Articles in the Key Performance Indicators Category

Down about your Bounce Rate? Do these five things to improve it today!

May 29th, 2009 by Joe Teixeira

Bounce Rate - Improve it Today!Bounce Rate - the most popular two words in Web Analytics today. It’s become a cliche, a catch-phrase if you will. Everyone is talking about Bounce Rate and how good, how bad, how low or how high it is, and quite a number of folks have started to use Bounce Rate as an evaluation metric for success. I can safely speak for everyone involved with Google Analytics when I extend a huge “Thank You!” to all of you who have embraced it!

Interestingly, Bounce Rate is one of the only metrics in Web Analytics that we want less of. We want lower bounce rates, not higher, and fewer bounces, not more. A question I get asked at least three times a week by clients and co-workers alike is “How do we lower our Bounce Rate?” There are a lot of things that you can do, but there are only so many options that have proven to be effective over time. Today, let me share with you five different things that you can do - today - to start decreasing your bounce rate,  by keeping your website’s visitors engaged with your website.

1. A “Higher” Call-To-Action
Have you ever heard the expression “Out of Sight, Out of Mind“? A persuasive and engaging call-to-action that is very low on a page, say, below the fold of a page, can cause visitors to lose focus and get distracted by your content / video / latest web 2.0 toy, which may cause the visitor to hit the back button or close their browser before visiting the next page on your site. No matter how nice of a call-to-action you have and no matter how attractive the offer or pitch may be, it needs to be highly visible to your website’s audience so that they can react (positively) to it and click on it, thereby lower the number of folks who bounce off of the page.

2. A Sync with your Ads and your Landing Pages
No, I’m not talking about N’Sync - I’m talking about a strong connection between the ads and the messaging you are using with the page that you are directing all of your future visitors to go to. One of the biggest factors that could be driving your Bounce Rates higher and higher is a mixed message that you are sending to your potential visitors. For example, if your ad copy says “15% Off!”, you need to make sure that “15% Off!” is the very first thing that a visitor sees when they hit your website. If you have “multiple sizes and colors available”, direct the visitor to a page where they can choose their favorite color and the right size. Using a promo code in your ad? Create a unique landing page and have the promo code appear right away on the page, so that visitors will feel the connection between your marketing message and what’s really happening on the website.

3. Improper Tagging on your Website Pages
A silent but very deadly killer, untagged pages of your website can only do your website harm. When some pages are missing the Google Analytics Tracking Code, visitors reaching those pages will have their referral cookie updated, thereby resetting information like “google / organic”, the campaign, and the keyword they used to reach you. At all times, when uploading a new page or section to your site, stop and make sure that the Google Analytics Tracking Code is present on your new page(s) first before uploading. This will save you a lot of head-scratching, unnecessary report ugliness, and will decrease your Bounce Rate, all at the same time!

4. Writing for your audience
Khrysti / SEO Team - I haven’t forgotten about you, because I am still writing “Content Is King!” That statement definitely translates to the Analytics side of things, and helps reduce your Bounce Rate. Use a combination of Google Insights for Search, Google Ad Planner and Google Trends for Websites to get an idea of the type of traffic that your website can receive, as well as valuable demographic information which could represent your future audience. Once you are comfortable with the type of audience and volume you expect to receive, write your website’s content appropriately and specifically targeted, so that visitors will feel a connection with what you’re saying. To use an exaggerated example, you wouldn’t want to talk about the fashion stylings of the cast of “The Hills” if your website sells motorcycle insurance (This, unfortunately, happens a lot on the web and it leads to a high number of bounces).

5. Testing, Testing, 1…2…3!
Finally, it’s essential that you incorporate some program of testing and experimentation on your website on a weekly or monthly basis. Each and every week (or few weeks), you should think about some element of your website or some element of an advertisement that you’ll want to experiment with, to see which version is the more profitable and successful one. Google Website Optimizer is a fantastic product where you can easily create as many experiments as you’d like, and see clear results in no time. You can also create a Website Optimizer experiment from start to finish in well under 10 minutes, which means you won’t have to be bogged down with hours of set-up and design time. Testing and experimentation with Google Website Optimizer is one of the best ways to decrease your Bounce Rate over the long-run, while sky-rocketing your conversion rates at the same time!

So there you have it - 5 great things that you can do today to start lowering your Bounce Rate, keeping your website’s visitors engaged, focused, and happy with you!

Posted in Tealeaf, Omniture SiteCatalyst, Key Performance Indicators, WebTrends, Coremetrics, Competitive Intelligence, Urchin Software from Google, Omniture Test & Target, Google AdWords, AW Stats, Web Analytics Metrics, Google Website Optimizer, Google Analytics, A/B Testing, Multivariate Testing, Yahoo! Analytics, Site Usability, Web Analytics

What is your competition up to these days?

January 5th, 2009 by Joe Teixeira

Happy New Year readers! 2009 is going to be a comeback year for everyone - I can really feel it! Let’s make the most of this fresh and exciting New Year by stepping away from our Analytics kingdom for just a little while and focusing on our Site Intelligence efforts, such as, stepping onto the dark side…I mean…your competition!

While it is illegal to use “black hat” techniques to keep tabs on your competition (such as using “spy ware” type software programs), keeping your eyes and ears open to what your competitors are doing is a critical part of being successful online. Knowing what your opponents are up to can give you great ideas and inspiration for your own website or marketing efforts. It can (and should) also serve as an alert or warning system as to what not to do online, which can be equally as important for you.

Here are just some of the many different things you can do to stay on top of your competitor’s efforts:

1. Visit their website!
Pretty simple, right? If you know the URL of your competitor’s websites, check it out to see what they have going on. Pay close attention to how they market to their potential customer base, the language they use, and the type of sales angle that they incorporate. Be observant of the layout of their website, color scheme, navigation, and - of course - products and services offered.

2. Search for them online
See how successful (or how futile) their online marketing efforts are by searching for their brand name. You don’t have to click on their ads or organic search results - just look them up on Google and Yahoo a few times. Here, you’ll want to take note of how aggressive /  passive their marketing language is, and what incentives / discounts / promotions they are offering.

3. Sign up for their newsletter / monthly email alerts / RSS Feeds
This is an excellent way to learn “what’s hot” with you business adversaries. Normally, your competitors will promote the latest and greatest product or service to their email database, including any speaking engagements or other important announcements that they have. Learn how they speak to their database and what re-marketing efforts they are using, and consider similar methods for your own Email marketing efforts (if they are using good methods).

4. Check out their social media / blog / viral marketing programs
Are your competitors present in Facebook, LinkedIn, and Twitter? Do you know what StumbleUpon and Digg are? When was your competitor’s last blog post? If your competition isn’t focusing on any of these newer mediums, then this is an excellent opportunity to gain ground and establish a presence before they catch on. If they are already engaged in Social Media efforts, consider subscribing to their blog, their RSS feed, and “follow” or “connect” with them. They will most likely speak to their audience much differently in these mediums than they will on their website or newsletter - take note of what they are saying and doing here.

5. Do your competitors advertise / market offline?
Have you seen your competitor’s brand and products in a magazine or newspaper? Are they running a late-night infomercial or day-time TV ad? Have you heard their phone number repeated 9 times in a 30 second radio spot on your drive home from work? You may not be able to afford these mediums as they are FAR more expensive than pay-per-click advertising, but it’s good to pay attention to their offline messaging - visit their site the next time you’re in front of your computer and see if there is a connection between the ad that you read or heard and their website.

6. Look at your Referring Sites / Hostname / Domain Name Reports
Your analytics package should be able to tell you what websites have been sending you traffic, and, what domains are delivering you traffic. This is a great way to tell if your competitors are checking you out. Fight the urge to block out or exclude this traffic from appearing in your reports - keep this valuable data in your analytics package. If your competitors are really checking you out, chances are that you are doing something that has caught their attention, and you are most likely going down the right path.

7. Enable Data Sharing / Benchmarking (with Google Analytics)
Google Analytics allows for you to compare your basic website’s metrics against the averages of websites that are a similar size to yours. This is available within the Visitors >> Benchmarking report. The catch: You must anonymously share your data with Google and other services, such as AdWords, to be able to have access to this section. The benefits of knowing how you stack up against websites in your industry - and across every available industry in this section - far outweigh the risk of anonymously sharing your data with Google (keep in mind they already have your website data when you use Google Analytics, so it’s not that much of a leap of faith to enable Data Sharing in your Google Analytics account).

8. Use online research tools like Google’s Insight for Search!
Finally, get a grip on historical and current trends of keywords and key phrases with free programs like Google Trends for Websites and Google Insights for Search. You can perform searches for your competitor’s brand names and products, and you’ll be able to gauge the level of interest at global, national, and regional levels. If there are terms or key phrases gaining popularity that your competitors are using, you may want to consider jumping on those while they’re hot.

Checking out what your competition is doing can help guide your own efforts, as you learn what to do and what not to do. However, always keep in mind to play fair and behave in an ethical fashion - NEVER slander, defame, or bad-mouth your competitors on your website, your blog, or on your MySpace page. Don’t click on their pay-per-click ads, never subscribe their contact or info email to spam mailings, and refrain from posting negative reviews of their YouTube videos or their Local Submission listings.

Have a great 2009!!!

Posted in Coremetrics, WebTrends, Tealeaf, MSN Analytics, Omniture Test & Target, Competitive Intelligence, Urchin Software from Google, Omniture SiteCatalyst, Key Performance Indicators, Web Analytics Metrics, Google Website Optimizer, Google Analytics, Site Usability, Yahoo! Analytics, Google AdWords, AW Stats, Web Analytics

Three of my favorite Advanced Segments with Google Analytics

November 11th, 2008 by Joe Teixeira

Ever since Google Analytics officially released Advanced Segmentation about a month ago, I haven’t been able to stop using it. How can you blame me? It’s awesome to slice and dice data in ways I could never have sliced and diced data before - and the things that I can learn about my website’s data are invaluable.

Here are three of my favorite advanced segments (so far) with Google Analytics. In parenthesis below, I outline what each segment means. The first segment is a default segment; while the second and third segments are custom advanced segments (The names of the second and third advanced segments are also “custom”):

1.  Visits with Conversions / Visits with Transactions
(All Visits that have converted / made a transaction at some point in a visitor’s history with the website).

As I mentioned above, this Advanced Segment is one of the “default” or “pre-packaged” Advanced Segments that Google Analytics provides, without having to create your own. And, it’s one of the best ones. With it, you can see how visitors that have performed the actions that you have defined are behaving, what pages they are landing on, how often they return to your site, and anything else that you wanted to know, but were afraid to ask. You can learn a lot about your converted visitors with this segment (and get insights and ideas on what you can do to get them to convert again).

2. The Power of your Brand
(Dimension: Keyword; Condition: Contains; Value: the first word of company name; AND Dimension: Time on Site; Condition: Greater Than or Equal To; Value: 30; AND Dimension: Pageviews: Condition: Greater Than or Equal To; Value: 3)

Would you care to know how strong your brand name is, and how engaged visitors are that used your brand name or company name as their search term? This segment can give you excellent insight to your customers or potential clients who already know you by name, which means they are well beyond trying to find you, and are most likely closer to reaching out to you, or buying from you.

3. Social Media Awareness
(Dimension: Sources; Condition: Contains; Value: The name of any social media site: Facebook, MySpace, LinkedIn, Digg, Delicious, StumbleUpon, etc…)

Measuring the traffic that your website receives from social media platforms is becoming increasingly important towards these last few months of 2008, and you can expect Social Media to really become important in 2009. This advanced segment puts you in the game by allowing you to see all of the traffic from the more popular social media websites that are out there. Monitor this segment over time to get a feel for how interesting and engaging your social media initiatives are - if they are interesting, and if you have a strong social media presence, traffic will start coming your way before you know it.

BONUS Advanced Segment:

4. Are You Experienced?
(Dimension: Visitor Type; Condition: Matches Exactly; Value: Returning Visitor; AND Dimension: Days Since Last Visit; Condition: Less Than; Value:7; AND Metric: Time on Site; Condition: Greater Than; Value: 180; AND Metric: Transactions; Condition: Greater Than or Equal To: Value: 1)

This Advanced Segment excludes all pretenders, rookies, and newbies, and focuses on allowing you to analyze what your most experienced, best customers are doing. Use the clues that you find in your reports after applying this segment to learn what makes your best customers tick, and compare that against your customers who do not engage with your website at this level.

There are thousands of different possibilities with Advanced Segmentation, which means that once you start creating your own, you’re bound to come up with an advanced segment that will meet your specific needs, answer your specific questions, and become favorites of your own.

Posted in Yahoo! Analytics, Key Performance Indicators, Site Usability, A/B Testing, Google Analytics, Web Analytics Metrics, Web Analytics

The Trinity Strategy - Learn it, Live it, Love it

September 22nd, 2008 by Joe Teixeira

When I met the now legendary Avinash Kaushik for the first time at the Google Mountain View campus in November of 2007, I brought along my copy of Web Analytics: An Hour A Day for him to sign. I was very shy to bust it out in a room of over 100 people, but I finally got the guts and asked him to sign it, which he did! Now the question is: how much is a signed copy of Web Analytics: An Hour A Day worth on eBay? :)

The signature, much to the disbelief of every one of my co-workers here at MoreVisibility, does not say “To my #1 biggest fan of all time!”. Instead, a much more valuable, two line exclamation is found: “Trinity Rocks!”.  Sorry Tigers, but Avinash was referring to his Trinity Strategy, not the University located in Texas.

The Trinity Strategy is, basically, a way of thinking about Web Analytics in today’s Web 2.0 world. The purpose of this strategy, or mindset, is to obtain actionable insights and actionable metrics from the wonderful world of Web Analytics - specifically, your web analytics data.

As you probably predicted, there are three components to the Trinity Strategy:

1. Behavior - Behavior refers to the analysis of the piles and piles of Web Analytics data that we all collect on a daily basis. A long time ago, in a planet far, far away, marketers would simply want to know how many “clicks” or “hits” their website pages received, and their analysis pretty much ended right there (you remember all of those hits counters at the bottom of website pages, don’t you?). The Behavior component of the Trinity Strategy is intended to get you to look at your Web Analytics data at a different level, and, as Avinash loves saying, to “…take a leap of faith…” and make some educated guesses as to why people did what they did on your website (remember, Web Analytics can tell you the what and the when, the why, and sometimes the how is another story).

2. Outcomes - How well is your website ultimately performing? You wanted 40 leads a month from your pay-per-click marketing campaigns, or 5 sales from the new Banner Ad that you have running out there. Are you getting there? Where (and how) are you falling short?  The outcomes component of the Trinity Strategy is to get you to look at your bottom line and really take a look to see if your website is fulfilling its objectives.

3. Experience - Experience is all about a term that is starting to gain popularity in 2008 - VOC, or “Voice of Customer”. What do your customers like or dislike about your website or shopping cart? Which pay-per-click landing page works better than the rest, and which one converts higher than the rest? What frustrations did your customers have on your website, or what made them happy? The Experience component of the Trinity Strategy exists to get you to be a man / woman of the people, with the ultimate goal of improving your website for both your financial benefit and your customer’s web experience.

When you put it all together, you have a strategy - a mindset - that should help your business, your online presence, your email marketing campaigns, and so on. It’s a great strategy if you don’t already have a plan of action, or if you have a plan, but it’s not working and you need to change for the better. And why wouldn’t you want to change for the better?

Take Avinash’s Trinity Strategy, and see if you can apply it to your current online business model. Even if you can’t apply it all at the same time, try at least one part of the Trinity, and see what it can do for you. I promise you won’t be disappointed. At a minimum, you have allowed for a different way of thinking about your online business and presence - although it may not seem immediately useful, the seed of knowledge has been planted.

The Trinity Strategy - Learn it, Live it, and Love it.

Posted in Key Performance Indicators, Surveys / Polls, Site Usability, Web Analytics Metrics, Web Analytics

Five Google Analytics metrics that you’re probably not using

September 11th, 2008 by Joe Teixeira

When talking about Google Analytics or Web Analytics in general, some metrics and reports get seemingly all the attention (and rightfully so). Metrics like Bounce Rate, while loved by Web Analysts on all corners of the globe, are just too popular. In fact, Bounce Rate is now trendy! Do you think it’s become a buzzword as well?

Anyway, while Bounce Rate, Revenue, Goal Conversions, and Transactions are as popular as your local high-school’s starting quarterback / class president / homecoming king, there are other metrics to look at in Google Analytics, you know! These next five metrics are probably some that you’ve seen before in reports, and probably available in SiteCatalyst, WebTrends, ClickTracks, and other Web Analytics programs, although they could be known by another name in those programs.

1. $Index - This metric basically tells you what the average value of each page is on your website. It takes the amount of either Ecommerce Revenue or Goal Value that each page was responsible for, and divides it by the number of Pageviews for each page to give you a financial value in your currency of choice. You can find it by going to the Top Content report in the Content section, all the way to the far right of the report table. Log-in to GA and bring this report up in your profile, and check out what the $Index is looking like for each page. The values may be as small as a couple of dollars, to as high as a few hundred dollars per page. The Goal here is to find that page or two that has a higher $Index than most of the other pages, that also has a good amount of Pageviews. It could benefit you greatly to further optimize that page, or, to create some special offers or promotions directly on that page.

2. % Search Exits - If you have an internal search function on your website (and if you don’t, why not?), this metric calculates the percentage of people who left your website altogether, immediately after they performed a search. These people did not go any deeper into your website, or did not refine their search at all - they simply left. Think of % Search Exits as the “Bounce Rate” of your search function. Now, there is the possibility that they found exactly what they were looking for and they are going to come back later. However, if a lot of people are doing this, chances are your search function isn’t working properly, or serving up relevant results. Our loyal readers of this very blog know that that is a pet peeve of mine.

3. Per Visit Goal Value - Another interesting economics-oriented metric, found toward the right-hand side of the main report table, underneath the Goal Conversion tab. Use this type of micro-analysis to evaluate how valuable each and every one of your website’s visits are (so basically this is $Index for your Visits, instead of for the pages on your site). And, much like $Index, this number can either be very small or very large, depending on your Goal Values and how valuable each visit is to your website.

4. Revenue Per Click - Are you noticing a trend here? If you’re advertising with Google AdWords and if both your AdWords and your Google Analytics accounts are properly synched up, this very small number can tell you exactly what the name of the metric reads - the revenue that each click on your ads generated for you. This will allow you to say “Hey, Ad “C” or “Keyword X” is delivery $0.87 a click!” This can definitely place your click management strategy under a whole new light

5.  Abandonment Rate - This metric is available via the Goal Abandoned Funnels report within the Goals section of your Google Analytics profile. Having the ability to view this metric should not be an issue - because every profile SHOULD have Goals and Goal Funnels. This statistic is telling you the percentage of people that are leaving your Goal Funnel at some step along the way. Chances are that they are leaving your Goal Funnel, and not coming back to complete and match your Goal. If this number is very large, you need to evaluate the way people can get to your Goals (every page along the way). Even if this number isn’t very large, you should stay on top of the path that your visitors take to reach your Goals. It’s actually very surprising to me that this metric, and even this train of thought, is very under-utilized in Web Analytics, so I feel compelled to add it to this list.

Now log-in to your profiles and check these out for yourself!

Posted in Key Performance Indicators, Web Analytics Metrics, Google Analytics, Web Analytics

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