Published: 05 December 2016
Before you can improve your Conversion Rate, you need to take stock of where you are. Understanding your sectors digital maturity is key to helping you benchmark where you should be, and how much effort it will take to really stand out from the crowd and shine away from your competition. Ultimately it’s all about tweaking and optimising efforts to become more relevant and personal!
Sitecore provide an online tool to help you work out your digital maturity, this assessment can be taken at ‘www.connecttheexperience.com’. This gives you an idea of how to build the people, processes, and technology you need for digital marketing success.
What does good CRO look like?
This has to be the hardest question to answer…as it is relative to you and your business. In essence you need to tap into all areas of UX, Digital Marketing, design and technology and the interplay between them...there is not one simple ‘fix’.
…but there is one simple ingredient
In my opinion the key to successful CRO is regular testing - and acting on the results of your testing. This can be achieved through the following:
- A/B and multivariate testing can be viewed as the most valuable method of improving CRO.
- Understanding your customers by looking at abandonment Analysis and customer journey analysis - what works and what doesn’t.
- Segmentation - to try and align email, website and digital marketing personalisation.
- Take advantage of opportunities that present themselves -try and be reactive to things. One way to achieve this is through Social Listening.
- Test your theory, listen to the results, tweak then test again! It is not a linear process!
So where to start?
Let’s start at the beginning. To establish and implement your CRO, you firstly need to establish your goals. By defining your goals, you work out what is important to your business, and what actions are likely to lead to a conversion. Once this has been defined, you have something to measure against! You can then consider the following steps to help improve your CRO.
Path to Purchase
Google Trends referred to ‘the path to purchase, from start to finish, is rarely linear—it's more akin to a scavenger hunt’. With this in mind, we can all identify that the ‘modern’ consumer journey is complex and Google Agrees. They have analysed millions of consumer interactions through GA to identify how different marketing channels affect the online purchase decision and have created a tool to try and help benchmark the typical Conversion Rate of your industry. Check out the tool here.
Consider Location and Convenience
It’s important to consider targeting by location to reach people not only while they're on the go but also based on where they are.
We are all attracted to decluttered, stylish responsive designs, but there's no doubt that Amazon's altogether busier approach is optimised for conversion. In my opinion Argos is a brand that is sitting somewhere in the middle, it has some great CRO examples. For example, by entering my postcode on Argos’s site it tells me my nearest store for collection (if the product is required today) or my next available delivery date.
You can also use geo-targeting to show ads with promo codes to help you, this can save you money and work well for local business or store locations. You can also find other targeting opportunities, for example weather targeting. Through Google AdWords you can control adverts displayed dependant on the weather. Mapping the effect of temperature difference (against the seasonal norm). Bravissimo’s swimwear programmed Google ads to only appear in areas experiencing sunny weather. The campaign achieved sales revenues for their swimwear range increasing by 600% during a 3-month campaign.
Nurture your Consumer
It is important to understand your funnel and be helpful throughout the research process and establish your brand as a trusted resource early on. Every visit to your website will not result in a purchase…you need to have content to support your funnel.
According to a Yahoo Return on Inspiration study, showed that content is a vehicle for inspiration, with 76% of people saying it inspired them to try new things and 73% saying it opened their eyes to new perspectives. So how do you make content inspiring to improve your CRO?
- Make it aesthetically pleasing. Great visuals attract attention, inspire more effectively, and set your brand apart.
- Knowledge empowers. Recommendations, advice, learning something, interesting facts, news/ updates.
- Tell, real compelling stories. In bite-size content.
- Show positive intent. Ensure that the reader comes first.
- No trust, no inspiration. Consumers who say that they trust the content are at least 3x more likely to share it or feel positively towards the brand.
- Keep it simple. Keeping content simple is key to engagement and sharing.
Tell Real Stories
By having real life images and social engagement can improve your CRO two-fold. It is human nature to see reality, rather than what the brand wants you to see. Plug ins like Stackla allow you to have a live feed of social data on your site to inspire!
Expect that search will lead to discover
As you refine your understanding of the customer journey, consider the moments you want to capture at every step of the way.
Remarketing helps bring back consumers to the website. This can be done through many channels such as Facebook and Google ads to display content that can be more relevant, for example someone could look at the toys in Argos online and be targeted with a Toy sale offer or a specific product. Conversion Rate is always better with remarketing as they have already visited and engaged with your site.
In addition, you can consider Complementary Categories that one seemingly unrelated search could trigger interest in your brand. Consider partnering with related brands in different (but connected) verticals to reach similar audiences. For example, someone might like travelling and also photography. You need to keep an eye on the customer journey and maximise your presence in those places where people may change course and consider related products.
The Power of Reviews
Helping the visitor navigate and make decisions proves once again to be helpful at increasing conversions and making the visitor more likely to buy with 92% of consumers now reading online reviews vs. 88% in 2014
A great example is the FigLeaves case study, who added product reviews to the site and this change made customers 35% more likely to purchase.
However, in my opinion its not just displaying the reviews on your site that can assist Conversions, as having an API integration with Feefo or TrustPilot for example can assist from a Digital Marketing perspective:
- Organic Stars - Good reviews, can lead directly into Google. With Rich Snippets, your service rating can appear as a score alongside a star rating.
- Seller Ratings - Optimise PPC ads by adding Seller Ratings (stars) alongside paid listings, boosting click-through rate (CTR) by an impressive 17%.
- Product Listing Ads - Use reviews to generate stars and help the products you want to showcase stand out from the crowd.
Optimise the Experience
It is important to recognise the role that mobile plays a part in the research process, therefore you need to amend your messaging around a multi-platform customer.
According to the Telegraph Research, it showed that the age of smartphones has left humans with an even shorter attention span. Researchers surveyed 2,000 people in Canada and the results showed the average human attention span has fallen from 12 seconds in 2000, or around the time the mobile revolution began, to eight seconds. Goldfish, meanwhile, are believed to have an attention span of nine seconds.
The big P in Personalisation.
Whilst it is still seen as the most difficult method to implement, it has improved to being considered one of the most valuable CRO methods, so for those that are getting web personalisation going it has been worth the effort. Two thirds of companies are undertaking some form of personalisation, which is an increase of 6% over the last two years according to a survey carried out by Econsultancy.
So why go to the effort? With personalisation, we often see an average uplift of 19%, however with Sitecore we often see more than this. Personalisation allows you to define any target profile using behavioural data, purchase history, browsing interests or offline / offsite data so that you can always reach the right people at the right time. However, Personalisation doesn’t just have to be on-site, you can personalise your emails and online ads!
How we can help you!
So in essence, there isn’t one simple answer, however Sagittarius can help You can take advantage of our Digital Marketing knowledge and User Experience knowledge, by getting your business involved in one of our workshops.
Sagittarius often run workshops to help companies align the internal vision and help structure improvements both onsite and off. Speak to your Account Manager today to setup a workshop to help improve your CRO for the New Year.