Conversion Optimisation - Create The Foundations For Your Growth & Success
Transcript of Conversion Optimisation - Create The Foundations For Your Growth & Success
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Conversion Optimisation –
Create The Foundations For Your Success
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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Conversion Optimisation –
How To Do It Better Than 99% of UK Retailers
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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• A full service conversion optimisation agency
• Optimising online experiences since 2004
• The UK representative of the Global Optimisation Group,
alongside WiderFunnel, WebArts, Uptilab & Conversionista
• Conducted over 1600 hours of in-depth user research across multiple sectors
• Average of 1491% ROI delivered through PRWD’s Growth Methodology™
About PRWD
#GPeCSummit
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#GPeCSummit
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Over 100 CRO Presentations, Articles, Podcasts & Case Studies
@paulrouke#GrowthLeaders
• Top Optimisation Pitfalls and How To Learn From Them• The Psychology Of Shopping Online• How To Sell In Conversion Optimisation• Selecting KPI’s That Really Matter• Iterative, Innovative, Strategic – The Full Spectrum of Testing• The Killer Path to Successful Conversion Optimisation• A/B Testing Case Studies Using Intelligent Persuasion • 10 Key Areas To Get Right In Ecommerce• 12 Common Misconceptions of Conversion Optimisation• 3 Ways to Communicate Your Unique Selling Proposition
#GPeCSummit
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#GPeCSummit
bit.ly/batshitinsane
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@paulrouke#GrowthLeaders
• 5 Best Practice Techniques for Every A/B Test• How to Select and Prioritise Your Testing• Vanity versus Sanity Metrics in Conversion Optimisation• 7 Ways to get Your Customers to Fall in Love With You• The Most Influential Persuasive Design Techniques• My 15 Years Ecommerce Experience Distilled in to a 1 Hour Podcast• Is Booking.com the Most Persuasive Website in the World?
bit.ly/CROresources
#GPeCSummit
Over 100 CRO Presentations, Articles, Podcasts & Case Studies
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@paulrouke#GrowthLeaders
“One of the biggest mistakes retailers make in conversion optimisation is failing to invest in and build intelligent foundations”
Paul Rouke
Founder & CEO at PRWD
#GPeCSummit
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STATE OF THE INDUSTRY
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
bit.ly/GrowthLeaders#GrowthLeaders
17 industry leaders explaining “what not to do”
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@paulrouke#GrowthLeaders #GPeCSummit
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“We are the dirt under the
fingernails of the digital industry”
Andre Morys
Co-Founder & CEO at Web Arts
@paulrouke#GrowthLeaders #GPeCSummit
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“Intelligent, user driven conversion
optimisation is the soap that is going
to clean up the digital industry”
Paul Rouke
Founder & CEO at PRWD
@paulrouke#GrowthLeaders #GPeCSummit
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2 acronyms 1 confused industry
CRO MVT
@paulrouke#GrowthLeaders #GPeCSummit
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#MVT NVT #NHTNo Value Testing No Hypothesis TestingMulti-Variate Testing
@paulrouke#GrowthLeaders #GPeCSummit
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CRO
CRO
CBG
Continuous Revenue Optimisation
Continuous Business Growth
Conversion Rate Optimisation
@paulrouke#GrowthLeaders #GPeCSummit
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CRO
CROContinuous Revenue Optimisation
#CBGContinuous Business Growth
Conversion Rate Optimisation
@paulrouke#GrowthLeaders #GPeCSummit
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THE 4 PILLARS FOR TRULY GROWING
Strategy & Culture Tools & Technology People & Skills Process & Methodology
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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STRATEGY & CULTURE
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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Egotistical – “I have all the answers”
Arrogance – “I’m experienced enough”
Cowardice – “I don’t need to quantify this”
Blinkered – “This is the way I’ve always done it”
Apprehension - “It’s easier to just stay as I am”
@paulrouke#GrowthLeaders #GPeCSummit
5 Personality Traits Damaging Business Growth
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@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders
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#GPeCSummit
bit.ly/awesomeASOS
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#GPeCSummit
bit.ly/awesomeAO
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5 Steps To Transforming Your Culture
@paulrouke#GrowthLeaders
1) Remove egotism from your business – from the CEO down
2) Hire people with HIPPO* personality traits – * the re-invented HIPPO
3) Stop thinking short term – plan for long term impact & business growth
4) Become truly customer centric – start walking the walk, not talking the talk
5) Instil this – user driven intelligent optimisation is a core strategy, not a project
#GPeCSummit
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TOOLS & TECHNOLOGY
@paulrouke#GrowthLeaders #GPeCSummit
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“Blind investment in feature rich tools represents one
of the biggest wastes of marketing budget. Period.”
Paul Rouke
Founder & CEO at PRWD
@paulrouke#GrowthLeaders #GPeCSummit
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“It’s the intelligence of the people using the
tool that dictates the impact the tool has.”
Paul Rouke
Founder & CEO at PRWD
@paulrouke#GrowthLeaders #GPeCSummit
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5 Key Ways To Invest In Tools Correctly
@paulrouke#GrowthLeaders
1) Stop being blinded by features & functionality that gather dust
2) Never forget its about the brains of the people using the tools
3) Configure your existing tools correctly & intelligently
4) Invest over 75% of your budget in people, skills & methodology
5) Instil this – tools & technology will not take all our jobs in the future
#GPeCSummit
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PEOPLE & SKILLS
@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit
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5 Key Ways To Build Your High Growth Team
@paulrouke#GrowthLeaders
1) You need a multi-disciplinary team – there is no unicorn solution
2) All your team should have a core passion for truly understanding user behaviour
3) Hire for HIPPO characteristics for all roles
4) Focus everyone on what commercial impact they are having
5) Instil this – you and your team have the potential to genuinely grow your business*
* and gain immense personal satisfaction that you fulfilling your own life potential
#GPeCSummit
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PROCESS & METHODOLOGY
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We all know what happens when we put garbage in…
@paulrouke#GrowthLeaders #GPeCSummit
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“This time next year Rodney,
we’ll be millionaires”Del Boy Trotter
Founder of Trotters Independent Traders @paulrouke#GrowthLeaders
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@paulrouke#GrowthLeaders #GPeCSummit
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“Our vision is to be the
world’s most customer
centric company”
Jeff Bezos
Founder of Amazon
@paulrouke#GrowthLeaders
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5 Routes To Truly Becoming Customer Centric
@paulrouke#GrowthLeaders
1) Conduct 1-1 research – Don’t just rely on surveys or heatmaps, they are not enough (plus include competitor research at the same time)
2) Remove egotism – show decision makers what users are actually doing on your website – put videos of real people doing real things in front of the them
3) Ask the right questions to new customers – “What was the reason you nearly didn’t purchase from us today?” “what was it that made you buy from us?”
4) Gain qualitative insights on live A/B tests – Understand why or why not its working
5) Do user research regularly – Know that user behaviour & expectations change quickly
#GPeCSummit
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@paulrouke#GrowthLeaders
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@paulrouke#GrowthLeaders #GPeCSummit
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Control
#GPeCSummit
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Variation
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Result
+ 4.3%Sitewide Purchase Conversion Rate
SITEWIDE, GIVE VISITORS UNIQUE REASONS TO STAY & CONVERT
#GPeCSummit
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VANITYCRO METRICS
Number of tests run per month
Number of tests run this year
Number of tests currently live
Number of variations in our latest MVT
Biggest conversion rate impact test
SANITYCBG METRICS
% of tests which deliver an uplift
Average % increase on primary metric
% of tests which are conclusive
% of tests which deliver genuine learnings
YTY change in revenue per visitor
MTM change in cost per acquisition
@paulrouke#GrowthLeaders
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1 BIG TAKEAWAY
@paulrouke#GrowthLeaders #GPeCSummit
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BUILD YOUR 4 FOUNDATIONAL PILLARS
Strategy & Culture Tools & Technology People & Skills Process & Methodology
@paulrouke#GrowthLeaders #GPeCSummit
Approach, Structure,
Intelligence, Innovation,
Quality, Communication,
Business Learnings
Resource Availability,
Skillset Maturity, Unique
Skills, CRO Leader
Data Collection & Usage,
Experimentation Tools,
User Insight Capture,
Web Platform
Business Culture, Agility,
Budget, Focus, Appreciation
of Optimisation, Metrics
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In summary
@paulrouke#GrowthLeaders
1) The 100+ PRWD UX & CRO resource library – bit.ly/CROresources
2) The ecommerce site to learn from – bit.ly/awesomeASOS
3) The ecommerce site to learn from no. 2 – bit.ly/awesomeAO
4) The 1 book to transform your culture – bit.ly/GrowthLeaders
5) The Twitter hashtag to use to get a free copy – #GrowthLeaders
6) The opportunity every one of you has from this day forward…
#GPeCSummit
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@paulrouke#GrowthLeaders #GPeCSummit