Archive

Posts Tagged ‘marketing insights’

Grow Digital Subscriptions with 4 Proven Insights

April 21st, 2016

What drives people to sign up for digital subscriptions, especially when similar content can be easily obtain elsewhere for free? To answer this question, MECLABS Institute recently completed a survey of 900 U.S. consumers who spend at least three hours a week reading print or digital news content and earn at least $40,000 annually. Academic and industry experts were also interviewed as part of the research.

The full results are compiled in a MECLABS Executive Series report. However, we’re giving our readers a special high-level look at those results in this post and in this month’s MarketingExperiments 35-minute Web clinic replay, “Digital Subscriptions Boosted: Survey of 900 U.S. news consumers reveals four key insights to increase your subscriber base.” You can also watch an abbreviated, 10-minute interactive Research Brief.

 

Insight #1. Consumers sign up when they understand that a digital subscription will provide them a valuable experience that other products can’t match.

Consider an experiment conducted by a national newspaper. Treatment A focused on the value of subscribing to online news.

Treatment B focused on a discounted entry-level price. While value was mentioned on the landing page, the primary focus was the discount.

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Email Marketing: Tips for tech support selection and contract negotiation

July 30th, 2015

In the world of marketing, there’s always a push to stay ahead of the curve and, more importantly, ahead of competitors.

However, it’s hard to dedicate the time, money, manpower and technical know-how to launching truly eye-catching (and revenue-generating) campaigns. This is especially true for smaller companies with marketing teams consisting of only one or two employees.

Enter the potential best friend to most campaigns: the vendor.

At the MarketingSherpa Email Summit 2015 Media Center, Erin Hogg, Reporter, MarketingSherpa, sat down with John A. Caldwell, President and Founder, Red Pill Email, to discuss the finer points of vendor negotiation. Specifically, John explained what to look out for when considering tech support vendors and what you should — and shouldn’t — negotiate when it comes time to draw up a contract.

Watch the below interview to learn tips on how to handle vendor negotiation:

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Stock Images Tested: Does ethnicity in marketing images impact purchases?

August 4th, 2014

Does ethnicity in marketing images affect a campaign’s performance?

Besides being an important marketing question, it’s also an interesting social question.

The MECLABS research team asked this question because they needed to find the best performing imagery for the first step in the Home Delivery checkout process for a MECLABS Research Partner selling newspaper subscriptions.

The test they designed was simple enough:

Background: Home Delivery ZIP code entry page for a newspaper subscription.

Goal: To increase subscription rate.

Research Question: Which design will generate the highest rate of subscriptions per page visitor?

Test Design: A/B variable cluster split test

 

Control: Standard image of newspaper on welcome mat

ethnicity-test-control

 

Treatment 1: Stock image of African American man reading newspaper

ethnicity-test-treatment1

 

Treatment 2: Stock image of older Caucasian couple reading newspaper

ethnicity-test-treatment2

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Marketing Analytics: What annotation data can tell you about video subscribers

November 18th, 2013

In the past year, plenty of charts, projections and infographics all show video content heading in one general direction – up and to the right.

This makes sense given the use of video content is also growing as more marketers adopt video into their marketing mix, lest their message is left behind by the projected 77% of all Internet users who will be viewing video content online by 2016.

With the adoption of any new strategy comes the part where the devil is in the details – how do you measure video content and what can the data tell you?

This was a challenge Luke Thorpe, Audio and Visual Manager, MECLABS, was facing in early 2012 when MarketingExperiments Web clinics transitioned to a video format. Shortly after the transition, Luke started implementing best practices into his video editing and uploading to YouTube.

 

One of those practices is adding annotations to the end of videos. Annotations appear when your video ends and it allows users to view other videos you have on YouTube with a single click. Annotations also allow you a certain amount of creativity that Luke explained.

“I have a friend over at GoPro cameras and they were using annotations that included video thumbnails and music. When I saw their video, I wanted to experiment with something similar on our site. I thought it was cool and so my thinking was in line with that whole expression ‘imitation is the highest form of flattery.’”

 

Creativity is one thing, finding a way to measure it is another

After a few months of adding annotations, Luke started to notice a spike in the number of subscribers to the MarketingExperiments YouTube channel. But, he wasn’t sure why the gain rate was increasing because YouTube’s dashboard analytics currently don’t allow you to directly measure the impact on subscriptions through adding annotations.

Also, given at the time he didn’t have any tracking in place, our options were limited in what he could learn, so he asked me to take a look at the data.

Here’s what we found:

 

First, we compiled the daily views and subscriptions to see if any correlation existed.

We found that the likelihood of a correlation existing between daily views and subscribers at around 76%, but the caveat here is the ever cautionary tale of statistics. Correlation is not always causation.

 

Explore every option  

Next, we took subscriber gain stats for the month prior without the annotations and compared that data with subscribes after Luke started annotating videos and found that there was a correlation between views and subscriptions.

 

What can we learn from this?

There are a few things we can glean from the results:

  • There’s no surprise here that a correlation exists between an increase in views and subscriptions. It makes sense after all that they grow together as more views will likely produce more subscribes.
  • We need to discover which one of these two variables is the responsible driver for the upward trend.

The only way to truly know this would be to increase our tracking and analysis efforts to really capture the true cause for the change in behavior.

It’s interesting to consider that small changes can have a big impact, but the key rests in identifying the elements of change and understanding how they work together so you can leverage that knowledge to better serve your customers.

When I asked Luke what he thought about the findings in the data, he explained that annotations help to “close the loop” of sorts in your video content.

“Adding annotations keeps people in your channel longer and engages more of your content,” Luke said. “The views via the annotations might not be very high, but without them, the additional views would be zero.”

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Email Marketing: Promotional vs. letter-style test increases conversion 181%

October 14th, 2013

At the heart of email marketing campaigns, it often seems as if a tug-of-war is being waged.

On one side, you have gaining attention as a tactic and on the other, you have using conversation.

But, which of these is truly effective?

Let’s take a look at how the MECLABS research team tested a promotional-style email design against a letter-style and what we can learn from the results.

Before we get started, here’s a quick review of the research notes for a little background on the experiment.

Background: A large international media company focusing on increasing
subscription rates.

Goal: To increase the number of conversions based on the value proposition conveyed through the email.

Primary Research Question: Which email will generate the highest conversion rate?

Approach: A/B multifactor split test

 

Control 

 

The research team hypothesized the control featured popular design principles to create balance and hierarchy on the page.

The promotional-style email also featured heavy use of images and graphics to catch the readers’ attention and multiple call-to-action buttons for increased points of entry.

 

Treatment

 

In the treatment, a letter-style email was designed to look and feel more like a personal letter. The design limited the use of graphics and images and featured a single call-to-action button.

 

Results

 

What you need to know

By limiting the amount of graphics and focusing on engaging the customer in a conversation, the treatment outperformed the control by 181%. To learn more about why the letter-style email beat the promotional-style design, you can watch the free on-demand MarketingExperiments Web clinic replay of “Are Letter-Style Emails Still Effective?”

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Marketing Analytics: 4 tips for productive conversations with your data analyst

September 19th, 2013

Every week, I encounter work orders from research analysts requesting data analysis on our Research Partners’ test results that are difficult to understand.

I think there’s a reason for this – poor communication.

I’ve noticed a lack of understanding of how data analysts think. Research analysts and many marketers do not define projects and goals the same way data analysts approach a data challenge.

Data analysis takes time and resources, so the less time spent interpreting desire over data will leave more room in the budget for necessary analysis. Better, clearer communication means everybody wins.

I wanted to share with you four tips to boost your team’s communication that will hopefully save you a little time and money in the process.

 

Tip #1. The more specific you are, the faster we can help you

If you’ve had experience working with data analysts, then you may know sometimes the conversation can be like asking someone for the time of day and they explain how their entire watch works, even if you just wanted to know the time.

But, who is really responsible for the failure to communicate here?

Is it the timekeeper for being specific, or was it the vagueness of the person who needed the time?

My point here is these kinds of communication mishaps often ring especially true in the analytics world. I can attest that an analyst with clear objectives and goals will be able to perform analysis at an accelerated rate with less revisions and meetings necessary to achieve results.

So, instead of asking for general analysis of a webpage, email campaign or other initiative, try asking for the specifics you want to know.

When an analyst hears general analysis, it’s like giving us a set of Legos and expecting us to instinctively know you wanted a plane constructed instead of the impressive 40-story futuristic building.

 

For example, let’s look at the following requests that highlight how just a few more details can make all the difference:

  • Request #1: “I need to know the clickthrough rate for new visitors compared to returning visitors.”

This question is going to get you what you need faster than asking for a general analysis of a webpage.

  • Request #2:I need to know the clickthrough rate for new visitors compared to returning visitors for the second to third step of the checkout funnel.”

The second request would likely deliver the rate from steps two and three for the different visitor types.

Now, if I only had the first request to work off of, I would deliver the clickthrough rate for every step of the funnel, which takes substantially longer and costs more.

This is also because data analysts have a tendency to flex their advanced analytics muscles when given the opportunity. We want to deliver quality work.

But, the time and effort to achieving those impressive results when something quick and easy would have been equally beneficial to your needs is a waste.

 

Tip #2. Knowing how you’re going to use the data helps

To better help you with a project, we need to know how you will use the data. 

So, when starting a new project, take some time beforehand to sit down with your analyst, it’s not as bad as you think, and discuss which specific topics or characteristics will help you gain the knowledge you need quickly.

If the data will be used for internal discovery, analysts will likely approach analysis, especially the final reporting, somewhat differently than for external reporting.

 

Tip #3. Creating fancy charts should be the exception, not the rule

Knowing how the data is going to be presented will help your analysts avoid wasting precious computational time making fancy charts and graphs if you only need the information for internal use.

Formatting of charts and graphs can end up taking way more time than one would imagine, so an analyst should worry about pretty charts only when needed.

Another reason it is important to discuss how the data will be used is because your analyst might use a more efficient reporting structure. They may use graph and chart types that you ask for when in fact, they could have used a more sophisticated technique if they knew what the end reporting needed to show an audience visually.

For instance, conversations that ask, “Do you need bar graphs for each individual variable?” should happen a lot more often than they do.  

This can become cumbersome and meticulous leading up to final presentations, but if the information is represented with clarity and efficiency using the right combination of charts, everyone wins.

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