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How many variants to test

The number of variants you can meaningfully test depends on your audience size and primary metric.

Guidelines by audience size

Audience per sendRecommended variantsPrimary metric
5,000-20,0002 (control + 1)Open rate or click rate
20,000-50,0002-3Conversion rate
50,000-150,0003-4Revenue per exposure
150,000+4-5Revenue per exposure

Why fewer can be better

Each additional variant dilutes the traffic per variant, requiring more exposures for a definitive verdict. Two well-designed variants that test a clear strategic question will produce more actionable insights than five variants with minor copy differences.