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Website Testing for a Competitive Advantage

January 20, 2010

The Companies Who Test Own 97% of Your Online Market

We’ve seen recent studies by AdGooRoo showing the top 3% of companies in most markets get 97% of the visitors available from search engines like Google/Yahoo/Bing (MSN). Getting this high level of traffic gives these companies a distinct competitive advantage.

If they have a positive return on investment, they can afford to spend more to market their company. This further increases their competitive advantage, and the result is a self-reinforcing cycle which makes cracking into online B2B markets increasingly more difficult for their competitors.

How to Crack Your Competitors “Code” for Success

Most companies start making changes to their ad campaigns and website. What changes will work, and what have a negligible impact? Often the choice falls to a consensus among whoever is assembled or at worst, the highest paid person in the room.

The problem is we we are making our best guesses. Even an “educated” opinion using principles of direct marketing and Internet usage, is still only a hypothesis. Getting proof frees us from guesswork and keeps the process of improvement moving in a positive direction.

If a client is torn between 2 options, we like to suggest, “Who knows, let’s just test it.” This is a excellent method to disarm skeptics and shorten frustrating brainstorming sessions you may have experienced in the past.

The top companies do exactly this.

  1. test their current option against a new choice
  2. pick the winner
  3. start a new test pitting the winner against new choice

Over time this process of continuous improvement takes you into the upper echelons of your market online, past the companies who aren’t testing but were either wise or lucky with their current ad campaign or website, and closer to the top 3% of your market who get 97% of the traffic.

What Should We Test?

Think “revenue” first. What on your site contributes the most to getting leads or sales?

It is a common mistake to make stylistic changes in the web copy but leave these important areas alone:

Start with this list and leave other components alone for now. Reaching your point of diminishing returns on this list could take the next year or more depending on your amount of web traffic and can yield 3 or more digit rates of improvement.

These are often time-consuming changes, so the natural inclination is to make easier 10 minute changes to web copy, changing a font or an image which may or may not improve the site 1% at a time, while there are 10%, 20%, 50% or higher improvements available.

Locate possible improvements in these key areas by finding someone with a broad range of experience across that market and others. Within markets there is a often duplication of ideas, whether intentional or subconscious. A fresh look is vital to avoid distractions like internal politics.

Patience is key for testing

The last thing we want to do is walk away from a test thinking one was the winner when in fact the other was. Patience is crucial, and setting expectations among your company is key for ensuring you are able to complete the testing process and make solid decisions.

Your test results are based on “conversions”, which are typically sales or leads. To have a statistically-relevant amount of data, this usually takes 100 conversions or more for each event you are testing.

Some say testing only takes as little as 37 conversions, but that would only be in extreme cases where one is a wild success and the other is a complete failure.  In most cases, this small of a sample size is not statistically accurate when we take into account the margin of error.

Ask your marketing team how many conversions you get in a time period, then set the other stakeholder’s expectations accordingly. We’ve seen many campaigns shipwrecked by expecting results in a week or even month when a website in a niche b2b market only gets  enough web traffic to reap reliable results in 2 or 3 months.

Even if it takes longer than expected, you can be confident your results will be accurate.

How to Speed Up the Website Testing Process

Testing one vs the other (A/B testing) can take some time to run multiple tests, especially if you do not have a high-traffic website getting hundreds of leads per week or month.

An alternative is to use Taguchi or multivariate testing, which gets results from multiple tests in a much shorter time period. This is a complicated mathematical process I couldn’t explain if I tried. 🙂 Fortunately there are testing tools which implement this process and remove the need for a mathematics and computer engineering degree.

Note: The Google Website Optimizer has a multivariate test, but it is not a true Taguchi test. The result is tests using this process take substantially longer that if you used Taguchi testing.

Start Testing Today

Your toughest competition online is testing right now, and use of the Internet as a research tool for B2B buyers increases each year. Starting today with developing and implementing a testing plan is your safest option for securing your current position and achieving better results in the future.

Need More Help? Try This…

Avalanche Internet Marketing is experienced in all facets of website testing for improving lead and sales conversion rates using A/B split testing or Taguchi testing for testing multiple items with faster results.

Avalanche can also help you build strong value propositions, modify your sales copy and page layout to enhance conversions, and create follow-up processes to increase the effectiveness of your sales team.

If your business wants to achieve more with your Internet Marketing efforts and become one of the top 3% of companies in your market getting 97% of the available traffic, contact us today for a free opportunity analysis.

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Frequently Asked Questions

B2B search engine optimization (SEO) is a specific type of online marketing tactic/service that can help a website of a B2B business gain more traction in order to increase their search engine rankings on Google, Bing, etc. What differentiates B2B SEO from B2C, is that for B2B SEO keywords focus on specific words and phrases that business/vendors search. A B2B SEO agency like WSI B2B Marketing can provide you with leading B2B SEO solutions.

Yes, with the right SEO strategy your B2B business will not only improve its search engine rankings, but it will also expand its online reach, and build trust for your brand. There is no better way to show potential B2B vendors that your company is knowledgeable and can deliver the services needed, than having a website and online marketing content that is easy to find and trustworthy. WSI B2B Marketing is a leading B2B SEO agency that can help B2B companies. Contact their team for services.

The cost of SEO services depends on the B2B SEO agency and the services and payment model they offer. The average monthly cost can range from around $750 to $2,000, while hourly rates can go from $85 to around $200. For entire projects, prices range from $5,000 to $25,000 and up. Reach out to B2B SEO agency WSI B2B Marketing for more information and services.

A B2B SEO agency can increase your brand’s online presence and help attract potential leads to your company’s website. By increasing your search rankings and visibility, businesses will get more clicks and users to their site and can increase sales opportunities. An SEO agency like WSI B2B Marketing provides a range of online marketing solutions. Contact them to learn more and improve your online presence today.

Basically, B2B lead generation services will locate customers looking for the specific services/products that you provide and lead them to your website or e-commerce platform. Lead generation is vital not only for marketing teams but for B2B sales as well. B2B SEO agency, WSI B2B Marketing, provides lead generation and other SEO services designed specifically for B2B operations. Contact their team today to get started.