First announcement of TurnTo performance data
This will sound like self-promotional hyperbole, and I’m going to say it anyway. When we started TurnTo a bit over 2 years ago, it was clear that the viability of the business hinged on delivering measurable, positive business results for the ecommerce sites we planned to have as customers. But, of course, there was no way to know for sure what the numbers would look like without building a product and finding customers to really use it. So we plunged in, built the product, brought merchant partners on board, gained experience, and put in place the systems to measure if we were really doing any good. And today, in conjunction with three of our partner merchants, we announced some actual results. So this is the self-promotional, hyperbolic part: it truly did not occur to me when we set out that we’d be able to deliver numbers this positive. I thought if we would able to show a conversion effect of 10% or 20% we’d be doing pretty well. And here’s the data from over the holidays for these three sites:
Conversion rate of shoppers who opened the TurnTo widget vs. the baseline (shoppers who didn’t):
- Jomashop.com (IR #209) Watches and luxury goods: 6 X the baseline (i.e. 500% higher)
- ChristianCinema.com, Christian-themed DVDs: 8X the baseline
- ePartyUnlimited.com, gifts and party supplies: 8X the baseline
To be sure, we know we’ve got a lot more measurement work to do before we fully understand the effect the TurnTo system is having on shopping behavior. But still, after 2 years, it’s very nice to be able to announce numbers like these.