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Revenue Team February 25, 2004. Agenda. Introduction Revenue Email Promotion Cart Page Redesign and Sales Site Team Tasks on Deck Terrorism Product Plan Next Steps. February Revenue Target. Revenue Targets – 1Q Quarter 2004. February Renewals – Gulf War Subscribers.
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Revenue Team February 25, 2004
Agenda • Introduction • Revenue • Email Promotion • Cart Page Redesign and Sales Site • Team Tasks on Deck • Terrorism Product Plan • Next Steps
February Renewals – Gulf War Subscribers • Strategy with 1,000 Gulf War Subscribers • Low conversion rate in 2003 – Less than 2% converted to premium • Currently conducting conversion/price sensitivity testing with current February Basic subscribers • Testing “two years for the price of one” at $249, $349, and $449 • Will go to GW 100 subscribers with best offer, test, then go to the remaining GW subscribers with acceptable price • Every 100 GW subscribers converted to premium at $249 is approximately $25,000
Email Promotion Objectives • Convert prospects to trial • Convert trials to basic or premium service • Up sell basic to (4) premium service • Up sell trail to premium • Up sell premium to 2nd year at reduced rate • Up sell premium to group subscriptions or cross sell premium
objectives of promotional pages • co-branded with partner • personalized by type of buyer • personalized by promo pitch/offer • promote and drive up sell opportunities • dynamic areas allow customization • on-the-fly customization capability • “refer a friend” viral marketing • one-click away from trial or buy
objectives of .com pages • convert prospects to trail subscriptions • one click away from subscribing • immediate buy opportunities • promote and drive up sell opportunities • “refer a friend” viral marketing