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Measuring Web Site Performance
Are companies making the leap?
Background
Web sites are important marketing tools Most sites share the same purpose Big investment to build and maintain site
but….Attempts to measure web site ROI?
Web Site ROI
Definition of return on investment(ROI)
The financial impact of the web site
vs.
initial and ongoing maintenance costs
Web Site ROI
Why Do The Research?: Find out if companies are measuring ROI
If so:How? --systems? tools?Based on what criteria?vs. other site objectives?Expectations?
Web Site ROI
Research Question
Do web enabled businesses develop and apply criteria for measuring return on investment for their company web site?
Web site ROI
Literature Review
Little accountability for web site ROI Sites built with “foggy” expectations Few resources to measure ROI Success measured by opinion, not fact Evaluation methods/tools: yesterday & today
Conclusion:Can’t avoid ROI anymore!
Research Objectives
Web Site ROI
1. Determine criteria for success? Is ROI a factor?
2. What kind of measuring is being done?
3. Specific ROI goals and expectations?
Who Will Care?
Results will be valuable to anyone involved with making decisions about their web site!
Web Site ROI
The Survey
LIMITATIONS No e-commerce sites 50 employees or more 6 months old
SURVEY DESIGN Online
Web Site ROI
TARGET RESPONDENTS Webmaster Marketing Mgr Owners
The Results
SITE PRIORITIES1) Brand Image
2) New customers
3)Feedback
………..
5) Profitability
The Results
CURRENT MEASURMENTS & SYSTEMS Number of daily visits Database for customer information (leads) Web site feedback
Web Site ROI
Results
Web Site ROI
Priority and Importance in Monitoring a Web Site
3.3
4.13.4 3.7
0.0
1.0
2.0
3.0
4.0
5.0
Profitability Feedback Marketing PotentialCustomers
Possible Activities to be Monitored
Pri
ori
ty a
nd
Im
po
rta
nce
Initiatives
Results
Only 10% had ROI goals
yet… 95% chose strongly agree/agree site when asked:
“Is site doing what it is supposed to be doing”
Web Site ROI
Results
Web Site ROI
Web Revenue Sources
3.43.9
4.6
3.3 3.7
0.0
1.0
2.0
3.0
4.0
5.0
New Sales PotentialNew Sls
BrandImage
Promos Advertising
Revenue Generators
Imp
ort
ance
How are site evaluations performed?
METHODS Committee = 64%
or individual Surveys = 18% Software = 18%
Web Site ROI
Validity/Reliability
43 surveys out of 203 Diversity of the respondents Average respondent:
- 4 year old site
- Publicly held
- Web master
Web Site ROI
Review of Findings
Literature Review revealed: 1) a need - ROI 2) the market’s response – ROI Tools
Research revealed: 1) lots of measuring and evaluating: --user hits, feedback, new leads etc. 2) No ROI focus
Conclusions
Companies are measuring web site activity, but…
ROI is not a top concern.
In fact, -- less than 50% had ROI criteria --less than 20% had ROI measurement tools
Web Site ROI
Conclusions/Key Learning
brand image
new leads
site feedback rated above profitability
content
graphics
navigation
Web Site ROI
The Answer!
Companies are NOT developing and applying criteria for measuring ROI.
…but, the subject is not being ignored.
Web Site ROI
Interesting Data Point
Despite this apparent lack of focus, most believe their site is generating a positive ROI.
But “how much” is usually a guess!
Web Site ROI
Follow-up research
WHY NOT ROI? Software too expensive? Too difficult to measure? ROI evaluated with each component?
Web Site ROI
The Future
ROI cannot be ignored.
Maximizing potential for web site success requires ROI as an evaluator.
Opportunity to improve with software
Think of it this way…
“Enterprises are not in the business of increasing page views, they are in the business of making money. Web analytics should support this objective.”
--Business Wire,2001
Web Site ROI
QUESTIONS???