According to the latest annual Conversion Rate Optimization Study from Econsultancy and RedEye, reported by Marketing Charts, customer journey analysis is on track to become one of the most commonly used methods to improve conversion rates, and is now rated the most valuable method, as 93% of respondents are either using or planning to use customer journey analysis.
That puts expected use on par with A/B testing, which 58% are using and an additional 35% plan to use. It’s a similar story among agency respondents, who reported that A/B testing is the method most broadly used by clients, but with customer journey analysis closely behind when factoring in planned use.
This year, 63% of company respondents rated it “highly valuable” for improving conversion rates, up from 52% last year. Last year’s leader, A/B testing, was rated “highly valuable” by 60% of company respondents, down slightly from last year’s 62%. Agencies, meanwhile, also rated customer journey analysis and A/B testing the top-2 methods that their clients find valuable.
Value and Difficulty of Conversion Rate Optimization Methods (November 2015)
Customer journey analysis
Cart abandonment analysis
Online surveys/customer feedback
Source: Econsultancy/RedEye, November 2015
Beyond customer journey analysis, company respondents this year are more enthusiastic about the effectiveness of usability testing, segmentation, website personalization and copy optimization, says the report.
Website personalization remains the most difficult method to implement, says the report. 36% rated it as “very difficult” to implement, far ahead of the next-most difficult methods, multivariate testing (21%) and segmentation (19%).
This year 44% of the respondents reported personalizing their website, less than half the proportion personalizing email (93%). 24% have experienced a “major” uplift in conversion rates through their website since implementing personalization, with another 68% reporting a “minor” uplift. Search engine marketing is the channel that has seen the most uplift (37% major; 60% minor) from personalization for respondents says the report, though an equal proportion (37%) have seen a major uplift in offline conversion rates.
When it comes to website personalization, company respondents are most commonly personalizing their home page (51%) and landing pages (49%), with close to half also personalizing the customer account area (47%) and product recommendations (47%). Slightly fewer than one-third (32%) are personalizing specific journeys (e.g. “basket-checkout” or “booking journey”), per the results.
In order to personalize website content, respondents are most likely to be found turning to the following data types:
About the Data: The results are based on an online survey of close to 900 client-side and supply-side digital marketers and e-commerce professionals. Some 74% of company respondents and 58% of agency respondents are based in the UK. Retail (24%) was the most heavily represented industry.
For more about the study from EConsultancy, please visit here.