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Offer Response Optimization
 Learn how to replicate a 331% lift in
 your own inbound marketing efforts
Session Speaker
                  Jon Powell
                  Marketing and Sales Funnel Optimization
                  MECLABS
                  A testing and optimization veteran with hands-on experience
                  gained through managing hundreds of A/B and multivariate tests
                  for ecommerce, healthcare, financial, and education Research
                  Partners and clients. Jon studies prospects, products and
                  processes to help organizations strategically write themselves in
                  the stories of those that interact with them.

@JonPowell31      Recent test highlights:

                  331% increase healthcare search traffic lead conversion rate
                  672% increase education program site applications
                  129% increase education program browsing lead conversions
Inbound Offer Response
EXPERIMENT
Background and Test Design

            Experiment ID: MTCA Microsite Test
             Location: MarketingExperiments Research Library
             Test Protocol Number: TP1560

    Research Notes:
       Background: Migraine Treatment Centers of America offers an innovative
       long-term migraine treatment solution to people suffering from migraines.

       Goal: To increase leads from the website

       Primary Research Question: Which value exchange strategy will result in a
       higher conversion rate?

       Approach: A/b multifactor split




4
Experiment: Version A


    The control landing
    page casts a broad
    net and attempts to
    bridge all content to
    action connection
    with a single
    message and CTA.




5
Experiment: Version B


    The treatment
    accounts for
    three major lead
    types with three
    evenly weighted
    columns.




6
Experiment: Side-by-side
        Version A          Version B




                                   7

7
Experiment: Results

            331% Increase in lead rate
            The Treatment generated 330.6% more conversions than the Control


                                                                               Stat.
                Version                        CR          Rel. diff
                                                                               Conf
    Version A                                 1.6%              -                -
    Version B                                 7.0%          330.6%               99%


     What Youto action to the thought sequence ofthe content
      and calls
                Need to Understand: By matching
                                                   the three
       primary prospect types, Version B generated a 331%
       higher conversion rate than the control.

8
What made this   Version B

approach so
successful?




9
What we discovered

F     Key Principles

     1. Too often, marketers take a rule based approach
        to marketing their content




10
Rules vs. Science

          Rule-based                          Science-based
                                        vs.
         Optimization                         Optimization

                                                   Practice
     •   Emphasize hero shots
     •   Keep it above the fold
     •   Avoid too much copy                     Methodology
     •   Emphasize the Benefits
     •   Don’t use reverse text
     •   Don’t rely too much on Flash
     •   Implement basket recovery emails
                                                 Meta-theory
     •   Avoid auto-on audio




11
What we discovered

F     Key Principles

     1. Too often, marketers take a rule based approach
        to marketing their content

     2. To find gains when rules don’t work, a scientific
        approach is needed




12
Offer Response Optimization
A SHOPPING EXPERIENCE
A Shopping Experience




14
The Result




15
A Common Problem




16
The MECLABS Conversion Index


                                                        ©
           C = 4m + 3v + 2(i-f) - 2a
            Wherein:
            C = Probability of conversion
            m = Motivation of user
            v = Clarity of the value proposition
            i = Incentive (additional) to take action
            f = Friction elements present
            a = Anxiety elements present

17
Perceived Value Exchange

                           Perceived
                             Cost


     Perceived
       Value




18
Motivation
EXPERIMENT
Experiment: Background

             Experiment ID: NAS Content Approach
              Location: MarketingExperiments Research Library
              Test Protocol Number: TP40XX

     Research Notes:
        Background: Medical provider specializing in treating chronic back pain. They
        are the sole providers of a minimally invasive, innovative pain management
        procedure.

        Goal: To plan a content marketing strategy based on the copy focus that
        generates the most appeal in condition-based searchers.

        Primary Research Question: Which content focus (copy) will achieve a higher
        clickthrough rate?

        Approach: A/B Multifactor Split Test


20
Treatments
      Back Pain Resources                  Causes & Solutions

      [Condition] Sufferer?                [Condition] Sufferer?
      Free access to back pain resources   Learn about the causes & solutions,
      from the experts in spine health.    from the experts in spine health.
      NorthAmericanSpine.com/[condition]   NorthAmericanSpine.com/[condition]


      Symptoms                             Treatment Options

      [Condition] Sufferer?                [Condition] Sufferer?
      How to recognize the symptoms,       Compare available treatments,
      from the experts in spine health.    from the experts in spine health.
      NorthAmericanSpine.com/[condition]   NorthAmericanSpine.com/[condition]




21
Results
        T1: Back Pain Resources                   T2: Treatment Options
 [Condition] Sufferer?                       [Condition] Sufferer?
 Free access to back pain resources          Compare available treatments,
 from the experts in spine health.           from the experts in spine health.
 NorthAmericanSpine.com/[condition]          NorthAmericanSpine.com/[condition]


       T3: Causes and Solutions                  T4: Recognize Symptoms
 [Condition] Sufferer?                       [Condition] Sufferer?
 Learn about the causes & solutions,         How to recognize the symptoms,
 from the experts in spine health.           from the experts in spine health.
 NorthAmericanSpine.com/[condition]          NorthAmericanSpine.com/[condition]



                What You Need to Understand
        !       We discovered that the symptom copy focus recorded a
                99.7% relative increase in click-through rate
22
What we discovered

F     Key Principles

     1. Prospect motivation cannot be determined…it must be
        discovered

     2. Motivation has the highest coefficient because it is the most
        important deciding factor in the sales process.

     3. Prospect motivation can be based upon
         1) internal motivations of the prospect and
         2) external events surrounding a prospect



23
Motivation

 Internal Relevance         External Relevance
 •   Personal interests     •   Seasonality
 •   Demographics           •   Special discounts
 •   Shopping habits        •   Limited-time offers
 •   Personality            •   News events
 •   Communication styles   •   Competitive initiatives
 •   Level of engagement
Clarity of the Value Proposition
EXPERIMENT
Experiment #2: Background

             Experiment ID: NAS Content Approach
              Location: MarketingExperiments Research Library
              Test Protocol Number: TP4068

     Research Notes:
        Background: Medical provider specializing in treating chronic back pain. They
        are the sole providers of a minimally invasive, innovative pain management
        procedure.

        Goal: To determine which presentation of the content focus will result in the
        greatest measurable interest (click-through)

        Primary Research Question: Which presentation will achieve a higher
        clickthrough rate?

        Approach: A/B Multifactor Split Test


26
Control       Bulging Disc Treatment
              Read about our 30-minute treatment
              for bulging disc back pain relief.
Ad Template   NorthAmericanSpine.com/Bulging_Disc

              Herniated Disc Treatment
              Herniated Disc? You Have Options.
              Ask Our Experts About AccuraScope™.
              NorthAmericanSpine.com

              Proven Sciatica Treatment
              Relieve Sciatica Nerve Pain with
              Our Unrivaled 30-Minute Procedure.
              NorthAmericanSpine.com/Sciatica

              Pinched Nerve Treatment
              New 30-Minute Procedure, Reclaim
              Your Life From Pinched Nerve Pain.
              NorthAmericanSpine.com/PinchedNerve

              Relief From Back Pain
              Read about our 30-minute treatment
              for total freedom from back pain!
              NorthAmericanSpine.com

              Degenerative Disc Disease
              Relieve Degenerative Disc Pain w/
              Our Unrivaled Revolutionary Program
              NorthAmericanSpine.com/Degenerative
Version A                        Bulging Disc Symptoms
                                 Read about our 30-minute treatment
                                 for bulging disc back pain relief.
                                 NorthAmericanSpine.com/Bulging_Disc
What we will learn:
                                 Herniated Disc Symptoms
• The effect of the symptoms     Herniated Disc? You Have Options.
                                 Ask Our Experts About AccuraScope™.
  content approach in the        NorthAmericanSpine.com
  headline only                  Sciatica Symptoms
                                 Relieve Sciatica Nerve Pain with
                                 Our Unrivaled 30-Minute Procedure.
                                 NorthAmericanSpine.com/Sciatica
What has changed
                                 Pinched Nerve Symptoms
• ‘Symptoms’ added to headline   New 30-Minute Procedure, Reclaim
                                 Your Life From Pinched Nerve Pain.
  with the specific condition    NorthAmericanSpine.com/PinchedNerve
  searched for                   Lumbar Back Pain Symtpoms
                                 Read about our 30-minute treatment
                                 for total freedom from back pain!
                                 NorthAmericanSpine.com
Bulging Disc Treatment
                                       Read about Bulging Disc Symptoms
Version B                              and see how our experts can help!
                                       NorthAmericanSpine.com/Bulging_Disc

                                       Herniated Disc Treatment
What we will learn:                    Read about Herniated Disc Symptoms
                                       and see how our experts can help!

• The effect of the symptoms content   NorthAmericanSpine.com

                                       Proven Sciatica Treatment
  approach in the description only     Read about Pinched Nerve Symptoms
                                       and see how our experts can help!
                                       NorthAmericanSpine.com/Sciatica

What has changed                       Pinched Nerve Treatment
                                       Read about Pinched Nerve Symptoms
• Description uses the symptoms        and see how our experts can help!
                                       NorthAmericanSpine.com/PinchedNerve
  content approach with the specific
                                       Relief From Back Pain
  condition searched for               Read about Back Pain Symptoms
                                       and see how our experts can help!
                                       NorthAmericanSpine.com

                                       Degenerative Disc Disease
                                       Read how our spine experts can help
                                       relieve Degenerative Disc Symptoms!
                                       NorthAmericanSpine.com/Degenerative
Version C                             Bulging Disc Symptoms
                                      Read about Bulging Disc Symptoms
                                      and see how our experts can help!
                                      NorthAmericanSpine.com/Bulging_Disc
What we will learn:
                                      Herniated Disc Symptoms
• The effect of the symptoms          Read about Herniated Disc Symptoms
                                      and see how our experts can help!
  content approach in both the        NorthAmericanSpine.com

  headline + description              Sciatica Symptoms
                                      Read about Pinched Nerve Symptoms
                                      and see how our experts can help!
                                      NorthAmericanSpine.com/Sciatica
What has changed
                                      Pinched Nerve Symptoms
• Both headline and description use   Read about Pinched Nerve Symptoms
                                      and see how our experts can help!
  symptoms content approach, while    NorthAmericanSpine.com/PinchedNerve

  staying specific to the condition   Lumbar Back Pain Symptoms
  searched for                        Read about Back Pain Symptoms
                                      and see how our experts can help!
                                      NorthAmericanSpine.com
[Condition] Symptoms
Experiment: Results                                           Read about [Condition] Symptoms
                                                              and see how our experts can help!
                                                              NorthAmericanSpine.com/[Condition]


           40.3% Increase in click through
               Version C generated 40.3% more click throughs than the Control


                    Version                        CTR          Rel. diff       Stat. Conf

     Control                                      0.28%              -               -
     Version A (headline)                         0.26%            -7%                   99%
     Version B (description)                      0.21%           -25%                   99%
     Version C (headline & description)          0.39%          40.3%                    99%


      What You Need to Understand: The symptom content approach has
       the greatest clarity when it is used in both the headline and
         description for visitors conducting condition-based searches

31
What we discovered




32
Value Proposition Question




     If I am your ideal prospect, why should I
           buy from you rather than your
                    competitors?




33
The Force of a Value Proposition

F     Key Principles
     1. The force of a value proposition can be measured by
        four essential elements of the offer:

         • Appeal – How much do I desire this offer?

         • Exclusivity – Where else can I get this offer?

         • Credibility – Can I trust your claims?

         • Clarity – What are you actually offering?


34
Incentive
KEY CONCEPTS
Incentive



     ABANDON                                             COMPLETION


               Friction Elements            Incentives




Ideal Incentive: Incentives must be tested. There is an “ideal
incentive.”

Until you find an incentive that gives you a major ROI
increase, you must assume you have not yet found the ideal
incentive.
Friction
KEY CONCEPTS
Friction

F     Key Principles

     Two common elements that create Friction:
       1. Length
       2. Difficulty

     Friction is also generated by pages and processes
     that do not match a proper thought sequence.

     Therefore, the message must be specifically crafted
     to synchronize to the decision patterns of the
     recipient
38
Friction: Example 1
         Not this…    …but this




39
Friction: Example 1
         Not this…    …but this




                        47%
                        IN CONVERSION




40
Friction: Example 2

      Not this…       …but this




41
Friction: Example 2

      Not this…       …but this




                                  93%
                                  IN CONVERSION




42
Friction: Example 3
                      …but this

       Not this…




43
Friction: Example 3
                      …but this

       Not this…




                          81%
                          IN CONVERSION




44
Anxiety
EXPERIMENT
Experiment: Anxiety


     
            Experiment ID: New York Times
            Location: MarketingExperiments Research Library


 Research Notes:
      Background: The New York Times came to us with a subscription
      product that they were having difficulty marketing called the “Electronic
      Edition”

      Goal: To increase the number of subscriptions for the “Electronic
      Edition”

      Primary research question: Which page design will generate the most
      subscriptions?

      Approach: A/B split test (variable cluster)
46
Experiment: Control
                                 The primary cause of anxiety
                                 for this page is that this is a
                                 paid up-front service which
                                 prominently displays the
                                 price with a de-emphasized
                                 free trial offer.
                      Original




47
Experiment: Treatment
                              To relieve anxiety we changed all
                              offers to the lowest risk free trial
                              offering and de-emphasized the
                              price of the paid subscription.
                         Optimized




48
Experiment: Results

          541% Increase in conversions
            Treatment 1 generated 541.6% more conversions than the Control


                 Original                                  Optimized




49
Anxiety

F        Key Principles

     1. Anxiety is just as lethal (and growing) to conversion as
        friction.
     2. If you think about mitigating anxiety in rational terms, you
        are likely to fail in your efforts. Though anxiety often is
        stimulated by a legitimate concern, its degree/impact is often
        disproportionate to the measure of risk.
     3. Anxiety is also localized in the buy process. It is closely
        associated with the geography of the page.


50
Concepts
REVIEW
The MECLABS Conversion Index


                                                        ©
           C = 4m + 3v + 2(i-f) - 2a
            Wherein:
            C = Probability of conversion
            m = Motivation of user
            v = Clarity of the value proposition
            i = Incentive (additional) to take action
            f = Friction elements present
            a = Anxiety elements present

52
Methodology Review

• To get more

• You need to increase perceived value

• And decrease perceived cost            Perceived
                                           Cost


   Perceived
     Value
Session Speaker
                  Jon Powell
                  Marketing and Sales Funnel Optimization
                  MECLABS
                  A testing and optimization veteran with hands-on experience
                  gained through managing hundreds of A/B and multivariate tests
                  for ecommerce, healthcare, financial, and education Research
                  Partners and clients. Jon studies prospects, products and
                  processes to help organizations strategically write themselves in
                  the stories of those that interact with them.

@JonPowell31      Recent test highlights:

                  331% increase healthcare search traffic lead conversion rate
                  672% increase education program site applications
                  129% increase education program browsing lead conversions
Offer Response Optimization
 Learn how to replicate a 331% lift in
 your own inbound marketing efforts

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Offer Response Optimization: 331% Increase in Lead Conversion Through Value Exchange Segmentation

  • 1. Offer Response Optimization Learn how to replicate a 331% lift in your own inbound marketing efforts
  • 2. Session Speaker Jon Powell Marketing and Sales Funnel Optimization MECLABS A testing and optimization veteran with hands-on experience gained through managing hundreds of A/B and multivariate tests for ecommerce, healthcare, financial, and education Research Partners and clients. Jon studies prospects, products and processes to help organizations strategically write themselves in the stories of those that interact with them. @JonPowell31 Recent test highlights: 331% increase healthcare search traffic lead conversion rate 672% increase education program site applications 129% increase education program browsing lead conversions
  • 4. Background and Test Design  Experiment ID: MTCA Microsite Test Location: MarketingExperiments Research Library Test Protocol Number: TP1560 Research Notes: Background: Migraine Treatment Centers of America offers an innovative long-term migraine treatment solution to people suffering from migraines. Goal: To increase leads from the website Primary Research Question: Which value exchange strategy will result in a higher conversion rate? Approach: A/b multifactor split 4
  • 5. Experiment: Version A The control landing page casts a broad net and attempts to bridge all content to action connection with a single message and CTA. 5
  • 6. Experiment: Version B The treatment accounts for three major lead types with three evenly weighted columns. 6
  • 7. Experiment: Side-by-side Version A Version B 7 7
  • 8. Experiment: Results 331% Increase in lead rate The Treatment generated 330.6% more conversions than the Control Stat. Version CR Rel. diff Conf Version A 1.6% - - Version B 7.0% 330.6% 99%  What Youto action to the thought sequence ofthe content and calls Need to Understand: By matching the three primary prospect types, Version B generated a 331% higher conversion rate than the control. 8
  • 9. What made this Version B approach so successful? 9
  • 10. What we discovered F Key Principles 1. Too often, marketers take a rule based approach to marketing their content 10
  • 11. Rules vs. Science Rule-based Science-based vs. Optimization Optimization Practice • Emphasize hero shots • Keep it above the fold • Avoid too much copy Methodology • Emphasize the Benefits • Don’t use reverse text • Don’t rely too much on Flash • Implement basket recovery emails Meta-theory • Avoid auto-on audio 11
  • 12. What we discovered F Key Principles 1. Too often, marketers take a rule based approach to marketing their content 2. To find gains when rules don’t work, a scientific approach is needed 12
  • 13. Offer Response Optimization A SHOPPING EXPERIENCE
  • 17. The MECLABS Conversion Index © C = 4m + 3v + 2(i-f) - 2a Wherein: C = Probability of conversion m = Motivation of user v = Clarity of the value proposition i = Incentive (additional) to take action f = Friction elements present a = Anxiety elements present 17
  • 18. Perceived Value Exchange Perceived Cost Perceived Value 18
  • 20. Experiment: Background  Experiment ID: NAS Content Approach Location: MarketingExperiments Research Library Test Protocol Number: TP40XX Research Notes: Background: Medical provider specializing in treating chronic back pain. They are the sole providers of a minimally invasive, innovative pain management procedure. Goal: To plan a content marketing strategy based on the copy focus that generates the most appeal in condition-based searchers. Primary Research Question: Which content focus (copy) will achieve a higher clickthrough rate? Approach: A/B Multifactor Split Test 20
  • 21. Treatments Back Pain Resources Causes & Solutions [Condition] Sufferer? [Condition] Sufferer? Free access to back pain resources Learn about the causes & solutions, from the experts in spine health. from the experts in spine health. NorthAmericanSpine.com/[condition] NorthAmericanSpine.com/[condition] Symptoms Treatment Options [Condition] Sufferer? [Condition] Sufferer? How to recognize the symptoms, Compare available treatments, from the experts in spine health. from the experts in spine health. NorthAmericanSpine.com/[condition] NorthAmericanSpine.com/[condition] 21
  • 22. Results T1: Back Pain Resources T2: Treatment Options [Condition] Sufferer? [Condition] Sufferer? Free access to back pain resources Compare available treatments, from the experts in spine health. from the experts in spine health. NorthAmericanSpine.com/[condition] NorthAmericanSpine.com/[condition] T3: Causes and Solutions T4: Recognize Symptoms [Condition] Sufferer? [Condition] Sufferer? Learn about the causes & solutions, How to recognize the symptoms, from the experts in spine health. from the experts in spine health. NorthAmericanSpine.com/[condition] NorthAmericanSpine.com/[condition] What You Need to Understand ! We discovered that the symptom copy focus recorded a 99.7% relative increase in click-through rate 22
  • 23. What we discovered F Key Principles 1. Prospect motivation cannot be determined…it must be discovered 2. Motivation has the highest coefficient because it is the most important deciding factor in the sales process. 3. Prospect motivation can be based upon 1) internal motivations of the prospect and 2) external events surrounding a prospect 23
  • 24. Motivation Internal Relevance External Relevance • Personal interests • Seasonality • Demographics • Special discounts • Shopping habits • Limited-time offers • Personality • News events • Communication styles • Competitive initiatives • Level of engagement
  • 25. Clarity of the Value Proposition EXPERIMENT
  • 26. Experiment #2: Background  Experiment ID: NAS Content Approach Location: MarketingExperiments Research Library Test Protocol Number: TP4068 Research Notes: Background: Medical provider specializing in treating chronic back pain. They are the sole providers of a minimally invasive, innovative pain management procedure. Goal: To determine which presentation of the content focus will result in the greatest measurable interest (click-through) Primary Research Question: Which presentation will achieve a higher clickthrough rate? Approach: A/B Multifactor Split Test 26
  • 27. Control Bulging Disc Treatment Read about our 30-minute treatment for bulging disc back pain relief. Ad Template NorthAmericanSpine.com/Bulging_Disc Herniated Disc Treatment Herniated Disc? You Have Options. Ask Our Experts About AccuraScope™. NorthAmericanSpine.com Proven Sciatica Treatment Relieve Sciatica Nerve Pain with Our Unrivaled 30-Minute Procedure. NorthAmericanSpine.com/Sciatica Pinched Nerve Treatment New 30-Minute Procedure, Reclaim Your Life From Pinched Nerve Pain. NorthAmericanSpine.com/PinchedNerve Relief From Back Pain Read about our 30-minute treatment for total freedom from back pain! NorthAmericanSpine.com Degenerative Disc Disease Relieve Degenerative Disc Pain w/ Our Unrivaled Revolutionary Program NorthAmericanSpine.com/Degenerative
  • 28. Version A Bulging Disc Symptoms Read about our 30-minute treatment for bulging disc back pain relief. NorthAmericanSpine.com/Bulging_Disc What we will learn: Herniated Disc Symptoms • The effect of the symptoms Herniated Disc? You Have Options. Ask Our Experts About AccuraScope™. content approach in the NorthAmericanSpine.com headline only Sciatica Symptoms Relieve Sciatica Nerve Pain with Our Unrivaled 30-Minute Procedure. NorthAmericanSpine.com/Sciatica What has changed Pinched Nerve Symptoms • ‘Symptoms’ added to headline New 30-Minute Procedure, Reclaim Your Life From Pinched Nerve Pain. with the specific condition NorthAmericanSpine.com/PinchedNerve searched for Lumbar Back Pain Symtpoms Read about our 30-minute treatment for total freedom from back pain! NorthAmericanSpine.com
  • 29. Bulging Disc Treatment Read about Bulging Disc Symptoms Version B and see how our experts can help! NorthAmericanSpine.com/Bulging_Disc Herniated Disc Treatment What we will learn: Read about Herniated Disc Symptoms and see how our experts can help! • The effect of the symptoms content NorthAmericanSpine.com Proven Sciatica Treatment approach in the description only Read about Pinched Nerve Symptoms and see how our experts can help! NorthAmericanSpine.com/Sciatica What has changed Pinched Nerve Treatment Read about Pinched Nerve Symptoms • Description uses the symptoms and see how our experts can help! NorthAmericanSpine.com/PinchedNerve content approach with the specific Relief From Back Pain condition searched for Read about Back Pain Symptoms and see how our experts can help! NorthAmericanSpine.com Degenerative Disc Disease Read how our spine experts can help relieve Degenerative Disc Symptoms! NorthAmericanSpine.com/Degenerative
  • 30. Version C Bulging Disc Symptoms Read about Bulging Disc Symptoms and see how our experts can help! NorthAmericanSpine.com/Bulging_Disc What we will learn: Herniated Disc Symptoms • The effect of the symptoms Read about Herniated Disc Symptoms and see how our experts can help! content approach in both the NorthAmericanSpine.com headline + description Sciatica Symptoms Read about Pinched Nerve Symptoms and see how our experts can help! NorthAmericanSpine.com/Sciatica What has changed Pinched Nerve Symptoms • Both headline and description use Read about Pinched Nerve Symptoms and see how our experts can help! symptoms content approach, while NorthAmericanSpine.com/PinchedNerve staying specific to the condition Lumbar Back Pain Symptoms searched for Read about Back Pain Symptoms and see how our experts can help! NorthAmericanSpine.com
  • 31. [Condition] Symptoms Experiment: Results Read about [Condition] Symptoms and see how our experts can help! NorthAmericanSpine.com/[Condition] 40.3% Increase in click through Version C generated 40.3% more click throughs than the Control Version CTR Rel. diff Stat. Conf Control 0.28% - - Version A (headline) 0.26% -7% 99% Version B (description) 0.21% -25% 99% Version C (headline & description) 0.39% 40.3% 99%  What You Need to Understand: The symptom content approach has the greatest clarity when it is used in both the headline and description for visitors conducting condition-based searches 31
  • 33. Value Proposition Question If I am your ideal prospect, why should I buy from you rather than your competitors? 33
  • 34. The Force of a Value Proposition F Key Principles 1. The force of a value proposition can be measured by four essential elements of the offer: • Appeal – How much do I desire this offer? • Exclusivity – Where else can I get this offer? • Credibility – Can I trust your claims? • Clarity – What are you actually offering? 34
  • 36. Incentive ABANDON COMPLETION Friction Elements Incentives Ideal Incentive: Incentives must be tested. There is an “ideal incentive.” Until you find an incentive that gives you a major ROI increase, you must assume you have not yet found the ideal incentive.
  • 38. Friction F Key Principles Two common elements that create Friction: 1. Length 2. Difficulty Friction is also generated by pages and processes that do not match a proper thought sequence. Therefore, the message must be specifically crafted to synchronize to the decision patterns of the recipient 38
  • 39. Friction: Example 1 Not this… …but this 39
  • 40. Friction: Example 1 Not this… …but this 47% IN CONVERSION 40
  • 41. Friction: Example 2 Not this… …but this 41
  • 42. Friction: Example 2 Not this… …but this 93% IN CONVERSION 42
  • 43. Friction: Example 3 …but this Not this… 43
  • 44. Friction: Example 3 …but this Not this… 81% IN CONVERSION 44
  • 46. Experiment: Anxiety  Experiment ID: New York Times Location: MarketingExperiments Research Library Research Notes: Background: The New York Times came to us with a subscription product that they were having difficulty marketing called the “Electronic Edition” Goal: To increase the number of subscriptions for the “Electronic Edition” Primary research question: Which page design will generate the most subscriptions? Approach: A/B split test (variable cluster) 46
  • 47. Experiment: Control The primary cause of anxiety for this page is that this is a paid up-front service which prominently displays the price with a de-emphasized free trial offer. Original 47
  • 48. Experiment: Treatment To relieve anxiety we changed all offers to the lowest risk free trial offering and de-emphasized the price of the paid subscription. Optimized 48
  • 49. Experiment: Results 541% Increase in conversions Treatment 1 generated 541.6% more conversions than the Control Original Optimized 49
  • 50. Anxiety F Key Principles 1. Anxiety is just as lethal (and growing) to conversion as friction. 2. If you think about mitigating anxiety in rational terms, you are likely to fail in your efforts. Though anxiety often is stimulated by a legitimate concern, its degree/impact is often disproportionate to the measure of risk. 3. Anxiety is also localized in the buy process. It is closely associated with the geography of the page. 50
  • 52. The MECLABS Conversion Index © C = 4m + 3v + 2(i-f) - 2a Wherein: C = Probability of conversion m = Motivation of user v = Clarity of the value proposition i = Incentive (additional) to take action f = Friction elements present a = Anxiety elements present 52
  • 53. Methodology Review • To get more • You need to increase perceived value • And decrease perceived cost Perceived Cost Perceived Value
  • 54. Session Speaker Jon Powell Marketing and Sales Funnel Optimization MECLABS A testing and optimization veteran with hands-on experience gained through managing hundreds of A/B and multivariate tests for ecommerce, healthcare, financial, and education Research Partners and clients. Jon studies prospects, products and processes to help organizations strategically write themselves in the stories of those that interact with them. @JonPowell31 Recent test highlights: 331% increase healthcare search traffic lead conversion rate 672% increase education program site applications 129% increase education program browsing lead conversions
  • 55. Offer Response Optimization Learn how to replicate a 331% lift in your own inbound marketing efforts