PRESENTATION OUTLINE
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
Welcome to the digital world...
where too many channels...
Consumers want to switch off.
Consumers want to switch off.
So, how can you help them
"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)
1. Reduce number of choices
2. Personalize the experience
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