Our assignment this week asked us to research a company and report of their analytics efforts. I am choosing to keep the organization I researched private, but will report my findings nonetheless.
This report focuses on very basic website statistics such as
visits, page views, visit duration, bounce rate, visitor location (domestic or
international) and new or returning visitors. It highlights three months of
statistics. This
report does not provide information about website sales, traffic patterns, popular
pages, or referral traffic.
This second report focuses on website traffic by region. Unfortunately, it does not delve into the behaviors,
purchase or traffic patterns, or additional demographic or psychographics of
these visitors.
These reports appear to have been developed using Webtrends by the website
owner, but offer little in terms of actionable data. Below is another example of a customized Webtrends report developed by the website owner. This report shows one of the sales
funnels, which have been set up for some of the business lines (books, collections,
membership, paid video, papers, standards, and training/education). At first glance,
these reports appear to have the potential to be very useful. Until you look
closer. Notice that the number goes UP between the third and fourth steps of
the funnel. Clearly, these funnels are
not set up properly, or there are issues with the purchase path itself. If this
could be remedied, these sales funnels would allow SAE to determine where
people are abandoning the purchase process and evaluate those steps/pages and
make adjustments to improve conversions.
However, there is one additional issues with the way these funnels are
set up. There is no way to determine where traffic originates from, so even if
the funnel and/or purchase path issue were to be resolved, this data would
still be lacking some key information.
So, Google Analytics was implemented at the request of the
marketing department in an effort to better capture data related to marketing
efforts. With Google Analytics, traffic from online advertising campaigns can
be tracked.
There are a number of ways that this organization could
improve website analytics efforts. Correcting the Webtrends sales funnel
reports would be a significant improvement, which would allow the organization
to evaluate where and why people are abandoning their purchase part way through
the process and make adjustments.
Another big improvement would be to add options for
segmentation of sales funnel conversions. Segmenting by referral traffic would
provide an opportunity to evaluate each traffic source separately and determine
which channels are converting to sales, and which are not. Segmenting by
location would allow the organization to evaluate the effectiveness of regional promotional
efforts related to organizational goals.
It would be helpful to produce reports detailing sales and other
conversions from the website so that executives, and the rest of the staff, can
see how marketing and sales efforts are converting month-over-month, and
year-over-year.
Finally, it would
be useful to set up conversion tracking, via Google Analytics and/or Webtrends,
to understand customer engagement beyond the exchange of money. Since many
products this organization sells have high price tags and require commitment at the enterprise
level, it would be very useful to track other conversions that can ultimately
lead to an eventual sale.
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