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#emflconf@emfluence
Claire Bishop, Children International
cbishop@children.org
How to Use Your Sixth Grade Science
Education to Succeed in Business
@eClaireBishop
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
What We’ll Cover Today
• How it Works
• What’s at Stake
• What is Your Role?
#emflconf@emfluence
How does it work?
#emflconf@emfluence
“A start-up is a human institution
designed to deliver new product or
services under conditions of
extreme uncertainty”
Eric Reis, The Lean Start-Up
#emflconf@emfluence
Children International
• 81 year-old organization
• One “product”—child
sponsorship
• New programs framework-
–from aid to holistic
development
• Increasingly competitive
charitable giving space
#emflconf@emfluence
The goal is to
decrease cycle time
between these
efforts to generate
validated learning
that enables us to
scale (or refocus) our
efforts!
#emflconf@emfluence
#emflconf@emfluence
Hypothesis 1: Improved Retention
• Multiple tests running concurrently since July 2016
• Manual credit card “recycling,” over $500K recouped!
• Testing email to those with credit card decline
• Increased save attempts with those calling in to cancel
#emflconf@emfluence
Hypothesis 1: Improved Retention
#emflconf@emfluence
Hypothesis 1: Price Increase
#emflconf@emfluence
Hypothesis 4: New
Products
• Added opportunity to make
gift monthly first—without
devising a product scheme to
support.
• “MVP” or Minimum Viable
Product approach
• Test prototypes to get
feedback before back-end
heavy lifting
#emflconf@emfluence
What is at stake?
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
FY18 Opt-Out Price Increase Experiment
K. Merrill
Develop communications to inform price elasticity for an
opt-out price increase test. This will help us roll out a
price increase to a larger portion of the file.
An opt-out price increase may be an effective
tactic to boost our sponsorship revenue in both the
short and long-term.
Test will be structured as an opt-out to be excluded if
they do not agree to the price increase.
Increased sponsorship revenue as well as
discontinue and participation rates; optimal price
increases.
If we increase our sponsorship revenue by $210,000
per month via this price increase test campaign.
8/03/2017
#emflconf@emfluence
What is your role?
#emflconf@emfluence
“Progress is impossible without
change; and those who cannot
change their minds cannot change
anything.”
George Bernard Shaw
#emflconf@emfluence
Failure is not an option.
#emflconf@emfluence
Failure is an option.
#emflconf@emfluence
Failure is an option.
(and a likely one!)
#emflconf@emfluence
#emflconf@emfluence
#emflconf@emfluence
Innovation Accounting
• Empirically measures the
true progress of innovation
• Steer clear of “vanity
metrics”
• There is no one size fits all
#emflconf@emfluence
To Those We Left Behind
#emflconf@emfluence
thank you

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How to use your sixth grade science education to succeed in business