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Stop Running Small Tests (Episode 15)

Ecommerce Playbook · May 28, 2020 · 17 min

Summary

This episode challenges ecommerce operators to abandon piecemeal A/B testing and instead focus on identifying and executing large-scale strategic initiatives. By highlighting their brand's record-breaking revenue day, the hosts demonstrate how a shift from minor optimizations to impactful, big-picture strategies can unlock substantial, exponential growth. It compels listeners to re-evaluate their growth approach and seek out significant business opportunities.

Key takeaways

Themes

conversion & cropaid acquisitiondtc strategy

Topics covered

strategic growth initiativeslimitations of a/b testingidentifying big business opportunitiesroi of growth strategiescustomer lifetime valuescaling marketing efforts

Episode description

There’s big business opportunities in front of you if you stop with the small stuff. How big? Well, let’s just put it this way: our brand Slick Products had one of it’s highest revenue days ever this past weekend… … and on today’s episode we’ll tell you exactly how we did it.

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Frequently asked about this episode

What does this episode say about conversion & cro?
Stop focusing on small, incremental A/B tests and instead identify and action 'big business opportunities' that yield substantial revenue growth.
What does this episode say about paid acquisition?
Analyze your current strategies to determine if you are stuck in "small stuff" optimizations that provide diminishing returns, and shift to initiatives with large-scale impact potential.
What does this episode say about dtc strategy?
Leverage data not for micro-optimizations, but to identify and validate major growth opportunities, such as expanding product lines, entering new market segments, or strategic partnerships.
What does this episode say about conversion & cro?
Understand and utilize the Pareto Principle (80/20 rule) in your ecommerce growth—focus resources on the 20% of initiatives that will drive 80% of your revenue.
What does this episode say about conversion & cro?
Evaluate decisions based on Customer Lifetime Value (CLV); invest in strategies that significantly increase CLV rather than just focusing on immediate conversion rate.

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