Monday, July 2, 2012

Goals, Funnels and Filters: Interpreting Key Measurement Tools


As digital marketers, one of our pain-staking jobs is to report, measure, analyze and provide insight on the successes of websites. And one of our biggest tools of the trade, Google Analytics (GA), provides the various components to measuring that success.

This week, I explored the various ways of segmenting traffic and how their behavior is affected by the various tactics being implemented. Some key tools are Goals, Funnels and Filters.
In case you didn’t know, here are brief descriptions of the various components of GA I will be discussing:
  • Goals: Web site page that helps generate conversions for your site (a ‘thank you page’, purchase confirmation page, an ‘about us’ page, etc.) (Wells, 2012)
  • Funnel: This represents the path you expect visitors to take on their way to converting to the goal (Wells, 2012).
  • Filters: These are applied to the information coming into your GA platform. This allows users to manipulate data so you can breakdown and segment your audience based on a variety of parameters (traffic from domains; traffic from IP addresses; etc.).
Now that we’ve discussed the components, let’s get down to business. Since the blog is meant to function as a channel to disseminate content, goals were developed to account for traffic visiting any blog post for a given timeframe. As you can see from the screenshot below, the blog has had 76 pageviews with visitors spending well over four minutes during each visit, leading to a zero percent bounce rate. This, of course, is due to the small number of visitors the page has reached (17 visits).
For the blog, the following goals were set:
  • Visit Duration: two goals were set measuring time on site – one minute and three minutes
  • Pages/Visit: a goal was set to measure a goal met when a visit accounts for viewing more than 2 pages
Since the blog’s purpose is not to generate sales (eCommerce), a value was not given to these goals. This doesn’t mean that a blog has to sell products/services to have a value. 

Measuring ROI can benefit some bloggers greatly in how they sell their blog to media, PR professionals, etc. Case in point, a popular blogger wants to sell content space on his blog and must show that there is value in his content, which generates traffic, to get advertisers to buy media space.

Evaluating Goal Conversions

Based on the data accounting for the last 30 days, the blog only converted two goals a total of four times. This largely correlates to the goal’s standards being set too high for a blog with little traffic and fewer than 10 blog posts. It is unlikely for the average consumer of digital media to spend more than three minutes on a site, given the average length of the blog posts. Further, since the blog has fewer than 10 blog posts, it is unlikely for the average visitor to view more than two pages. 

As you can see from the Goal Flow, visits came to the blog and of the total visits, only 5 managed to stay on the blog for longer than three minutes (both returning and unique visitors). Of this 5, they managed to view two pages: the index page (homepage of the blog) and a blog post about referral sources.

The benefit of measuring goals is to set actions you want people to take and identify areas of improvement. “Every time your user takes one of these actions, it’s a conversion. A visitor becomes a subscriber, a subscriber becomes a customer (sometimes, a visitor becomes a customer), and so on ("Tracking your blog," 2012). And various goals can be created, from newsletter sign-ups and downloads, to blog comments or RSS Feed followers. 

With that said, I added another goal to track completions after one minute. This should increase the quantity of goals being converted without giving up quality. This will also give me a better picture of how people are interacting with the blog, and if traffic is coming from other sources where I share my content on (i.e., social media sites).

Tracking Conversions through the Funnel

That’s right; there is a funnel in GA. As mentioned earlier, the funnel breaks down the path visitors took to convert a goal. Since the goals were set rather high, the funnel has little depth. Less than 12 percent of visits converted goals. With the creation of the new goal mentioned above, an improvement in goals will likely occur.

Another key takeaway of goals is to track events occurring on a site. Events represent important actions on a website – in this case, my blog. Events are directly tied to elements on the blog and not reaching a certain page. So on my blog, I would be tracking sign-ups to RSS Feeds and/or downloads of any documents posted on the blog. 

To date, my priority has only been to track various pages being viewed and from where those interactions are coming from. As traffic and overall audience size grows, I will add specific events to track key interactions that will further align my efforts.

References:
Tracking your blog goals with google analytics. (2012). Retrieved from http://unstuckdigital.com/tracking-goals-with-google-analytics/ 

Wells, M. (2012, May 21). Lesson 6: Successful approaches in google analytics . Retrieved from https://ecampus.wvu.edu/webct/urw/tp0.lc5116001/cobaltMainFrame.dowebct

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