I'm having a discussion about running a follow up test after an A/B test that didn't yield a significant result. So we have tested an existing control page (C) with a horizontal layout versus a new variation (V1) with a column layout. After two months of execution, the variation V1 has a revenue that is 2% higher than the control page C, but the chance to beat original is only 58%. So we decided to stop the test, because it seems very unlikely to get a significant result.
Now we want to modify the variation and start another test. My idea is to create a new variation (V2) and test it against the old control page (C): C vs. V2.
But my coworker rather wants to test the better performing V1 variation against another variation: V2 vs. V1.
What is the proper way to handle this? Should we test C vs. V2 — or V2 vs. V1?
The 1st followup should be: What makes the 2% revenue bump in V1?
Based on what you've learned from the question, you can apply what you've learned to either your control or V2.
It's important to keep iterating (C > V1 > V2), and it's equally important to analyze the tests so we can learn from them!