5 ways to improve your web analytics
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As presented by Jim Hazen, Capstrat's Director of Analytics at the 2010 Internet Summit in Raleigh, NC.
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5 ways to improve your web analytics
- 1. 5 quick ways to improve your web analyticsJim Hazen, capstrat November 17th, 2010
- 2. The narcissist slide Jim Hazen Capstrat Analytics Director @hazenj jhazen@capstrat.com
- 3. Topics we shall explore Have a reason to exist The fallacy of averages Illumination of segmentation Measuring ‘engagement’ Beyond the short-term success
- 4. If you have no objective, than any measurement will do
- 5. 5 Does your current report look like this? Your business gets paid for outcomes not page views. Measure accordingly!
- 6. #1: Have a reason to exist 6 Scenario 1: You own an online jewelry store Objectives: Sell more stuff Make a profit Increase average order value Generate repeat purchases (lifetime value) Notice how time on site or page views aren’t listed?
- 7. #1: Have a reason to exist 7 Objectives: Increase volunteers Grow donations Communicate news and opportunities Metrics: View the contact us page Volunteers Online donations Newsletter subscribers Scenario 2: You run a non-profit website There are a million things you can measure but only a few that can change the business.
- 8. #1: Have a reason to exist 8 Scenario 3: You run a structural engineering consultancy Objectives: Increase sales leads Promote products and services Metrics: Leads Downloads of product sheets Visits that read key content
- 9. Averages hide the distribution of behaviors. Don’t rely solely on averages in your analysis! #2 : The fallacy of Averages 9
- 10. 10 Does your current web analytics report look something like this?
- 11. #3 : The illumination of segmentation
- 12. 12 #3 : The illumination of segmentation Compare segments and drill underneath what content these visitors view to create more targeted marketing efforts.
- 14. Traffic Sources
- 15. Behavioral – viewed certain content
- 16. Achieved Goals vs Non-Achievers
- 18. #4 : Measuring “engagement” 15 First question…. What the hell is engagement? “Engagement” is not a metric, it’s an excuse – AvinashKaushik Σ(Ci + Di + Ri + Li + Bi + Fi + Ii) – Eric Peterson My take? No standard answer to engagement, its unique to each company/website. So what are some ways to do this?
- 19. #4 : Measuring “engagement” 16 Segment on Site Behaviors: Create custom segments by piecing together metrics around Page Depth, Loyalty, Visit Duration, and Recency. Problem is you have define what is ‘good’.
- 20. #4 : Measuring “engagement” 17 Create a Micro-Conversion scoring: Give values to each of the small micro-events on your site that you think are valuable. You have to define what each conversion is worth. Stolen from Omniture blog
- 21. 18 #4 : Measuring “engagement” Now you have a quantifiable way to evaluate ‘Engaged’ Create segments and see what they’re doing.
- 22. 19 I got the conversion, I’m done right?
- 23. # 5:Beyond the short-term success 20 Don’t just stop at the conversion on your website. Measure the lifetime value. Best way is to integrate with your CRM. Web analytics tool of choice CRM tool of choice
- 24. # 5:Beyond the short-term success 21 Create a unique identifier on your lead form/order confirmation that is passed to your web analytics vendor as well as your CRM system. CRM Lead form Set a Custom Variable for your web analytics: CRM record with LEADID-123456 pageTracker._setCustomVar( 1, “Lead-ID", “LEADID-123456", 3
- 26. What are the touch points that leads to a sale?
- 27. Do these visitors purchase more in the long run?
- 28. What sources of traffic/tactics generate the best customers?
- 30. Thanks and enjoy your day! Twitter: @hazenj Email: jhazen@capstrat.com Google: “Jim Hazen”
Editor's Notes
- About me, CapstratCapstrat is PR/ad/interactive agencyHelp Capstrat show value for campaigns we run (offline and online)Also consult clients on how to use data to drive business decisions – what to capture, how to capture, etc
- Without a goal than there is nothing to measure or optimize. You need to have an idea of what constitutes success.
- If you only look at the averages you fail to see the actual behaviors. Example – average is 4.7 but 59% only view one page! Other end of spectrum you have 5% that view 20 plus pages. Use segmentation with this to see how different groups consume content.
- Don’t stop with averages as they don’t tell the whole story. Create segments based on behaviors, geos, sources of traffic.
- You’ll be shocked the differences in segment behaviorsUse knowledge in targeting/re-targeting with relevant contentTraffic isnt a giant monolith, have different needs and intent – cater to it!
- Without a goal than there is nothing to measure or optimize. You need to have an idea of what constitutes success.
- Most controversial metric going right now.What is ‘engagement’?"[Engagement is] repeated, satisfied interactions that strengthen the emotional connection a customer has with thebrand.” (Ron Shevlin)“Engagement is the level of involvement, interaction, intimacy, and influence an individual has with a brand overtime.” (Brian Haven and Suresh Vittal)Really difficult to measure due to lack of consistent definition.
- Visitor Activity ScoreYou need to determine what is important in driving ultimate conversionJust measuring how long people are sites, etc are pointless without tying to outcome.
- Visitor Activity ScoreYou need to determine what is important in driving ultimate conversionJust measuring how long people are sites, etc are pointless without tying to outcome.