Data, Insights and Actions Anil Batra Blog:

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Presentation transcript:

Data, Insights and Actions Anil Batra Blog:

About Me Faculty at MCDM program One of the top blogs in the industry Frequent speaker at various online marketing conferences Contributor to CMS Watch Web Analytics report Board Member of Web Analytics Association Associate Instructor and Online Tutor for Web Analytics certificate course by University of British Columbia Experience working with startups to Fortune 50 companies Contributor to a Google Analytics Book

Marketing Today

Many Channels Offline Print TV Mail Word of Mouth Online Website Search Display Advertising Social Media PR Mobile

Everything is Connected

Online Impact of Marketing Conversations Site Traffic Search Volume Leading to 

Are You Listening to your Customers?

Data Collection & Tools Social Media Listening Tools (e.g. Radian6, SM2, Facebook Insights) Search Trends (e.g. Google Adwords Tool, Google Trends) Web Analytics Tools (e.g. Google Analytics, Omniture, WebTrends) Viral Content Measurement (e.g. Tynt) Video Measurements (YouTube Insights, Visible Technologies, Web Analytics Tools) Competitive Research (compete.com, alexa.com, quantcast.com)

Conversation Blogs Review Sites e.g. Yelp Discussion Boards Twitter Facebook Offline

Google Alerts

Technorati

Conversation Tracking Tools

Search Volume Searches about your brand Searches about your competitor

Search: Google Trends

Google Trends for Websites

Search: Adwords Keyword Tool

Web Site Traffic Visits Visitors Page Views Time on Site Bounce Rate Conversion Traffic from Search Traffic from Social Media Direct Traffic

Web Analytics Tools

Viral Content Measurement

Video Measurement

Competitive Research

Motrin Mom Example Motrin Mom TV Clip

Web Site Traffic

Twitter Search

Google Search

Connect the Dots Get the full view

Measure Everything Report What is Critical Interesting <> Important

Measuring the Impact

Show the impact Measurement is not Enough ROI

Is This Campaign Working $8 million online campaign 2% CTR on Banners Industry Average is 1%

Throwing away the money $8 million online campaign 90% bounce rate $7.2 million gone

You Need A Process

Measurement Process Goals & KPIs Implement Tool & Collect Data Analysis & Recommendations ROI analysis & Optimize

You Need to Measure ROI

Remember Start with your business goals There will be data gaps You will need to make assumptions Refine your models as data becomes available Don’t just throw the numbers, do analysis Learn from the data and make changes Continuous optimization is key to success

Remember the Process Goals & KPIs Implement Tool & Collect Data Analysis & Recommendations ROI analysis & Optimize

All Marketing channels have impact on each another Provide Comprehensive View Keep Customer in Mind Measure Impact Take Actions Lessons Learned

Questions

CPM : $4.00 CPC : $.80 AOV : $200

Original CPM$4.00 Total Cost1,000,000 Total Impressions250,000,000 CTR0.50% Total Clicks1,250,000 Cost Per Click$0.80 Bounce Rate40% Total Engaged Visits750,000 % of Engaged Vists that Convert3.50% Total Visits that Convert26250 Conversion Rate2.10% Total Conversion26,250 Cost Per Conversion$38.10 Average Order Value$ Proft Margin10% Profit Per Conversion$20.00 ROI-47.50%

Original Optimization 1 CPM$4.00 Total Cost1,000,000 Total Impressions250,000,000 CTR0.50% 1.00% Total Clicks1,250,000 2,500,000 Cost Per Click$0.80 $0.40 Bounce Rate40% Total Engaged Visits750,000 1,500,000 % of Engaged Vists that Convert3.50% Total Visits that Convert Conversion Rate2.10% Total Conversion26,250 52,500 Cost Per Conversion$38.10 $19.05 Average Order Value$ Proft Margin10% Profit Per Conversion$20.00 ROI-47.50% 5.00%

Original Optimization 1 Optimization 2 CPM$4.00 Total Cost1,000,000 Total Impressions250,000,000 CTR0.50% 1.00% 0.50% Total Clicks1,250,000 2,500,000 1,250,000 Cost Per Click$0.80 $0.40 $0.80 Bounce Rate40% 0% Total Engaged Visits750,000 1,500,000 1,250,000 % of Engaged Vists that Convert3.50% Total Visits that Convert Conversion Rate2.10% 3.50% Total Conversion26,250 52,500 43,750 Cost Per Conversion$38.10 $19.05 $22.86 Average Order Value$ Proft Margin10% Profit Per Conversion$20.00 ROI-47.50% 5.00% %

Original Optimization 1 Optimization 2 Optimization 3 CPM$4.00 Total Cost1,000,000 Total Impressions250,000,000 CTR0.50% 1.00% 0.50% Total Clicks1,250,000 2,500,000 1,250,000 Cost Per Click$0.80 $0.40 $0.80 Bounce Rate40% 0% 40% Total Engaged Visits750,000 1,500,000 1,250, ,000 % of Engaged Vists that Convert3.50% 7.00% Total Visits that Convert Conversion Rate2.10% 3.50% 4.20% Total Conversion26,250 52,500 43,750 52,500 Cost Per Conversion$38.10 $19.05 $22.86 $19.05 Average Order Value$ Proft Margin10% Profit Per Conversion$20.00 ROI-47.50% 5.00% % 5.00%

Original Optimization 1 Optimization 2 Optimization 3 Optimization 4 CPM$4.00 Total Cost1,000,000 Total Impressions250,000,000 CTR0.50% 1.00% 0.50% Total Clicks1,250,000 2,500,000 1,250,000 Cost Per Click$0.80 $0.40 $0.80 Bounce Rate40% 0% 40% Total Engaged Visits750,000 1,500,000 1,250, ,000 % of Engaged Vists that Convert3.50% 7.00% 3.50% Total Visits that Convert Conversion Rate2.10% 3.50% 4.20% 2.10% Total Conversion26,250 52,500 43,750 52,500 26,250 Cost Per Conversion$38.10 $19.05 $22.86 $19.05 $38.10 Average Order Value$ $ Proft Margin10% Profit Per Conversion$20.00 $40.00 ROI-47.50% 5.00% % 5.00%

Original Optimization 1 Optimization 2 Optimization 3 Optimization 4 CPM$4.00 $2.00 Total Cost1,000,000 Total Impressions250,000, ,000,000 CTR0.50% 1.00% 0.50% Total Clicks1,250,000 2,500,000 1,250,000 2,500,000 Cost Per Click$0.80 $0.40 $0.80 $0.40 Bounce Rate40% 0% 40% Total Engaged Visits750,000 1,500,000 1,250, ,000 1,500,000 % of Engaged Vists that Convert3.50% 7.00% 3.50% Total Visits that Convert Conversion Rate2.10% 3.50% 4.20% 2.10% Total Conversion26,250 52,500 43,750 52,500 26,250 52,500 Cost Per Conversion$38.10 $19.05 $22.86 $19.05 $38.10 $19.05 Average Order Value$ $ $ Proft Margin10% Profit Per Conversion$20.00 $40.00 $20.00 ROI-47.50% 5.00% % 5.00%