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Sitebrand > 2008 > July
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Sitebrand Talks

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For our customers, working with Sitebrand is pretty exciting.  Frankly, any site specific optimization initiative is exciting, because most marketers have historically been blocked out of the website by technical/political barriers, and optimization allows them much greater control over their conversion rates and sales.  Because of this excitement (and the associated results) there has been rapid growth in visibility and adoption of optimization as an online marketing practice.

In my last post I referenced a few points on Online Optimization, specifically goal setting and the difference between optimizing the look of the store and the dialog with the visitor.

Because of discussions I have had about this particular post, I thought I would add another ‘best practice’ point that is critical to the longterm success of any optimization initiative.

Don’t boil the ocean.

While this is a straightforward and somewhat obvious statement, it can get lost in the initial excitement of optimization. (Note: if you work in eMarketing and don’t think site optimization is exciting, you will soon)

Per point one in my last post, you need a defined goal to start an optimization initiative.  Alongside that goal, you need to start with a tightly defined plan to achieve that goal.  So for example if you want to minimize the bounce rate of California visitors on your homepage, you can run a targeted piece of content to 50% of your Cali. Visitors for a one month period, and compare the two bounce rates.

Will an entire California page work better?  Maybe, even probably, but how can you really prove which message on the page had the most impact?  This will be important when you are showing your results to the top of the org chart and asking for additional optimization budget.

Shane Atchison of ZAAZ speaks directly to this concept in his great “Web Analytics intervention” series on ClickZ.  Look at Point 5 in part 2 of the series. (Click here for column)

Lily Chiu at Omniture speaks to this issue as well in a recent post.  As a real estate optimization vendor, Omniture knows the importance of transparent results and encourages starting with small changes that show clear impact, like changing a green button to a red one.

As a vendor that optimizes dialog with a targeted visitor segment, Sitebrand makes similar recommendations.  If you say fifty different targeted messages to fifty different segments, some of which overlap mid-session, how will you know which ones work well?  Moreoever, how will you know which ones work well together?

The purpose of starting small in the initial short term is not to minimize your results, it is to provide the required clarity in a murky web metrics world to ensure that you can grow your optimization plans in the long term.  The upside is that your initial requirements are smaller, and your long term payoff is larger.

Cheers,

Jim

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Cash or credit?I’m often ranting about the need for online retailers to leverage what consumers know and love from the brick and mortar world. In many cases, it’s simply service – knowing and serving the right products or offers at the right time. So let’s assume a customized online experience delivers service to the max and now there’s a cart full of products.

At this point, we must consider payment options and what consumers want…

When you go to a traditional brick and mortar store, consumers have a choice when it comes to payment – i.e. pay with cash, credit or debit. But what happens online? All too often, the comfort of a cash alternative is missing. And for consumers who are concerned about security online, it’s often the reason they abandon the cart. Sure they could jump ship due to crazy high shipping fees or sheer guilt since it’s a cart full of those nice to have/don’t need purchases…but it often comes down to perceived security risks associated with credit card payments.

Here’s the bottom line – according to Jupiter Research, 68% of consumers who use credit cards online have no idea about their liability! This in turn causes them to be unsure, hesitate and often abandon the cart.

Enter personalization a la “we know you’re nervous, but don’t go because we offer cash alternatives to credit payments!” and you’ve got a new song to sing. Imagine this world for a minute. Isn’t it logical to think that this gentle reminder of an easy payment alternative - that’s in the comfort zone of most everyone on the planet - might just build the confidence of this potential online shopper. And for the merchant who almost lost the sale, this would translate into to boosted conversion rates as well. 

As part of our new podcast series, I recently had the pleasure of speaking with Samer Forzley, VP Marketing, at eBillMe who just happens to offer this very type of cash alternative payment solution which enables consumers to cash via online banking. In the quest for continually boosting online conversion, eBillMe and Sitebrand are in discussions on how to build best of breed campaigns where cart abandonment meets personalization and alternative payment options…stay tuned for that or tell us your thoughts.

Anyhow, for a deeper understanding, take a few minutes and listen to the podcast

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