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Profitable ‘A-ha!’ moments everyday.

Learn from failed A/B tests to create winning results

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Page 1: Learn from failed A/B tests to create winning results

Profitable ‘A-ha!’ moments everyday.™

Page 2: Learn from failed A/B tests to create winning results

THE CONNECTED CONVERSION OPTIMIZATION PLATFORM

Page 3: Learn from failed A/B tests to create winning results

Keep up with the new platform at vwo.com/evolution

Page 4: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

Tweet this: @chrisgoward #Awesome

Learn From Failed A/B Tests to Create Winning Results

How to Turn Losses into Wins

Page 5: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

Tweet this: @chrisgoward #Awesome

Before we get started. . .

• This presentation deck and recording will be available to you after the webinar

• Use the General Chat panel to ask questions or make comments in real time

• Stay to the end for the chance to win a free digital copy of You Should Test That! Type question here

Page 6: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

Tweet to: @chrisgoward #Awesome

One of you will win the book today.

Get a free chapter at: YouShouldTestThat.com

Page 7: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

Tweet this: @chrisgoward #Awesome

• Developed the LIFT Model®, PIE Framework, and Infinity Optimization Process™

• Keynotes at conferences and seminars around the world

• Author of You Should Test That!Get a free chapter at: YouShouldTestThat.com

Chris GowardFounder & CEO, WiderFunnel

Page 8: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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23.4% more orders for IBM Softlayer servers

Page 9: Learn from failed A/B tests to create winning results

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40.5% more ink subscriptions for HP Instant Ink

Page 10: Learn from failed A/B tests to create winning results

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115% more qualified leads for Magento Enterprise

Page 11: Learn from failed A/B tests to create winning results

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210% lead generation lift for Equity Trust

Page 12: Learn from failed A/B tests to create winning results

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$1 million per month additional revenue for BuildDirect.com

Page 13: Learn from failed A/B tests to create winning results

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Page 14: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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But not all tests are winners, right?

Page 15: Learn from failed A/B tests to create winning results

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Page 16: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Page 17: Learn from failed A/B tests to create winning results

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Result: Both variations lost.

Var A Var B

Page 18: Learn from failed A/B tests to create winning results

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Page 19: Learn from failed A/B tests to create winning results

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But! The experimental design delivered valuable insights.

Page 20: Learn from failed A/B tests to create winning results

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Var A Var B

Page 21: Learn from failed A/B tests to create winning results

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Clarity: Shoppers want to refine their results by color.

..but, inconsistent use of “color” and “palette”creates cognitive load.

Page 22: Learn from failed A/B tests to create winning results

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There are no losing experiments......if you use the right experiment process.

Page 23: Learn from failed A/B tests to create winning results

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?

Page 24: Learn from failed A/B tests to create winning results

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?

A B C

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Page 26: Learn from failed A/B tests to create winning results

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?

A B C

15.6% Lift 9.8% Lift23.6% Lift

Page 27: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Great results aren’t random

The right process makes magic happen.

Page 28: Learn from failed A/B tests to create winning results

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Infinity Optimization Process

Page 29: Learn from failed A/B tests to create winning results

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A B C ê 7.7%é 0.6%

Page 30: Learn from failed A/B tests to create winning results

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A B C

Page 31: Learn from failed A/B tests to create winning results

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A B C é 14.1%é 8.9%

?

Page 32: Learn from failed A/B tests to create winning results

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ValidateDesign of Experiments is used to maximize the growth and insights results from experiments.

Page 33: Learn from failed A/B tests to create winning results

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Your challenge: Balance results and insights

Page 34: Learn from failed A/B tests to create winning results

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Unless you have infinite traffic...You can't isolate every variable - tests will take too long.

You can't only test one variation - you'll learn nothing.

You can find the ideal balance with Design of Experiments.

Page 35: Learn from failed A/B tests to create winning results

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The results and insights spectrum

Results Insights

A/B Multivariate

Page 36: Learn from failed A/B tests to create winning results

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The results and insights spectrum

Results Insights

A/B MultivariateFractional factorial

Page 37: Learn from failed A/B tests to create winning results

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Why is this important?

Page 38: Learn from failed A/B tests to create winning results

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It allows you to gain important insights.

Page 39: Learn from failed A/B tests to create winning results

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Use Factorial Testing to understand your customers’ psychology

Page 40: Learn from failed A/B tests to create winning results

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Page 41: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Page 42: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Infinity Optimization Process

Page 43: Learn from failed A/B tests to create winning results

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Explore

Web analytics – done right – can feed insights into user experience hypotheses.

Page 44: Learn from failed A/B tests to create winning results

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Conversion Rate: -2.23%Revenue  per  visitor: -2.95%

Page 45: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Page 46: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Conversion Rate: -9.97%Average  Donation: +1.57%Revenue  per  visitor: -8.55%

Page 47: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Ikea effect

Consumers place a

disproportionately high value on

products they partially create.

Could interacting with the slider

create a sense of ownership of

the donation?

Page 48: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Explore

Your visitors convert in their minds before they convert with their click.

Page 49: Learn from failed A/B tests to create winning results

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#AlternativeFacts

Page 50: Learn from failed A/B tests to create winning results

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Loss Aversion

Studies have shown that losing

an amount is twice as

psychologically powerful as

gaining the same amount.

- Amos Tversky and Daniel Kahneman

Page 51: Learn from failed A/B tests to create winning results

© 2007-2017 WiderFunnel Marketing Inc.

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Conversion Rate: +2.04%Average  Donation: +5.94%Revenue  per  visitor: +8.01%

Page 52: Learn from failed A/B tests to create winning results

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Consistency Principle

We like to keep consistent with

what we think, say and do, and will

change to ensure this is so.

- Cialdini, Influence.

Page 53: Learn from failed A/B tests to create winning results

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Page 54: Learn from failed A/B tests to create winning results

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Page 55: Learn from failed A/B tests to create winning results

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Conversion Rate: +1.97%Average donation value: +3.07%Revenue per visitor: +5.10%

Page 56: Learn from failed A/B tests to create winning results

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SelectedRegular donor

Selected  Occasional

donor

Selected  First-time

donor

Did not select an option

14% of visitors68% of donors

86% of visitors32% of donors

Page 57: Learn from failed A/B tests to create winning results

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Now, we’re building on these insights to deliver Personalized data-informed experiences.

Page 58: Learn from failed A/B tests to create winning results

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Q&A àOr email: [email protected]

Page 59: Learn from failed A/B tests to create winning results

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Want new ideas to spark your testing program?

Download the new graphical cheat-sheet with 17 new A/B test ideas:

WiderFunnel.com/17ideas

Email your questions to: [email protected]

Page 60: Learn from failed A/B tests to create winning results

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Thank You!You will receive a recording of the webinar

in the next few days.

Page 61: Learn from failed A/B tests to create winning results

Profitable ‘A-ha!’ moments everyday.™