According to Unbounce, despite 98% of paid marketing campaigns fail, many marketers still blindly invest in online advertisements to get more traffic to their business
It’s inevitable that advertising on search engines and social platforms helps you to reach out to broader audience and experience a traffic hype. However, you’d be wasting your money if you don’t convert the traffic to happy buyers.
In past few years, many entrepreneurs have
started implementing conversion rate optimization strategies to achieve optimum
results. Rather surprisingly, less than 23% those businesses are happy with
their CRO initiative outcome.
Many startups keep redesigning their website
or focus on additional activities to increase traffic, hoping to attract more
customers. In fact, the secret behind successful customer acquisition
strategies and achieving higher conversion rate has nothing to do with your
traffic volume, and the look and feel of your website; it’s all about customer
journey optimization (CJO).
You can boost your conversion rate
optimization by engineering your website to offer a valuable customer journey.
In actual fact, it would be absolutely wrong to lead every user to your opt-in
landing page or your sales letter. Don't be a pushy sales man because customer
journey optimization strategy is about directing your visitors to the right
page and engage with them to encourage them to jump into your sales funnel.
I’ve outlined four essential steps to an
efficient customer journey optimization that you can implement right away and
improve your conversion rate.
1. Understand your customer’s persona.
Understanding your customer's persona plays a
great role in optimizing your business for higher conversion. The first step is
to define your customer segment precisely.
Begin with exploring your prospective
customer’s desires, pains, attitude, and understand their needs. If you’ve discovered
a new customer segment, you may modify your business model to accommodate the
new opportunity.
Using empathy map not only helps you to speed
up the customer discovery process, it also provides you with actionable tools
to explore different aspects of your customer’s persona, and craft innovative
business models.
Print a copy of the empathy map template and
place it on a wall. You can use the template to categorize your questions and
focus on what your customers say, do, think, feel, hear and see. Empathy map
also enables you to discover more about your customer’s pains and desires.
Gather your team together and answer the
following questions but do not limit yourself to this set.
•
What hinders her?
•
What does she dream to achieve?
•
How does she perceive success?
•
What influences her to make a purchase?
•
How much social media and communities
influence her decisions?
•
What worries her?
•
How does she behave in public, and among
friends?
Even if you target the same customer group as
your competitors, it’s vital not to copy and implement their conversion
optimization strategies. For instance, offering free trials or unlimited access
to the basic version of your product might sound very intriguing to a group of
customers, however, it might not be the right strategy for your business to
adopt.
2. Leverage on historical data.
You must be able to back up your CRO
strategies with historical data before thinking about which growth hacking
strategy to implement. For example, extracting data about your existing
customers who have subscribed to your monthly plan can be a great guide to
learn more about your customer lifetime value (LTV).
Knowing how long a customer stays with you
before they quit and use a competitor’s product enables you to craft engagement
strategies that result in higher retention rate. The same scenario applies to
businesses who offer one-off deals and generate revenue from selling tangible
products.
You can use retargeting strategies and
enhance your conversion rate optimization initiative based on your customer’s
purchasing behavior. Simply, highlight the group that has made follow up
purchases or have referred new customers to your business and engage them with
new deals or ask them to join your loyalty program.
Besides, discovering whether these customer
segments are referred to you through social networks or backlinks from a
partner allows you to adjust your landing page optimization strategies
accordingly.
3. Educate your customers.
Instead of driving all traffics to your
signup page hoping that they will love your product and make a payment, you
should concentrate on setting up an automated process to help your
visitors to have a pleasant and educational tour in your website. Take to
account that each customer segment has a set of unique needs that must be
addressed accordingly.
Whether you are using paid marketing
strategies or leveraging on white hat SEO techniques to attract customers to
your business, it’s essential to engineer your campaigns to lead your visitors
to the right landing page.
For instance, you may publish a beginner’s
guide about how to get the best out of your product on your blog and drive
unexperienced visitors and new users to your blog before pushing them to your
conversion funnel.
On the other hand, you can set up a separate
ad for expert users and get them to visit your limited-offer product page. This
way, you are addressing your customer segments the right way, as well as
improving your conversion rate that consequently results in higher ROI.
Truthfully, focusing on numbers and prompting
visitors with ‘signup now’ popups before they even know what values your
product can offer will impact your conversion rate, negatively.
4. Engage with your customers.
One of the common mistakes that online
marketers make about conversion rate optimization strategy is to call it a day
the moment the customer make a purchase. According to Econsultancy, 82 percent
of companies admitted that customer retention is significantly cheaper than
customer acquisition. It was also reported by Ipsos that customer acquisition
costs 500 percent more than retaining customers.
Setting up a blog, and putting together a
solid email marketing strategy to keep your customers engaged with useful tips
will invigorate your customer retention strategy. Simply leverage on strategies
such as content marketing to craft a piece of content, preferably a step by
step guide and share it with your customers.
You must take your
business relationship more serious than whatever is defined in your terms and
conditions. Engaging with customers after they buy your product can result in
stronger customer loyalty. You could even make them love your business by
finding the most challenging issues that your customer face when they use your
product and help them to address it for free.
Written by: Ehsan
Jahandarpour
Credit: entrepreneur.com
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