opticon 2014

38
The Conversion Maturity Model: A Roadmap to Profitability Tim Ash - CEO San Francisco – April 17, 2014

Post on 19-Oct-2014

236 views

Category:

Data & Analytics


1 download

DESCRIPTION

Test. Optimize. Innovate. We are thrilled to bring together customers, partners, testing evangelists, and web design experts under one roof for OptiCon. Discussion topics will run the gamut from building and expanding testing cultures within organizations, making marketing data accessible and actionable, and democratizing the process of data collection and experimentation so that anyone in an organization can test for themselves.

TRANSCRIPT

Page 1: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

The Conversion Maturity Model: A Roadmap to Profitability

Tim Ash - CEO

San Francisco – April 17, 2014

Page 2: OptiCon 2014
Page 3: OptiCon 2014

The Conversion Maturity Model:

A Roadmap To Profitability

Tim Ash – CEO SiteTuners, Chairperson of Conversion Conference

Page 4: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

About SiteTuners

• San Diego based conversion rate optimization agency

• Large and small company clients worldwide

Practice areas:

– Conversion-focused website blueprints (full redesigns & quick facelifts)

– Landing page test plans & testing strategy development

– Conversion management, team mentoring & training

Page 5: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

M O R E T H A N

s i n c e 2 0 0 2

1200 CLIENTS

Page 6: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

The Conversion Maturity Model

Page 7: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

The Four Dimensions

Who - People & Structure

How – Tools & Technology

What – Measurement & Accountability

Why – Process & Culture

Page 8: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

The Four Stages

IV – Advanced III - Intermediate II - Basic I - Unoptimized

Page 9: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

Who – People & Structure

Page 10: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Getting a seat at the grown-up table

Page 11: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Unoptimized

• There are no full-time formal positions devoted to CRO

• Employees have no training of any kind in CRO

• CRO is not on the organizational chart

• Marketing focus is on traffic acquisition volumes

• Most website changes need assistance & approval from IT

Who - People & Structure

Page 12: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Basic

• Some full-time non-management positions are devoted to CRO within certain departments

• A few additional employees have some informal training in CRO

• Marketing focus is on profitable traffic acquisition

• Basic website content changes can be made without IT involvement

• Some landing pages and microsites are under control of online marketing

• Main site design, messaging, and structure are still largely under control of brand/marketing (with support from IT)

Who - People & Structure

Page 13: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Intermediate

• There is a formal CRO team with full-time positions and a manager within a specific department (not strategic)

• CRO team members have periodic formal training in CRO and are given the opportunity to get additional informal training

• CRO team periodically conducts informal training for a wider internal audience

• Marketing focus is on profitable traffic acquisition and conversion

• Website content and many structural (page-flow and functionality) changes can be made without IT involvement

• All landing pages and microsites are under control of online marketing

• Some parts of the main website are under the control of online marketing

Who - People & Structure

Page 14: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Advanced

• There is a formal stand-alone CRO team with full-time positions and a manager which reports to the CMO (or higher)

• CRO team sets strategic priorities company-wide via a formal intake process

• CRO team members have regular formal training in CRO

• CRO team regularly conducts informal training for a wider internal audience

• Marketing focus is on increasing profits over the lifetime of the customer

• Almost all website content and structural changes can be made without IT involvement

• All landing pages and microsites are under control of online marketing

• Most parts of the main website are under the control of online marketing

Who - People & Structure

Page 15: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

How – Tools & Technology

Page 16: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Having the right tools to go faster

Page 17: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Websites are mostly static content

• Proprietary content management systems (CMS) are difficult to maintain

• Different technology platforms exist across divisions

• Few qualitative or quantitative diagnostic tools are used anywhere to uncover conversion issues

• When diagnostic tools are available, they are not applied consistently

How – Tools & Technology

Unoptimized

Page 18: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Websites are mostly in commercial content management systems

• More standardized technology platforms across divisions

• No qualitative or quantitative diagnostic tools are used company-wide

• Split testing tools are used opportunistically by small teams

• Very basic segmentation and analysis is done on test results

• No easy way to update web content with test winning content

• Websites changes are frequently made without measuring their impact

• Website redesigns are led by branding and marketing (without a deep diagnostic phase focused on visitor needs)

How – Tools & Technology

Basic

Page 19: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• All websites are in commercial content management systems

• Technology platforms are standardized across divisions

• Some qualitative and quantitative diagnostic tools are used company-wide

• Split and multivariate testing tools are used routinely by small teams

• Some split tests are segmented by traffic source or other single parameters

• Marketing automation systems and CRM systems are in place but are not integrated into the testing

• Some longer-term prospect and client behaviors (e.g. trial completion, re-subscription rates, client surveys and research studies, and lifetime value estimates) are provided to CRO team upon request by other departments

How – Tools & Technology

Intermediate

Page 20: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• All websites are in commercial content management systems and integrated with CRM, marketing automating, and traffic acquisition

• Technology platforms are standardized across divisions

• Wide variety of qualitative and quantitative diagnostic tools are used company-wide

• Split and multivariate testing tools are used routinely companywide

• Real-time content changes are made on an individual visitor basis using predictive analytics, behavioral targeting, and lead scoring

• Winning versions of tests are automatically deployed (and back-tested on a continual basis to ensure sustainable improvements)

• All web-facing experiences are easily reconfigurable and can be rapidly tested

How – Tools & Technology

Advanced

Page 21: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

What – Measurement & Accountability

Page 22: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Tracking the right metrics & reacting quickly

Page 23: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Reporting of key metrics involves manual work and is infrequent

• Web analytics does not cover all web properties & campaigns

• Campaign-level or more granular ROI is not tracked or measured

• Marketing budgets are fixed (regardless of outcomes or profitability)

• There is no culture of measurement within the company

• Marketing decisions are frequently overruled by executives without a quantitative basis

Unoptimized

What – Measurement & Accountability

Page 24: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Reporting of key metrics is done via near-real-time dashboards

• Web analytics covers all web properties & campaigns

• Campaign-level or more granular ROI is often measured

• Marketing budgets are fixed at regular intervals (based on past ROI of similar activities)

• There is a culture of measurement within web analytics and traffic acquisition teams

• There is little culture of measurement in the branding, creative, operating divisions, or offline marketing teams

Basic

What – Measurement & Accountability

Page 25: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Reporting of key metrics is done via near-real-time dashboards

• Automatic alerts are triggered if key metrics are out of line

• Web analytics covers all web properties & campaigns and is combined with a strong business intelligence team that all departments and operating divisions have access to

• Campaign-level and more granular ROI is always measured

• Marketing budgets are flexible and may be periodically reprioritized depending on the current mix and profitability of acquisition activities

• There is a culture of measurement within web analytics and traffic acquisition teams and the operating divisions

• There is some culture of measurement in the branding and creative departments (and changes often require a quantitative proof)

Intermediate

What – Measurement & Accountability

Page 26: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• Reporting of key metrics is done via near-real-time dashboards

• Automatic alerts and corrective actions are automatically triggered if key metrics are out of line

• There is an understanding and a tolerance for negative test outcomes

• Web analytics team main focus is developing predictive analytics models and deploying them in the form of website business rules and triggers to change the site experience on an individual basis

• There are no fixed marketing budgets and spending is quickly reprioritized depending on the current mix and profitability of acquisition activities

• There is a culture of measurement within all departments and operating divisions of the company

Advanced

What – Measurement & Accountability

Page 27: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

Why – Process & Culture

Page 28: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Who controls your company’s destiny?

Page 29: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• There are no formal processes for CRO

• Marketing is driven by branding and creative campaigns

• Financial rewards are not tied to improvements in online efficiencies

• There is no executive management awareness of CRO

• Positioning, messaging, product offerings are largely defined by brand/marketing

• Offline and broadcast content and messaging is reused without changes for the web

Unoptimized

Why – Process & Culture

Page 30: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• There are formal processes for tactical split testing

• Marketing is driven by a mix of creative campaigns and high-impact CRO activities

• Some teams or operating divisions have compensation tied partially to improvements in online efficiencies

• There is some executive management awareness of CRO, but not much active support (championing of projects or initiatives)

• There are turf issues between accountability-driven teams and brand/marketing

Basic

Why – Process & Culture

Page 31: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• There are formal processes for tactical split testing and implementing permanent changes based on winning test versions

• Marketing is driven mostly by high-impact CRO activities

• All operating divisions have compensation tied to improvements in online efficiencies

• There is broad executive management awareness of CRO, and some active support for projects or initiatives that are on a long-term roadmap created by executive management

• Web visitor behavior and the results of CRO activities are informally fed back to marketing to revise value propositions and product offerings

Intermediate

Why – Process & Culture

Page 32: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

• There are ongoing and largely automated processes for tactical split testing and implementing permanent changes based on winning test versions

• Marketing is driven exclusively by high-impact CRO activities which are prioritized via a structured submission and evaluation process

• All operating divisions have compensation tied to improvements in online efficiencies

• There is universal executive management awareness of CRO, and active support for all projects initiated by the CRO group

• There is solid cooperation among all departments

• Web visitor behavior and the results of CRO activities are actively and systematically fed back to marketing to create new value propositions and product offerings

Advanced

Why – Process & Culture

Page 33: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash Copyright © 2013, SiteTuners - All Rights Reserved. @tim_ash

Final Thoughts

Page 34: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Not all dimensions will be at the same stage

Page 35: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

The Keys to Success

• Dedication – Some people in your organization must have CRO as their only job, and have higher-level support

• Honesty – Problems and shortcomings should be addressed directly & openly

• Focus – Well-defined business goals should be set, executed, tracked, and incentivized

• Flexibility – Everything should be quickly changed when necessary: business models, branding, allocated resources, and tools

Page 36: OptiCon 2014

SPECIAL PRICING THROUGH APRIL 22! REGISTER FOR

JUST $697

• increase your revenue and profit

• generate more leads

• land more customers

• boost sales and paid memberships

• maximize your marketing ROI

CHICAGO | June 17-19, 2014 – Last U.S. show of the year

Join us in Chicago!

Page 37: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Express Review - Special Offer

• 45 or 90-min interactive review of your landing page or website

• Video transcript recorded via GoToMeeting

• Includes AttentionWizard “attention heatmap” of page

http://ExpressReviewOffer.com – $699 single page, $1099 full website

“OptiCon2014” promo-code to get $150 off (must order by 4/22/2014)

Page 38: OptiCon 2014

Copyright © 2014, SiteTuners – All Rights Reserved. #OptiCon2014 @tim_ash

Contact Info and Q&A [email protected]

(619) 990-9062 mobile

(619) 223-8020 work PST

twitter @tim_ash

www.linkedin.com/in/timash

facebook.com/tim.ash1

skype tim_ash1