Conversion Intelligence Key to Analytics
July 14, 2021by ahVanguard
Change is hard. Conversion Intelligence can help!
In a world where it seems like the next big thing is just ‘round the corner every day. There’s comfort in holding on to the old way of doing things.
Lightbulbs, bicycles, and laptops are but a few of these once-misunderstood tech inventions. Just a few years ago it was even considered ludicrous for the internet to be used for ecommerce.
We’ve seen the signs and are calling it. The world is heading into a brave new world of marketing with more results and fewer hassles. Are you ready to join us in this mind shift?
Since opening our doors 10 years ago, Unbounce has existed to help small businesses grow by making access to essential digital marketing tools easy. But over the past two years, growth has come to an abrupt stop. We aren’t just talking about the effects of the pandemic. SMBs are suffering and there is no end in sight.
Today, we’re seeing small businesses falling behind while large corporations with big budgets are dominating the competitive landscape.
There is a much larger problem going on even beyond Unbounce. The world is not built to support small businesses. It’s difficult to start one. They generally have fewer resources. Business owners are often wearing multiple hats. Some don’t have the luxury of spending their whole day just thinking about marketing campaigns, landing pages, and conversion rates.
— Tamara Grominsky, Chief Strategy Officer, Unbounce
COVID-19 brought a massive wave of new competition to the digital space. This forces brick-and-mortar businesses online and accelerating strategies by six years. To put that into context, over the last year alone, social media ad spend in North America increased by a staggering 92.3%.
Google ads are getting steadily more expensive with CPC inflation. We’re not just talking about the go-to keywords that were nigh impossible to get anyways. Even niche businesses feel the heat searches for meat delivery have increased by no less than 925%.
And here’s the thing: It won’t be going back to how it was before. 48% of small businesses say they will stick with ecomm long after the pandemic. Then we’re just mentioning one specific market segment.
Though we hate to say it, welcome to the “new normal.”
Go down the rabbit hole of stats citing that marketers don’t have time, budget, or the resources to optimize campaigns. But at the end of the day, what most marketers want is more conversions.
As a company with deep knowledge and experience supporting the growth of small businesses. It’s our belief that conversion intelligence is the disruption SMBs need to get a step up in the digital marketplace. It’s time for business to get more and go further by working smarter, not harder.
Conversion intelligence can take away some of the stress and burden that typically comes with optimization. This actually frees us up to get more done and be more creative. Insights from conversion intelligence make rapid experimentation accessible to anyone. The great thing is, you’re still the one in control. — Oli Gardner, Unbounce Co-Founder
Think of conversion intelligence as a change in your approach to marketing by pairing your expertise with data-powered AI insights to create and optimize the highest-converting campaigns possible.
A fun yet poignant example comes from chess. The computer always beats the grandmaster. However, when players and Computers team up together for a round of “Cyborg Chess”. The bionic team generally wins. Relative newbies to the sport have come out victorious over grandmasters AND the most powerful chess computers in the world.
AI will provide actionable insights and recommendations. You’re still the one making the calls. It’s about predictive data meeting the creative power of a marketer. There’s an endless amount of possibility in what you do with that.
Exciting tools that enable conversion intelligence specifically. Range from predictive email tools that let you create and send variants to the respondents based on previous click data. AI-assisted ads that can match inputted copy and images to create a unique user experience.
When I look at all the AI tools coming to market, I’m cautiously optimistic. At the end of the day for us, it’s all about bandwidth. If you don’t have a big team, and if our group can do our job more efficiently and get equal to, or better results by using AI or machine learning. Then we’re all about it. — Christian Krohn, Unbounce Customer and Owner, PatientClicks
There’s been a lot of talk about “personalization” in marketing circles over the past decade or so. It hasn’t amounted too much. It’s mostly resulted in an onslaught of fields in promo emails rather than a real personalized experience.
It’s no surprise that 80% of business owners who invested in personalization projects will stop funding by 2025 due to a lack of ROI. Just because personalization is dead, it doesn’t mean generic is the way to go. It’s about rethinking what we were taught about personalization in terms of relevance.
It’s not just based on what they’re searching for or what they’ve already told you. Based on behavioral and predictive data.
Many of the biggest companies today already get that distinction. Look at how Netflix does it, for instance. They’re not serving up the same lukewarm recommendations with your name attached. They use AI to promote the latest, most relevant content for each and every customer—saving the company $1 billion a year.
The future is here, and right now AI is the reality of marketing. A year or two ago it was very aspirational, with big companies like Facebook, Google, and Amazon spearheading it. Reaping great rewards from it. Now marketers and businesses of all sizes are getting a competitive advantage by adding AI to their marketing toolkit. It’s simple, the marketers who aren’t embracing this new perspective are going to be left behind.
— Tamara Grominsky, Chief Strategy Officer, Unbounce
It’s about providing directions before users ask for them. Anticipating the next thing a customer would want to buy based not only on the last thing they bought but who they are, and what kind of interactions they prefer.
That’s not personalization. It’s relevance, and it’s a game-changer.
There’s no silver bullet when it comes to marketing. Although there are methods like conversion intelligence that can make the job much easier and effective, it might not be for everyone. For some companies, the ultimate goal is complete automation. Simply turning something on and having the work done in a flash without needing human input. For others, they might just not be ready to embrace artificial intelligence in their efforts quite yet.
Nine out of ten Fortune 1000 companies have an ongoing investment in AI. Between 2015 and 2019, the number of enterprises using AI grew by 270%. Within the enterprise model, marketing and sales prioritize AI more than any other department. Big business is powering ahead with AI. You can be sure it’s not just to sound hip and techy. It’s a major step-up to get ahead in the game.
When landing pages came to prominence in the early 2000s, the idea of quickly creating a standalone page for a campaign was revolutionary. Landing pages rode in on a white horse and reduced friction for marketers by ensuring a message match. This minimized distractions by closing the gap between clicking the ad and converting.
And the results were incredible within our builder alone we’ve seen no less than *1.5 billion* conversions over the last 10 years.
The need for optimization was always there, but there was a barrier to entry. Most people had never been introduced to the process before, and it can be difficult and time-consuming. Often marketers would have little success, most commonly because they didn’t test correctly or just didn’t know what to test. — Oli Gardner, Unbounce Co-Founder
And right there is the gap. For smaller teams with limited resources, campaign optimization isn’t really an option. We see it in the Unbounce builder fewer than 50% of customers regularly republish their pages. This is a metric we look at to signify tweaks and updates to campaigns. We realized that this wasn’t due to a lack of wanting higher conversion rates. Most marketers just don’t have the capacity to monitor and optimize campaigns for optimal conversions.
Even for big marketing teams, who can easily run 36 A/B tests at a time. That kind of optimization isn’t scalable you’re still only refining one landing page. One audience segment who would only ever convert on page A anyway.
What if you knew that using less than 300 words would double your conversions? Or that by adding a video to a lead-gen campaign page. You might be lowering your conversion rates? How about that mobile users in North America will convert at a much higher rate if the first thing they saw was pricing?
Unbounce went to market by solving a very specific problem for our customers. From there we started looking deeper at the other needs our customers were experiencing. It became less about the technical problems we could help them solve. More about how we could help them grow smarter as a business. This conversation led us to realize “we can do more.” — Felicia Bochicchio, President, Unbounce
Our marketers and companies, especially those in the small-to-medium-sized space need more than just landing pages if they’re going to effectively compete in their own marketplaces. Landing pages will remain a core tactic, of course. But at the end of the day, it’s about getting higher conversion rates. That’s where we want to support marketers. — Felicia Bochicchio, President, Unbounce
The whole conversion funnel is as strong as its weakest link. Tt constantly requires attention to the different parts of this funnel. (What can we do to this part? What can we learn here? What can we change here to improve it?). You need AI to give you these insights, and then it’s up to you to tweak or tune something. But only if you have good insights can you do something there. — Tom Suter, Unbounce Customer and Founder, CoffeeCall
Artificial intelligence is not a new concept anymore. In fact it’s already part of our daily lives. It’s steadily changing the face of marketing.
My dream personally, is that the Unbounce Conversion Intelligence™ platform makes it easy for small businesses to become successful. We can compete with the big players, and grow smarter. — Tamara Grominsky, Chief Strategy Officer, Unbounce
Welcome to the era of conversion intelligence—the future of landing pages, and the future of digital marketing.