Posts

Most likely your Conversion Rate is Wrong

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I am sorry to break this news to you but chances are that your conversion numbers are all messed up. Let me demonstrate it with an example. Let’s take a simple conversion process, see the figure below. Let’s assume that you get 100,000 visitors on your site, and 20,000 start the checkout process, 15,000 make it the next step and finally 5,000 end up converting. Based on your web analytics tool your conversion rate will be 5,000/100,000 = 5% . So far everything looks good. But what if your checkout path looks something like this? Do you see the phone number? I bet many customers are using that phone number to complete the purchase. Are you taking those, who call and convert, into consideration when calculating the conversion rate? Do you know that when someone picks up the phone to call he/she has a higher likelihood of converting? Taking the example above, here is how your conversion funnel looks like: Most of the web analytics tools just allow you to see a view of single channel co...

Conversion Optimization: Go Beyond A/B Testing and MVT

A/B testing and MVT are a great way to help you drive more conversion on your website. A/B testing and MVT help you decide the best layout, headlines, images, message copy etc. that motivates the visitors to complete a transaction. However, A/B testing and MVT will only get you so far. If a visitor does not complete a transaction during later steps of the funnel then there are generally other reasons than those that can be simply fixed by changing the page layout, copy, images etc. . Don’t get me wrong, I am not saying that you can’t improve conversions by optimizing later steps of the funnel. You can, but you will get to a point of diminishing return and you will need something else to drive more conversions. Moreover, the learning from A/B and MVT will only help you going forward but you will lose many customers while you are doing the tests. Keep in mind that as a visitor moves down the conversion funnel his/her commitment to complete the transaction (convert) increases. If you ...

Are you Optimizing the Wrong Steps of the Conversion Process?

Due to organizational structure, many marketers/analysts get a partial view of the customers’ conversion process data.  This result in them optimizing the wrong steps of the conversion funnel /channel. Read below about a shopping experience I recently had, it will make it clear how this narrow view can come in the way of an organization's ability to effectively optimize the right step/channel in the conversion path.  I was recently in the market to buy a laptop. I had a Lenovo laptop in past, which I really liked, so I decided to buy another Lenovo laptop. I went to their site, configured the laptop and chose various options. When I got to the last step, I decided to contact a live person because I was not sure of all the options that I had picked. I clicked on the little chat button on their site and connected with a sales guy. The person asked me to save my order (create an account etc.) so that he can find the order and help me with it. I did what he told me to but to my di...

Sentiment Indicator: Social Media KPI

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People talk, they say good things about a brand, they say bad things about a brand or they just talk. Social media has become a place for people to make sure whatever they are saying is heard loud and clear by their friend and followers on Facebook, twitter, blogs etc. Going through all this social media chatter to understand and figure out what is going on about your brand is a very labor and time intensive work. Even though many Social Media Monitoring tools have done a great job in aggregating the data from various sources, but to understand the context of those conversation and provide that to marketers in a meaningful way still needs a lot of work. Currently it really needs a human to understand the full context of the conversations and understand the sentiments of consumers. However there are some metrics that can provide you a measure of the sentiments (positive or negative) of these conversations and indicate which direction they are going. Social Media Sentiment M...

QR Code Analytics

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QR codes have started to pop-up in lot of places such as store display, business cards, online ads, postcards etc. Whether QR codes are here to stay or not but from the measurement perspective they do present a huge opportunity in measuring advertising's (particularly offline) effectiveness. If you are one of those marketers who have embraced QR code or are thinking about it or just curious to know how QR code measurement works then this post is for you. Measuring URLs in QR Codes You won’t be able to measure the number of impressions of the QR codes if they are distributed offline. What you can measure is how much traffic those QR codes are driving to your site or to your pages on 3rd party sites like facebook page, twitter account etc. Measuring QR code links to your site Measuring QR codes that sends user to your site is as simple as campaign tracking. Just add the campaign tracking variable to the URLs that you have in your QR Codes and treat it like any other campaign. ...

Underline the Clickable Text and Link the Pictures

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Sometimes there are things that you know are not right and need to be fixed immediately rather than testing and waiting for the result. Such was a case that I recently encountered and the results were amazing. Recently, I was working with a client who sells people expertise (I am purposely vague here because I don’t want to reveal the name of the client). The “Expert” search is the start of the process and then “Expert Search result” page is a second step in the process. On the expert search page, each expert is listed with a small blurb and the name of the expert was linked to the next step of the “checkout process”. When analyzing the “checkout” process we noticed that there were 2 things missing The name of Expert was not underlined – it was linked to the next step in the “checkout” funnel but not underlined. Also, that was the only call to action on that page i.e. to click on the experts name to go to the next step. The picture of the Expert was static and had no link whatsoever...

Context is Critical: Creating a Culture of Web Analytics

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Continuing my series on Creating a Culture of Analytics I would like to touch on a very critical aspect of creating a culture of Web Analytics and that is Context. What is Context According to Princeton.edu context is Discourse that surrounds a language unit and helps to determine its interpretation the set of facts or circumstances that surround a situation or event Context takes the ambiguity out of the equation. As an Analyst it is very important that you provide full context when reporting your web analytics data. Context gets everybody on the same page. Do not leave anything for interpretation by the end users of your reports, give them the insights in a simple and easy to understand format . Let’s look at an example to understand critical context is. 60 Degrees If I say it is going to be 60 degrees tomorrow. What will be you reaction? If you are in Minnesota – You will yell “Summer” If you are in Seattle, you will think – ““Spring” If you are in Florida, you will say “ Damn… Co...