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SMX Advanced 2014 Session #SMX #21B - Conversion Rate Rock Stars - How Well Do You Know Your Customers? By Feras Alhlou @Ferasa Of E-Nor Read more on e-commerce and marketing strategy at http://marketingland.com
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Conversion Rate Rockstars
How Well Do You Know Your Customers?
Feras Alhlou, @ferasa
Co-Founder & Principal Consultant, E-Nor SMX Advanced, Seattle – June 2014
Our Story
2003 2008 2009 2012 2013 2011
Founded
Blog Launched
Global Training Program Launched
Contributed to Official
Google Blog
Analytics Framework Published
Dallas & Brussels Presence
Established
2014
GA & eCommerce
eBooks Published
NYC & FL Presence
Established
Dubai Presence
Established
2006
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
3 Data-Driven Culture Roadblocks…
…that keep a company from creating a fluid corporate culture that
embraces experimentation and optimizes sales strategy, internal
communication, marketing and more!
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
4 Infobesity: “we are drowning in #analytics data”
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
5 People, Process & Technology
People
Process
Technology
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
6 Lack of Segmentation
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
7
Source: Google Think
The Multi-device & Multi-channel Reality
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
8 Lack of Measurement Plan/Requirements
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
9
Acquisition Who? how many?
where from?
Behavior Consuming? sharing?
what and how?
Conversions Micro & Macro Outcomes
Measurement Framework Does NOT Exist
Illustration Source: Google
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
10 Go for the money!
$$$
Why
Who
What
Where
When
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
11 “When”
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
12
Where
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
13 “Where”
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
14 Multi-Channel Funnels – Assisted Conversions
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
15
What
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
16 “What”
• Events – User Interactions
• Videos
• Downloads
• Outbound Links
• Outcomes
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
17
Who
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
18 “Who”
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19 Segmentation Framework
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20
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
21 Authenticated “Who”: Customer 360 View
Source: Tableau
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
22
$$$
Why
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
23
Reporting
Framework Web Analytics
Social
Mobile Offline
Qualitative
CRM
Connect The Dots To Answer: “Why”
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
24 Small Wins Pay Off!
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
25
• Web Analytics
• Mobile Analytics
• Social Analytics
• Text Analytics
• Offline
• …..
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
26
Landing Page Conversion
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
27 Online Surveys <-> Web Analytics
• ”I can’t find the technical product description”
• “your product appears to be solid, but I am
interested in customization features and API
import/export capabilities”
• “how technical does the system admin need to be, I
can’t tell from the info provided”
• “I am a system admin and I need to know your
system up-time and technical support you provide,
can’t find this information”
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
28
Content Marketing Strategy
Persona Validation
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
29 Survey Highlights
Survey Purpose
• To identify visitor job role
• Reason for visiting the site
Survey Metrics
• Views: 199K
• Responses: 4,602
• Response Rate: 2.3%
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
30 Role By Visit Type
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31
Mapping Content Consumption
to
Job Roles & Visit Purpose
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32 Content/Persona Validation
• Segment on each persona
• Assess what content is consumed
• Identify interesting interactions
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
33 The Analytics Muscle Unused Will Atrophy
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34
Action Items
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35
Acquisition Who? how many?
where from?
Behavior Consuming? sharing?
what and how?
Conversion Micro & Macro
Outcomes
• Visits By Channel • Unique site visitors
• Top 25 Downloads • Top 25 Videos • % of visits downloading/viewing content • % of visits sharing content
• Total form submissions (e.g. product demo form)
• Conversion Rate
Measurement Framework – Build Your Own
• % Organic Search • % Paid Search • % Display • % Social-referred visits • % Mobile Visits • Top landing pages • % New visitors
• Page views per visit • Page depth for new and returning visits • Downloads per visit • Video views per visit • Video view duration and percentage • Non interaction rate (~bounce rate) • Time on site for visits > 2 page views • Carousel Clicks
• Conversion rate by Organic Traffic
• Conversion rate by Paid Traffic
• Conversion rate by Display
• Conversion rate for
mobile/desktop
www.e-nor.com, @ferasa Measure. Analyze. Optimize.
36
Thank You
@ferasa