4min read

CX Optimization Webseries APAC: Episode #2 – A/B Testing Strategies for Revenue Optimization

Personalization is a hypothesis that needs to be tested

Ben Combe, Data Director, Optimization & Personalization APAC at MediaMonks

Hosted by Julia Simon, VP APAC at AB Tasty

Featuring Ben Combe, Data Director, Optimization & Personalization APAC at MediaMonks

Conversion Rate Optimization (CRO) is a user-centric approach that emphasizes long-term benefits over just leading customers to click on certain elements or CTAs. To achieve this, understanding your data through the use of experimental and scientific methods is key. In this episode, Ben Combe, Data Director, Optimization & Personalization APAC at Media.Monks joins Julia Simon, VP APAC at AB Tasty to discuss CRO techniques and best practices. They find answers to where companies should start, what to prioritize, which methodologies to use, and how to execute a compelling optimization roadmap.

Whether you’re just starting your CRO journey, or you’re already a CRO expert, this session is for you!

Episode #2:

Where do you start?

Ideas flow from everywhere in the business as data collection happens perpetually. Knowing what your top priorities are is where you should start. You don’t just change the color of your CTA from blue to red because it’s Valentine’s Day and you have a gut feeling.

Ben points out to first take a look at how the business is doing and where you can focus on for the most impact. Should you focus on acquisition, retention, or loyalty? Identify what and where are the pain points that need solving. Secondly, dive into your customer data by looking at your conversion points. Draw a parallel to where your customers are dropping off and mix them with your qualitative insights. Thirdly, brainstorm with your team to come up with ideas.

Prioritization Frameworks: PIE or ICE?

In CRO, time and resources are finite, therefore every experiment counts. You need clear guidelines to choose what ideas to test and what to leave behind. So it’s essential to prioritize – but should you use PIE or ICE?

If you’re just starting your experimentation journey, Ben recommends taking a look at traffic, value and ease. It’s basically like answering how many people are visiting a webpage, what is it worth in dollars, and what are your development resources. If you’re mature in CRO, a bespoke checklist tailored towards your business needs is recommended.

The importance of UX

Running A/B tests is a great way of conducting UX research while your product is live. It helps you decide on what works and what doesn’t work for your customers. By testing different design options, designers are able to gather valuable user feedback. This can then be used for design improvement that is more user-centric, and that leads to increased user engagement and satisfaction. Keeping the UX Team in the loop is essential for continuous learning and improvement.

The Quick Wins

Looking into easy, quick wins in the beginning of your experimentation strategy will bring you good results. Once you pick all the low-hanging fruit, Ben encourages you to shift your mindset towards a more innovative approach. Think outside the box, analyze your segments deeper, and iterate.

Synchronizing AB Testing and Personalization

AB testing allows you to understand the effectiveness of your personalization strategies by comparing various content, design elements, and offers. This insight allows you to deliver an experience that resonates best with customers, leading to higher engagement. It’s important to take note that no personalization goes live without being tested. Behaviors change and it’s necessary to continuously experiment in order to validate that your personalization is still relevant.

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