Slide 1

Slide 1 text

split TESTING FOR PRODUCT DISCOVERY

Slide 2

Slide 2 text

split TESTING FOR PRODUCT DISCOVERY

Slide 3

Slide 3 text

ECONOMICS 101

Slide 4

Slide 4 text

If i was selling dollar bills for 99 cents each, how many would you buy?

Slide 5

Slide 5 text

ALL OF THEM

Slide 6

Slide 6 text

BRICk and mortar

Slide 7

Slide 7 text

No content

Slide 8

Slide 8 text

WEB BUSINESS

Slide 9

Slide 9 text

scale

Slide 10

Slide 10 text

LICENSE TO PRINT MONEY

Slide 11

Slide 11 text

AGILE DEVELOPMENT RAPID ITERATION CONTINUOUS DEPLOYMENT

Slide 12

Slide 12 text

GOING NOWHERE FAST

Slide 13

Slide 13 text

Make use of your 31337 H4CK1N6 5K1LLZ

Slide 14

Slide 14 text

AN OPTIMIZATION PROBLEM 0 25 50 75 100 2007 2008 2009 2010 Money In Money Out

Slide 15

Slide 15 text

@bryanwoods

Slide 16

Slide 16 text

No content

Slide 17

Slide 17 text

No content

Slide 18

Slide 18 text

No content

Slide 19

Slide 19 text

BASIC A/B TESTING

Slide 20

Slide 20 text

An almost real example

Slide 21

Slide 21 text

No content

Slide 22

Slide 22 text

No content

Slide 23

Slide 23 text

No content

Slide 24

Slide 24 text

No content

Slide 25

Slide 25 text

No content

Slide 26

Slide 26 text

Skeptical? you might be surprised.

Slide 27

Slide 27 text

0 25 50 75 100 March April May June July August Converted Viewed

Slide 28

Slide 28 text

No content

Slide 29

Slide 29 text

No content

Slide 30

Slide 30 text

When to implement?

Slide 31

Slide 31 text

Not a substitute for finding product/market fit

Slide 32

Slide 32 text

Low risk, low cost, possibly high reward

Slide 33

Slide 33 text

Deeper integration

Slide 34

Slide 34 text

No content

Slide 35

Slide 35 text

WHAT TO TEST

Slide 36

Slide 36 text

what features do your customers want?

Slide 37

Slide 37 text

What is the simplest version of the feature you can build to gauge interest?

Slide 38

Slide 38 text

what are your customers willing to pay for?

Slide 39

Slide 39 text

which features are free and which require an upgrade?

Slide 40

Slide 40 text

How much will they pay?

Slide 41

Slide 41 text

are your pricing schemes and payment structure flexible enough to be varied?

Slide 42

Slide 42 text

are you undercharging?

Slide 43

Slide 43 text

when (and how often) should you remarket to them?

Slide 44

Slide 44 text

are you over-saturating your users or are you missing possible sales opportunities?

Slide 45

Slide 45 text

Product curiosities

Slide 46

Slide 46 text

test Every new user-facing feature

Slide 47

Slide 47 text

EXAMPLES

Slide 48

Slide 48 text

How can we get users to receive more messages?

Slide 49

Slide 49 text

No content

Slide 50

Slide 50 text

How can we encourage users to post more dates?

Slide 51

Slide 51 text

No content

Slide 52

Slide 52 text

No content

Slide 53

Slide 53 text

should we force them?

Slide 54

Slide 54 text

No content

Slide 55

Slide 55 text

No content

Slide 56

Slide 56 text

sufficient data obviates best practices

Slide 57

Slide 57 text

FIND FEEDBACK LOOPS AND EXPLOIT THEM

Slide 58

Slide 58 text

Uploading a photo and posting a date leads to more messages which leads to MORE subscriptions

Slide 59

Slide 59 text

Uploading a photo and posting a date leads to more messages which leads to MORE subscriptions

Slide 60

Slide 60 text

ZOMG A FUNNEL!

Slide 61

Slide 61 text

Your whole business is a conversion funnel

Slide 62

Slide 62 text

results

Slide 63

Slide 63 text

Huge boosts to conversion rates and revenue

Slide 64

Slide 64 text

technical IMPLEMENTATION

Slide 65

Slide 65 text

No content

Slide 66

Slide 66 text

No content

Slide 67

Slide 67 text

No content

Slide 68

Slide 68 text

No content

Slide 69

Slide 69 text

No content

Slide 70

Slide 70 text

yours free

Slide 71

Slide 71 text

No content

Slide 72

Slide 72 text

included batteries

Slide 73

Slide 73 text

user partitioning

Slide 74

Slide 74 text

convenience methods

Slide 75

Slide 75 text

start/end experiments from admin dashboard

Slide 76

Slide 76 text

not (yet) included

Slide 77

Slide 77 text

goals

Slide 78

Slide 78 text

significance

Slide 79

Slide 79 text

visualization

Slide 80

Slide 80 text

??? Let us know

Slide 81

Slide 81 text

technical debt

Slide 82

Slide 82 text

...in A brave new world of doubled complexity

Slide 83

Slide 83 text

automated testing is essential

Slide 84

Slide 84 text

all code must be held to the same standard of rigor

Slide 85

Slide 85 text

test in isolation

Slide 86

Slide 86 text

KILL DEAD CODE IMMEDIATELY

Slide 87

Slide 87 text

revertability

Slide 88

Slide 88 text

No content

Slide 89

Slide 89 text

don’t get emotionally invested

Slide 90

Slide 90 text

MEASURING SUCCESS

Slide 91

Slide 91 text

statistical significance

Slide 92

Slide 92 text

binomial distribution

Slide 93

Slide 93 text

COHORT METRICS

Slide 94

Slide 94 text

Site health dashboard

Slide 95

Slide 95 text

daily emails

Slide 96

Slide 96 text

What if there’s a tie?

Slide 97

Slide 97 text

UNEXPECTED BENEFITS

Slide 98

Slide 98 text

less time spent arguing over new features

Slide 99

Slide 99 text

“Mixcloud claims to have increased their conversion rate to signup by 200 - 300% [using Facebook Connect]”... “Although most sites won’t see the same level of improvement I’ve chatted with several other developers...that have quoted a 20%-50% increase in signups.” http://www.forbes.com/sites/quora/2012/03/28/what-are-some-top-strategies-for-conversion-optimization

Slide 100

Slide 100 text

https://www.dailycred.com/blog/6/surprise-people-hate-being-forced-to-use-facebook

Slide 101

Slide 101 text

is it worth building? testing?

Slide 102

Slide 102 text

a defense against conflicting customer feedback

Slide 103

Slide 103 text

...And more $$$ doesn’t hurt.

Slide 104

Slide 104 text

Recap

Slide 105

Slide 105 text

rapid development is useless if you’re not moving in the right direction

Slide 106

Slide 106 text

tiny improvements over time can become huge in aggregate

Slide 107

Slide 107 text

let data inform your decisions

Slide 108

Slide 108 text

there are tools at your disposal

Slide 109

Slide 109 text

be rigorous and relentless

Slide 110

Slide 110 text

thank you.

Slide 111

Slide 111 text

Questions? https://speakerdeck.com/bryanwoods/split-testing-for- product-discovery @bryanwoods