Beyond Basic Website Analytics
The reason why website owners implement website analytics tracking software onto theirwebsites is to be able to quantify the activities of their visitors. Once the analytical datastarts to flow into the reporting modules, the Internet marketing team begins a detailedreview of the behavior and performance.Before we look into activities that are
Beyond Basic Website Analytics
, we will review theobvious or
basic
website data review including things like: unique visitors, page view,keywords, time on website, most viewed pages, least viewed pages, etc. This importantanalytical activity needs to include website conversion components.
What is a Website Conversion?
These are the
goals
that are established by the website owner i.e. lead generation, revenue,etc. How can these
goals
be measured?
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The process used to measure these goals is found in submitting a Thank You page to thevisitor who made the request or took the action.
Establishing the Website’s Monetization Value
Many times the website owner or Internet marketing team uses subjective and oftenarbitrary methods to place value on specific website activities. We believe you shouldquantify the value of a lead or conversion in a more analytical manner i.e. establishing thevalue of a lead followed by the value of a new customer. This is often done using the simpleequation of establishing the # of Visitors : First Order Value.
Relating Website Traffic Sources to Conversion
The basic analytics review focuses on visitor source i.e. Natural Search, Paid Search,Referral Site, Email Marketing, Banner Ads, etc. The next step is to review the KeywordPhrases that are driving traffic and are converting. Quantifying the value in Dollars vs.Source is a very important measurement.This is also where you can determine what a newsletter subscriber is worth. Selling adswithin the newsletter is often established by confirming the number of subscribers or the
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