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Web Analytics: Free Yourself from Analysis Paralysis
 

Web Analytics: Free Yourself from Analysis Paralysis

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Erin "Loudfinity" Steinbruegge presents at MarketSTL on Web Analytics and How to Break Free of Analysis Paralysis. Includes a link to a free website anlaytics dashboard.

Erin "Loudfinity" Steinbruegge presents at MarketSTL on Web Analytics and How to Break Free of Analysis Paralysis. Includes a link to a free website anlaytics dashboard.

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  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts
  • Note that many blogs should look at bounce rate of NEW visitors, since it’s expected that recurring visitors will view the latest post and not a lot of older posts

Web Analytics: Free Yourself from Analysis Paralysis Web Analytics: Free Yourself from Analysis Paralysis Presentation Transcript

  • Erin Steinbruegge Market STL Fall 2010 Free Yourself From Analysis Paralysis
  • [email_address] @steinburglar linkedin.com/in/erinsteinbruegge facebook.com/erin.steinbruegge How You Can Reach Me
    • Partner and Lead Marketing Strategist @theloudfew.
    • SEO and PPC Consultant and Instructor at Buzzhound Learning Labs.
    • Why Website Analytics is Important
    • Measure ROI
    • Troubleshoot issues
    • Gain business intelligence
    • Testing
    • Optimize performance
    • This is an EXCITING time for website analytics
    • Many great free options available
    • Programs are more robust and integrated than before.
    • Website analytics isn’t just for websites anymore…
  • Everything from your phone to your TV is becoming more measurable
  • The Analytics Geek is Evolving into a Hero
  • events referring websites visits exits campaigns bounce rate conversions traffic sources subscriptions keywords abandoned funnels landing pages PPC newsletter blog SEO banners affiliates mobile But How Do You Make Sense of All of This Data?
    • 5 Causes of Analysis Paralysis
    • Goals are not clearly defined
    • You’re using “out of the box” reports
    • You aren’t focusing on actionable metrics
    • You aren’t testing or you are afraid to fail
    • Analytics was installed improperly or you selected the wrong analytics program.
    • So How Do We Go from Analytics Zero to Hero?
    • Goals for Today:
    • Organize your analytics program
    • Focus on actionable metrics
    • Start testing and failing
  • Step 1: Get Organized
    • Define Website Goals
    • EVERY website has goals, EVERY campaign has goals
    • Set both short-term and long-term goals
    • Be specific and write them down
    • Define Key Performance Indicators (KPI’s)
    • KPI’s are unique to each company
    • Interview business leaders and decision makers
    • Create a list of all KPI’s
    • Create a Measurement Dashboard
    • Track your progress towards goals
    • Set defined checkpoints for measurement
    • You can download a free analytics dashboard here: http://www.theloudfew.com/blog/website-analytics-dashboard/
    • Validate Your Installation & Analytics Program
    • Incorrect or incomplete installs are very common.
    • Compare reports with internal data such as server logs, sales reports, etc.
    • Have you selected the right analytics program?
  • Analytics Programs Are Not 1-Size-Fits-All
    • Configure Custom Reports
    • Standard “out of the box” reports are not useful
    • Custom reports give you a quick view of actionable metrics and important KPIs.
  • Google Analytics Custom Reports Example
  • Step 2: Learn to Focus on Actionable Metrics
    • 3 Characteristics of Actionable Metrics
    • Don’t require an opinion
    • Highly relevant to your business goals
    • Required action is instantly obvious and useful
    • Stop Focusing on Visits
    • Hits, Visits and Sessions are all fairly useless metrics
    • Measure what people are doing on your website
    • Understand Conversions Rates
    • Default conversion formula = conversions/ visits
    • But should it be conversions/ unique visitors ?
  • Conversion Rates Example
    • Many first visit conversions
    • Short buying cycle
    • Low commitment
    • Little research required
    • Small investment
    • Takes several visits to convert
    • Long buying cycle
    • High commitment
    • Much research required
    • Large investment
    conversions / visits conversions / unique visitors
    • Use Event Tracking
    • Measure user events such as watching videos or downloading whitepapers
    • Gain insight into the type of content your target audience prefers
  • Event Tracking: Insight to Audience Behavior
    • Use Advanced Segments
    • Quickly isolate subsets of traffic for deeper insight
    • Slice data by organic vs paid traffic, visits worth a certain $ value, etc.
    • Quickly answer questions from clients or upper management
  • Creating Advanced Segments
  • Advanced Segments Example
    • Bounce Rate is Beautiful
    • Bounce rate of top landing pages
    • Bounce rate by keywords
    • Bounce rate by campaign
    = Massive Optimization Opportunity
  • Fix This Page!
  • Step 3: Test and Fail
    • Start A/B Testing Now!
    • A/B testing is critical to improving conversion rates
    • It’s a must that you test conversion pages and landing pages for paid campaigns.
  • Less than 40% of Marketers Currently A/B Test Hubspot: What’s Worth A/B Testing? Webinar 2010
    • What Elements Should You A/B Test?
    • Buttons and “call to action” links
    • Headlines
    • Copy
    • Offers
    • Images
    Hubspot: What’s Worth A/B Testing? Webinar 2010
    • Examples of Some Tools That Help You A/B Test
    • Google Website Optimizer
    • SiteSpect
    • Omniture Test&Target
    • Your email marketing program
    • Final Tip: Fail Faster
    • The faster you fail, the faster you succeed
    • Give each test adequate budget and traffic
    • Understanding a fail is a victory
    • Additional Learning and Recommended Reading
    • Google Conversion University
    • Web Analytics 2.0 by Avinash Kaushik
    • Occum’s Razor by Avinash Kaushik (blog)
    • Google Analytics Youtube Channel
  • Thanks! [email_address] @steinburglar linkedin.com/in/erinsteinbruegge facebook.com/erin.steinbruegge