Tag Archives: business

Got A Conversion Question for Neil Patel? Ask Him During The Crazy Egg Conversion Talks

conversion talks with Neil Patel

Got conversion rate optimization questions? Wanna ask Neil Patel for help? Then join us for our weekly Crazy Egg Conversion Talks. Anyone can attend and ask as many questions as they’d like! Our first talk will be on May 5th, 2017 at 10 AM Pacific. Here are a few more details about the talks: Frequency: Weekly Duration: 1 Hour No sign-up required Learn From Neil Patel – Ask Him Direct Questions! Neil has been continually optimizing websites for over a decade and is an industry leader when it comes to traffic generation, growth hacks and conversion funnel improvements. Plus, he’s…

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Got A Conversion Question for Neil Patel? Ask Him During The Crazy Egg Conversion Talks

7 Ways To Accelerate Product Adoption (Without Spamming Your User Base)

speed up product adoption

We tend to make a big deal about leads in the marketing space, and not without good reason. Everything starts with leads. However, for software companies, the real goal is product adoption. We need people actively and consistently using our product. Regardless of our business model, success occurs when users experience that “aha” moment that takes our product from an experiment to a core part of their day-to-day work. So how do we move people from lead to product adopter? How to we give them that “aha” moment? Two words: Strategic Repetition Repetition is a POWERFUL psychological force. Studies have…

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7 Ways To Accelerate Product Adoption (Without Spamming Your User Base)

How PowToon Optimized Its Pricing Page To Increase Revenue

PowToon is a cloud-based animation software company based out of London. Launched in 2012, PowToon has over 12 million users worldwide from various business verticals who use the tool to create fun and engaging explainer videos.

Problem

For any SaaS firm, the pricing page is closest to the funnel. So it makes sense to optimize it for maximum impact on the bottom line. Like most SaaS businesses, PowToon’s pricing model is based on different feature offerings. These include watermark removal, privacy control, quality, and export options, among others. A relatively new entrant to these capabilities is storage.

Powtoon offers three plans:

  • A free plan that offers 100 MB storage.
  • A $19 monthly pro plan that offers 2GB storage.
  • A $59 monthly business plan that offers unlimited storage.

This is how PowToon’s pricing page originally looked:

unlimited_2gb

Test

Dan Rimon, director of product at PowToon, decided to test out different pricing levers. The hypothesis was that the ‘unlimited storage’ feature offered under the business plan was an unquantifiable and vague commodity, whose true value could not be perceived by prospective buyers.

“We didn’t know exactly how our target audience would perceive the ‘storage’ capability. Both our business plans (unlimited and 2 GB) offer practically unlimited storage. The fact that we were not able to crunch the feature in real numbers (unlimited) may have been leading to the wrong perceived value,” said Dan.

The idea was to test different storage values for the Pro and Business plans. Dan tested three versions against the original:

  • 10 GB storage in Business Plan and 10 GB storage in Pro Plan
  • 2 GB storage in Business Plan and 2 GB storage in Pro Plan
  • 10 GB storage in Business Plan and 2 GB storage in Pro Plan

Just to remind the readers, the original version offered Unlimited versus 2 GB storage for the Pro and Business plans, respectively.

Results

The third version with 10-GB storage for the business plan versus 2-GB storage for the pro plan turned out to be the winner. It increased the revenue by 27.9%. Here’s the winning version:

Powtoon Pricing Page A/B testing

Dan attributes the results to a clear distinction between the value perceived in the case of the 10 GB versus 2 GB version.

“We attribute the results of the test to our users’ abilities to really understand the value they were getting. Users responded better to a real number (10 GB) than ‘unlimited’, which frankly sounds lovely but is hard to quantify,” Dan added.

Continuous Process

PowToon has taken the route to continuous testing to optimize its pricing page. Their product team runs a test every two weeks and shares the results and learnings internally, regardless of an inconclusive test. They next tested the way their monthly and annual pricing plans were displayed to find out whether it psychologically impacted the way visitors chose a particular plan. Though the original version outperformed the variation in this case, they nevertheless made this cool video to share the results internally.

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How PowToon Optimized Its Pricing Page To Increase Revenue

Are Your Keyword Rankings You See On Google Correct?

Google Search Results Differ

Have you ever doubted Google? When it comes to the keyword ranking accuracy, we can be skeptical about rank tracker tools we use or SEOs we hired. But when we check rankings manually, we trust our eyes and Google. But you shouldn’t be so careless. Google is clever and agile. They have a massive list of factors that affect the search results they display for you. Even if you see your website in the Number 1 position, it doesn’t mean you really are on top of the world. Your customers may see a very different Top 10. Fortunately, you can…

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Are Your Keyword Rankings You See On Google Correct?

An Overview Of E-Commerce Platforms

Did you know that bandwidth overage charges are (still) a problem and most users prefer not to rely on a developer? Well, I talked to 917 (real-life) users and created a guide to help others find the e-commerce software that suits them best.

The Ultimate Guide To E-Commerce Platforms

I completed this guide by searching for websites built with e-commerce software (you can verify by looking at the source code — certain code strings are unique to the software). Once I found a website, I (or one of my virtual assistants) would email the owner and ask if they’d recommend a particular software. Typically, they’d reply and I’d record their response in a spreadsheet (and personally thank them).

The post An Overview Of E-Commerce Platforms appeared first on Smashing Magazine.

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An Overview Of E-Commerce Platforms

Introducing Crazy Egg Recordings – Know What Visitors Really Do On Your Site

Crazy Egg Recordings

The one piece of information about your website that matters most is: how do your users interact with it? It’s easy to find out what they think about it: you can just ask them. But it’s very hard to find out how real users go about navigating your website. The thing is, that piece of knowledge is absolutely crucial. It’s the acid test for every design decision, because it’s what determines whether a visitor converts or bounces. So, we made Crazy Egg Recordings. Soon, Recordings will let you see multiple sessions of different visitors clicking, scrolling, and navigating throughout your…

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Introducing Crazy Egg Recordings – Know What Visitors Really Do On Your Site

How to Setup Google AMP Webpages with Google Analytics Tracking

Google Amp and Analytics

If you have been following Google’s changes recently, you may have noticed that they became obsessed with mobile web. And there are a couple of strong reasons to support that. According to Search Engine Land, Google has officially confirmed that mobile search surpassed desktop back in 2015. Moreover, in October 2016, Google announced mobile-first indexing which focuses on prioritizing the mobile version of a website’s content over the desktop version when assigning search rankings. This obsession led to the introduction of Accelerated Mobile Pages (also known as AMP) which are primarily designed to provide the mobile user with an immersive,…

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How to Setup Google AMP Webpages with Google Analytics Tracking

How To Deliver Large-Scale Projects Using A Content Hub Strategy

What exactly are the benefits of a content hub strategy? Well, first of all, when done correctly, a content hub will capture a significant volume of traffic. And that’s what most online businesses want, right?

How To Deliver Large-Scale Projects Using A Content Hub Strategy

We have recently introduced several clients to the concept of a content hub and would like to share our experience in this article. The clients are high-quality portals filled with targeted, valuable and often evergreen articles that users can return to time and again.

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How To Deliver Large-Scale Projects Using A Content Hub Strategy

The Top 10 Most Common AdWords Mistakes (And How To Fix Them)

Top 10 Google Adwords Mistakes

AdWords can be an incredibly powerful platform for growing your business, but the truth is that most businesses are wasting thousands of dollars every month due to poor account management. If you feel like you could be generating more revenue from AdWords, chances are that you’re making some of these ten common mistakes that are inhibiting your performance. In this post I will be showing you ten common AdWords mistakes that I’ve seen literally hundreds of advertisers make. And, more importantly, I’m going to show you exactly how to fix them, so you can take next steps towards creating an…

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The Top 10 Most Common AdWords Mistakes (And How To Fix Them)

Infographic: How to Get Customers Without Spending Any Money

low-cost-business-performance

This is a dangerous topic. Of course, we all want to get customers without spending a dime. But there’s an old saying that comes to mind: Be careful not to be penny wise and pound foolish. So, there are two important points here: Always work on figuring out ways to increase your KPI (key performance indicator) performance that also increases your overall ROI. Factor in the costs of time AND energy when operating low-cost activities. You may have found a cheaper way to do things, but is it too time-intensive? Does it become too laborious and start to eat away…

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Infographic: How to Get Customers Without Spending Any Money