I’ve got some interesting data following the ShoeMoney System launch that I want to share.
This time around I used genetify to do multi-variate testing with an optimizing algorithm. Let me show you why this is important.
Let’s say we got 50,000 unique visitors to our landing page.
3.0% conversion rate
5.0% conversion rate
So you say, great, orange converted better. So what? Everyone knows orange buttons convert better. Well you’re right, but we also tested some much more interesting things that I’m not willing to share. But, let me show you something more important.
Assume we had 50,000 unique visitors, with a $200 sale price.
50,000 * 3% = 1500 = $300,000
50,000 * 5% = 2500 = $500,000
If we had simply 50/50 split tested to SEE which result was better:
25,000 * 3% + 25,000 * 5% = $150,000 + $250,000 = $400,000
But using a genetic algorithm that optimized in real-time for the best conversion rate:
10,000 * 3% + 40,000 * 5% = $60,000 + $400,000 = $460,000
Because our algorithm optimized itself for the best conversion, we made an extra 15% in revenue.
The coolest thing about MVT with a genetic algorithm is that it will find combinations that work the best that you would never have dreamed of.
If you aren’t using the tools available, you are leaving money on the table.