CONVERSION MARKETING Spring 2010

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CONVERSION MARKETING Spring 2010. THE BASIC STRATEGIES. DIRECT MARKETING LEAD PROCESS. QUALIFYING LEADS. D esire A uthority M oney N eed. DISTRIBUTION, FOLLOW-UP. Timing and Value of Lead Determines: “Hot Prospects” to Field Sales to Close - PowerPoint PPT Presentation

Transcript of CONVERSION MARKETING Spring 2010

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Spring 2010

CONVERSION MARKETINGCONVERSION MARKETING

Spring 2010Spring 2010

Mary Lou Roberts 1

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Spring 2010

THE BASIC STRATEGIESTHE BASIC STRATEGIES

Mary Lou Roberts

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DIRECT MARKETING LEAD DIRECT MARKETING LEAD PROCESSPROCESS

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QUALIFYING LEADSQUALIFYING LEADS

DD esire esire

A A uthority uthority

MM oney oney

NN eed eed

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DISTRIBUTION, FOLLOW-UPDISTRIBUTION, FOLLOW-UP

Timing and Value of Lead Determines:

“Hot Prospects” to Field Sales to Close

Others to Combination of Personal/Non-

Personal Media

Until Value/Timing Warrants Becoming “Hot

Prospect”

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CONVERSION ON THE CONVERSION ON THE INTERNETINTERNET

Is It Click-Through From Online Ad

(Display, PPC) or Social Network That

Brings Prospect to Web Site? Register/ Capture Data – Begin Dialog

Is It Making a Purchase on the Site? Now or at a Future Time?

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It’s All Of The AboveAND ALL CAN BE MEASURED

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LEAD CHALLENGESLEAD CHALLENGES

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LEAD COSTSLEAD COSTS In its “Cost-per-Lead Advertising Data Report,” Pontiflex defines basic data as

information such as a user’s first name, last name, e-mail address and postal address. Premium fields include more detailed data such as telephone numbers, social networking usernames, and custom questions.

http://www.marketingcharts.com/direct/cost-per-lead-figures-vary-by-vertical-10384/

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LEAD COSTS IN SOCIAL MEDIALEAD COSTS IN SOCIAL MEDIA

Hubspot via eMarketerFebruary 25, 2010

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WEBSITE OPTIMIZER –BROAD WEBSITE OPTIMIZER –BROAD PERSPECTIVEPERSPECTIVE

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THE CONVERSION THE CONVERSION PROCESSPROCESS

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SALES CONVERSIONSALES CONVERSION

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www.omniture.com

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MEDIA FOR MEDIA FOR GENERATION/CONVERSIONGENERATION/CONVERSION

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FUNNEL OR SPIDER?FUNNEL OR SPIDER?

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OR SPAGHETTI?OR SPAGHETTI?

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Landing Page Conversion

Long Checkout

   0.26%

Short Checkout

  1.04%

Increase 300%

Landing Page Conversion

Original    .80%

Optimized   1.32%

Increase 65%

Original   0.60%

Optimized   1.06%

Increase 77%

SAMPLES - LANDING PAGES TESTSSAMPLES - LANDING PAGES TESTS

Landing Page Conversion

Original 19.76%

Optimized 24.83%

Increase 26%

http://www.marketingexperiments.com/improving-website-conversion/landing-page-conversion-gains.html

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CONVERSION KILLERSCONVERSION KILLERS 1. Lack of clarity…answer these questions in 5

seconds… Where am I? What can I do here? Why should I do it

2. Undisciplined eye-path Direct the eye-path on your landing page using size, color, shape,

position and motion

3. Insufficient value promise Not enough reason to click

4. Excessive friction 5. Key elements of landing page eyepath: Size, color,

motion, shape, position

1. 6. Don’t just try incremental landing page changes, test radically different alternatives – Flint McGlaughlin

TEST! TEST! TEST!TEST! TEST! TEST!

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FRICTION ON LANDING PAGESFRICTION ON LANDING PAGES

http://www.marketingexperiments.com/improving-website-conversion/landing-page-conversion-gains.html

With 4 good case studies!

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THREE KEY ISSUESTHREE KEY ISSUES

The Landing Page

Conversion Paths

Conversion Scenarios

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LANDING PAGESLANDING PAGES

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Harvard Business SchoolExecutive Education ProgramDownload Our Course Catalog Onlinewww.exed.hbs.edu rank 8th

Separate Landing Pagevs

Relevant Page on Site

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EMAIL > LANDING PAGE EMAIL > LANDING PAGE STUDY STUDY

Match E-Mail Copy to Landing Page Especially the Call to Action

Same Look and Feel as the E-Mail Ask Only Essential Questions Navigation Bar May Distract from

Conversion Avoid Need to Scroll (Short Copy)

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Whatever the Source of the Whatever the Source of the

LeadLead

IT IS A MISTAKEIT IS A MISTAKE

TO SIMPLY DUMP VISITORSTO SIMPLY DUMP VISITORS

ON THE HOME PAGE!ON THE HOME PAGE!

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CONVERSION PATHS & SCENARIOSCONVERSION PATHS & SCENARIOS

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USE METRICS > MAP PATHS USE METRICS > MAP PATHS THROUGH SITETHROUGH SITE

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The Anatomy of a Conversion PathAnna TalericoExecutive Vice Presidention interactive

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BUILD SCENARIOSBUILD SCENARIOS

Impression Point > Where Attention Attracted

Entry Point > Where Enters Funnel Points of Resolution > Answers

Questions Relevant to Purchase Way Points > Provides Info. Necessary

for Purchase Conversion Beacon > Step Required to

Accomplish Task Conversion Point > Confirm That Task

Has Been Completed

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“What Exactly is a Conversion Scenario”and other articles on persuasion architecture byBryan Eisenbergwww.GrokDotCom.com

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CREATE PERSONASCREATE PERSONAS

http://consumerist.com/368894/leaks-best-buys-internal-customer-profiling-document

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DEFINING CONVERSION- DEFINING CONVERSION- REDUXREDUX

There May Be Multiple Conversion Points

Better Stated: There May Be Many Steps On the Path to Conversion Need to Measure/Influence Them All

Each Enterprise Must Define Conversion Itself Request for Information/Capture Email Address

A First-Time Sale?

A Loyal Customer?

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CONVERSION RESOURCESCONVERSION RESOURCES www.marylouroberts.info

Direct Marketing > Chapter 11 Business to Business http://www.olgassociation.org/index.php

GrokDotCom http://www.grokdotcom.com/ Market Motive, new premium service

http://www.marketmotive.com/ (includes paid courses)

Web Sales with a Human Touch http://www.strategy-business.com/media/file/enews-10-30-

08.pdf

Landing Page Portfoliohttp://www.ioninteractive.com/portfolio/

http://websiteoptimizer.blogspot.com/

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