If you are an eCommerce store and have the basic Enhanced Ecommerce GA implemented, you shall get insights into what business decisions you can take from your GA reports without bringing in more of predictive analysis and data science.
Basic understanding of Enhanced Ecommerce Reports
1) The Shopping Behavior and Checkout Funnel
2) Product Performance Reports
3) Product List Performance Reports
4) Internal Promotion Reports
Using CLV model on your GA data to know your best customers
Minimizing the conversion path for your customers using feature attribution and hence driving in more conversions.
5. OUTLINE
5
1 Enhanced Ecommerce – An
Introduction 2 The six utilitarian EE
Reports
3
Knowing Your Best
Customers using LTV
models
4
Optimize the conversion path
using Markov Chain Feature
Attribution
6. Introduction
6
3 Questions to answer:
What do the several Ecommerce reports under
“Conversion” section mean for my business?
Can Google Analytics help me identify my high
value customers?
Can Google Analytics dissect my user journeys
to help me optimize their online experience?
7. OUTLINE
7
1 2 The six utilitarian EE
Reports
3 Knowing Your Best
Customers using LTV
models
4 Optimize the conversion path using
Markov Chain Feature Attribution
Enhanced Ecommerce – An
Introduction
8. Shopping Behavior
8
Know where users drop off from ecommerce
funnel
Analyze Abandonments using Dimension Filters
(Device, Region, Source..)
Remarket to dropped off users (Shopping Cart
Abandoners)
Transactions
Conversion Rate
Drop-offs
10. Product Performance Report
10
Measure performance
of individual Products,
Product categories,
Product SKUs, Brands
Take marketing
decisions to promote
aggressively or to stop
certain products/brands/
SKUs
Measure
Performance of
Products, Brands,
Categories
Drill Down into
Purchase funnel
(Shopping
Behavior Tab)
Decide to
promote or stop
selling certain
Products, Brands
11. Sales Performance
1111
Check accuracy of
reported transactions in
GA vs CRM via unique
transaction identifier
Apply custom reports on
transaction id to know
which product category
and brands are incurring
major shipping charges
Analyze #quantity,
#revenue, #taxes,
#shipping charges for
each transaction over
different dates
Compare
accuracy of
transactional data
in GA vs CRM
Check revenue,
quantity, shipping
charges and
taxes
Report products,
brands incurring
major shipping
charges
12. Market Basket Analysis (Product Performance and Sales Performance
Reports)
12
Form clusters of products
categories that users usually bought
together
Cross sell to users who have
bought one or more of the related
products
13. Product List Performance
13
Analyze which product feed and features lead to
conversion
Track list names – Catalog, Search, Wishlist,
Related Products, Recently Viewed
Maximize CTR and conversions from cross
selling and upselling
Product
Positioning
14. Internal Promotion Report
14
Measure
CTR of Banners on website/ app
Last Click Transactions and Sales
Analyze
Reports for banner names, id and
creative
Position of banner on website/app
Act
Restructure position of banner
based on #clicks
Remove banners with low CTR and
promote with high CTR
15. OUTLINE
15
1 2 The six utilitarian EE
Reports
3 Knowing Your Best Customers
using LTV models 4 Optimize the conversion path using
Markov Chain Feature Attribution
Enhanced Ecommerce – An
Introduction
16. Customer LTV
16
Buys in volumes
Buys frequently
High Order Value
High Profits
Low Retention Cost
Low Acquisition Cost
18. Predictive LTV Process
Channel Product
Category
CampaignAcquisition
Period
Custom
Attribute
Data
Extraction
Extract transactional and
behavioral variables for all
users acquired during a
cohort of N days
LTV
Prediction
Run LTV Model to predict the
future revenue, expected
number of transactions and
probability of staying alive
Rank your users,
acquisition channels,
campaigns and more
Analysis &
Reporting
18
19. Predict LTV of User
Channel
City/ Region
Product
Category
CampaignHigh LTV Cities / Regionsuisition
Period
1
2
3
4High LTV Sources / ChannelsPeriod
High LTV Campaignsuisition Period
High LTV Products / Brandsuisition
Period
Rank LTV of Users and Find out:
17
20. OUTLINE
20
1 2 The six utilitarian EE
Reports
Knowing Your Best
Customers using LTV models 4
Optimize the conversion path using
Markov Chain Feature Attribution3
Enhanced Ecommerce – An
Introduction
21. Feature Attribution Importance
21
Which Features are
helping your users
convert on your
website/app
Which Features are
leading to users exiting
from your website/app
Which Features of your
product need
optimization in The next
release
22. Basics on Markov Model first
22
Navigation
Filter
Search
States of system
Transition
between states
Rate of transition
38. Insights on Transition Matrix
38
Internal Search
Optimization?• Exit from Search feature58%
• Conversion from Coupon Applied17%
Discount Coupons
Usage?
• Exit from Internal Banner45%
Internal Banners
Creative design?
39. Further Use Cases of Markov Model
39
Multi Channel Attribution Model
Ref: Semrush
40. Feature Attribution Process
40
Extract data from
BigQuery/ Google
Analytics
Select Features
and Perform
Markov Modeling
Use Removal Key
Effect and Build
Transition Matrix
Analyze Insights
and Incorporate in
Product Dev.
42. A Token of Gratitude
42
Use the following coupon code & get a free Google Analytics audit
WEB-J1118-GAAUDIT
43. Upcoming Webinar
43
Topic: How eCommerce Businesses Can Multiply Sales with
Advanced Analytics on Google Analytics 360 Data
Speakers: Anshul & Bismayy
When: Thursday - Feb 08, 2018
Time: 8:30 PM IST