- Generate ideas for optimizing your funnels
- Implement your hypotheses for funnel experiments
With its support for multi-page experiments, Optimizely is an ideal platform for experimenting with and improving the funnels that provide valuable, qualified leads to your site. If your organization isn’t currently using funnels, Optimizely can help you develop an effective funnel process through experimentation and iteration.
Types of funnels
Acquisition: this funnel type is designed to bring in new leads and convert them to customers. These often use special offers or giveaways to persuade prospects to provide an email address or other contact information.
Activation: this type of funnel is aimed at new customers who haven’t actually started using your product. Tech companies often use activation funnels during onboarding as a way of getting new customers to understand the capabilities of the product.
Monetization: a monetization funnel is intended to increase the CLV of existing customers.
Use Optimizely to run experiments on your funnel, so you can improve the conversion rate and track the impact across the visitor's entire journey.
Where to optimize the funnel process
Optimizing any step of the funnel has the potential to improve your overall results. If you’re new to funnel optimization, here are a few good places to start:
Calls to action (CTAs). The whole point of a funnel is to get your prospects or visitors to do something. How you ask for that action can have a huge impact on whether they actually do it or not. Experiment with copy length, tone, word choice, and even placement of the CTAs on the page itself.
For example: Many people find that shorter, more direct CTAs work better than wordier ones. If you wanted to test a shorter CTA, you would first create a new variation in your experiment, in which you’ll test a tighter CTA. Add the page where your CTA lives and use the Visual Editor to quickly edit the text. See our article on using the Visual Editor in Optimizely X for more details.
Landing pages. Landing pages are standalone pages that serve one specific purpose, typically lead generation or to promote product-specific offers. Organizations will often have several landing pages live at any given time, each targeted to a specific offer or customer segment.
Because a landing page is a visitor’s first touchpoint with your offer, it’s vital to optimize the experience for them. Any component of the page - content, tone, navigation, layout, visuals - could be the difference between getting visitors to click through to your offer and having them click away from it. As with your CTAs, optimizing your landing pages will involve working in the Visual Editor to test ideas and hypotheses that could help drive traffic through your landing pages and encourage the user behavior you want to see. Experiment with as many different ideas and combinations as you feel comfortable with, since Optimizely users who run more variations per experiment tend to see statistically significant results more quickly and more often.
For more tips on how best to optimize your landing pages, see our article on landing page best practices and this step-by-step description of the landing page optimization process.
The offers themselves, especially in an acquisition funnel. Are you offering something of value in exchange for your vistiors’ information? Is it relevant to them? Does it relate to the product or service you’re offering? Have you considered splintering - breaking off smaller pieces of your core product and presenting them as standalone offers?
Optimizely makes it easy to experiment with different offers and find a winner quickly. Remember, the more offers you test, the more likely you are to find a statistically significant winner. So use your deep knowledge and understanding of your customers and get creative with your offers.
Optimizely pages. In Optimizely, reusable templates are called pages. You’ll add Optimizely pages to any multi-page experiment; they are where your experiment’s content lives. You might consider experimenting with different approaches for the pages further along in your funnel process, especially if you’ve noticed your existing funnel is experiencing high rates of dropoff at specific stages.
Check out this article on working with pages in Optimizely for more detail.
See our articles on how multi-page funnel experiments work and how to build a multi-page experiment in Optimizely X for more insight.
Once you’ve achieved proficiency with basic funnel optimization techniques, you may want to further optimize your funnels personalizing your content - especially your CTAs and offers - to your visitors.
Retail and ecommerce can use personalization to connect offers and CTAs to previous products or product categories the user has viewed or otherwise expressed an interest in.
Media sites could use it to drive users to content that’s similar to content a user has previously consumed.
Tech companies can personalize funnel content to relate directly to the visitor’s specific business vertical.
Travel sites could personalize based on prior destinations or on the specifics of prior trips (offering discounts at a hotel they’ve stayed at before, or on car rentals, etc).
Check out this article on personalization in Optimizely to learn more.