Webinar
Rishi Rawat
Founder
The webinar, hosted by Divyansh from Wingify, features Rishi from Frictionless Commerce, who shares insights on experimentation and conversion rate optimization. Rishi introduces a new concept his team has been developing, emphasizing the need to focus on a smaller audience segment for better conversion rates.
Rishi explains his strategy of ignoring 80% of people who will never convert, recognizing that 4% are already buying, and focusing on the 16% who are potential buyers. He discusses the importance of creating a mechanism for those who need more convincing to raise their hands, and then displaying a hyper-targeted, statistically valid, needle-moving sales pitch to them.
He also addresses the concept of 'risk' in the buyer's mind, arguing that even with a return policy, buyers still perceive risk. He emphasizes the need to construct a sales pitch that addresses this anxiety, and the importance of testing multiple variations to identify this anxiety.
During the Q&A session, attendees like Ethan and Fanal are given the opportunity to ask questions directly. Rishi's approach encourages audience participation, with attendees sharing their thoughts and questions throughout the session.
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