Archive for the ‘Analytics’ Category

Discover How E-Commerce Tracking can Help You Increase Your Websites Profitability

Thursday, November 19th, 2009
E-Commerce Tracking

E-Commerce Tracking

Previously I have discussed the enormous benefits that come from using Google Analytics to monitor statistics on your website, and in particular why tracking your goal conversions is vital.  In this article I am going to look a little more in depth at how you can track not only goal conversions but goal values allowing you to analyse in detail exactly how much revenue traffic sources,  your online advertising campaigns and keyphrases are bringing to your business.

If you have been following this blog I’m sure you will already have set up Google Analytics and added goal conversion tracking.  But if not that will be your first step to implementing a full e-commerce tracking solution.  Once your analytics account is fully set up you will need to ensure that Google is aware that your website is an e-commerce retailer.  To do this choose to “Edit Profile Information” in the analytics settings and ensure that the “Yes, an E-Commerce Site” radio button is highlighted.

You will also need to add a few simple lines of code to the receipt page on your website.  Google provide this code in their online help centre (located here) and it can be copied from there directly into your receipt page.

This code will inject some additional information into the data that is transferred to Google Analytics.  This includes information on both the transaction (for example the transaction ID, total sale value, shipping costs, and the city, state and country that the transaction was generated in).  In addition to the transaction data the e-commerce tracking code also send data specific to each item that was purchased in the transaction.  This includes the transaction ID (in order to track which transaction the item is related to), the product name, the category, the quantity ordered and the price of each unit.

As you can imagine this extra data provides huge scope for further reporting and analysis within Google Analytics.  While knowing which keyphrases are driving the most traffic and which are converting the most often is undoubtedly vital information it is even more important to know how much revenue they generate;  20 conversions on a product with very low profit margins for example may prove less useful to your business than one transaction on a product that is hugely profitable.

For most business owners profit margins form the bottom line, and the only way to accurately know how much profit is being generated from online marketing is to employ an e-commerce tracking system.

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How and Why Your Website Should Track Goal Conversions

Monday, November 9th, 2009

In the last post I explained how to set up Google Analytics and use it to monitor a variety of useful statistics on your website and its visitors.  Today I am going to take a more in depth look at one of the most important, and useful, tools that Google Analytics provides its users:  goal conversion tracking.
Goal conversion tracking is a powerful resource for webmasters to have at their disposal as it allows them to track visitors’ progress through the site and identify both areas that appear to present visitors with problems and those that are working smoothly.  This information can be used to improve the problem areas; hopefully meaning that more visitors will successfully complete the goal.
A goal can be a variety of different things depending on the type of website and what they want to get out of their visitors.  For e-commerce websites the most common goal will be creating a sale, but sometimes it might also be desirable to track other things, such as when visitors sign up to a newsletter or fill out a contact form.

Setting Up Goal Conversions

Setting up goal conversion tracking in Google Analytics is actually a fairly straightforward process and the first step is to decide what the goal funnel is for each goal that you want to track.  The goal funnel is the route that a visitor must follow in order to successfully complete the goal.  In some instances there will simply be one step but the majority will require the visitor passing through a series of steps before the goal is complete; this series of steps is the goal funnel.  If, for example, the goal you are creating is to track sales that are made the funnel will likely involve adding a product to the basket, entering shipping information, entering payment details then confirming the purchase.
After spending time using your website to decide what the goal funnel you wish to track is you will need to configure the goal settings in Google Analytics.  To do this select to edit your profile and then click edit in the Conversion Goals and Funnel section.  Here you will need to set the goal to active and enter the final URL that, when displayed, will indicate the goal has been completed.
Finally you will need to define the goal funnel, to do this navigate to the Define Funnel section and enter the series of steps that you decided each user will need to progress through to complete the goal.

Analysing Goal Performance

After setting up a new goal conversion you will need to wait for a while (how long will depend on how much traffic your site generates) to allow data to accrue.  Once the data has built up log into Google Analytics and select to view the Funnel Visualisation Report in the Goals section.
This report will give you a visual representation of the funnel and explain how many people progress to each step and how many leave without progressing to the next.  Using this data will allow you to discover which points in the process you visitors are leaving, therefore highlighting which pages you need to work on in order to retain the visitors’ interests. For example if  85% of people who start the process progress to the payment page but only 20% complete the purchase there is a clear problem with the payment gateway page.  Perhaps you will need to consider adding more payment options or ensuring that visitors are aware your site is secure and their details are protected in order to try and decrease the number of people that desert their purchase at this point..

Tracking goal conversions should be a vital part of every website; in particular e-commerce websites where tracking sales is necessary in analysing how traffic flows through the site and how to generate a greater number of sales.

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Why Analytics Is an Essential Aid in Improving your websites ROI.

Friday, October 30th, 2009

The ability to analyse the shopping habits and traffic flow of visitors to a website with ease is one of the biggest benefits that online retailers have over traditional high street stores and the importance of installing analytics software onto a website should never be underestimated.  Luckily one of the greatest analytical tools available to online business owners is completely free.  Google Analytics is very simple to set up and tracks a huge quantity of invaluable information.  In this blog post I’m going to explain how to set up Google analytics and go over some of the more basic ways in which you can use it to improve your business.  In later posts I will go into more depth explaining how some of the more technical features can be exploited.

Step One:  Get a Google account.

If you don’t already have a Google account the first thing you will need to do before installing Google Analytics is to register for one. This process is simple and can be done by simply clicking the “sign in” link in the top right corner of the Google homepage.

setup a google account

Step Two:  Register for Google Analytics.

Once you have a Google account you should navigate to http://www.google.com/analytics and choose to “Sign Up Now”.
After signing in using your Google account details you will be asked to enter some basic details about the website that you wish to install analytics on.

setup a google analytics account

Step Three:  Install the analytics code.

After entering your website information Google Analytics will present you with a choice of three tracking codes to install on your website.  The different codes are fairly self explanatory and depend whether you need to track data over a single or multiple domains/subdomains.  You then simply copy the tracking code and paste it above the </body> tag at the bottom of each webpage that you wish to track (typically you will want to track every page on the site so ideally you will want to paste this into your template file).
You can then select the save and finish button on the Google Analytics page and the site will begin tracking your statistics.

After Analytics has been installed for a while (allowing a reasonable quantity of data to have built up) sign into Google Analytics and click to view a report.  From here you will be presented with a number of graphs, tables and data that will give you huge amounts of vital information.

google analytics code

Site Usage

The Site Usage section provides basic information on visitor’s habits.  The most important number to watch here is the bounce rate.  The bounce rate is the number of visitors that arrived on your website and then instantly clicked away from it.  If the number of people bouncing away from your website is particularly high this should act as a red flag telling you that you’re landing pages need to be improved to retain visitors. This also could be due to bad keyphrase selection; the search intent of your keyphrases may not fit the intentions of your website.
google analytics bounce rates

Traffic Sources Overview

The traffic sources overview section provides you with some of the most important data for an online business.  It not only tells you where traffic originated from but, for traffic originating from search engines, the keyphrases they used to arrive.  This can prove invaluable for discovering what keyphrase you should target in any online marketing campaigns you may undertake.  For example if a search engine lists you a page 4 for a particular keyphrase but it still brings a reasonable volume of traffic to your site you will know that it is a keyphrase worth optimising your website for.  Conversely if you are optimising for a phrase that is bringing very little traffic you should consider changing to one that might prove more successful.
google analytics traffic source view

Map Overlay

The map can be useful as it shows where in the world your traffic is originating from.  If you find you receive a huge number of customers from certain countries that rarely convert into customers it might be worth looking into adding the appropriate shipping options, languages and currencies that would make ordering from you seem more appealing to them.
google analytics map overlay

This post only provides a quick look at the most basic features that Google Analytics offers.  Over the next couple of weeks I am going to add a series of more detailed posts looking at some of the more technical features that the program offers; such as how to set up goal conversions, reporting and more so remember to che

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