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Demystifying Data for Small Businesses

Marshall Sponder
CEO/Founder of WebMetricsGuru Inc.

Author: "Social Media Analytics: Effective
Tools for Building, Interpreting, and Using
Metrics", published by McGraw-Hill, 2012.

Teacher: Rutgers University and UCI Irvine
What to cover in this 20 minute Session …….

 •   Go from 0 to 60 MPH with
     Social Analytics

 •   Choosing the right tools that
     can supercharge your
     business.
Why are Analytics Important to your Business?


  BETTER UNDERSAND YOUR CUSTOMERS
  
      Where your visitors came from (how they heard about you)
  
      What your visitors are doing in your store.
  
      Why they are leaving with out buying.
  
      What your customers are saying about you.


  BETTER UNDERSTAND YOUR BUSINESS
  
      Optimal path to complete a sale.
  
      Which campaigns are most effective.
  
      How you compare to your competition
“You can’t improve what you can't measure”
W. Edwards Deming

ANALYTICS – The discover & communication of
meaningful patterns in data

OPTIMIZATION - The process of making something as
fully perfect, functional, or effective as possible.
Where to Start?



                  Choosing the
                  best solutions
                  for your
                  business
Exposure: Google Analytics,
Compete.com, Social Mention and
HowSocialable.com.


Influence: Facebook Insights,
Edgerank, Klout, PeerIndex, etc.


Engagement: Infinigraph, Monitoring
tools such as YourBuzz and Radian6.

Conversion – Google Analytics and
Campalyst.
Streamlined Solution Example for Social Media




       Tracking where you
       customers are coming
       from
Example – Google Analytics & Campalyst – get ROI of a piece of social media.




            Original Post                            Google Analytics Social Reporting
Find out “who” and “what” that drove results on your site




Campalyst shows the tweet I made that generated the 10 visits to my site, as well as any Goals
(and Goal Values) triggered; ecommerce would be tracked as well, were I selling anything on my
site (if tracking is set up properly).
Campalyst - Posts of others that lead to traffic on my site




        Reward influencers who send traffic, so they do more of it
Facebook Edgerank
Edgerank
Tips:


Photos &
Videos
best

Sharable
Content

Promote
Comments
Infinigraph helps Improve Your Edgerank
Drive engagement by identifying & republishing compelling content in your feed.
Making sure your Prepared for Success




               Google Analytics Basics
Use Google Analytics to find the Data Story

  Mostly Local traffic




 Not using Mobile as
 effectively as it could,
 large drop-off, no
 clear conversions




 Goals were set up,
 not updated and no
 longer working
In relation to Social Media Traffic this small business is ..




                     not converting Social Media traffic to sales
                     (basic conversion tracking is also missing)
Tips for Google Analytics Success


              Track Every Page & Action on Your Site

              Ecommerce - Sales

              Set Goals – Not Just Sales
                   Sign ups
                   Form Fills
                   Share info with others

              Adwords Integration – What campaigns
              convert in to successful Goals
Streamlined Solutions for Industry Vertical




            Small Businesses need relevant
            metrics for their industry.

            Benchmarks – How do you
            compare to your competition?
Example of a Vertical Solution – Revinate (Hotels) & Restaurants




There are many vertical solutions, depending on your industry, that could provide most of the workflow and analytics you
need.
Some Great Analytics Tools for your business:

Parse.ly Dash – Find Right content to write about
Mobile Commons – Run efficient mobile campaigns
YourBuzz – Measurement and Engagement provided free
by American Express

Additional tools like Compete.com can provide
benchmarking information to set up your initial traffic
goals. requires great, timely content to spread, especially if your interested in Viral Marketing.
Social Media
Openforum readers



     1. GA site analytics, ecommerce tracking
     2. HootSuite, North Social - Content Distribution
     3. Facebook Insights (fan management, Ads)
     4. Optimizer.ly for A/B Content Testing
     5. GoSuite for Cloud Management
     6. Roost for CRM Management




                                            Source: Netbase
Summary:


     • Don't be intimidated
     • Simple & scalable solutions Exist for
       most industries
     • Learn how to interpret the data
     • Take action on what you learn
     • If you can't do this yourself get help
       from somebody who can
Contact Me:


   Marshall Sponder
   WebMetricsGuru INC.

   www.webmetricsguru.com
   www.smabook.com

   now.seo@gmail.com
   @webmetricsguru
   @smanalyticsbook




                            WebMetricsGuru INC.
Small business conference   marshall sponder - updated 6-24-12-ms

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Small business conference marshall sponder - updated 6-24-12-ms

  • 1.
  • 2. Demystifying Data for Small Businesses Marshall Sponder CEO/Founder of WebMetricsGuru Inc. Author: "Social Media Analytics: Effective Tools for Building, Interpreting, and Using Metrics", published by McGraw-Hill, 2012. Teacher: Rutgers University and UCI Irvine
  • 3. What to cover in this 20 minute Session ……. • Go from 0 to 60 MPH with Social Analytics • Choosing the right tools that can supercharge your business.
  • 4. Why are Analytics Important to your Business? BETTER UNDERSAND YOUR CUSTOMERS  Where your visitors came from (how they heard about you)  What your visitors are doing in your store.  Why they are leaving with out buying.  What your customers are saying about you. BETTER UNDERSTAND YOUR BUSINESS  Optimal path to complete a sale.  Which campaigns are most effective.  How you compare to your competition
  • 5. “You can’t improve what you can't measure” W. Edwards Deming ANALYTICS – The discover & communication of meaningful patterns in data OPTIMIZATION - The process of making something as fully perfect, functional, or effective as possible.
  • 6. Where to Start? Choosing the best solutions for your business
  • 7. Exposure: Google Analytics, Compete.com, Social Mention and HowSocialable.com. Influence: Facebook Insights, Edgerank, Klout, PeerIndex, etc. Engagement: Infinigraph, Monitoring tools such as YourBuzz and Radian6. Conversion – Google Analytics and Campalyst.
  • 8. Streamlined Solution Example for Social Media Tracking where you customers are coming from
  • 9. Example – Google Analytics & Campalyst – get ROI of a piece of social media. Original Post Google Analytics Social Reporting
  • 10. Find out “who” and “what” that drove results on your site Campalyst shows the tweet I made that generated the 10 visits to my site, as well as any Goals (and Goal Values) triggered; ecommerce would be tracked as well, were I selling anything on my site (if tracking is set up properly).
  • 11. Campalyst - Posts of others that lead to traffic on my site Reward influencers who send traffic, so they do more of it
  • 14. Infinigraph helps Improve Your Edgerank Drive engagement by identifying & republishing compelling content in your feed.
  • 15. Making sure your Prepared for Success Google Analytics Basics
  • 16. Use Google Analytics to find the Data Story Mostly Local traffic Not using Mobile as effectively as it could, large drop-off, no clear conversions Goals were set up, not updated and no longer working
  • 17. In relation to Social Media Traffic this small business is .. not converting Social Media traffic to sales (basic conversion tracking is also missing)
  • 18. Tips for Google Analytics Success Track Every Page & Action on Your Site Ecommerce - Sales Set Goals – Not Just Sales Sign ups Form Fills Share info with others Adwords Integration – What campaigns convert in to successful Goals
  • 19. Streamlined Solutions for Industry Vertical Small Businesses need relevant metrics for their industry. Benchmarks – How do you compare to your competition?
  • 20. Example of a Vertical Solution – Revinate (Hotels) & Restaurants There are many vertical solutions, depending on your industry, that could provide most of the workflow and analytics you need.
  • 21. Some Great Analytics Tools for your business: Parse.ly Dash – Find Right content to write about Mobile Commons – Run efficient mobile campaigns YourBuzz – Measurement and Engagement provided free by American Express Additional tools like Compete.com can provide benchmarking information to set up your initial traffic goals. requires great, timely content to spread, especially if your interested in Viral Marketing. Social Media
  • 22. Openforum readers 1. GA site analytics, ecommerce tracking 2. HootSuite, North Social - Content Distribution 3. Facebook Insights (fan management, Ads) 4. Optimizer.ly for A/B Content Testing 5. GoSuite for Cloud Management 6. Roost for CRM Management Source: Netbase
  • 23. Summary: • Don't be intimidated • Simple & scalable solutions Exist for most industries • Learn how to interpret the data • Take action on what you learn • If you can't do this yourself get help from somebody who can
  • 24. Contact Me: Marshall Sponder WebMetricsGuru INC. www.webmetricsguru.com www.smabook.com now.seo@gmail.com @webmetricsguru @smanalyticsbook WebMetricsGuru INC.

Editor's Notes

  1. http://blog.rewardme.com/infographics/infographic-facebook-edgerank-and-why-you-should-know-about-it/
  2. http://blog.immeria.net/2009/01/google-analytics-script-to-track.html#.T-CP07We70c
  3. Often more effective and cheaper to go with a vertical solution, such as Revinate, that monitors social media and does sophisticated text analytics, than going with a broader “listening platform