1 of 24

Slide Notes

DownloadGo Live

Nudge to convert

Published on Dec 12, 2015

How to apply libertarian paternalism principles and nudges in digital marketing, in order to increase funnel conversions and customer loyalty.

PRESENTATION OUTLINE

Nudge to convert

Designing choice architectures for digital marketing
Photo by Swamibu

Nudge to convert

Designing choice architectures for digital marketing
Photo by ramseymohsen

Nudge to convert

Designing choice architectures for digital marketing
Photo by Ricecracker.

Nudge to convert

Designing choice architectures for digital marketing

With this presentation you will:

  • Understand what are "nudges"
  • Explore choice architecture as a practice for digital marketing
  • Appreciate why personalized content is a nudge
  • Learn how to effectively nudge in your digital channels
  • Explore a case study from an SaaS startup
Photo by swisscan

Welcome to the digital world...

where too many channels...

...and too much content make...

Consumers want to switch off.

Consumers want to switch off.

So, how can you help them

...navigate the maze of choices?
Photo by FutUndBeidl

"Nudge" them!

Photo by Orin Zebest

"Nudge" is any aspect of the choice architecture that alters people’s behavior in a predictable way without forbidding any options or significantly changing their economic incentives. (Thaler & Sunstein, 2008)

Creating digital nudges

...is a 3 step process:
Photo by okfn

1. Reduce number of choices

While aiming for product/market fit.
Photo by richard_north

2. Personalize the experience

of interactions with your digital content.
Photo by Sean MacEntee

3. Measure & optimize

continuously, by analyzing your data.

Case Study: Radiojar

Creating digital nudges to increase conversions for SaaS

Radiojar's challenges

  • Complex product
  • Wide spectrum of customers
  • Difficult to choose right plan in advance
  • Low conversions from acquisition to signup
  • Need to redesign customer journey and nudge

1. Reduce options to match target customer groups

2a. Personalize interaction with content

2b. Personalize interaction with content

2c. Personalize interaction with content

3. Continuously measure and iterate

Results of digital nudge

  • Reduced bounce rate by 44%
  • Increased conversions by 15%
  • Increased stickiness and CLV by 30%
  • x4 reduction in customer service tickets
Photo by ecstaticist