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eCommerce& Managing the Sales Funnel
Sales Funnel Specifics
Managing the Sales Funnel

• Methods of acquisition
   – PPC Ads, SEO, Video, Email, LeagGen, Affiliate Marketing, Offer
     based, etc.
• Once there – what’s important?
   – Prove you can Add Value
• Qualify Leads with intent
   – You want users who are amenable to your message – Its ok for
     users to self-select opt out
• Monetise towards latter end of the Funnel
   – After user sees value and expresses intent
   – Push low-cost options in the middle of funnel
   – High cost ones at the end of your funnel
Customer Lifecycle
• Understand the customer lifecycle
   – The various stages of a customer over a time period
   – Create indicators to track their intent
   – As they begin to lag – make sure you target them
• Identify high repeat behaviour
   – Identify a common characteristic – and track this
       • e.g. have visited more than 3 time and purchase
• Track rising and falling repeat rates
   – Have early warning systems in place
• Track repeat rate by media source
   – Search Engine, PPC, Banner Ad etc..
Customer Lifetime Value
•  Segment customers into acquisition channels
•  Identify the potential lifetime value per channel
•  Identify length of customer lifecycle per channel
  – Low cost channels could have shortest lifecycle
• Compare the relative potential value
  – Consider: length of lifecycle, potential revenue per
      Customer
• Allocate money towards higher potential value customers
     • By corollary - away from lower potential value
          customers
Understanding “Recency”

• Tracking Recency
   – Time since a customer last engaged in a behaviour
• Recency is # 1 most powerful predictor of future behavior
   – Can predict likelihood of purchases, visits, game plays, or
      “other action-oriented” behaviour
• The more Recent a customer is, the higher their potential value is
• Segment Repeat segment into past and present (30 days)
   – Apply a recency filter for real-time view
• Longer a customer has stopped engaging the less likely they are
  to repeat
• Take adjustive measures to increase in quality recency repeat
  customers
eCommerce Case Study
   Wiltshire Farm
Case Study: Wiltshire Farm Foods
Key Take-Aways

• Remove Clutter – focus on key goals all the time
   – Remove any obstacles
• Provide lots of visual feedback
   – Users know that actions have been successful
• Adhere to affordance rules – make them obvious
   – Big Buttons, Clear Large Links
• Anticipate and Answer questions upfront
   – Embed as part of user experience
• Knit USPs in copy and images of site
   – Emphasise all your differentiators
Website Optimisation

• Dynamically Test key elements of site
   – Test Copy, Calls to Action, Images, Placement
   – The $300,000,000 Button
• Both Split (A/B) and Multi-Variate Test
   – Google Website Optimiser or Proprietary tools
• Define and set up conversion points
   – Need to track and measure user actions
• Clear calls to action significantly augment optimisation goals
   – Don’t force user to think – TELL THEM WHAT TO DO
Test Process
• Never stop testing and tracking user actions on website
   • A/B Split Testing
      – Define specific site goals (sale, sign-up etc..)
      – Test two specific pages (typically high volume landing pages)
      – Commercial tools (Vertster) or Google Optimiser
      – Monitor which test is performing better
      – Use Variable rate or throttle testing to vary the percentage of traffic
        that gets routed to the various pages
   • Multi-Variate testing
      – Enables variable testing of elements within single pages
      – Different copy text, form layouts and even landing page images and
        background colours together
      – Track combinations that achieve predetermined goals
Sales Funnels
Boden
The Boden Funnel
Funnel Case Studies
Webtogs
The Webtogs Funnel
Firebox
Firebox
The Firebox Funnel
ASOS
Asos
The ASOS Funnel
GCD-eCommcereCaseStudies
GCD-eCommcereCaseStudies
GCD-eCommcereCaseStudies
GCD-eCommcereCaseStudies

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GCD-eCommcereCaseStudies

  • 1. eCommerce& Managing the Sales Funnel
  • 3. Managing the Sales Funnel • Methods of acquisition – PPC Ads, SEO, Video, Email, LeagGen, Affiliate Marketing, Offer based, etc. • Once there – what’s important? – Prove you can Add Value • Qualify Leads with intent – You want users who are amenable to your message – Its ok for users to self-select opt out • Monetise towards latter end of the Funnel – After user sees value and expresses intent – Push low-cost options in the middle of funnel – High cost ones at the end of your funnel
  • 4. Customer Lifecycle • Understand the customer lifecycle – The various stages of a customer over a time period – Create indicators to track their intent – As they begin to lag – make sure you target them • Identify high repeat behaviour – Identify a common characteristic – and track this • e.g. have visited more than 3 time and purchase • Track rising and falling repeat rates – Have early warning systems in place • Track repeat rate by media source – Search Engine, PPC, Banner Ad etc..
  • 5. Customer Lifetime Value • Segment customers into acquisition channels • Identify the potential lifetime value per channel • Identify length of customer lifecycle per channel – Low cost channels could have shortest lifecycle • Compare the relative potential value – Consider: length of lifecycle, potential revenue per Customer • Allocate money towards higher potential value customers • By corollary - away from lower potential value customers
  • 6. Understanding “Recency” • Tracking Recency – Time since a customer last engaged in a behaviour • Recency is # 1 most powerful predictor of future behavior – Can predict likelihood of purchases, visits, game plays, or “other action-oriented” behaviour • The more Recent a customer is, the higher their potential value is • Segment Repeat segment into past and present (30 days) – Apply a recency filter for real-time view • Longer a customer has stopped engaging the less likely they are to repeat • Take adjustive measures to increase in quality recency repeat customers
  • 7. eCommerce Case Study Wiltshire Farm
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  • 13. Key Take-Aways • Remove Clutter – focus on key goals all the time – Remove any obstacles • Provide lots of visual feedback – Users know that actions have been successful • Adhere to affordance rules – make them obvious – Big Buttons, Clear Large Links • Anticipate and Answer questions upfront – Embed as part of user experience • Knit USPs in copy and images of site – Emphasise all your differentiators
  • 14. Website Optimisation • Dynamically Test key elements of site – Test Copy, Calls to Action, Images, Placement – The $300,000,000 Button • Both Split (A/B) and Multi-Variate Test – Google Website Optimiser or Proprietary tools • Define and set up conversion points – Need to track and measure user actions • Clear calls to action significantly augment optimisation goals – Don’t force user to think – TELL THEM WHAT TO DO
  • 15. Test Process • Never stop testing and tracking user actions on website • A/B Split Testing – Define specific site goals (sale, sign-up etc..) – Test two specific pages (typically high volume landing pages) – Commercial tools (Vertster) or Google Optimiser – Monitor which test is performing better – Use Variable rate or throttle testing to vary the percentage of traffic that gets routed to the various pages • Multi-Variate testing – Enables variable testing of elements within single pages – Different copy text, form layouts and even landing page images and background colours together – Track combinations that achieve predetermined goals
  • 17. Boden
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