Make Every Click Count: Maximizing Your Customer Acquisition Budget

Post on 15-Apr-2017

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Transcript of Make Every Click Count: Maximizing Your Customer Acquisition Budget

Making Every Click CountPam WebberChief Marketing Officer at 99designs

• Yes, we are recording today’s webinar!

• Slides and recording will be sent to all registrants later today

• Save your questions for Q&A with our speaker after the interview—use the GotoWebinar panel

Webinar FAQ

Meet our SpeakerPam Webber, CMO, 99designs• Leader of global marketing team• Responsible for customer acquisition

and increasing lifetime value of customers

• Previous experience: eBay, PayPal, variety of startups, ecommerce company founder

• Passionate about finding “aha moments” to drive strategic direction

Agenda

• Planning and staffing

• The top challenges—and how to overcome them

• Optimizing through testing

About 99designs

• World’s largest online graphic design marketplace

• Founded in 2008

• 125 employees worldwide

• 350,000+ customers

• 2015 revenue near $60 million

• 8 consecutive years of double-digit growth

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99designs helps customers get quality, graphic designLogos, websites & more

Logos

Designs by Vidakovic, Martis Lupus , A&V, J.Chaushev, Khramova, and Bence Balaton

T-shirtsBook covers Product packaging

BeveragesWebsites

Car wraps

Planning for Customer Acquisition

Identify Your Target. Define Your Persona

AngelaAgency

NickNiche

ValSMB

MiaMarketer

EricEnterprise Marketer

TedTech entrepreneur

• Identify• Define• Validate• Test• Scale

Working with Personas

Staffing for Customer Acquisition

What is your strategy?

• Creating demand

• Capturing existing demand

Staffing for yourAcquisition Challenges

The 99designs Marketing Team

Paid

Online Marketing (SEM, Ads)

Affiliates

Conversion Optimization

Designers

Communications

Education

Communications

Corp Comm

PR

Brand/Earned

SEO

Broadcast (Podcasts, Radio)

Campaigns(Social, Content, Promos)

International

Paid

Brand

Communications

Reducing Customer Acquisition Costs

Reducing Acquisition Costs

AnalyticsInvest in analytics.

Reducing Acquisition Costs

“Free”Help your customers find you.

AnalyticsInvest in analytics.

Reducing Acquisition Costs

RetargetingDon’t pay (a lot) twice.

“Free”Help your customers find you.

AnalyticsInvest in analytics.

START THE QUIZ

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Email

Challenges with Customer Acquisition

Top 3 Challenges of Customer Acquisition

• Identifying the “halo effect”

Top 3 Challenges of Customer Acquisition

• Identifying the “halo effect”

• Data volume for confident testing

Top 3 Challenges of Customer Acquisition

• Identifying the “halo effect”

• Data volume for confident testing

• Playing to your risk profile

Top 3 Challenges of Customer Acquisition

• Learn from others

• Develop a ‘test and learn’ culture

• Create a strong partnership with your Analytics team

• Be ‘truth-seeking’ and cautious

Addressing the Challenges

Optimizing Customer Acquisition through Testing

Retargeting A/B TestObserved 20% increase in sales

Control – No Retargeting

Variation – Retargeting

Moving Email Capture Higher in the Checkout Process2.5x captures without impacting conversionsVariation – Collect Email Before Last Checkout PageControl– Email Modal Pop Up Before Payment

Gold Package RecommendationCTA drives 21% increase in average price

Control Variation

Next on 99designs’ Testing Roadmap

• Welcoming more agencies and enterprise customers

• Assessing the impact of rebranding

Optimizing Customer Acquisition

• Educate the team on how to interpret results

• If you can’t collect enough data to get statistical significance, go with your gut

Final Thoughts

Final Thoughts

• Customer acquisition is hard.

• There is a lot of noise.

• Use data when you can, your gut when you can’t

• Be truth-seeking.

Q&A

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