This reading note will be divided into several sections:
Notes Excerpts1. Doing a small thing thoroughly is the way for most people to succeed. Unfortunately, most people don’t think so, so the road to success is not actually crowded, it’s just that you are willing to choose the easy and ordinary road. ——Xiao Ma Song. 2. The breakthrough point in the second half of traffic monetization is conversion rate. Whoever masters the method to improve the conversion rate will have the initiative in the era of inventory. 3. Detailed explanation of normal conversion rate and super conversion rate.
4. The conversion rate from number to call connection is not high. 5. The conversion rate of calls to valid numbers is not high. 6. The conversion rate from valid numbers to trial appointments is not high. 7. The conversion rate from appointment to audition is not high. 8. The conversion rate from trial listening to payment and registration is not high. Chapter 19. First, the conversion rate from the previous step to the next step cannot be 100%, there will be loss at every step. Second, in most cases, the more steps there are in the process from ad display to transaction, the greater the overall loss. If we want to get more orders with the same display, we must reduce the steps from display to transaction and optimize the conversion rate of each step to improve the overall conversion rate. 10. However, this common funnel model is still a bit rough. After practicing more than a dozen projects, I came up with a super conversion rate funnel model. 11. Therefore, to make good use of the super conversion rate funnel model, it is necessary to consider the specific actual scenarios and optimize it in two steps. Step 1: Go through the entire process from when the user sees the ad to when they make the final payment, and write down every step to understand how many conversion rates are involved. Step 2: Find the main factors that affect the conversion rate of each step, optimize them, and improve the conversion rate of each step. That is to say, discover the problem, find the cause, and solve the problem, which will eventually increase the overall conversion rate exponentially. 12. In a children's Go training institution, three employees from the Internet Marketing Department were able to enroll more students online in one city than the total number of students enrolled by more than one hundred offline teachers. How did they do it? Only by improving the conversion rate at each step can the overall conversion rate be increased exponentially. After finding the main reason for the low attendance rate, I started to optimize it item by item. The value is not communicated enough and parents feel that learning Go is not important: optimize pre-sales language to convey the value and importance of learning Go to children. Forgot to have a trial class: Call parents one day or two days before the trial class to remind them that there will be a trial class the next day. If parents have scheduled the same time in advance, go through the trial class reservation process again and lock the time for the next trial class. Not coming because you may be late for some reason: Call the parents one hour before the trial class to ask if they have left, and then say: "There may be traffic jams later, but the trial teacher and classroom we carefully prepared for your child will not be allocated to other children, so it doesn't matter if you are late, just come directly." And ask the parents to convey this sentence to the child. 13. 14. A WeChat account profile with a high conversion rate needs to clearly state three things:
15. Registration Conversion: Optimization Techniques to Avoid Losing 160,000 Users 16. App push: This makes users more willing to accept notifications An App user generally goes through six steps from seeing an ad to entering the new user guidance page: click on the ad to download the App → open the App → choose whether to allow push notifications → register → fill in user information → new user guidance. 17. User Spontaneous Dissemination: Secrets to Improving Sharing Rates Chapter 2. Super Conversion Rate: Chen Yong's Six Conversion Factors That Make Customers Place Orders 2.1 Three steps from seeing a product to placing an order What sparks interest? What builds trust? What motivates customers to place an order immediately? Many JD.com and Taobao stores will indicate on the store homepage or product page that you should receive the coupon before placing an order, but why is it that in most cases you receive the coupon but do not place an order? Since it is human nature to take advantage of a bargain, why not use the coupon you have received? Aren't you trying to take advantage? There are many reasons not to use coupons:
There is also an interesting phenomenon: some people spend a lot of effort and finally get Xiaomi's F code. If many people do not use the F code after getting it, they will sell it on Taobao, Weibo or WeChat Moments. Why is this so? There is only one real reason: things that are easy to get lead to not cherishing them, while things that are not easy to get lead to cherishing them. Since it is not easy to get, customers will cherish it and are more likely to use the coupon. What we need to do then is to increase the difficulty of obtaining coupons so that customers can’t get them easily. How to use reciprocity:
2.3 Promises and Fulfillment: Techniques for Making Customers Have Mild Trust The promise and fulfillment here are mainly used to make consumers believe in the merchant’s promise. A commitment is a guarantee given by a merchant. For example, the common ones we see are "free shipping", "authenticity guarantee", "7-day money back guarantee", "real 4K TV", "exquisite matching", and "delivery in as fast as 56 seconds". Delivering means that practice proves that they have fulfilled this promise. How to use promises and deliverables 2.4 Credentials: The Secret of Trust Transfer "Large organization" and "certificate" are the third element of Chen Yong's six transformation elements - the components of the letter of trust. 2.5 Best-selling and well-received works: The herd mentality determined by genes Best-selling and well-received are two different words. The best-selling here can refer to the high sales volume of a certain product in a unit of time, or it can refer to the high accumulated sales volume of a certain product in a certain channel (such as a Taobao store) or the entire network (including all online and offline channels); good reviews refer to positive comments made by users based on their recognition of a certain product and service. 2.6 Pain point stimulation: a boost to stay away from pain 2.7 Scarcity: The trump card to get customers to buy more
When goods are scarce, people will stop hesitating and place orders quickly. 4.0 Four-level benign growth engine from entrepreneurship to large-scale businessFor groups whose time is not valuable, their purchasing power is not very high. You should advertise where your customers are. Don't waste time and energy on useless things. MGM's fission marketing growth method involves three levels of conversion rate: The first level of conversion rate is called sharing rate, which refers to why others are willing to share the content after seeing it, and how to increase the sharing rate. The second level of conversion rate is called reading rate, which refers to the presentation format of the content after sharing, which arouses the interest of the person being shared and makes the person willing to click and read the shared content; The third level of conversion rate is called the relationship rate, which means that after the page is opened, the person who is shared with you is moved after reading it and is willing to establish further relationship with you. This further relationship may be registration, online consultation, phone call, appointment, and purchase. Only by improving the conversion rates of all three steps can the final conversion rate of MGM fission marketing be greatly improved. What is this book about?
Personal Thoughts
Author: Lacquer WeChat Official Account: Operation Interviews |
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