Will Scully-Power


Web Analytics – The top 4 tips for digital marketers
April 25, 2010, 6:20 am
Filed under: Datarati, Uncategorized, Web Analytics | Tags:

1. Define the Web-analytics solution

A Web-analytics solution should be more than a data collection and reporting suite. Organisations must have a strategy for integrating Web data with their offline data and other data sources to drive customer intelligence.

Web-analytics is the standard by which digital-marketing performance is measured, and most Web-analytics technologies have the potential to propel enterprises beyond mere site metrics to automated actions triggered by the data collected.

Organizations must deploy a complete Web-analytics solution that has the capability to collect Web data and support the convergence of multiple data sources for integrated analysis. Such a solution should help marketers use the newly acquired insights to drive actionable online- and digital-marketing strategies.

2. Optimise the Web-analytics solution

Deploying Web-analytics solutions requires multiple toolsets. Online data is powerful because it contains customer and prospect behavior. Unfortunately, most online-data environments are extremely large and not well integrated with other organizational data sources.

To ease the burden of a Web-analytics implementation, you need to…

  • Set up a unique page-name definition for easy site-path analysis.
  • Finalize the highest-priority pages and categorize those pages to make data collection and data analysis more manageable.
  • Tag all the high-priority pages first, and focus initially on those pages for implementation.
  • Capture source and page attributes using URLs and parameters. Use tracking codes, where applicable, for attribution.
  • Validate data collection.
  • Validate and audit tag setup periodically.
  • Augment tag data with log-file analysis or available packet-sniffing technologies, where needed, for an extensive and rich data set.

3. Tie Web-analytics data to overall business-performance metrics

The biggest challenge with Web-analytics tools is translating the vast amounts of available data into meaningful information.

Accurate metrics must be established with the correct data-set collection, reporting, and measurement analysis so marketers can make sound business decisions related to interactive and digital media.

A successful metrics framework is used to understand the correlation of marketing campaigns to defined corporate goals and objectives, and is not limited to just basic response measurement but extends to true financial results and customer-value metrics.

For digital media, defining appropriate attribution tactics that cover the complete spectrum of responses is vital, and there can be different attribution tactics, as multiple campaigns could be responsible cumulatively for the response:

  • First impression: The first impression gets the credit for the response.
  • Last impression: The last campaign gets the credit for the response.
  • Equal distribution: All contributing campaigns get equal credit.
  • Weighted distribution: The credit is split among different campaigns on a weighted basis.

4. Apply usable insights to guide marketing campaigns

By leveraging the Web-analytics data with other data sources, organizations can derive key customer insights. Those insights can then lead to action via targeted marketing campaigns both online (content, and site optimization) and through email.

Using those customer insights to guide a variety of marketing campaigns will optimize overall digital marketing spend.

* * *

Web analytics is a powerful tool that marketers are leveraging as media shifts from traditional to digital.

Organizations must look at Web analytics as more than just site metrics; they must find a way to tie Web analytics to key business-performance metrics.

As companies expand their digital-marketing spend, optimizing Web-analytics tools is critical to show serious return on investment for that spend.

More: http://www.marketingprofs.com/articles/2010/3534/the-power-of-web-analytics-top-four-tips-for-marketers

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: