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Basics, Use Cases & its Applications
How eCommerce Businesses can make
best use of Google Analytics data
SpeakersModerator
Aditi Buch
Marketing Manager, Tatvic
2
Who’s Who
Anshul Bhatt
Customer Success
Manager, Tatvic
Bismayy Mohapatra
Data Science Lead, Tatvic
3
How to Interact
Click here to
expand the
Control Panel
4
How to Interact
Take a Poll Ask a Question
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
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?
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
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
Checkout Funnel
9
Checkout
Page
Optimizations
Increased
Sales and
CVR
Investigate the steps disrupting checkout phase
of the funnel
Shipping Address -> Check Pincode Delivery ->
Review Order -> Payment
Remarket on several checkout steps (Shipping
Drop off Users)
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
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
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
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
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
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
Customer LTV
16
Buys in volumes
Buys frequently
High Order Value
High Profits
Low Retention Cost
Low Acquisition Cost
Customer LTV in GA via User Explorer
17
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
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
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
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
Basics on Markov Model first
22
Navigation
Filter
Search
States of system
Transition
between states
Rate of transition
User Journeys
23
Mac’s Journey
Navigation Search Filter Conversion
Mac’s Journey
24
Navigation
Search
Conversion
Filter
Start
User Journeys
25
Mac’s Journey
Navigation Search Filter Conversion
Maya’s Journey
Navigation Unsuccessful Conversion
Maya’s Journey
26
Navigation
Search
Conversion
Filter
StartStart
ExitNavigation
User Journeys
27
Mac’s Journey
Navigation Search Filter Conversion
Maya’s Journey
Navigation Unsuccessful Conversion
Jack’s Journey
Search Filter Unsuccessful Conversion
Jack’s Journey
28
Navigation
Search
Conversion
Filter
Start
Exit
Start
Search Filter
User Journeys
29
Mac’s Journey
Navigation Search Filter Conversion
Maya’s Journey
Navigation Unsuccessful Conversion
Jack’s Journey
Search Filter Unsuccessful Conversion
Probabilities of Conversion
30
Navigation
Search
Conversion
Filter
Start
Exit
33.3%
66.7%
50%
50%
50%
50%
100%
Total Probability
of Conversion
32.75%
User Journey in GA via Custom Reports
31
Removal Effect
32
 Pin Code Checked Feature
carries the highest
contribution (35%)
Feature
Prob. After
Removal
Weighted
Conversion Cont.
Coupon Applied by User 0.76% 11%
Filter 0.84% 5%
Image Change 0.78% 9%
Internal banner 0.84% 5%
Pin Code Checked 0.43% 35%
Recommendations 0.81% 7%
Search 0.79% 9%
Size Guide Clicked 0.76% 11%
Top Nav Clicked 0.80% 8%
Try and Buy 0.89% 1%
 Coupon Applied and Size
Guide carries same
contribution to conversion
(11%)
 Try and Buy carries the
least attribution to
conversion (1%)
Transition Matrix
33
Insights on Transition Matrix
34
Internal Search
Optimization?• Exit from Search feature58%
Transition Matrix
35
Insights on Transition Matrix
36
Internal Search
Optimization?• Exit from Search feature58%
• Conversion from Coupon Applied17%
Discount Coupons
Usage?
Transition Matrix
37
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?
Further Use Cases of Markov Model
39
Multi Channel Attribution Model
Ref: Semrush
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.
Any Questions?
41
Ask away!
A Token of Gratitude
42
Use the following coupon code & get a free Google Analytics audit
WEB-J1118-GAAUDIT
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
THANKS!
44
●Your data speaks. We help you listen to your data.

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How eCommerce Businesses Can Make Best Use of Google Analytics data

  • 1. Basics, Use Cases & its Applications How eCommerce Businesses can make best use of Google Analytics data
  • 2. SpeakersModerator Aditi Buch Marketing Manager, Tatvic 2 Who’s Who Anshul Bhatt Customer Success Manager, Tatvic Bismayy Mohapatra Data Science Lead, Tatvic
  • 3. 3 How to Interact Click here to expand the Control Panel
  • 4. 4 How to Interact Take a Poll Ask a Question
  • 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
  • 9. Checkout Funnel 9 Checkout Page Optimizations Increased Sales and CVR Investigate the steps disrupting checkout phase of the funnel Shipping Address -> Check Pincode Delivery -> Review Order -> Payment Remarket on several checkout steps (Shipping Drop off Users)
  • 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
  • 17. Customer LTV in GA via User Explorer 17
  • 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
  • 25. User Journeys 25 Mac’s Journey Navigation Search Filter Conversion Maya’s Journey Navigation Unsuccessful Conversion
  • 27. User Journeys 27 Mac’s Journey Navigation Search Filter Conversion Maya’s Journey Navigation Unsuccessful Conversion Jack’s Journey Search Filter Unsuccessful Conversion
  • 29. User Journeys 29 Mac’s Journey Navigation Search Filter Conversion Maya’s Journey Navigation Unsuccessful Conversion Jack’s Journey Search Filter Unsuccessful Conversion
  • 31. User Journey in GA via Custom Reports 31
  • 32. Removal Effect 32  Pin Code Checked Feature carries the highest contribution (35%) Feature Prob. After Removal Weighted Conversion Cont. Coupon Applied by User 0.76% 11% Filter 0.84% 5% Image Change 0.78% 9% Internal banner 0.84% 5% Pin Code Checked 0.43% 35% Recommendations 0.81% 7% Search 0.79% 9% Size Guide Clicked 0.76% 11% Top Nav Clicked 0.80% 8% Try and Buy 0.89% 1%  Coupon Applied and Size Guide carries same contribution to conversion (11%)  Try and Buy carries the least attribution to conversion (1%)
  • 34. Insights on Transition Matrix 34 Internal Search Optimization?• Exit from Search feature58%
  • 36. Insights on Transition Matrix 36 Internal Search Optimization?• Exit from Search feature58% • Conversion from Coupon Applied17% Discount Coupons Usage?
  • 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
  • 44. THANKS! 44 ●Your data speaks. We help you listen to your data.