 5. Checkout page

 Target audience:
 People (probably older)
 looking for cost-effective ways
 to heat their houses and
 possibly reduce heating bills.

 Page URL: http://bit.ly/TC0pnU


                                   #webclinic
Live Optimization
                                               Sozo Nutritionals

 Unchangeable information:
 None

 Steps to current page:
 1. Store front
 2. Product page
 3. Cart Page


 Target audience: Weight Loss
 consumers, women 18-50

 Page URL: http://bit.ly/SZuDlP




                                  #webclinic
Live Optimization

 Unchangeable information:
                                               My Deco
 None

 Steps to current page:
 1. Store front
 2. Products page
 3. Product page
 4. Checkout Page
 Target audience:
 Females ages 35 to 45
 in the UK

 Page URL: http://bit.ly/RCOGFx



                                  #webclinic
Live Optimization


  Unchangeable information:                     John’s Shoes
  Cart is flexible

  Steps to current page:
  1. Store front
  2. Product pages
  3. Cart Page

  Target audience:
  Working women

  Page URL: http://bit.ly/TYcOEM




                                   #webclinic
Live Optimization
                                               Dog Collar Boutique
 Unchangeable information:
 None

 Steps to current page:
 1. Store front
 2. Products Page
 3. Cart Page
 4. Checkout Page


 Target audience:
 Women pet owners ages 25-
 65.


 Page URL: http://bit.ly/RCRtP3



                                  #webclinic
Live Optimization
                                                Shoco Oil Inc.
 Unchangeable information:
 Much of it is hard coded, but
 categories, navigation and data
 is flexible
 Steps to current page:
 1. Store front
 2. Catalog page
 3. Product Page
 4. Cart page
 Target audience:
 Lubrication users

 Page URL: http://bit.ly/SKfCBV




                                   #webclinic
Live Optimization
                                               reading glasses shopper
 Unchangeable information:
 The product price and
 description information

 Steps to cart page:
 1. Store front
 2. Product Page
 3. Cart Page

 Target audience:
 Customers buying reading
 glasses

 Page URL: http://bit.ly/UoQlg0




                                  #webclinic
Live Optimization
                                               Fresh Finds
 Unchangeable information:
 Parts of the header and footer

 Steps to current page:
 1. Ads to store front
 2. Product Page
 3. Checkout
 4. Add to cart pop-up
 5. Cart Page

 Target audience:
 Women, 35-55, general
 interest in home w specific
 interest in cooking
 Page URL: http://bit.ly/SKnuTO



                                  #webclinic
Marketing Automation for the Fortune 5 Million
                      Marketing Automation for the Fortune 5 Million




    World-Class E-mail            Complete Set of Tools                Approach & Terms
    Marketing Core &                on One Platform                        that Work
      Deliverability          •    Drip/Nurturing, Web             •   Start Simple, Automate at
                                   Analytics, Landing Pages,           Your Own Pace
•   Third-Generation Email         Forms, Scoring, CRM
    Marketing Platform             Integration, Social Media,      •   Affordable Pricing; Month-
                                   Reporting and More                  to-Month Contracts
•   No extra charge for
    deliverability
                              •    Focus Usability, Simplicity &   •   Live Customer Support – At
                                   Manageability                       No Additional Costs


                             www.act-on.com
MarketingExperiments Optimization Newsletter
Free subscription to more than $20 million in marketing research
 Join 98,000 of the top marketers from around the world as we work together to discover what really works.




                    MarketingExperiments.com/subscribe


                                          #webclinic

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Optimizing Shopping Carts for the Holidays

  • 1. Optimizing Shopping Carts for the Holidays 6 Last-Minute Changes You can Make to Your Shopping Carts To Increase Conversion #webclinic
  • 2. Today’s team Austin McCraw Jon Powell Senior Editorial Analyst Senior Manager MECLABS Research and Strategy MECLABS #webclinic
  • 3. Marketing Automation for the Fortune 5 Million Marketing Automation for the Fortune 5 Million World-Class E-mail Complete Set of Tools Approach & Terms Marketing Core & on One Platform that Work Deliverability • Drip/Nurturing, Web • Start Simple, Automate at Analytics, Landing Pages, Your Own Pace • Third-Generation Email Forms, Scoring, CRM Marketing Platform Integration, Social Media, • Affordable Pricing; Month- Reporting and More to-Month Contracts • No extra charge for deliverability • Focus Usability, Simplicity & • Live Customer Support – At Manageability No Additional Costs www.act-on.com
  • 4. Join the conversation on Twitter #webclinic #webclinic
  • 5. Test your Marketing Intuition Shopping Carts 5 #webclinic
  • 6. Test Your Marketing Intuition Version A Version B #webclinic
  • 7. Test Your Marketing Intuition Version A Version B #webclinic
  • 8. Test Your Marketing Intuition Summary Page Version A (no Cart Summary) Version B (inserted Cart Summary) #webclinic
  • 9. Test Your Marketing Intuition Version A Version B #webclinic
  • 10. An Experiment #webclinic
  • 11. Experiment: Background  Experiment ID: TP1305 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: A website that sells retail and wholesale collector items Goal: To increase conversion rate Primary research question: Which version of second step in the conversion funnel will produce the highest conversion rate? Approach: A/B variable cluster split test that focused on reducing anxiety through credibility indicators, copy, and re-organization of existing page elements #webclinic
  • 12. Experiment: Background Fallout Report: New Customers • When we analyzed the metrics, we realized there were leaks throughout the checkout process, the credit card submission page stood out as low cost opportunity for immediate return. • When we analyzed the metrics even further, we saw that this step also had the highest lost revenue per cart (more than double any other step). • From this, we hypothesized that optimizing this step would have the highest potential return on our efforts. #webclinic
  • 13. Experiment: Control Control Treatment #webclinic
  • 14. Experiment: Results 5% Increase in total conversion The new credit card page increased conversion by 4.51% Design Conversion Rate Control 82.33% Treatment 86.04% Relative Difference 4.51%  What youthis specific step in theWhile it mighttoseem resulted in a projected choosing need to understand: sales funnel test like a small increase, $500,000+ increase in revenue per year. This underscores the potential impact of a properly identified research question. #webclinic
  • 15. Strategy for the Holiday Season F Key Principles 1. Effective tests are not simply designed to achieve a valid result, but a valuable result. The goal of a test is to get a learning, but some “learnings” are more strategic than others. 2. Marketers must be able to identify where in the funnel is the greatest opportunity for optimization. #webclinic
  • 16. Strategy for the Holiday Season Category Product Cart Cart Cart Cart PPC Ad Page Page (Step 1) (Step 2) (Step 3) (Step 4) 10% 6% 30% 20% 40% 10% 5% $20,000 $10,000 $300,000 $150,000 $350,000 $50,000 $10,000 (5% ROI) (0% ROI) (200% ROI) (50% ROI) (150% ROI) (20% ROI) (0% ROI) Summary Profit Analysis & Sensitivity Analysis #webclinic
  • 17. Strategy for the Holiday Season F Key Principles 1. Effective tests are not simply designed to achieve a valid result, but a valuable result. The goal of a test is to get a learning, but some “learnings” are more strategic than others. 2. Marketers must be able to identify where in the funnel is the greatest opportunity for optimization. 3. For ecommerce companies approaching a holiday season, often the most opportune place for the increase is in the shopping cart for two reasons: 1. Increased Motivation Levels 2. Convergent Funnel Paths #webclinic
  • 18. Conversion Impact Analysis Channel #1 • For many ecommerce Channel sites, the shopping cart is #2 Product standardized across the Page #1 entire website. Channel #3 • The cart is often the most Channel Product Shopping #4 Page #2 Cart visited page(s) on a Channel website, and a conversion #5 gain here impacts the Product revenue of the entire Channel Page #3 website. #6 Channel #7 #webclinic
  • 19. Today’s Focus Today, we will discuss 6 small tweaks you can make to your shopping carts to improve conversion #webclinic
  • 20. TWEAK #1: REMOVING UNNECESSARY STEPS #webclinic
  • 21. Experiment: Background Experiment ID: TP1620 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: The research partner is a fitness company that primarily sells fitness training content and gym equipment. Goal: To increase sales. Research Question: Which checkout process will result in a higher conversion rate? Test Design: A/B Multifactor Split #webclinic
  • 22. Experiment: Control Process Cart Summary Form Product Page #webclinic
  • 23. Experiment: Treatment Process Form Product Page Removed Summary Step #webclinic
  • 24. Test Your Marketing Intuition Summary Page Control (inserted Cart Summary) Treatment (no Cart Summary) #webclinic
  • 25. Experiment: Results 29% Increase in Total Cart Conversions The Treatment path generated a 28.6% increase in cart completions Conversion Relative Design Stat. Rate Difference Control 27.7% Treatment 35.6% 28.6% 95%  Whatinyou need to understand: Bytreatment pathcart summary review step the checkout process, the removing the was able to generate 28.6% more cart completions. #webclinic
  • 26. Not this, but this Not this LP 1 2 3 4 5 6 CONFIRM 69% Increase in Conversion But this Note: Optimized removed LP 1 2 CONFIRM two order confirmations and a cart account registration #webclinic
  • 27. Not this, but this Not this Landing Page Account Login Reg. Form 1 Reg. Form 2 LOGO LOGO LOGO LOGO But this Landing Page Reg. Form LOGO Note: Optimized removed LOGO one cart account registration 364% Increase in Conversion #webclinic
  • 28. TWEAK #2: ELIMINATE COMPETING OPTIONS #webclinic
  • 29. Experiment: Background  Experiment ID: TP1294 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: B2C company offering package vacations. In this test we focused on improving the checkout process. Goal: To increase cart completions Primary research question: Which cart page will generate the highest completion rate? Approach: A/B split test (variable cluster) #webclinic
  • 30. Experiment: Control Control Cart • The original cart was simple, but it included three equally weighted options from which the visitor had to select. • This made the checkout process more cumbersome than was necessary #webclinic
  • 31. Experiment: Treatment Treatment Cart • The marketers deemphasized and integrated the additional options into the product details. • And they visually focused the visitor on one main call too action here. #webclinic
  • 32. Experiment: Results 37% Increase in Total Cart Conversions The Treatment path generated 36.5% more cart completions Conversion Relative Design Stat. Rate Difference Control 12.94% - Treatment 17.66% 36.5% 95%  What you from, to understand:shopping cart generated 36.5% the options to choose need the treatment By simplifying and sequencing more cart completions. #webclinic
  • 33. Not this, but this Not this But this LOGO LOGO 78% Increase in Conversion #webclinic
  • 34. Not this, but this Not This But This 64% Increase in Conversion #webclinic
  • 35. TWEAK #3: DEMONSTRATE A CLEAR SEQUENCE #webclinic
  • 36. Experiment: Background Experiment ID: TP1621 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: The research partner is a one-stop vacation planning solution that allows users to book vacation rentals, car rentals, and activities. Goal: To increase final vacation bookings Research Question: Which page will yield the highest conversion rate from billing Information to confirmation? Test Design: A/B multifactor split #webclinic
  • 37. Experiment: Control Control Cart • The original cart was broken into two (unclear) steps • The horizontal flow as well as the blue shading made it difficult for visitors to get a sense for the sequence of the cart. #webclinic
  • 38. Experiment: Treatment Treatment Cart • A simple “step indicator” was added to clearly indicated which step of the process you were located. • The treatment also took the two steps, and sequenced them vertically. #webclinic
  • 39. Experiment: Side by side Control Cart Treatment Cart #webclinic
  • 40. Experiment: Results 36% Increase in Total Cart Conversions The Treatment cart generated 36.1% more conversions than the control Conversion Relative Design Stat. Rate Difference Control 27.4% Treatment 37.2% 36.1% 95%  What you need to understand: Byof anxiety,the sequence incare generated process and addressing key issues clarifying the treatment the checkout 36.1% more total conversions than the control. #webclinic
  • 41. Three Critical Questions Visitor Experience Timeline What can I do here? Why should I do it? Where am I? Moment of Orientation Conversation Action First Seconds Subsequent minutes (or days) depending on sales cycle #webclinic
  • 42. Example #1 Step indicator #webclinic
  • 43. Example #2 Step indicator #webclinic
  • 44. Example #3 Step indicator #webclinic
  • 45. Example #4 Step indicator #webclinic
  • 46. Further Changes to Orientate a Customer Other changes include: • Linear Flow • Labeled Information Clusters • Instant Price Summaries • Easy Customer Service • Specific Call-To-Action #webclinic
  • 47. TWEAK #4: EXPRESS VALUE IN EVERY STEP #webclinic
  • 48. Experiment: Background  Experiment ID: TP1362 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: An “of the month” club that offers an ongoing subscription to products like wine and cheese. Goal: To increase shopping cart completions Primary research question: Which shopping cart will generate the most total subscriptions. Approach: A/B/C Split test #webclinic
  • 49. Experiment: Control Control Cart • This is the first stage in the shopping cart process once someone has decided they would like to join the Wine of the Month Club #webclinic
  • 50. Experiment: Treatment #1 Treatment Cart #1 • In all the treatments, we broke the steps into a more justifiable structure (more on this later) • But we also tested integrating points of value into the treatments. #webclinic
  • 51. Experiment: Treatment #2 Treatment Cart #2 • For treatment 2, we tested emphasizing the value even further with specific wine descriptions for the current month. #webclinic
  • 52. Experiment: Treatment #3 Treatment Cart #3 • For treatment 3, we expanded the value even further including a personalized letter from the vice president of product selection #webclinic
  • 53. Experiment: Results 17% Increase in Total Cart Conversions Treatment 3 increased the rate of conversion by 18.2% Design Conversion Rate Relative Difference Control 15.6% - Treatment 1 16.5% 6% Treatment 2 17.2% 10% Treatment 3 18.2% 17%  What youthe amount of expressed valueaincorresponding relationship between need to understand: There is each treatment and conversion rates. As more value is communicated, conversion rate increases. #webclinic
  • 54. Experiment: Subsequent pages Shopping Cart Step #2 Shopping Cart Step #3 Value was even integrated into the main form page and thank- you page. #webclinic
  • 55. Not this, but this Not this {Keyword: [Vertical] Software} Award-Winning [Vertical] Software. Fully Integrated. Free Trial www.[Company].com/[Describe Product] But this Treatment: Step 1 Treatment: Step 2 XXXXXXXXX Software Suite #1 On-Demand. 6459+ World Clients Award-Winning Solution. Free Trial 204% www.XXXXXXXXXX.com/XXXXXXXX In overall conversion 21% 54% 97% #webclinic
  • 56. TWEAK #5: JUSTIFY EVERY ACTION #webclinic
  • 57. Experiment: Background  Experiment ID: TP1434 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: An ecommerce site selling text books to professors in academic institutions. Goal: To increase text book purchases Primary Research Question: Which Treatment will generate the highest conversion rate for new and existing users? Approach: A/B/C Split Test #webclinic
  • 58. Experiment: Control Control Cart – Step #1 #webclinic
  • 59. Experiment: Control Control Cart – Step #2 #webclinic
  • 60. Experiment: Control Control Cart – Step #3 Control Cart – Step #4 #webclinic
  • 61. Experiment: Treatment Treatment – Step #1 Notice the copy: • “…complete registration so that we can verify your instructor status…” • “Once you have completed registration, you will be able to quickly request exam copies…” #webclinic
  • 62. Experiment: Treatment Treatment – Step #2 Notice the copy: • “Locate the school where you teach…find your department…” • “Once verified, we will automatically ship your exam copy to this address…” #webclinic
  • 63. Experiment: Treatment Treatment – Step #3 Notice the copy: • “This information helps our publishing program.” • “Confirm Your Order” #webclinic
  • 64. Experiment: Treatment Treatment – Step #4 Notice the copy: • “…to make sure all of the information that has been entered is correct...” • “Send My Samples...” #webclinic
  • 65. Experiment: Results 19% Increase in Total Cart Conversions The treatment cart flow increased generated an 18.6% increase in conversion Conversion Relative Design Rate Difference Control 33.74% - Treatment 1 40.02% 18.6% 95%  What you need to understand: By take, the treatment cart process each action the customer is required to sequencing the cart and justifying increased the rate of conversion by 18.6%. #webclinic
  • 66. Not this, but this Not this But this Notice how every field now has clear reasons for why you should fill continue each step. #webclinic
  • 67. TWEAK #6: INTENSIFY ANXIETY REDUCTION #webclinic
  • 68. Experiment: Background  Experiment ID: TP1305 Record Location: MECLABS Research Library Research Partner: [Protected] Research Notes: Background: A website that sells retail and wholesale collector items Goal: To increase conversion rate Primary research question: Which version of the second step in the conversion funnel will produce the highest conversion rate? Approach: A/B variable cluster split test that focused on reducing anxiety through credibility indicators, copy, and re-organization of existing page elements #webclinic
  • 69. Experiment: Control Control What might be causing the fallout? • It is unclear why the credit card is required when payment method is different. • The complexity of the Purchase Agreement Terms’ causes confusion and concern. • There is no indication that my credit card information is secure. #webclinic
  • 70. Experiment: Treatment Treatment How we addressed the issues: • Third-party security indicators have been added. • Clearer explanation of why a credit card is required and that it will not be charged. • “Satisfaction Guaranteed” promise is emphasized. #webclinic
  • 71. Experiment: Results 5% Increase in total conversion The new credit card page increased conversion by 4.51% Design Conversion Rate Control 82.33% Treatment 86.04% Relative Difference 4.51%  What youthis specific step in theWhile it mighttoseem resulted in a projected choosing need to understand: sales funnel test like a small increase, $500,000+ increase in revenue per year. This underscores the potential impact of a properly identified research question. #webclinic
  • 72. Examples of Anxiety Reducers Specific Sources Specific Corrections 1. Quality 1. Satisfaction Guarantee 2. Reliability 2. Testimonials 3. Security 3. Third-Party Seals 4. Price 4. Low-Price Guarantee #webclinic
  • 73. Examples of Anxiety Reducers Ease of use Product quality Customer satisfaction Cost justification #webclinic
  • 74. Summary Six Tweaks to Improve Shopping Cart Conversion: TWEAK #1: Remove Unnecessary Steps TWEAK #2: Eliminate Competing Options TWEAK #3: Demonstrate a Clear Sequence TWEAK #4: Add Value in Every Step TWEAK #5: Justify Every Action TWEAK #6: Intensify Anxiety Reduction #webclinic
  • 75. Upcoming Web Clinic Registration Page The 4 Most Startling Marketing Discoveries from 2012 Including the 3 words that changed everything for a top financial product Register Here: MarketingExperiments.com/BestOf2012 #webclinic
  • 76. Live Optimization #webclinic
  • 77. VALUE PROPOSITION DEVELOPMENT COURSE NOW LIVE… Learn how to: Create your own unique Value Proposition Optimize its impact and effectiveness on your audience Infuse it into all of your marketing collateral Watch the short promo video at: MECLABS.com/ValueProp #webclinic
  • 78. SHARE YOUR ANALYTICS INSIGHTS IN 20 MINUTES OR LESS! We’re looking for your insights on: All participants will receive: – Social media – Pay-per-click (PPC) ads – Video – Email – SEO – Content – Display ad marketing MECLABS.com/survey #webclinic
  • 79. Live Optimization Electric Fireplaces Unchangeable information: None Steps to current page: 1. PPC ads to Store front 2. Products page 3. Individual product page 4. Shopping cart page 5. Checkout page Target audience: People (probably older) looking for cost-effective ways to heat their houses and possibly reduce heating bills. Page URL: http://bit.ly/TC0pnU #webclinic
  • 80. Live Optimization Sozo Nutritionals Unchangeable information: None Steps to current page: 1. Store front 2. Product page 3. Cart Page Target audience: Weight Loss consumers, women 18-50 Page URL: http://bit.ly/SZuDlP #webclinic
  • 81. Live Optimization Unchangeable information: My Deco None Steps to current page: 1. Store front 2. Products page 3. Product page 4. Checkout Page Target audience: Females ages 35 to 45 in the UK Page URL: http://bit.ly/RCOGFx #webclinic
  • 82. Live Optimization Unchangeable information: John’s Shoes Cart is flexible Steps to current page: 1. Store front 2. Product pages 3. Cart Page Target audience: Working women Page URL: http://bit.ly/TYcOEM #webclinic
  • 83. Live Optimization Dog Collar Boutique Unchangeable information: None Steps to current page: 1. Store front 2. Products Page 3. Cart Page 4. Checkout Page Target audience: Women pet owners ages 25- 65. Page URL: http://bit.ly/RCRtP3 #webclinic
  • 84. Live Optimization Shoco Oil Inc. Unchangeable information: Much of it is hard coded, but categories, navigation and data is flexible Steps to current page: 1. Store front 2. Catalog page 3. Product Page 4. Cart page Target audience: Lubrication users Page URL: http://bit.ly/SKfCBV #webclinic
  • 85. Live Optimization reading glasses shopper Unchangeable information: The product price and description information Steps to cart page: 1. Store front 2. Product Page 3. Cart Page Target audience: Customers buying reading glasses Page URL: http://bit.ly/UoQlg0 #webclinic
  • 86. Live Optimization Fresh Finds Unchangeable information: Parts of the header and footer Steps to current page: 1. Ads to store front 2. Product Page 3. Checkout 4. Add to cart pop-up 5. Cart Page Target audience: Women, 35-55, general interest in home w specific interest in cooking Page URL: http://bit.ly/SKnuTO #webclinic
  • 87. Marketing Automation for the Fortune 5 Million Marketing Automation for the Fortune 5 Million World-Class E-mail Complete Set of Tools Approach & Terms Marketing Core & on One Platform that Work Deliverability • Drip/Nurturing, Web • Start Simple, Automate at Analytics, Landing Pages, Your Own Pace • Third-Generation Email Forms, Scoring, CRM Marketing Platform Integration, Social Media, • Affordable Pricing; Month- Reporting and More to-Month Contracts • No extra charge for deliverability • Focus Usability, Simplicity & • Live Customer Support – At Manageability No Additional Costs www.act-on.com
  • 88. MarketingExperiments Optimization Newsletter Free subscription to more than $20 million in marketing research Join 98,000 of the top marketers from around the world as we work together to discover what really works. MarketingExperiments.com/subscribe #webclinic