Improving Marketing ROI With Web Analytics by Kyle Bumgardner

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Who Is Your Customer? 1 CONFIDENTIAL WebsiteBiz

description

How marketers can use web analytics data to make informed media decisions and improve ROI across online and offline marketing initiatives. Outline of best-of-breed web analytics platforms currently in use throughout the industry, along with key metrics that help marketers make informed decisions.

Transcript of Improving Marketing ROI With Web Analytics by Kyle Bumgardner

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Who Is Your Customer?

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Improving Marketing with Web Analytics

Web Analytics Defined

Leading Web Analytics Solutions

Getting Started

Case Study

Q & A

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What is Web Analytics?

Web Analytics: A process for collecting data,

conducting analysis, and reporting Web site

activity and results.

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Why Web Analytics?

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Why Web Analytics?

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Why Web Analytics?

“Firms use web analytics to optimize

customer experience and marketing”

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What Can We Track?

Things like…

• How People arrive at a website

• How they navigate a website

• How they find information on a website

• How they value website content

• How they respond to calls-to-action

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How Do We Track?

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We need web analytics tools to help:

1. Understand what customers do online

2. Find opportunities

3. Drive customer experience and marketing

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Changing Marketing Landscape

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Changing Marketing Landscape

The Web Analytics market is maturing:

• Vendors consolidating and expanding

• Fewer executives are asking “What is web analytics?”

• More are asking “How can we leverage Web analytics

to make better business decisions?”

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Choosing a Web Analytics Solution

All Web analytics solutions collect data and

generate reports.

But that’s where the similarities end:

• Diverse data collection and reporting

• Add-ons to base products

• Confusing pricing models

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Choosing a Web Analytics Solution

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Choosing a Web Analytics Solution

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Source: Forrester Wave Web Analytics – Q3 2007

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Web Analytics Solutions

Strongest Performer

Powerful and flexible

Deep data analysis and segmentation

Excellent 3rd party application integration

Best suited for medium and large organizations

Pricing based on page views

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Source: JupiterResearch Executive Survey 2007

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Web Analytics Solutions

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Source: JupiterResearch Executive Survey 2007

What’s New?

• Video Measurement

• Web 2.0 - RSS Feeds, Blogs, Streaming Media

• “One-minute distribution of dashboard reports”

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Web Analytics Solutions

Largest Market Share

Powerful and Flexible

Advanced segmentation and analysis tools

More upfront work to implement

Need internal resource to manage and maintain

Best for medium to large enterprises

Pricing based on page views

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Source: JupiterResearch Executive Survey 2007

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Web Analytics Solutions

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Source: JupiterResearch Executive Survey 2007

What’s New?

○ Web 2.0 Reports – RSS Feeds, Blogs, Streaming Media

○ Drag & Drop to create ROI calculations

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Web Analytics Solutions

Strong Market Share

Considered a Contender

Streamlined and Simple Interface

Integrates nicely with Adwords

Limited customization and advanced tracking

Best for small businesses

Price is Right = Free!

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Source: JupiterResearch Executive Survey 2007

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Web Analytics Solutions

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Source: JupiterResearch Executive Survey 2007

What’s New?

○ Updated Visual Interface

○ Competitive Benchmarking

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“# 1 obstacle to successful Web analytics

is figuring out how to take action

from the data collected.”

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Source: Forrester Research Executive Survey 2007

Become an Action Hero!

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Getting Started

5 Steps to Effective Web Analytics:

1. Measure

2. Report

3. Analyze

4. Optimize

5. Innovate

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Establish What You Will Measure

• Determine the type of site you have

• Determine your business objectives

• Define Your Key Performance Indicators (KPI’s)

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Measure

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Determine Your Site’s Purpose

Basic Site Categories

• Ecommerce

• Content and Advertising

• Lead Generation

• Customer Support

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Define Key Performance Indicators

Typical KPI’s

• Page Views

• Visits and Unique Visitors

• Orders and Revenue

• Conversion Rate

• Leads and Cost-Per-Lead

• Registrations, Newsletter Sign-ups

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Master the 5 Steps

Optimize and Innovate:

• Take calculated risks

• Decisions based data

• Integrate tactics

• Reward top visitors

• Provide incentive to challenging visitors

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Thank You

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Kyle BumgardnerDirector [email protected]

WebsiteBiz: A Digital Marketing Agency1704 East Blvd.

Charlotte, NC 28203

o. 704.338.1727

c. 704.813.4636

www.WebsiteBiz.com

www.MarketerInsight.com

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Web Analytics Resources

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Useful Industry Sites

• www.WebAnalyticsDemystified.com

• www.WebAnalyticsAssociation.org

Vendor Blogs

• Analytics.blogspot.com

• Blogs.omniture.com/author/mbelkin/

• Webtrends.com/Resources/ExpertWebcasts.aspx