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Analytics 2.0 (Foundation (Foundation tool 1 &2 (Coradiant, Maxamine),…
Analytics 2.0
Foundation
a) Clickstream
b) Multiple Outcomes
c) Experimentation and Testing
d) Voice of Customer
e) Competitive Intelligence
f) Insights
Foundation tool 1 &2
Coradiant
Maxamine
Strategy to choose analytics tool
2) 10 questions for vendors
1) 3 questions to consider
Clickstream analysis
Metrics
Engagement
tracking duration on page == degree of engagement
generally missing info on kind of engagement (good or bad)
ideas to measure that
inline/ on-exit surveys
surveys:
indirect approach of asking "likelihood to recommend"
market research company
customer retention over time
attributes of great metrics
uncomplex
relevant
timely
instantly usefu
best practices
critical few to focus
precision and not accuracy
strategic aligned tactics for impactful metrics
1) Root cause analysis of metric's performance
a) det. factors impacting conversion
acquisition strategy
organic search keyword ranks
ease of your checkout process
distribution of why people come to your site (primary purpose)
website "scent" (ability of you campaigns to deliver traffic to relevant pages)
b) collect data for the variables
c) output - top 3 areas to improve
2) Leveraging custom reports
3) Macro insights
questions to ask yourself
1) How many visitors are coming to my website?
long term trends of visits (sum of sesssion) and unique visitors
check seasonal trends
2) Where are visitors coming from?
referring URLS
Search Keywords
actionability gold mine! [esp for SEO or PPC)
check nonbranded keywords (users are at top of funnel)
3) what do I want visitors to do on the website?
self check: why does ur website exist? what are the top strategies (eg. paid campaigns, affiliates)? what do you think shld be happening on your website?
output of self check == KPIs/metrics
4) What are visitors actually doing?
top 10/20 landing pages
not just home page is impt these days!
top viewed pages
site overlay (click density) analysis
understand navigational challenges on website
understand visitor intent
abandonment analysis
Practical Solutions
segmentation
KPIs
Testing
Qualitative Data
competitive intelligence analysis
emerging analytics