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Driving Profit in the Downturn:
Using Data to Improve Website Performance
                and Drive Business Results


           Marisa Gallagher and Jamie Yaptinchay
Who We Are
    Marisa Gallagher
         • Vice President, User Experience
         • 8+ years with the company
         • Clients: Cisco, Disney, Ancestry, Genentech, McKesson, Sun Microsystems, Singapore
           Airlines, Napster, Farmers Insurance, NASA, Visa, ESPN, ABC
         • Studied Anthropology and Film at Notre Dame, Business at Haas
         • Worked at the early days of CNET and LookSmart
         • Areas of focus: uses of narrative and data, media & entertainment, travel, enterprise


    Jamie Yaptinchay
         •   Strategist, Site Optimization
         •   4 years with the company
         •   Clients: 50+
         •   Double degree in Informatics and Economics at University of Washington
         •   Early Atlas analyst and pioneer in use of the Atlas tag for site-side analysis
         •   Areas of focus: translating data to business goals, SO, combining qual + quant




Page 2© 2009 Razorfish. All rights reserved.
Why Data + Profits = Marketing Needs to Sharpen Its Focus




                                                88% of CMOs are seeing
                                               the downturn wreak havoc
                                               on their budgets and plans




Page 3© 2009 Razorfish. All rights reserved.
Let’s Get Down to Business
             Setting Perspective
The Top 10 Profit-Driving Uses of Data

         1.         See how you measure up
         2.         Don’t play hard to get
         3.         Know where you’re coming from and going to
         4.         Dig for (buried) treasure
         5.         Follow your treasure trove
         6.         Don’t play 20 questions
         7.         Don’t fumble in the end zone
         8.         Raiders of the last log
         9.         Explore the space-time continuum
         10. Track your buzz, hug your haters


Page 5© 2008 Razorfish. All rights reserved.
Start with a Hypothesis – Map Your Customer’s Flow
    Use the timeline below to map a typical (core or new type) customer’s relationship to your brand.
    1. Plot 3-5 key experiences your customers have on the way through the gates of the funnel.
    2. Mark down when and where those experiences happen and why they are so key to your funnel.
    3. Identify 2-3 questions you have about this flow – ideas you have a hunch about and want to investigate.


                                                                                                                      preference
        You rock!




                                                                                                         conversion



                                                                     consideration




            zero                         awareness
          emotion

        You suck!

      AREAS FOR INVESTIGATION:
      A.                                              B.                                              C.



Page 6 © 2008 Razorfish. All rights reserved.
Start with a Hypothesis – Map Your Customer’s Flow
                                                                                                                                     EXAMPLE




                                                                                                                       preference
        You rock!




                                                                                                conversion

                                                     consideration




            zero                         awareness
          emotion

        You suck!

      AREAS FOR INVESTIGATION:
      A. Increase word of mouth, add reviews?               B. Increase trial – online demos?   C. Increase retention - expand newsletter pilot
                                                                                                + reup options



Page 7 © 2008 Razorfish. All rights reserved.
Diving Into the Details
    Seeing the Ideas in Action
1. See How You Measure Up

      What:              Know your conversion rate and how it compares to others
      Why:               Knowing how you’re doing, and how much you could improve, is half the battle
      How:               Use traffic + sales data, web analytics, or SiteOps diagnostics



                      CONVERSION RATES BY VERTICAL*
                                               Average    Min    Max
      Financial                                15.4%     0.3%    87.1%         Do you have room to
      Pharma                                    5.9%     1.2%    16.6%         move? Are you closer
      Publisher - Content                      36.8%     25.0%   48.7%          to the floor or the
      Retail                                   11.4%     0.0%    68.3%
                                                                                     ceiling?
      Travel                                   10.1%     0.1%    25.5%
      Averaged                                 15.9%     5.3%    49.2%



                   *sample stats only
Page 9© 2008 Razorfish. All rights reserved.
2. Don’t Play Hard to Get

      What:              Investigate and fix your search ranking
      Why:               If your customers can’t find you, they can’t buy from you
      How:               Take on the quick hits yourself - then dig deeper with an SEO specialist




                                                                                      Search marketing
                                                                                     is too big to ignore
                                                                                     – your competitors
                                                                                      will be using it, if
                                                                                     they aren’t already




Page 10© 2008 Razorfish. All rights reserved.
3. Know Where Your Coming From & Going To

      What:              Review your referral sources and entry points
      Why:               Knowing your users’ traffic flow allows you to change it
      How:               Check your web analytics reports




                                                Is every page your “home page”?


Page 11© 2008 Razorfish. All rights reserved.
4. Dig for (Buried) Treasure

      What:              Identify your site’s critical pages and hidden gems
      Why:               Find out where you need to focus attention
      How:               Check web analytics for traffic, time on site, and patterns/anomalies




  Media & Entertainment                                          E-commerce

Page 12© 2008 Razorfish. All rights reserved.
5. Follow the Treasure Trove

      What:              Test and optimize critical pages and hidden gems
      Why:               Fixing the freeway will help users get to the destination
      How:               Run in-page diagnostics, a site survey, or usability test on the pages




                                                                                     Test to understand
                                                                                      users’ behavior




Page 13© 2008 Razorfish. All rights reserved.
6. Don’t Play 20 Questions

      What:              Remove unnecessary form fields and steps in your processes
      Why:               Nothing needs to stand in your customers’ way, particularly you
      How:               Run a usability test or in-page/form field diagnostic




                                                                                 Only dogs like to jump
                                                                                    through hoops




Page 14© 2008 Razorfish. All rights reserved.
7. Don’t Fumble In the End Zone

      What:              Clean up confirmation pages and cart handoffs
      Why:               If someone gives you their credit card, they usually want you to use it
      How:               Check web analytics, run A/B tests or in-page drop-off diagnostics




                                                                             The most critical drop-
                                                                             off point occurred after
                                                                                  users actually
                                                                              submitted application
                                                                                      forms.

                                                                              This represents a loss
                                                                                of over 3,600 card
                                                                                   applications


Page 15© 2008 Razorfish. All rights reserved.
8. Raiders of the Last Logs

      What:              Review your search logs
      Why:               Users use their own words to tell you what they’re looking for
      How:               Pull or customize the base report that comes with your search package




         Even Google and Zappos
            can offer Insights




Page 16© 2008 Razorfish. All rights reserved.
9. Explore The Space-Time Continuum

      What:              Investigate how seasonality and geography affect your users’ behavior
      Why:               Knowing when and where = relevance
      How:               Check public tools, web analytics, and custom reports




      “We’ve moved our publication
      schedule because the news
      environment has shifted and
      we’ve been listening to you.”
               – Time Magazine




Page 17© 2008 Razorfish. All rights reserved.
10. Track Your Buzz, Hug Your Haters

      What:              Listen to your customers
      Why:               Being the last to know your product sucks is bad for business
      How:               Explore the continuum of tools – from Google Alerts to Nielsen BuzzMetrics


                                                    Even disappointment can lead to a better
                                                     relationship – if it’s thought of as one.




Page 18© 2008 Razorfish. All rights reserved.
Thank You
               Marisa Gallagher
marisa.gallagher@razorfish.com
www.twitter.com/marisagallagher

              Jamie Yaptinchay
jamie.yaptinchay@razorfish.com
         www.twitter.com/jamiey
Appendix - Abandonment Rate

      What:              Know your abandonment rate and how it compares to others
      Why:               Knowing how you’re doing, and how much you could improve, is half the battle
      How:               Use traffic + sales data, web analytics, or SiteOps diagnostics



                    ABANDONMENT RATES BY VERTICAL
                                                Average    Min      Max
      Financial                                 41.14%    21.30%   70.91%      Do you have room to
      Pharma                                    48.81%    25.45%   72.56%      move? Are you closer
      Publisher - Content                       53.20%    29.22%   85.79%       to the floor or the
      Retail                                    26.85%    11.61%   83.87%
                                                                                     ceiling?
      Travel                                    47.46%    9.48%    94.68%




Page 20© 2008 Razorfish. All rights reserved.

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Driving Profits in the Downturn, Using Data to Improve Website Performance and Drive Business Results

  • 1. Driving Profit in the Downturn: Using Data to Improve Website Performance and Drive Business Results Marisa Gallagher and Jamie Yaptinchay
  • 2. Who We Are Marisa Gallagher • Vice President, User Experience • 8+ years with the company • Clients: Cisco, Disney, Ancestry, Genentech, McKesson, Sun Microsystems, Singapore Airlines, Napster, Farmers Insurance, NASA, Visa, ESPN, ABC • Studied Anthropology and Film at Notre Dame, Business at Haas • Worked at the early days of CNET and LookSmart • Areas of focus: uses of narrative and data, media & entertainment, travel, enterprise Jamie Yaptinchay • Strategist, Site Optimization • 4 years with the company • Clients: 50+ • Double degree in Informatics and Economics at University of Washington • Early Atlas analyst and pioneer in use of the Atlas tag for site-side analysis • Areas of focus: translating data to business goals, SO, combining qual + quant Page 2© 2009 Razorfish. All rights reserved.
  • 3. Why Data + Profits = Marketing Needs to Sharpen Its Focus 88% of CMOs are seeing the downturn wreak havoc on their budgets and plans Page 3© 2009 Razorfish. All rights reserved.
  • 4. Let’s Get Down to Business Setting Perspective
  • 5. The Top 10 Profit-Driving Uses of Data 1. See how you measure up 2. Don’t play hard to get 3. Know where you’re coming from and going to 4. Dig for (buried) treasure 5. Follow your treasure trove 6. Don’t play 20 questions 7. Don’t fumble in the end zone 8. Raiders of the last log 9. Explore the space-time continuum 10. Track your buzz, hug your haters Page 5© 2008 Razorfish. All rights reserved.
  • 6. Start with a Hypothesis – Map Your Customer’s Flow Use the timeline below to map a typical (core or new type) customer’s relationship to your brand. 1. Plot 3-5 key experiences your customers have on the way through the gates of the funnel. 2. Mark down when and where those experiences happen and why they are so key to your funnel. 3. Identify 2-3 questions you have about this flow – ideas you have a hunch about and want to investigate. preference You rock! conversion consideration zero awareness emotion You suck! AREAS FOR INVESTIGATION: A. B. C. Page 6 © 2008 Razorfish. All rights reserved.
  • 7. Start with a Hypothesis – Map Your Customer’s Flow EXAMPLE preference You rock! conversion consideration zero awareness emotion You suck! AREAS FOR INVESTIGATION: A. Increase word of mouth, add reviews? B. Increase trial – online demos? C. Increase retention - expand newsletter pilot + reup options Page 7 © 2008 Razorfish. All rights reserved.
  • 8. Diving Into the Details Seeing the Ideas in Action
  • 9. 1. See How You Measure Up What: Know your conversion rate and how it compares to others Why: Knowing how you’re doing, and how much you could improve, is half the battle How: Use traffic + sales data, web analytics, or SiteOps diagnostics CONVERSION RATES BY VERTICAL* Average Min Max Financial 15.4% 0.3% 87.1% Do you have room to Pharma 5.9% 1.2% 16.6% move? Are you closer Publisher - Content 36.8% 25.0% 48.7% to the floor or the Retail 11.4% 0.0% 68.3% ceiling? Travel 10.1% 0.1% 25.5% Averaged 15.9% 5.3% 49.2% *sample stats only Page 9© 2008 Razorfish. All rights reserved.
  • 10. 2. Don’t Play Hard to Get What: Investigate and fix your search ranking Why: If your customers can’t find you, they can’t buy from you How: Take on the quick hits yourself - then dig deeper with an SEO specialist Search marketing is too big to ignore – your competitors will be using it, if they aren’t already Page 10© 2008 Razorfish. All rights reserved.
  • 11. 3. Know Where Your Coming From & Going To What: Review your referral sources and entry points Why: Knowing your users’ traffic flow allows you to change it How: Check your web analytics reports Is every page your “home page”? Page 11© 2008 Razorfish. All rights reserved.
  • 12. 4. Dig for (Buried) Treasure What: Identify your site’s critical pages and hidden gems Why: Find out where you need to focus attention How: Check web analytics for traffic, time on site, and patterns/anomalies Media & Entertainment E-commerce Page 12© 2008 Razorfish. All rights reserved.
  • 13. 5. Follow the Treasure Trove What: Test and optimize critical pages and hidden gems Why: Fixing the freeway will help users get to the destination How: Run in-page diagnostics, a site survey, or usability test on the pages Test to understand users’ behavior Page 13© 2008 Razorfish. All rights reserved.
  • 14. 6. Don’t Play 20 Questions What: Remove unnecessary form fields and steps in your processes Why: Nothing needs to stand in your customers’ way, particularly you How: Run a usability test or in-page/form field diagnostic Only dogs like to jump through hoops Page 14© 2008 Razorfish. All rights reserved.
  • 15. 7. Don’t Fumble In the End Zone What: Clean up confirmation pages and cart handoffs Why: If someone gives you their credit card, they usually want you to use it How: Check web analytics, run A/B tests or in-page drop-off diagnostics The most critical drop- off point occurred after users actually submitted application forms. This represents a loss of over 3,600 card applications Page 15© 2008 Razorfish. All rights reserved.
  • 16. 8. Raiders of the Last Logs What: Review your search logs Why: Users use their own words to tell you what they’re looking for How: Pull or customize the base report that comes with your search package Even Google and Zappos can offer Insights Page 16© 2008 Razorfish. All rights reserved.
  • 17. 9. Explore The Space-Time Continuum What: Investigate how seasonality and geography affect your users’ behavior Why: Knowing when and where = relevance How: Check public tools, web analytics, and custom reports “We’ve moved our publication schedule because the news environment has shifted and we’ve been listening to you.” – Time Magazine Page 17© 2008 Razorfish. All rights reserved.
  • 18. 10. Track Your Buzz, Hug Your Haters What: Listen to your customers Why: Being the last to know your product sucks is bad for business How: Explore the continuum of tools – from Google Alerts to Nielsen BuzzMetrics Even disappointment can lead to a better relationship – if it’s thought of as one. Page 18© 2008 Razorfish. All rights reserved.
  • 19. Thank You Marisa Gallagher marisa.gallagher@razorfish.com www.twitter.com/marisagallagher Jamie Yaptinchay jamie.yaptinchay@razorfish.com www.twitter.com/jamiey
  • 20. Appendix - Abandonment Rate What: Know your abandonment rate and how it compares to others Why: Knowing how you’re doing, and how much you could improve, is half the battle How: Use traffic + sales data, web analytics, or SiteOps diagnostics ABANDONMENT RATES BY VERTICAL Average Min Max Financial 41.14% 21.30% 70.91% Do you have room to Pharma 48.81% 25.45% 72.56% move? Are you closer Publisher - Content 53.20% 29.22% 85.79% to the floor or the Retail 26.85% 11.61% 83.87% ceiling? Travel 47.46% 9.48% 94.68% Page 20© 2008 Razorfish. All rights reserved.