Maximizing Conversions And Overall Campaign Roi Presentation

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Maximizing Campaign ROI Case Study: Doubling Toolbar Install Conversion Rate with Multivariate Optimization Sam Ee, MIVA Robert Bergquist, Widemile April 25, 2008

Transcript of Maximizing Conversions And Overall Campaign Roi Presentation

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Maximizing Campaign ROICase Study: Doubling Toolbar Install Conversion Rate with Multivariate Optimization

Sam Ee, MIVARobert Bergquist, Widemile

April 25, 2008

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Today’s FacilitatorsSam Ee, MIVA Direct‣ MIVA Direct delivers on it's vision of "Making the Internet

easy" by developing and distributing category-specific toolbars and a proprietary home page solution, powered by Google search.

‣ Two core business:

‣ Vertical affinity ALOT Toolbars and ALOT Home

‣ Screensavers.com for free screensavers and wallpapers

Robert Bergquist, CEO, Widemile‣ Leading provider of multivariate testing and optimization

technologies and services for online agencies and advertisers

‣ Landing pages, microsites, sales funnels, registration pages

‣ Interactive ad campaigns and customer segment testing

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Two Questions:

‣ Ad campaign costs rising?

‣ Satisfied with performance?

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Test for Better Returns on Ad Spend

3%

21%

20%

16%

14%

27%

26%

43%

43%

67%

6%

22%

28%

29%

33%

38%

51%

56%

61%

62%

0% 20% 40% 60% 80% 100%

Integrate bid management and CRM

Add new engines

Integrate bid management and analytics

Integrate online/off-line campaigns

Local search

Add keyword match types

Target

Test landing pages

Test creative

Add new keywords

AgenciesAdvertisers

Question: Which tactics have had the most positive impact on your search marketing campaigns? (Select all that apply.)

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Are You Optimizing for Better ROAS?

‣ Little experience with content or creative testing

‣ Done some A/B split testing

‣ Done some multivariate testing

‣ Managing MVT projects now

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You are not alone

‣ 87% not satisfied with their campaign conversion rates

‣ 60% doing no testing or optimization of any kind

‣ Majority of those testing use just A/B

n=540, 9/6/07, Widemile webinar with SMN and Jupiter Research

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Key Steps to Optimized Campaigns

‣ Know your audience

‣ Embrace design best practices

‣ Test marketing assumptions

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What is Multivariate Optimization?

‣ Test multiple element variations quickly

‣ Learn how each influences performance

‣ Determine the optimal page configuration

‣ Tailor pages for traffic source and other customer segments

Sample Landing Page

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MIVA Case Study: Weather Toolbar‣ Downloadable browser add-on toolbar shows various links to online weather sources

‣ Paid search campaigns deliver traffic

‣ Business objective is higher download and install rate

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Marketing Questions:‣ What is the best type of hero shot?

‣ What is the impact of the TRUSTe logo?

‣ Are people worried about spyware?

‣ Do people prefer specific toolbar features over lifestyle/benefits statements?

‣ Are people confused by the Google feature list?

‣ How much should we highlight the toolbar?

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Optimization ProcessAnalysis‣ Understand audience and value

proposition

‣ Review existing conversion process

Action‣ Develop testing plan (new templates,

recipe matrix, and content variables)

‣ Execute tests

‣ Report and analyze results

‣ Deploy optimal pages

‣ Leverage lessons learned

Baseline Page

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Assessment and Redesign - Wireframe

Google Product Information

Header

TRUSTeSpyware FREE

Hero Shot

Call To Action Button

Product Description

Headline

2

3

4

5

6

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8

1

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Defining Test Matrix

No. Factor (Variable)Levels

(versions)

1 Header 4

2 Hero shot 4

3 TRUSTe logo 4

4 Headline 2

5 Call-to-action 2

6 Product description 2

7 Spyware-free message 2

8 Google info 2

2048 potential combinations tested with 16 experiments

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Example: Header - which one works best?

Level 2

Level 3

Level 4

Level 1

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MVT Determines What Works Best

2

3

4

5

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8

1

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Which TRUSTe logo works best?

Level 2

Level 3

Level 4

Level 1

OFF

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Test Complete in Two Weeks

Copyright 2007 – 2008 Widemile Inc. All Rights Reserved. Confidential Slide 17

Test Duration

Test Data Stabilization

Convers

ion R

ate

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And the Winner is…

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And the Winner is…Header

Hero Shot

Google Product Information

TRUSTe

Spyware FREE

Call To Action Button

Product Description

Headline

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0 10 20 30 40 50

Factor 2

Factor 6

Factor 1

Factor 5

Factor 3

Factor 7

Factor 4

Factor 8

What’s Most Important?

Google Info

Headline

Spyware

TRUSTe

Call-to-action

Header

Product Description

Hero shot

HIG

HM

ED

IUM

LO

W

Influence Index

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Analysis‣ Spyware, TRUSTe, Headline, and Google information

factors had the greatest influence on performance

‣ All references to the toolbar and specific features lost to lifestyle descriptions

‣ De-emphasizing the Google product features increased conversions

‣ People favored toolbar benefits over features

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1

2

3

4OFF

Factor Analysis: TRUSTe logo

‣ Two new TRUSTe logos beat the old logo (and the logo turned off) – 8% lift delta

‣ Tested redesigned logos to reduce call-to-action confusion

‣ Recommend seals of approval with a small text link below to avoid competition with primary call-to-action objective

Rela

tive C

onvers

ion

Rate

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Greater Campaign Efficiency

Twice the number of toolbar installs for the same ad spend

10

0%

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5%

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Baseline Optimized

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Ind

ex:

Convers

ions

/ A

d S

pend

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The Three Steps - Recap

‣ Know your audience‣ Leverage your SEM and analytics resources

‣ Refine your value proposition

‣ Embrace design best practices‣ Simplify the page and remove distractions

‣ Educate yourself

‣ Test your marketing assumptions‣ Value proposition and incentives

‣ Traffic characteristics

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Helpful Resources

Conversational Marketingby Ian Lurie

Portent Interactive

Web Design for ROIby Lance Loveday & Sandra Niehaus

Closed Loop Marketing

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Next Step

Test current optimal page

versus

New creative design using optimal content

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Thank You

Sam Ee – [email protected] Robert Bergquist – [email protected]

Content Informationwww.widemile.com

www.miva.com