5 Analyticsandreporting
5 Analyticsandreporting
5 Analyticsandreporting
B. C. A – V Semester
Unit V
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Unit V
7. Competitive Analysis:
Digital marketing analytics allows businesses to benchmark their performance against
competitors. By monitoring industry trends, analysing competitor strategies, and
comparing key performance indicators, marketers can identify opportunities for
improvement and stay ahead of the competition.
8. Continuous Improvement:
Analytics facilitates a culture of continuous improvement. By regularly reviewing and
analysing data, marketers can identify areas for enhancement, test new strategies,
and iterate on existing campaigns. This iterative process is essential for staying agile
and optimizing performance over time.
Google Analytics is more popular among larger websites. This is because Google Analytics
is a powerful tool that can provide valuable insights into how users are interacting with
website or apps. Even small businesses can benefit from using Google Analytics to track
their traffic and improve their website's performance.
Types of Google Analytics Reports:
• Audience Analysis
Audience analysis gives an overview of the audience who visits the website or app
along with session history, page-views, bounce rate, etc. Business can trace the new
as well as the returning users along with their geographical locations.
Following information can be tracked:
- The age and gender of the audience under Demographics.
- The affinity reaches and market segmentation under Interests.
- Language and location under Geo.
- New and returning visitors, their frequency, and engagement under Behaviour.
- Browsers, Operating systems, and network of the audience under Technology.
- Mobile device info under Mobile.
- Custom variable report under Custom. This report shows the activity by custom
modules that are created to capture the selections.
- Benchmarking channels, locations, and devices under Benchmarking. -
Flow of user activity under Users flow.
• Acquisition Analysis
Acquisition means ‘to acquire.’ Acquisition analysis is carried out to find out the sources
from where the web traffic originates.
Following information can be tracked:
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- Capture traffic from all channels, particular source/medium, and from referrals.
- See traffic from search engines. Here, business can see Queries, triggered landing
pages, and geographical summary.
- Track social media traffic, which helps business to identify networks where the
users are engaged. It helps to measure the impact of social media on the website.
- Have a look at all the campaigns built throughout the website with detailed
statistics of paid/organic keywords and the cost incurred on it.
• Behaviour Analysis
Behaviour analysis monitors user’s activities on a website. Business can find
behavioural data under the following four segments −
- Site Content − It shows how many pages were viewed. Business can see the
detailed interaction of data across all pages or in segments like content drill-down,
landing pages, and exit pages. Content drill-down is breaking up of data into sub-
folders. Landing page is the page where the user lands, and exit page is where
the user exits website.
- Site Speed − This captures page load time, execution speed, and performance
data. Business can see how quickly the browser can parse through the page,
measure page timings, user timings, and get speed suggestion. It helps to know
where the website is lagging.
- Site Search − It gives a full picture of how the users search across website, what
they normally look for, and how they arrive at a particular landing page. Business
can analyse what they search for before landing on the website.
- Events − Events are visitors’ actions with content, which can be traced
independently. Example − downloads, sign up, log-in, etc.
• Conversion Analysis
Conversion is a goal completion or a transaction by a user on the website. For
example, download or checkout or buy a product etc. To track conversions in analytics,
business needs to define a goal and set a URL that is traceable.
- Goals − Metrics that measure a profitable activity that business wants the user to
complete. Each time a goal is achieved, a conversion is added to the data.
Business can observe goal completion, value, reverse path, and goal flow.
- Ecommerce − Sets tracking to know what the users buy from the website. It helps
to find product performance, sale performance, transactions, and purchase time.
Based on these data, business can analyse what can be beneficial and what loss
is incurred.
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• Engagement: This includes metrics such as time on page, bounce rate, and goal
conversions.
• Acquisition: This includes metrics such as traffic sources, referrals, and paid traffic.
• Conversions: This includes metrics such as leads, sales, and signups.
Examples of KPIs:
• Track the number of visitors to the website: Business can use the Acquisition Overview
report to see how many visitors came to the website from different traffic sources.
• Track the number of page views on your website: Business can use the Page views
report to see how many times each page on the website was viewed.
• Track the average time spent on the website: Business can use the Average Session
Duration report to see how long visitors spent on the website.
• Track the bounce rate for the website: Business can use the Bounce Rate report to
see how many visitors left website after only viewing one page.
• Track the number of goal conversions: Business can use the Goals report to see how
many visitors completed a specific action on the website, such as signing up for a
newsletter or making a purchase.
How to Track and Measure KPIs Using Google Analytics
Google Analytics provides a variety of reports and tools that can be used to track and
measure
KPIs. To track a KPI, first goals need to be set up in Google Analytics. A goal is a specific
action that users want to take on the website or app, such as signing up for a newsletter or
making a purchase.
Once the goal is set up, user can track the progress towards that goal using Goals report in
Google Analytics. The Goals report will show the number of goal completions, the conversion
rate, and the average value per goal.
In addition to the Goals report, user can also use other reports in Google Analytics to track
KPIs.
Tips for Tracking and Measuring KPIs Using Google Analytics
• Choose the right KPIs: Don't try to track too many KPIs. Focus on the KPIs that are
most important to business.
• Set realistic goals: Make sure the goals are realistic and achievable.
• Track progress regularly: Review the KPIs regularly to see how they are doing.
• Make data-driven decisions: Use the KPI data to make informed decisions about the
website or app.
Conversion Tracking and Optimization
Conversion tracking
Conversion tracking in Google Analytics is the process of measuring and recording how often
users take desired actions on the website or app. A conversion occurs when a visitor
completes a desired action, such as making a purchase, submitting a form, signing up for a
newsletter, or any other valuable interaction. By tracking conversions, one can understand
which marketing efforts are most effective and make data-driven decisions to improve
website's performance.
Conversion tracking works by assigning a unique identifier to each visitor to the website or
app. This identifier is then used to track the visitor's actions as they interact with the site.
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When the visitor completes a desired action, such as making a purchase, the conversion is
recorded in Google Analytics.
Methods of Conversion Tracking:
Page tracking: This method involves adding a tracking code to the pages on the website
that needs to track for conversions. When a visitor completes a desired action on one of
these pages, the tracking code will send a signal to Google Analytics that a conversion has
occurred.
Event tracking: This method involves tracking specific events that occur on the website or
app where business can track events such as button clicks, form submissions, and video
plays. When a visitor trigger one of these events, Google Analytics will record the event
and can use this data to measure conversions.
Benefits of Conversion Tracking
There are many benefits to using conversion tracking in Google Analytics, including:
Measure the effectiveness of marketing efforts: Conversion tracking allows to see which
marketing campaigns are generating most leads and sales. This information can help to
allocate marketing budget more effectively.
Identify areas for improvement: Conversion tracking can help to identify areas of the
website or app that need improvement. For example, if business finds that a lot of visitors
are abandoning their shopping carts, it can be investigated the checkout process to see
where there might be friction or difficulty.
Make data-driven decisions: By understanding the conversion rates, business can make data
driven decisions about website or app.
Setting Up Conversion Tracking
The specific steps to set up Conversion tracking will vary depending on using page tracking
or event tracking. Generally below steps are as followed:
• Add the tracking code to the website or app. For page tracking, business will need to
add the tracking code to the pages that needs to be tracked for conversions. For
event tracking, business will need to add the tracking code to the event triggers that
needs to be tracked.
• Verify that conversion tracking is working. Use the Google Tag Manager extension to
test conversion tracking code.
• Once the conversion tracking is set up, business can start to track and measure the
conversions in Google Analytics. Conversion data can be viewed in a variety of
reports, including the Goals report and the Conversions report.
• Conversion tracking is a valuable tool that can help to understand the website or app
and make data-driven decisions to improve its performance.
Optimizing Conversion Tracking:
Optimizing conversion tracking is crucial for accurately measuring the effectiveness of the
marketing efforts and making data-driven decisions to improve website or app's
performance.
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Following the optimization strategies, business can ensure the conversion tracking is
accurate, comprehensive, and provides valuable insights for improving website's
performance and achieving marketing goals
Comprehensive guide to optimizing conversion tracking in Google Analytics:
- Define Clear Conversion Goals: Clearly define the specific actions business considers
valuable conversions, such as purchases, form submissions, or newsletter signups. This
ensures tracking efforts align with the business objectives.
- Identify Key Conversion Paths: Analyse user behaviour to understand the typical steps
visitors take before converting. Identify potential friction points or areas where users drop
off.
- Implement Event Tracking: Utilize event tracking to capture specific user interactions,
such as button clicks, video plays, or form field entries. This provides granular insights
into user behaviour leading up to conversions.
- Validate Tracking Accuracy: Regularly test the conversion tracking setup using tools like
Google Tag Manager Preview & Debug to ensure all events and conversions are firing
correctly.
- Track Multiple Conversion Points: Consider tracking different conversion types, such as
primary conversions (direct purchases) and secondary conversions (newsletter signups).
This provides a more comprehensive understanding of user engagement.
- Monitor Conversion Trends: Regularly review conversion data to identify trends, patterns,
and anomalies. Analyse changes in conversion rates over time to assess the
effectiveness of marketing campaigns.
- Regularly Review and Optimize: Regularly review the conversion tracking setup and
identify areas for improvement. Adapt tracking strategies as the website or app evolves
and marketing campaigns change.
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