Showing posts with label Google Analytics.. Show all posts
Showing posts with label Google Analytics.. Show all posts

Sunday, July 07, 2013

Analytics – Balancing The Creative And The Logical.

Analytics – Balancing The Creative And The Logical

Analytics – Balancing The Creative And The Logical

What makes a good analyst? Kevin Ertell from Sur La Table gave a magnificent talk at the recent E-Commerce Expo Melbourne that got me thinking.
I caught up with Kevin at the evening drinks, along with Craig Smith from Trinity Insight, and it turns out that we all have a background in the arts. Kevin is a talented bass player who played with the band Saber in Los Angeles in the 1980s, Craig is a musician and I am a painter and sculptor.
As an active analytics practitioner, I always like to know how other analysts ended up in this field. It is rare (I'd say never, but you can't rule out those black swans) to find someone who embarked upon their career with the sole purpose of becoming a web analytics professional. There are many paths to our profession, but I've noted that the analysts I respect most tend to have diverse backgrounds that include some creative passion or practice.

Foster Creative Connections

When most people hear 'analytics', they think numbers and they often assume that numbers must be one of those 'left-brained' things that only engineering types can master. I believe any good analyst must have a foot placed firmly in both camps to be effective. The best analysts look beyond the immediate and obvious to find alternative hypotheses, and these ideas don't magically appear from nowhere. Creative ideas are the results of association and memory.
Ideas take many forms, but great ideas are rarely the result of a linear sequence of rational steps. Most ideas come from random associations that we make and often the best ones result from unexpected associations. Take humor for example – a good joke or skit is the result of unexpected connections. Analytics is somewhat similar: seemingly random connections can play a big part in finding something worth reporting.
And this is where creativity comes into play (in all senses of the word). Deliberately creating these random associations has long been recognized as a way to build new connections that take us beyond the obvious. Take the Lateral Thinking methods of Edward de Bono and others, for example, which provide ways of facilitating creativity. Structured creative thinking can assist in breakthrough problem-solving in a way that no other approach can.
Analytics is far more than just looking at numbers – it is taking a deeper look at what might make a difference, and that takes ideas. Good ideas take time and are often random but using processes such asfocussed day dreamingdesign thinking and other approaches can lead to deep insights.

Release Your Inner Engineer

The problem is that ideas are cheap. We all have them in abundance and we can be far too proud and possessive of them. This is where we need to release our inner engineer to exercise some adult supervision. Rationally testing the idea is the next step, both during exploratory analysis and in the following hypothesis testing. This needs both statistical expertise and the courage to question and test your best idea just as hard as your worst one. No playing favorites can be allowed.
Sadly many analysts in the web analytics industry either lack a rigorous understanding of statistics and probability, or they don't know when and where to apply them. While their hypotheses may be interesting, they aren't going to help clients unless they can be based on real data and real testing.
Our inner engineer needs coaching as much as our inner artist.
This isn't to say that rational thinking and our inner engineer is less important. After all even Edison recognized that inspiration is only part of the process with the statement "genius is one percent inspiration and ninety nine percent perspiration". Without engineering, ideas will remain only ideas. Engineering thinking is how ideas turn into reality. Naturally any talented analyst needs both and unfortunately it can be a rare combination, particularly when you also include the need for business acumen.

Harmonizing Logic And Creativity

So my message to analysts is to get creative and learn to release the inner engineer under strict conditions. Getting these two approaches to work harmoniously together is the best way to produce the quality analysis that gets results.
What is your ideal balance between the inner artist and the inner engineer? Is it 80/20, 50/50 or something else? And what's the best way, in a busy workplace, to keep fostering the creative insights that produce our best ideas?
Please add your thoughts in comments.


Increasing Revenue by Decreasing Bounce Rate

Increasing Revenue by Decreasing Bounce Rate

Decreasing Bounce Rate
















Just the sound of it - bounce rate - tells you most of what you need to know about this website statistic. Essentially, people are finding your website, only to bounce right back off.
There are differing interpretations of bounce rate. In an article named A Web Analytics Primer - What Does It All Mean?, Jordan Louis defines it as follows: "The percentage of visitors who have accessed a website, loaded only one page, and then left.")
Each page on your site will have a bounce rate and an exit rate. The difference is that when people bounce, they enter through a page and leave through the same page without having visited any other pages. Exit rate measures the percentage of departures from that page, even if the visitor entered the website from a different site and clicked on other pages prior to leaving; they just happened to exit from that particular page.
For example, say someone finds your site's homepage, looks around a few seconds, but clicks away to another website; that's a bounce. But if someone else finds your homepage, clicks on your "About Us" page, and then clicks back to your homepage before exiting, that's not a bounce, it's just an exit.
Bounce rate is the single greatest Web Metric for measuring the quality of your content, accuracy of your messaging, and effectiveness of your value proposition. If someone won't even take two seconds to click on one of your links, something is wrong with your message. Your content could either be confusing, misleading, or untargeted, meaning the person is wasting time by staying on your site - something Web users have little patience for.
To show you how important bounce rate is in terms of revenue, let's take two websites selling the same thing. They get the same number of visitors and have the same conversion rate. The only differentiator is the bounce rate.
The typical bounce rate is between 50 and 60 percent. Let's say Site A has a bounce rate of 60 percent. That means that for every 1,000 visitors, only 400 of them are sticking around to see what the site has to offer. Typical conversion rates are between 2 and 4 percent, so of those 400 visitors, between 8 and 16 people will make some kind of purchase. If Site A's average purchase price is $500, the business is generating $4,000 to $8,000 every month in revenue opportunity.
A quick note before we move on: If you compare these typical conversion rates with your own Google Analytics data and you're not seeing between 2 and 4 percent or you're on the low end of that range, you need to take a hard look at your value proposition.
Now, on with our example: Avinash Kaushik, the Digital Marketing Evangelist for Google and a friend of mine, says you should have a goal of a 30 percent bounce rate. Let's say Site B has this 30 percent bounce rate, meaning it retains 700 of 1,000 visitors. Keeping in mind the 2 to 4 percent conversion rate, Site B boasts a revenue opportunity between $7,000 and $14,000. That's a whopping 42 percent increase in revenue! Over the course of a year, that translates to up to $180,000 from simply reducing bounce rate.
In working with clients, we focus on three main areas that impact this vital Metric.

1. Complete Our XYZ Exercise

I learned this message-targeting exercise from my friend and mentor, Darren Hardy, publisher of SUCCESS Magazine and member of our Predictive ROI board of advisors. Ask yourself what you're uniquely qualified to provide and who you're providing it for. Fill in the blanks of this XYZ statement: We do ____(x)_____ for _______(y)______ so they can ______(z)_____. To help visitors immediately self-select as prospects, post this statement on the left side of your homepage above the fold. (People read left to right, and only about 10 percent of visitors will read below the fold.)

2. Eliminate Visual Clutter

Start with your homepage and limit the images, graphics, copy, links, and offers to three main items. Do the same with all content pages. A recent Harvard Business Review article reported that more choices for consumers led to inaction. Keep all graphics and copy related to the main goal of that particular page.

3. Create A Clear Call To Action

Each page should show the visitor what to do next, such as Download Free eBookSign Up For The Newsletter, or Buy Now. Including steps in the process (Step 1, Step 2, Step 3, etc.) also makes the visitor feel safe and assisted.
By following these three simple steps, you can reduce your bounce rate by 20 percent or more, meaning more visitors will find your content and site valuable. After that, you'll only have to convince them to stick around long enough to buy.

3 Ways To Improve Web Video Conversion Rates

3 Ways To Improve Web Video Conversion Rates

3 Ways To Improve Web Video Conversion Rates
Adding a video to your website is a great way to engage your visitors, increase the amount of time they spend on your site and ultimately help you convert more visitors to customers.
Web videos come in many different styles, and different productions will work best for different types of website. You could have a website presenter, who talks directly to your visitors and explains all about the company and what you can do. Or you could have a voiceover production, which gives a brief overview of the company or your products and services and uses a mixture of images and short video clips to describe the content of the video.
Whatever form of video you choose for your site, the important factor to focus on is how well your video converts. After all, there is no point in having a lovely looking video on your site if nobody watches it or bothers to enquire as a result of watching it.
Here are 3 ways that you can improve your web video conversion rates.

1. Make Sure The Visual & Audio Quality Is High

You don't have to pay a fortune to have a professional looking video - lots of low-cost and amateur video equipment can produce the desired results. What will really make the difference to your conversion rates is the quality of the video footage and any audio you may have. If your video is grainy or the audio is hard to hear then visitors to your site will stop the video and leave your site immediately.
You should ensure your video is as high quality as possible; most computers now come with free video editing software where you can adjust the quality of both the picture and sound quality very easily and add appropriate music to portray the message to your audience that you are sending.

2. Know Who Your Video Is Designed For

Like any form of marketing, you should know exactly who your target audience is. Each type of visitor to your site will have a different agenda, and will be looking for different things from your site and therefore a separate video should be made for each different target persona.
Plan ahead to decide how your video will most appeal to your target audience and the content you will include. This could be a mixture of infographics, montage images and text based visuals – but whatever you choose to produce it needs to appeal to your target market as these will be the web visitors you are specifically looking to convert.

3. Be Focused & Specific

Each video should mention the benefits of at least 3 features of your product or service but no more than 5. Web videos should be kept to a minimum of 2 minutes (and shorter if possible) as online users have a very limited attention span and will simply tune out if your video is too long and is waffling on without making a clear point.
Determine which features best fit the wants and needs of your target audience; this could be different for each video if you are making a selection to meet the different target persona you are reaching out to but keep in mind what the top features are and stick to these in each production.

Closing Thoughts

There is no doubt that videos help improve the overall conversion rates for your website, and using the tips above will also help you to increase the success of your web video in its own right. Visitors to your site should be drawn into watching your video, engaged by it and should then want to make an enquiry as a result. If your video isn't converting then there is no point in you having it!

About Sean McPheat


Sean McPheat's picture
Sean McPheat, online entrepreneur and Managing Director of the Internet Marketing Academy, has made millions on the internet through his internet marketing skills. Sean has recently created his Internet Marketing Training programmes to help you earn more money online, so visit internetmarketingacademy.com for more information on Sean's courses.

Wednesday, June 26, 2013

5 informes personalizados de Google Analytics para medir y optimizar tu negocio online.

TRUCOS OPTIMIZACION

webanalytics.es

Categorías: Analítica webGoogle AnalyticsHerramientasTutoriales

5 informes personalizados de Google Analytics para medir y optimizar tu negocio online

Publicado el 10 noviembre 2011 por .
Los informes personalizados de la nueva versión de Google Analyticsnos permiten medir lo más relevante para nuestro negocio online y detectar indicios de aquello que merece ser optimizado.
El uso de estos informes nos permite llevar a cabo la labor de análisis y optimización de nuestro ecommerce de forma ágil, eficiente.
A continuación os propongo cómo crear 5 informes que cubren los principales ejes que contribuyen al éxito de nuestra web: demanda de producto, interacciones (microconversiones y macroconversiones), y captación de tráfico.

Rendimiento conversiones

Sabiendo que las microconversiones son importantes para la generación de macroconversiones, o ventas, este informe tiene como objetivo conocer la contribución que cada microconversión tiene para la macroconversión. Por ejemplo:
  • Conocer en que medida el hecho de que los usuarios reproduzcan un vídeo de producto propicia un incremento en ventas de producto.
  • Conocer en que medida ver la página de “contacto” o “sobre nosotros” contribuye a un incremento de las ventas.
  • - …
Para lograr un informe que recoja esta información, es necesario configurar ciertos aspectos de Google Analytics. En resumen, debemos:
  1. Identificar las microconversiones o acciones que el usuario puede realizar en nuestro sitio web y consideramos sensible de cara a la conversión: suscribirnos a newletter, realizar búsqueda, visitar ciertas páginas, compartir en redes sociales, etc.
  2. Implementar en el código de nuestra web un marcado de eventos (eventTracking), si es necesario. Por ejemplo, para hacer seguimiento del número de reproducciones de los vídeos de producto.
  3. Configurar objetivos para cada microconversión. Normalmente, diremos que un objetivo se cumple cuando vemos cierta “Página de destino”, o cuando se da cierto “Evento”.
Por último, creamos un informe personalizado en el que vamos a ver cuantas transacciones hay asociadas a cada objetivo, o microconversión.
De una forma bastante ágil vamos a ser capaces de medir y decidir que microconversión conviene optimizar.
Puedes utilizar este informe de rendimiento de conversiones en tu cuenta de Google Analytics.

Rendimiento búsqueda interna

El motor de búsqueda interno de nuestro sitio web es una fuente de información fundamental para cualquier negocio online.
Para que Google Analytics recoja la información del buscador de nuestra web tan sólo es necesario habilitarlo en la configuración de la herramienta.
Por defecto, Google Analytics ofrece métricas muy relevantes para optimizar el buscador. Por ejemplo, nos dice las palabras clave más buscadas, el número de páginas de resultados que el usuario ha necesitado ver antes de escojer el producto que más le interesa, también el porcentaje de veces que es necesario volver a buscar ya que la primera búsqueda no ha dado resultados útiles, etc.
Con todas estas métricas podemos optimizar la eficiencia de nuestro buscador. Sin embargo, por defecto no somos capaces de ver el impacto económico de cada búsqueda o palabra clave que el usuario escribe.
Con el siguiente informe personalizado vemos de una manera directa cuantas transacciones hay asociadas a cada palabra clave.
Puedes utilizar este informe de rendimiento de búsqueda en tu cuenta de Google Analytics.
Es interesante ver como no siempre las palabras clave o productos más solicitados en el buscador, no logran unos ratios de venta tan buenos como productos poco solicitados.

Rendimiento producto

Conocer los productos o categorías de producto más eficientes desde el punto de vista demanda e ingresos es fundamental. Es lo que nos dirá que productos potenciar mediante intervenciones on site o mediante estrategias de captación off site.
La mejor solución para conseguir un informe que proporcione cuanto de rentable es cada producto o categoría de producto, pasa por implementar variables personalizadas (custom vars).
Si somos un ecommerce podemos definir variables personalizadas para categoría de producto, o para marcas, o ambas. Si vendemos habitaciones de hoteles, podemos definir variables personalizadas que categoricen por localización del hotel, o número de estrellas, o ambas.
Una vez hemos implementado las variables personalizadas, podemos crear un informe personalizado muy potente y accionable. Fundamentalmente contendrá aquellascategorías, subcategorías y nombre de producto que más interés generan y mayores transacciones aportan.
Puedes utilizar este informe de rendimiento de producto en tu cuenta de Google Analytics.
Si vendemos zapatillas deportivas, ya sabremos si dar más importancia al contrato que tenemos con Nike o con Asics ;)

Rendimiento SEO

Conocer los ingresos que nos proporciona el SEO es necesario. Nos permite priorizar unas palabras clave por encima de otras, crear o mejorar determinadas landing page, además de abrir la posibilidad de invertir en otros canales de capatación de tráfico si vemos oportunidad para ello.
La creación de un informe personalizado para recojer esta información no supone ninguna implementación o configuración avanzada de Google Analytics.
El informe personalizado podria incluir las palabras clave de entrada orgánicas, las páginas de destino y el valor transaccional de cada una de estas dimensiones.
Además, podriamos incluir el nombre de producto que el usuario terminó comprando (Product Name), y así ver en que medida aquello que buscó distaba de aquello que compró. Desafortunadamente, esta dimensión aún no se puede incluir en los informes personalizados. Esperemos que en breve sea posible.

Rendimiento campañas

Conocer el retorno de inversión que supone la dedicación de recursos en ciertos canales de marketing online es fundamental. Son los datos necesario para priorizar unos canales y no otros cuando planifiquemos nuevas estrategias de capatación.
El siguiente informe contiene los datos necesarios para hayar estas cifras.

Conclusión

Si tienes unos buenos informes personalizados nunca más volverás a mirar los informes estándar de Google Analytics.