Analytics 2.0: Key Metrics, KPIs, and Customer Journey

Analytics 2.0 Components

Analytics 2.0 includes the following components for continuous improvement based on user experience:

  • Analysis of quantitative data from your website and your competition.
  • Clickstream analysis
  • Multiple outcomes analysis
  • Experimentation and testing
  • Voice of the customer analysis
  • Insights and competitive intelligence

Time on Site vs. Time on Page

Time on site is a key metric for determining how useful visitors find your entire website. It helps answer questions like: How long do visitors spend shopping before purchasing a product?

Digital Marketing Measurement Model

The components are:

  • Define objectives, goals, and KPIs
  • Measurement
  • Segments
  • Implementation
  • Final product

Metric Definition

A metric is a quantitative measure that describes potential trends on a web page.

KPI Definition

A KPI (Key Performance Indicator) informs about business performance. It’s a quantitative objective that classifies goals, indicating whether progress is positive or negative.

Micro and Macro Goals

Micro Objective: A step in the conversion funnel, such as adding a product to the cart.

Macro Goal: Actions that represent the primary goal: CONVERSION, such as making a purchase.

Types of Conversion

Sales, Leads, Engagement, Event, and Subscription.

Customer Journey Phases

Awareness, Consideration, Purchase, Retention, and Advocacy.

8 Critical Web Metrics

  1. Sessions/Visits: A sequence of pages that a user visits on a website. (More than 29 minutes between sessions constitutes a new session.)
  2. Total Page Views: Every time a page is downloaded or viewed during a session.
  3. Unique Visitors: Unique browsers that access your site, identified by a cookie generated by your server to track successive sessions.
  4. Time on Page: Total time spent on a specific page.
  5. Bounce Rate: The percentage of sessions where users arrive and leave without interacting. A high bounce rate is generally undesirable.
  6. Exit Rate: Indicates the number of people who leave your webpage to visit another one.
  7. Conversion Rate: Examples include becoming a customer, responding to a marketing action, buying a product, or hiring a service.
  8. Engagement: Measures the impact of results.

Segmentation Examples

ATTIC & BUTTON

ABO: The Complete Customer Journey

  • Acquisition: What we do to attract customers to our platforms.
  • Behavior: What happens when they land on our platform.
  • Conversion: What was the business impact.

Business Objectives

Generation of sales, generation of opportunities, awareness, vocation of service.

Conversion Funnel

A linear path composed of a set of steps that conclude in the achievement of a goal.

SEO Performance

SEO is the organic method to reach your website in a search engine using tools like keywords. It involves understanding user preferences.

To measure SEO performance and results, consider:

  • Google Analytics (Organic traffic)
  • Keyword Ranking
  • Domain Rating
  • Analyze % of bounce rate

Social Media Marketing

A tool used to promote products. It involves a series of techniques and processes to attract the target audience on social media. It’s a form of internet marketing that uses social media apps as a marketing tool. These social media platforms enable brands to connect with their audience to:

  • Build a brand
  • Increase sales
  • Drive traffic to a website