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Thursday, November 11, 2010

Join Maxymiser in NYC for a Free Night of Networking

Greetings Internet Marketing and Analytics Enthusiasts,

I'd like to invite you to a FREE networking happy hour event happening in NYC on December 1st: "Conversion Cocktails". This event will bring marketers, digital strategists and analytics experts together for a fun evening mixing networking, education and of course--cocktails!

Come network with your peers and discuss what you see as the most important marketing strategies for 2011 and beyond.

We'll also discuss how to market more effectively and improve the brand and customer experience--whether you’re in the B2C, D2C or B2B space. Learn small steps you can take to target, personalize and better optimize your digital channels, while vastly improving your marketing revenues and ROI.

Added bonus: one person will win an iPad! Find out how at the event.

I look forward to seeing you on December 1st!

Mark Simpson
Founder and President, Maxymiser, Inc.

RSVP NOW: Space is Limited!

Event Details
Wednesday December 1, 2010
6:00PM to 8:00PM
Stone Creek Pub
140 E 27th St #A
New York, NY

Cost: Free to attendees; includes beer, wine and appetizers


Wednesday, October 20, 2010

Multivariate Testing: A rebuttal

In his October 9th blog post “Multivariate Testing – Thoughts from X Change” Gary Angel of Semphonic, argues that multivariate testing (MVT) is “useless” and “routinely encourages exactly the wrong sort of testing by making it extremely difficult to build a creative hypothesis.”

This is true only if you aren’t interested in huge uplifts in conversion and revenue, while saving money by avoiding subjective content decisions.

Multivariate testing is the first step to providing customer insights for marketers to build a creative foundation that will positively impact the marketing cycle. We’ve seen our own customers painfully pour thousands of dollars and hours into website re-designs—without testing first—only to watch their conversion rates plummet. But by using live visitor data, MVT lets creative teams in on which design and content directions are or aren’t going to yield the best conversion results—and swiftly avoid high cost and high risk situations.

However, I agree with Gary when he tells readers: “Don’t even think about doing multivariate testing till you’ve created a real testing plan...” At Maxymiser, we strongly encourage every client to adopt a testing culture within their organization, and help them create a plan and roadmap designed with their brand and creative in mind.

But the strategy shouldn’t stop at multivariate testing. Today, most organizations operate a “vanilla” site—it’s not dynamic, segmented or targeted, it simply “is”. But, it is a great starting point to understand the customer, build conversion uplift and improve revenues through testing, segmentation and personalization techniques.

Segmentation targeting takes testing to the next level by enabling different varieties of content to be tested with in a certain visitor attribute groups, such as demographics, marketing source, geographical data, offline activities, etc. By displaying more relevant, engaging content for all visitors to a site, segmentation can generate even greater conversion uplift than just MVT alone.

Similarly, personalization solutions can also drive uplift in conversion rates, but again, are best utilized when coupled with a website optimized by MVT programming. Without testing and personalization in place, high volume web pages and conversion funnels are missing out on their maximum potential and revenues.

With so many top brands employing testing, segmentation and personalization to achieve website conversion improvements, produce a better online experience and stay ahead of the competition, I don’t see how any marketer could deem this technology as “useless.” After all, the data doesn’t lie.

Thursday, September 16, 2010

SEO vs. Conversion Improvement: Where Marketers’ Spend Lies [STATS]

Digital marketers around the globe continue to face the same problem: turning their site “browsers” into buyers. So, in order to understand the strategies and focus that digital marketers are using to combat these problems as web technologies evolve, we here at Maxymiser conducted a survey of 300 senior-level marketing professionals.

Traffic Barriers

When asked the primary website challenges they faced, over 40% of the respondents indicated that converting their visitors into paying customers was number one—a distant second (26%) was “driving traffic to their site”. Yet, over half of those surveyed have a majority of their budget focused on search and traffic. So why doesn’t the solution match the problem?

Another interesting tidbit: despite 39% of the respondents thinking that converting leads is more important than SEO/search, over 50% still plan to invest in search, while only 37% plan to allocate dollars to conversion management strategies. Budget constraints are indicated to be the major barrier here, but why hold back from tools that can directly generate revenue? It seems as though most marketers believe driving traffic to improved landing pages is the key to converting visitors, rather than employing tools that can dynamically improve the site as a whole.

Going Beyond Website Analytics

As it turns out, very few marketers are actually testing their website on a daily basis (only 13% in this group), if at all—37% admitted to never having run any [multivariate] testing on their website, or only analyzing results after a major redesign.

How are they keeping tabs? In our survey, almost 60% of respondents solely use basic web analytics to drive content changes and design decisions. But oddly enough, the majority (80%) think content testing and results are critical for making objective decisions to major site changes and realize even the smallest tweaks based on real data can significantly improve revenues. However, only 28% of those survey correctly guessed the website page design that produced the highest conversion rate. So, the question rises again: why aren’t they budgeting for tools to manage and improve conversion?

Pieces of the Same Puzzle: Content, SEO and Landing Pages

Even though most marketers understand what needs to be done to improve their conversion rates, they haven’t demonstrated a willingness to budget for and test their site effectively. Perhaps the real value of testing, targeting and personalizing a customer’s web experience isn’t yet obvious, or because SEO and paid search has been such a tried and true method, the shift can be scary.

But, purchasing keywords to drive traffic to an inefficient landing page or website is like putting the cart before the horse. Content optimization is a powerful way to augment SEO and SEM efforts, while improving the overall customer experience and directly generating marketing ROI. When a website uses the most effective content and design elements throughout the site (including landing pages), the cost of acquisition through search marketing is reduced, making it easier to translate clicks into lasting consumers.

For more information on this survey or how to improve your website revenues, please contact us directly.