Spring Into Action Webinar: Travel & Entertainment with Blue Acorn
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Transcript of Spring Into Action Webinar: Travel & Entertainment with Blue Acorn
Tackle Complex Buying Behaviors in Travel & Entertainment
SPRING INTO ACTION
What you’ll walk away with1. Understanding of how travel and entertainment differ from retail
2. Examples of Travel and Entertainment Personas
3. How to analyze your funnel
4. Keys to effective testing
5. Eight test ideas
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Blue Acorn• Premium eCommerce agency in Charleston, SC• Full service: design, development and
optimization• Clients span multiple industries and include
Ticketmaster, Olympus, Everlast, Le Creuset, Char-Broil, Rebecca Minkoff, Signature Hardware, Southern Tide.
Jay Atkinson• Director, Optimization• 15+ years in
eCommerce• Source of mustache
envy
Travel & Entertainmen
t
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Opportunity greater in this space than traditional eCommerce
Retail eCommerce vs.
Travel & Entertainment
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Digital Travel Sales Worldwide (2014-2019)
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Travel vs. Retail
• Booking vs checkout• Time sensitive inventory AND pricing• Option/package variation• Price• Convenience• Consideration cycle/length
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Online Ticket Sales
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Entertainment vs. Retail
• Scarcity and capacity• Time sensitivity• Mood/temporal circumstances• Social considerations
Optimization
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We’re going to answer…How would we rapidly strategize and launch multiple tests in a short time
frame?
What would we do if we had no time for rigorous data analysis?
What assumptions could we safely make about the travel and entertainment industry?
23:59:59
Personas
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Understanding personas
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Craft effective personas
Doug
Goals:1) super bright smile
2) perfect hair
Behavior1) shops constantly
2) uses mobile phone while walking
Becca
Goals:1) 1st 28-year-old VP at
company2) Learn HTML/CSS
Behavior1) eats and exercises
simultaneously2) tablet addict
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Our Sample Personas: Travel
The Opportunist• Has disposable income, open to travel at
any time• Looking for opporunities to get out of
town• Motivated by limited deals or sense of
urgency• May be looking for minimal alignment
(friends, favorite artist/sports team, bucket list)
The Planner• Is more likely to travel for a particular
occasion• Needs to be able to assess the full picture• Will likely be comparing across multiple
sites and sources
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Our Sample Personas: Entertainment
The Opportunist• Looking to find a unique experience
that’s worth her time• Fear of missing out (FOMO)• Can be impulsive in preferences and
decision making
The Planner• Needs to be able to iron out the full
experience and details• May need to coordinate friends or family and
accommodate their needs• Needs more validation to avoid risk of
disappointment
The Funnel
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React
Find
Choose
Buy
Retain
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Understanding your Funnel
Quantitative Analysis&
Qualitative Analysis
16:32:40
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React
Find
Choose
Buy
Retain
Effective Optimization
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Goals Themes Experiments Actions
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The process
Goals Themes Experiments Actions
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The process
Goals Themes Experiments Actions
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The process
Goals Themes Experiments Actions
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The process
12:23:50
A Few Starting
Experiments
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Limited Time Special Rate Hero
• Hypothesis - By immediately showing the Opportunist the best deals and giving her a deadline for booking, we can minimize bounce rates and encourage impulse bookings.
• kpis - bounce rate, conversion rate
React
Find
Choose
Buy
Retain
Experiment 1
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Experiment 2Group Rates Advertising
• Hypothesis - By explicitly indicating the value and efficiency of a group package to the Planner on his first experience, we will entice him to commit to our site and complete booking for their entire group.
• kpis – average order value, conversion rate
React
Find
Choose
Buy
Retain
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Experiment 3Day by Day Price Comparison
• Hypothesis - By showing Planners rates broken down by day, they can easily see which dates provide the most value to travel on. Also reduces friction of having repeat search queries just to evaluate slight variations.
• kpis – average order value, conversion rate
React
Find
Choose
Buy
Retain
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Experiment 4Social Validation on Event Pages
• Hypothesis - By visualizing the attendees and social connections of the Opportunist that are already committed to the event, we will increase her interest and ultimate conversion.
• kpis – bounce rate, conversion rate
React
Find
Choose
Buy
Retain
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Experiment 5Best Price Guarantee
• Hypothesis - By emphasizing a low price guarantee on package/trip/room pages, we can give the Planner a greater sense of confidence and reduce the likelihood of purchasing from OTA’s or competitors.
• kpis –conversion rate, average order value
React
Find
Choose
Buy
Retain
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Experiment 6Race to Finish the Purchase
• Hypothesis - By stressing the diminishing inventory and time to the Opportunist once she is in the checkout process, we will increase her sense of urgency and push her to convert
• kpis –conversion rate, cart abandonment
React
Find
Choose
Buy
Retain
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Experiment 7Sharing Based Checkout Promotion
• Hypothesis - By enabling and enticing the Planner to share their ticket choices, you will give facilitate and encourage their coordination with friends, resulting in higher conversion rates and referrals
• kpis –social sharing rate, conversion rate
React
Find
Choose
Buy
Retain
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Experiment 8F.O.M.O. Newsletter Signup
• Hypothesis - By stressing the fear of missing out the cool activities available, we can get the Opportunist to sign up and become a recurring purchaser
• kpis – returning Purchasers, newsletter signups
React
Find
Choose
Buy
Retain
03:58:25
Key Takeaways
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Key Takeaways
1.Create Personas2.Visualize the Funnel3.Build a Plan4.Take Action
00:00:00
Questions?
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Thank you!
Twitter: @jatkinson10 @blueacorn
Email: [email protected]
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www.blueacorn.com