We marketers are very busy people. In today’s challenging economy, with its rapid digital pace and customers empowered like never before, the demands are never-ending. So, we love things that make our job easier. Or at least appear to.
According to one definition:
Marketing automation is the use of software to automate marketing processes such as customer segmentation, customer data integration (CDI), and campaign management. The use of marketing automation makes processes…
...continue to read "Beware Marketing Automation Without Data Clarification"
I’ve been curious about what kind of effect the economy is having on how companies use Web analytics. Econsultancy just released its “Online Measurement and Strategy Report 2009.” This is its second annual report, and the results are fascinating.
First, the pleasantries:
“Companies are focusing on analytics which help them improve their customer acquisition and customer retention. The recession has helped to bring into sharper focus the importance of understanding return on investment and how individual elements of digital marketing impact the…
Most companies measure keyword performance – and especially PPC keyword performance – based on one factor: did that word or phrase bring converting visitors to the site on the visit in which they converted.
So the natural thing to do is trim non-performing words and phrases in order to increase the efficiency of your PPC spend. And that’s exactly what one client did, except rather than increasing his efficiency, he dropped his sales by 30%.
Why?
Because, depending on what you sell,…
...continue to read "Are Your Analytics Causing You to Lose 30% of Your Sales?"
Yesterday, Jeff Sexton blogged about the importance of watching your cost per visitor (CPV) and revenue per visitor (RPV) trends. One of the best ways to get a handle on optimizing these key performance indicators is to get a better sense of your traffic mix.
Instead of looking at your traffic by what marketing efforts are bring the most amount of visitors and converting best, look at your visitor mix as a starting point.
There are 3 types of visitors who can come…
...continue to read "How Many Potential Buyers Are Visiting Your Website?"
We’re now 6 months into 2009, and if you’ve embarked on a program of Website/ Marketing optimization, you’re probably looking for some clear, common-sense benchmarks to measure your progress. Here’s what you should be looking at:
Cost Per Visitor (CPV) – How many advertising, marketing, SEO, etc. dollars do you need to spend to bring in each Website visitor you’re getting. Don’t look at conversion just yet – it’s your website’s job to convert the visitors; marketing’s job is to get them…
...continue to read "Have You Given Your Website a Mid-Year Check-up?"
According to a recent study, Marketers are more likely to “monitor” than act on or react to Internet data. While 79% of businesses reported capturing Internet traffic information, only 30% of them actually modified their Websites as a result of traffic analysis. It makes me wonder if this move to be accountable by marketers is only important to them when they are measuring vanity metrics versus actionable metrics.
Are they only using metrics to make them feel better about their…
I’ve written about this before, but new reports keep reinforcing the point that most organizations don’t know what to make of their Web Analytics, meaning they can’t take action to improve their site based on the information they have. And while the best bet in these situations is simply to hire an expert guide, that may not be an option for you (or maybe you’re just a hard-core DIY-er when it comes to website improvement). If that’s the case, here is a…
...continue to read "Make Your Web Analytics Actionable in 5 DIY Steps"
As weird as it sounds, it’s the norm for businesses with sales cycles that might be as long as several months to a year and that might involve multiple decision makers and influencers to utterly fail to take these factors into consideration when constructing their website or selecting an analytics package.
In fact, whenever I work with B2B and complex sales clients it’s a sure bet their website won’t:
1) Adequately address the multiple decision-makers and influencers involved in securing the lead…...continue to read "Can your Website Handle the Complexity of your Sale?"
According to a recent study by eROI, 18% of US e-mail marketers are not tracking the effectiveness of their email campaigns. According to them, the reason most marketers are not tracking site conversions is that did not know how (really?), while lack of time and budget were also listed as concerns.
The problem is larger than that. In another email marketing study in 2007 by Silverpop, it was found that many people’s email marketing sucked, and that there was poor messaging…
There has been plenty of hot air blown into the bubble that’s getting ready to burst on Internet marketers again. I watched it happen the first time. With all the financial chaos crashing around us now, the last we need is the blind ignorance of the “new economy” happening again.
Earlier last month some hot air came from Interactive Advertising Bureau CEO Randall Rothenberg, who wants to prevent the Internet advertising economy from becoming “performance based.” This week provided another more…