Designing Revenue: How top businesses use design to impact the bottom line

Post on 17-Nov-2014

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A presentation to Business Bootcamp 2011 about the advantages of designing an overall experience for your customers through the lens of Apple, About.me, Target and Mint.com

Transcript of Designing Revenue: How top businesses use design to impact the bottom line

Designing RevenueHow Apple, Target and About.me

Used Design to Disrupt and Drive Super Growth

What moves the needle?Q

2010

2011

400,0004 months$425,000

850,0002.5 years

$32M$170M

Jason will work with Bessemer’s portfolio companies to help them build “simple, intuitive and engaging web sites,”

Bessemer partner David Cowan

“If you make the user interfaceawesome from the beginning,

you reduce the impact on your support requirements”

Paul English, Kayak

469M7 years$22M

$128M

“We focused on usability - simplicity trumps price”

David Friend, Carbonite

8.4 vs 7.6“Cheap Chic” “Low Prices”

44.15% vs 10.22%

March 22, 2001 – March 22, 2011

4 million 4 years$7.2M

Can describe value at a glance

Design

Says “I don’t care”Crap Design

Consumers82%

will not come backif the experience sucks

QWhat are you designing?

You cannot control every Bad Newscustomer’s experience

Design is in your controlGood News

Experience

is an experienceBrandand it can’t be done in reverse

QWhy does design matter?

Life-TimeValue

CustomerAcquisition

Costs

Dreamers

Life-TimeValue

CustomerAcquisition

Costs

Reality

Freemium Inside Sales Field Sales

Cost

of

Cust

om

er

Acq

uis

itio

n

should pull customersThe Product Design

through the funnel

Design / UX(Product)

Marketing

CustomerSupport

Design / UX(Product)

Marketing

CustomerSupport

Design / UX(Product)

Marketing

CustomerSupport

reduces acquisition costsGreat Designand increase LTV

is the price you pay forAdvertisingbeing boring

Great Design = ProfitsBottom Line

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Promo code: BOOTCAMP

@freshtilledsoilThank You!richard@freshtilledsoil.com