2008, Volume 1, Issue 2


   Podcasts
How to Help Marketers Create, Deliver, and Optimize Their Content
GearUp 2008—MediaBin Customer Panel
GearUp 2008—Multivariable Optimization Best Practices for Maximizing Visitor Engagement on Your Website
   Must-Read Industry Articles
6 ways to enhance user experience
Explore new interaction techniques that can take your online marketing efforts to the next level
By Paul Irish
Boosting natural search through user-generated
review content
Insights on how user-generated review
content can drive untapped search traffic
for retailers By Jeff Watts, Bazaarvoice
Top 5 Ways to Improve Online Sales for Subscription Sites
From affiliate marketing to staffing, key strategies for consideration as you look to grow online sales for subscription sites
By Anne Holland
   Earnings

Interwoven Announced Record First Quarter Results
Interwoven Announced Record Q1 Revenues and Earnings. First Quarter License Revenue Growth of 17%, Non-GAAP Net Income Grew 21%.


Results from Our Last Poll
Which of the following best defines your top online marketing priorities for the next 12 months
view results


Expect the Unexpected

If there is a lesson in all of this, it is that even for the experts, predicting consumer behavior is tough. This message rang loud and clear during an interesting contest that we conducted at Interwoven's GearUp conference this past April. During the event, we showed our audience five variables that were tested in a multivariable optimization project we conducted on a signup page for Sherman's Travel. The variables included an image, a background color, a submit button design, and several others. For each of the variables, we showed the audience several of the different values that were tested, and asked everyone to vote on what was the winning value when actually tested against Sherman's Travel's live traffic.

The results were quite stunning. Not one of the hundreds of attendees who participated in the contest guessed all five winning values correctly. In fact, the most any attendee got correct was three. And fully 42% of our audience, an audience that was packed with thought leaders across the interactive space, got none of the answers correct. The average number of correct answers by our attendees was 1.07. If you had a dog pick the answers at random, the expected score would be 1.28.

So what does this mean? Does the average expert interactive marketer provide no more value than the average dog? Does it mean that there is no role for an expert in interactive marketing?

The answer is surely “no.” But it's important to recognize what the expert's role is. The expert is not there to predict the winner—as was demonstrated, this is very hard to do. But experts play the critical role of using their experience and expertise to narrow down choices to get to a bunch of finalists that, based on experience, have a high probability of winning.

The reason our game was so tough was because all the values shown were in fact "finalists," culled by experts, that had shown evidence of success in previous experiments. For example, in the submit button question, the copy choices included "Continue," "Submit," and "Click Here to Submit." Guessing which of these three would perform best is surely not obvious (in this case, the winner was "Continue"). However, if our expert dog had given us the choices of "Continue," "Arf Arf," and "Bow Wow Wow," guessing the winner would have been a lot easier (at least I think it would... we probably should test it to make sure).

This actually is very similar to the examples discussed earlier. Take American Idol. While Simon Cowell, an alleged expert, may have a tough time predicting which David will score better with the public, he provides tremendous value in narrowing the original field of thousands of performers to a select few.

So use the experts to narrow the field, but expect there to be upsets. The only certain thing in life is that life is uncertain. Likewise, the only people who can tell you definitively how to maximize conversion rates are the people themselves.

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