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Maturing from
Conversion Optimisation
to Business Optimisation
#CROelite17
www.prwd.co.uk/maturitymodel
Travel & Retail Sectors Combining
Paul Rouke
Founder &
Director of Optimisation
PRWD
#CROelite17
Nathan Timmins
Marketing Director
Suntransfers.com
Optimising Suntransfers.com
#CROelite17
PRWD’s Conversion Optimisation Experience
#CROelite17
1. Why is Conversion Optimisation’s Value Limited?
2. The CRO Lightbulb Moment
3. Suntransfers in September 2016
4. The Partnership in the First 12 Months
5. Suntransfers in September 2017
6. Year 2 at Suntransfers – “Business Optimisation”
What you’ll hear today
#CROelite17
What is Conversion Optimisation (CRO)?
In internet marketing, conversion optimisation,
or conversion rate optimisation (CRO) is a system
for increasing the percentage of visitors to a
website that convert into customers, or more
generally, take any desired action on a webpage.
It is commonly referred to as CRO.
#CROelite17
11 Reasons Why The Value of CRO is Often Limited
1. CRO is seen as just a tactic, rather than a growth strategy
2. There isn’t CEO and C-suite buy-in
3. Egotism and opinion drive decisions
4. Being “customer centric” is said, not really done
5. There isn’t a multi-disciplinary team
6. There is limited understanding of statistics
7. There is limited understanding of psychology
8. The business has a siloed mentality
9. The business has a fixed mindset
10. Experimentation isn’t embedded in to company culture
11. There is no improvement model or framework in place
#CROelite17
The Butterfly Effect in Conversion Optimisation
1. Misunderstood
2. Unappreciated
3. Lack of human investment
4. Lack of user research
5. Lack of intelligence
6. Lack of integrity
7. Lack of learnings
8. Little to no impact
9. Lost faith
bit.ly/CRObutterfly
#CROelite17
The Conversion Optimisation Lightbulb Moment
We are not just running experiments to optimise for conversion & revenue…
We are introducing a mindset of customer centricity and
experimentation across the entire business
#CROelite17
The Challenge We All Have
No clear guidelines
No structure or framework
No way to measure improvements
No way to benchmark your business
It is incredibly complex to optimise a business so that they
embed customer centricity and experimentation
#CROelite17
The 4 Pillars of Conversion Optimisation Maturity
1.0 STRATEGY
& CULTURE
2.0 TOOLS
& TECHNOLOGY
3.0 PEOPLE
& SKILLS
4.0 PROCESS
& METHODOLOGY
#CROelite17
TRANSFORMATIVE
81-100
STRATEGIC
61-80
PROGRESSIVE
41-60
ASPIRING
21-40
BEGINNER
0-20
The Conversion Optimisation Maturity Model ™
#CROelite17
www.prwd.co.uk/maturitymodel
The 21 Assessment Points of the Maturity Model ™
1.0 Strategy & Culture
1.01 Core Business Strategy
1.02 Business Mindset
1.03 Senior, Influential Champion
1.04 Continuous Learning
1.05 Product-Led versus Customer-Led
2.0 Tools & Technology
2.01 Analytics Tool Configuration
2.02 Voice of Customer & Behavioural Insight
2.03 Business-wide Access to Results & Learnings
2.04 Competence Operating the Testing Platform
3.0 People & Skills
3.01 Behavioural & User Research Resource
3.02 Data & Analytics Resource
3.03 UX Design Resource
3.04 Development Resource
3.05 Experienced Lead Strategist
3.06 Understanding of Statistics
4.0 Process & Methodology
4.01 Hypothesis Development
4.02 Test Prioritisation
4.03 Test Design Process
4.04 QA & UAT Process
4.05 Test Analysis
4.06 Test Results & Learnings Report
#CROelite17
in September 2016
#CROelite17
Suntransfers vs 2017 Travel Industry Average
TRANSFORMATIVE
81-100
STRATEGIC
61-80
PROGRESSIVE
41-60
ASPIRING
21-40
BEGINNER
0-20
75%
Travel Industry Average
34%
1.0 Strategy & Culture
#CROelite17
1.01 Core Business Strategy
1.02 Business Mindset
1.03 Senior, Influential Champion
1.04 Continuous Learning
1.05 Product-Led versus Customer-Led
34%
September 2016
ASPIRING
0 50 100
2.0 Tools & Technology
#CROelite17
2.01 Analytics Tool Configuration
2.02 Voice of Customer & Behavioural Insight Tools
2.03 Business-wide Access to Experiment Results & Learnings
2.04 Competence Harnessing the Testing Platform
33%
September 2016
ASPIRING
0 50 100
3.0 People & Skills
#CROelite17
3.01 Behavioural & User Research Resource
3.02 Data & Analytics Resource
3.03 UX Design Resource
3.04 Development Resource
3.05 Experienced Lead Strategist
3.06 Understanding & Appreciation of Statistics
34%
September 2016
ASPIRING
0 50 100
Internal & External People & Skills Split
#CROelite17
Skillset
Project Management
User Research
Data Analysis
UX Design
Development
Strategy
Test Analysis
Business Modelling
September 2016
4.0 Process & Methodology
#CROelite17
4.01 Hypothesis Development
4.02 Test Prioritisation
4.03 Test Design Process
4.04 Quality Assurance & UAT
4.05 Test Analysis
4.06 Test Results & Learnings Report
36%
September 2016
ASPIRING
0 50 100
The Biggest Challenges To Overcome
1. Speed to resolve problems
2. Lack of internal resources / experience
3. Culture of senior management designing websites
4. No experience of testing
5. Lack of data or user insight
6. Little history of agency investment
7. Too many issues - where do we start?
#CROelite17
First 12 months
+
#CROelite17
Key Activities which Fuelled Growth & Mindset Change
1. In-depth 1-1 user research in months 1-2
2. Collaborative sketching & ideation in month 3
3. Engaged with the CTO to get full stack developer buy-in
4. The use of HotJar to provide intelligent, continuous feedback
5. A very bold, insight driven redesign of the mobile search form
6. Communication and collaboration with customer service team
7. Continuous JDI changes alongside simple to complex A/B tests
+
#CROelite17
+ 14% Transactions
Mobile Search Form
Major Redesign
What Led To Thinking “Business Optimisation”?
✓ Some truly fantastic test results,
providing clear evidence as to the
growth opportunities that exist
across the customer experience
✓ Wider team engagement and results
sharing, leading to the other
departments becoming experimental
✓ A recognition of the importance of
gaining continuous user feedback,
embedding customer centric
thinking
✓ A combination of both iterative and
innovative thinking, often challenging
what has been the standard business
approach to date
✓ The rapid pace of change and
momentum due to Suntransfers
having a true growth mindset
✓ An inquisitive nature both internally
and with PRWD, asking the question
“what if we started optimising this
area of the business?”
#CROelite17
The Client <> Agency Partnership
1. Mutual respect
2. Open-minded
3. Collaborative
4. Evolving
5. Trust
+
#CROelite17
Suntransfers.com KPI Impact 2016-2017
#CROelite17
-59%
FUNNEL
ABANDONMENT
+7%
CHANCE OF CONVERSION
WITHIN 2 SESSIONS
-12%
DECREASE IN PAGES PER SESSION
Arresting the Rate of CR Decline from Traffic Growth
Suntransfers.com Business Growth 2016-2017
#CROelite17
+36%
REVENUE
GROWTH
+37%
INCREASE IN TOTAL BOOKINGS
+117%
INCREASE IN MOBILE BOOKINGS
in September 2017
#CROelite17
1.0 Strategy & Culture Maturity Improvements
#CROelite17
0 50 100
1.01 Core Business Strategy
1.02 Business Mindset
1.03 Senior, Influential Champion
1.04 Continuous Learning
1.05 Product-Led versus Customer-Led
69%
September 2017
STRATEGIC
1.01 Core Business Strategy
1.02 Business Mindset
1.03 Senior, Influential Champion
1.04 Continuous Learning
1.05 Product-Led versus Customer-Led
34%
September 2016
ASPIRING
0 50 100
2.0 Tools & Technology Maturity Improvements
#CROelite17
57%
September 2017
PROGRESSIVE
2.01 Analytics Tool Configuration
2.02 Voice of Customer & Behavioural Insight Tools
2.03 Business-wide Access to Experiment Results & Learnings
2.04 Competence Harnessing the Testing Platform
33%
September 2016
ASPIRING
0 50 100
2.01 Analytics Tool Configuration
2.02 Voice of Customer & Behavioural Insight Tools
2.03 Business-wide Access to Experiment Results & Learnings
2.04 Competence Harnessing the Testing Platform
0 50 100
3.0 People & Skills Maturity Improvements
#CROelite17
65%
September 2017
STRATEGIC
3.01 Behavioural & User Research Resource
3.02 Data & Analytics Resource
3.03 UX Design Resource
3.04 Development Resource
3.05 Experienced Lead Strategist
3.06 Understanding & Appreciation of Statistics
34%
September 2016
ASPIRING
0 50 100
3.01 Behavioural & User Research Resource
3.02 Data & Analytics Resource
3.03 UX Design Resource
3.04 Development Resource
3.05 Experienced Lead Strategist
3.06 Understanding & Appreciation of Statistics
0 50 100
Internal & External People & Skills Split
#CROelite17
Skillset
Project Management
User Research
Data Analysis
UX Design
Development
Strategy
Test Analysis
Business Modelling
September 2016 September 2017
4.0 Process & Methodology Maturity Improvements
#CROelite17
62%
September 2017
STRATEGIC
4.01 Hypothesis Development
4.02 Test Prioritisation
4.03 Test Design Process
4.04 Quality Assurance & UAT
4.05 Test Analysis
4.06 Test Results & Learnings Report
36%
September 2016
ASPIRING
0 50 100
4.01 Hypothesis Development
4.02 Test Prioritisation
4.03 Test Design Process
4.04 Quality Assurance & UAT
4.05 Test Analysis
4.06 Test Results & Learnings Report
0 50 100
Year 2….
Business Optimisation
#CROelite17
Year 2 = Business Optimisation at Suntransfers.com
1. Customer service optimisation
2. My account optimisation
3. Site performance optimisation
4. Operational efficiency optimisation
5. Acquisition investment optimisation
6. Country by country optimisation
7. Seasonality optimisation
8. LTV optimisation
#CROelite17
What Potential does Conversion Optimisation have?
Conversion optimisation has the potential to establish a
mindset transformation within a business:
maturing to becoming a truly customer centric
organisation that embraces experimentation, innovation
and long term thinking to outperform their competitors
#CROelite17
1. Get your copy of the Maturity Model ™
www.prwd.co.uk/maturitymodel
2. Audit your business @ www.CROmaturityaudit.com
3. Benchmark your business
4. Identify your biggest improvement areas
5. Continue maturing your approach to CRO
The 5 top tips on the path from conversion
optimisation to business optimisation
#CROelite17

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Maturing from Conversion to Business Optimisation

  • 1. Maturing from Conversion Optimisation to Business Optimisation #CROelite17 www.prwd.co.uk/maturitymodel
  • 2. Travel & Retail Sectors Combining Paul Rouke Founder & Director of Optimisation PRWD #CROelite17 Nathan Timmins Marketing Director Suntransfers.com
  • 4. PRWD’s Conversion Optimisation Experience #CROelite17
  • 5. 1. Why is Conversion Optimisation’s Value Limited? 2. The CRO Lightbulb Moment 3. Suntransfers in September 2016 4. The Partnership in the First 12 Months 5. Suntransfers in September 2017 6. Year 2 at Suntransfers – “Business Optimisation” What you’ll hear today #CROelite17
  • 6. What is Conversion Optimisation (CRO)? In internet marketing, conversion optimisation, or conversion rate optimisation (CRO) is a system for increasing the percentage of visitors to a website that convert into customers, or more generally, take any desired action on a webpage. It is commonly referred to as CRO. #CROelite17
  • 7. 11 Reasons Why The Value of CRO is Often Limited 1. CRO is seen as just a tactic, rather than a growth strategy 2. There isn’t CEO and C-suite buy-in 3. Egotism and opinion drive decisions 4. Being “customer centric” is said, not really done 5. There isn’t a multi-disciplinary team 6. There is limited understanding of statistics 7. There is limited understanding of psychology 8. The business has a siloed mentality 9. The business has a fixed mindset 10. Experimentation isn’t embedded in to company culture 11. There is no improvement model or framework in place #CROelite17
  • 8. The Butterfly Effect in Conversion Optimisation 1. Misunderstood 2. Unappreciated 3. Lack of human investment 4. Lack of user research 5. Lack of intelligence 6. Lack of integrity 7. Lack of learnings 8. Little to no impact 9. Lost faith bit.ly/CRObutterfly #CROelite17
  • 9. The Conversion Optimisation Lightbulb Moment We are not just running experiments to optimise for conversion & revenue… We are introducing a mindset of customer centricity and experimentation across the entire business #CROelite17
  • 10. The Challenge We All Have No clear guidelines No structure or framework No way to measure improvements No way to benchmark your business It is incredibly complex to optimise a business so that they embed customer centricity and experimentation #CROelite17
  • 11. The 4 Pillars of Conversion Optimisation Maturity 1.0 STRATEGY & CULTURE 2.0 TOOLS & TECHNOLOGY 3.0 PEOPLE & SKILLS 4.0 PROCESS & METHODOLOGY #CROelite17 TRANSFORMATIVE 81-100 STRATEGIC 61-80 PROGRESSIVE 41-60 ASPIRING 21-40 BEGINNER 0-20
  • 12. The Conversion Optimisation Maturity Model ™ #CROelite17 www.prwd.co.uk/maturitymodel
  • 13. The 21 Assessment Points of the Maturity Model ™ 1.0 Strategy & Culture 1.01 Core Business Strategy 1.02 Business Mindset 1.03 Senior, Influential Champion 1.04 Continuous Learning 1.05 Product-Led versus Customer-Led 2.0 Tools & Technology 2.01 Analytics Tool Configuration 2.02 Voice of Customer & Behavioural Insight 2.03 Business-wide Access to Results & Learnings 2.04 Competence Operating the Testing Platform 3.0 People & Skills 3.01 Behavioural & User Research Resource 3.02 Data & Analytics Resource 3.03 UX Design Resource 3.04 Development Resource 3.05 Experienced Lead Strategist 3.06 Understanding of Statistics 4.0 Process & Methodology 4.01 Hypothesis Development 4.02 Test Prioritisation 4.03 Test Design Process 4.04 QA & UAT Process 4.05 Test Analysis 4.06 Test Results & Learnings Report #CROelite17
  • 15. Suntransfers vs 2017 Travel Industry Average TRANSFORMATIVE 81-100 STRATEGIC 61-80 PROGRESSIVE 41-60 ASPIRING 21-40 BEGINNER 0-20 75% Travel Industry Average 34%
  • 16. 1.0 Strategy & Culture #CROelite17 1.01 Core Business Strategy 1.02 Business Mindset 1.03 Senior, Influential Champion 1.04 Continuous Learning 1.05 Product-Led versus Customer-Led 34% September 2016 ASPIRING 0 50 100
  • 17. 2.0 Tools & Technology #CROelite17 2.01 Analytics Tool Configuration 2.02 Voice of Customer & Behavioural Insight Tools 2.03 Business-wide Access to Experiment Results & Learnings 2.04 Competence Harnessing the Testing Platform 33% September 2016 ASPIRING 0 50 100
  • 18. 3.0 People & Skills #CROelite17 3.01 Behavioural & User Research Resource 3.02 Data & Analytics Resource 3.03 UX Design Resource 3.04 Development Resource 3.05 Experienced Lead Strategist 3.06 Understanding & Appreciation of Statistics 34% September 2016 ASPIRING 0 50 100
  • 19. Internal & External People & Skills Split #CROelite17 Skillset Project Management User Research Data Analysis UX Design Development Strategy Test Analysis Business Modelling September 2016
  • 20. 4.0 Process & Methodology #CROelite17 4.01 Hypothesis Development 4.02 Test Prioritisation 4.03 Test Design Process 4.04 Quality Assurance & UAT 4.05 Test Analysis 4.06 Test Results & Learnings Report 36% September 2016 ASPIRING 0 50 100
  • 21. The Biggest Challenges To Overcome 1. Speed to resolve problems 2. Lack of internal resources / experience 3. Culture of senior management designing websites 4. No experience of testing 5. Lack of data or user insight 6. Little history of agency investment 7. Too many issues - where do we start? #CROelite17
  • 23. Key Activities which Fuelled Growth & Mindset Change 1. In-depth 1-1 user research in months 1-2 2. Collaborative sketching & ideation in month 3 3. Engaged with the CTO to get full stack developer buy-in 4. The use of HotJar to provide intelligent, continuous feedback 5. A very bold, insight driven redesign of the mobile search form 6. Communication and collaboration with customer service team 7. Continuous JDI changes alongside simple to complex A/B tests + #CROelite17
  • 24. + 14% Transactions Mobile Search Form Major Redesign
  • 25. What Led To Thinking “Business Optimisation”? ✓ Some truly fantastic test results, providing clear evidence as to the growth opportunities that exist across the customer experience ✓ Wider team engagement and results sharing, leading to the other departments becoming experimental ✓ A recognition of the importance of gaining continuous user feedback, embedding customer centric thinking ✓ A combination of both iterative and innovative thinking, often challenging what has been the standard business approach to date ✓ The rapid pace of change and momentum due to Suntransfers having a true growth mindset ✓ An inquisitive nature both internally and with PRWD, asking the question “what if we started optimising this area of the business?” #CROelite17
  • 26. The Client <> Agency Partnership 1. Mutual respect 2. Open-minded 3. Collaborative 4. Evolving 5. Trust + #CROelite17
  • 27. Suntransfers.com KPI Impact 2016-2017 #CROelite17 -59% FUNNEL ABANDONMENT +7% CHANCE OF CONVERSION WITHIN 2 SESSIONS -12% DECREASE IN PAGES PER SESSION
  • 28. Arresting the Rate of CR Decline from Traffic Growth
  • 29. Suntransfers.com Business Growth 2016-2017 #CROelite17 +36% REVENUE GROWTH +37% INCREASE IN TOTAL BOOKINGS +117% INCREASE IN MOBILE BOOKINGS
  • 31. 1.0 Strategy & Culture Maturity Improvements #CROelite17 0 50 100 1.01 Core Business Strategy 1.02 Business Mindset 1.03 Senior, Influential Champion 1.04 Continuous Learning 1.05 Product-Led versus Customer-Led 69% September 2017 STRATEGIC 1.01 Core Business Strategy 1.02 Business Mindset 1.03 Senior, Influential Champion 1.04 Continuous Learning 1.05 Product-Led versus Customer-Led 34% September 2016 ASPIRING 0 50 100
  • 32. 2.0 Tools & Technology Maturity Improvements #CROelite17 57% September 2017 PROGRESSIVE 2.01 Analytics Tool Configuration 2.02 Voice of Customer & Behavioural Insight Tools 2.03 Business-wide Access to Experiment Results & Learnings 2.04 Competence Harnessing the Testing Platform 33% September 2016 ASPIRING 0 50 100 2.01 Analytics Tool Configuration 2.02 Voice of Customer & Behavioural Insight Tools 2.03 Business-wide Access to Experiment Results & Learnings 2.04 Competence Harnessing the Testing Platform 0 50 100
  • 33. 3.0 People & Skills Maturity Improvements #CROelite17 65% September 2017 STRATEGIC 3.01 Behavioural & User Research Resource 3.02 Data & Analytics Resource 3.03 UX Design Resource 3.04 Development Resource 3.05 Experienced Lead Strategist 3.06 Understanding & Appreciation of Statistics 34% September 2016 ASPIRING 0 50 100 3.01 Behavioural & User Research Resource 3.02 Data & Analytics Resource 3.03 UX Design Resource 3.04 Development Resource 3.05 Experienced Lead Strategist 3.06 Understanding & Appreciation of Statistics 0 50 100
  • 34. Internal & External People & Skills Split #CROelite17 Skillset Project Management User Research Data Analysis UX Design Development Strategy Test Analysis Business Modelling September 2016 September 2017
  • 35. 4.0 Process & Methodology Maturity Improvements #CROelite17 62% September 2017 STRATEGIC 4.01 Hypothesis Development 4.02 Test Prioritisation 4.03 Test Design Process 4.04 Quality Assurance & UAT 4.05 Test Analysis 4.06 Test Results & Learnings Report 36% September 2016 ASPIRING 0 50 100 4.01 Hypothesis Development 4.02 Test Prioritisation 4.03 Test Design Process 4.04 Quality Assurance & UAT 4.05 Test Analysis 4.06 Test Results & Learnings Report 0 50 100
  • 37. Year 2 = Business Optimisation at Suntransfers.com 1. Customer service optimisation 2. My account optimisation 3. Site performance optimisation 4. Operational efficiency optimisation 5. Acquisition investment optimisation 6. Country by country optimisation 7. Seasonality optimisation 8. LTV optimisation #CROelite17
  • 38. What Potential does Conversion Optimisation have? Conversion optimisation has the potential to establish a mindset transformation within a business: maturing to becoming a truly customer centric organisation that embraces experimentation, innovation and long term thinking to outperform their competitors #CROelite17
  • 39. 1. Get your copy of the Maturity Model ™ www.prwd.co.uk/maturitymodel 2. Audit your business @ www.CROmaturityaudit.com 3. Benchmark your business 4. Identify your biggest improvement areas 5. Continue maturing your approach to CRO The 5 top tips on the path from conversion optimisation to business optimisation #CROelite17