Growth Newsletter #048

There's a powerful feature in most email service providers that very few take full advantage of: dynamic content blocks.

You can use dynamic content to show slightly different messages to your audience based on their behavior and preferences. You can dramatically improve click-through and conversion—without having to create multiple versions of the same email.

A few use cases:

• Promos: Give only first-time buyers a gift when they complete the purchase of the abandoned item in their cart.
• Net-promoter score survey: Ask your customers to fill out a survey to receive a 20% off coupon code. For those who have already submitted a survey, remind them that they have an unused coupon.
• Referral programs: Ask people who haven't referred yet to refer to unlock a reward. But ask people who've already referred to refer more people for an even better reward.
• Newsletters: It's likely some of your subscribers have read your blog posts. Pitch your product's most relevant feature based on the posts they've read.

When you find a high-converting block, you can add it to all your email flows (new subscribers, first-time purchases, and post-purchase). At every stage in the lifecycle, show people the offer most relevant to them.

Most ecommerce companies offer deep discounts on popular items for Black Friday.

This strategy might result in a lot of sales, but it often decreases your average order value (AOV) and doesn't guarantee meaningful profit.

Instead of single-item discounts, try bundling popular products with other items and offering a smaller discount. Consider this process:

• Group products that are frequently bought together in bundles.
• Test selling these bundles months before your sale. Now would be a good time.
• Promote them to your existing audience through unpaid channels (email, social media, website banners, checkout upsells). This will keep costs down as you find your most profitable bundle.
• You'll know you've found a strong bundle when it consistently converts without a discount and holds a low return rate.
• When Black Friday arrives, offer a discount on the best-performing bundle.

Choose a discount that results in a final price that's higher than your current AOV.

Offering bundles could help you realize the lifetime value (LTV) of your customer quicker, and develop better customers than you'd get offering standard promos.

For every second a page takes to load, bounce rate goes up.

Test your site on Google PageSpeed Insights. If you get a mediocre score for site speed, try this:

1. Use a heatmap like Hotjar to see which sections of a product page aren't generating as much interest. Cut them. Loading fewer items is more impactful than simply reducing element sizing.
2. A reminder to remove all plugins and custom code you don't need.
3. If you keep it, optimize it: Resize images and use the WebP image format, Google's preferred format. Kraken.io offers image compression and optimization.
4. Lazy load—only load elements as a user scrolls over them. How you lazy load depends on your CMS, but whichever tool you use, make sure you follow Google's recs so the Googlebot still sees all your content.

Simple and fast way to tighten up conversion on your homepage.

If you've tried traditional influencer marketing and didn't get the ROAS you would have liked, consider this.

Here are three ways to increase influencer ROI:

1. Try whitelisting: Whitelisting involves running ads through influencer accounts. Here's the best part: Influencers are often willing to create better content for you. Why? Because you’re putting ad dollars behind influencers’ accounts—and they’re getting new followers as a result. You’re helping them promote themselves. So they're more likely to create the content for free if you agree to put a certain amount of ad dollars behind their account.
2. Repurpose content: Influencers will create content for you. It's likely you've worked out an agreement to have them post it on their account. But you can stretch it much further. With permission, use the content across your other marketing assets: website, blog posts, ads on other channels, sponsorships, etc. Influencers are usually happy for the extra exposure. And you can save thousands by avoiding product photo shoots.
3. Retarget: Influencer marketing should bring potential customers to your website, but few will convert if they only see your message once. Test a retargeting campaign: Serve ads to those in your influencers' audience who clicked through to your site. Since these people already know who you are, you can use targeted language. It's likely retargeting will drastically improve your customer acquisition cost from influencer marketing.

We wrote a playbook on influencer marketing. It walks you through exactly how we test influencer marketing as a performance channel.