The web analytics remain the most important component of successful online business. It helps to keep a track of the visitors and give crucial information on how your website is faring with the audience. Through web analytics, it is possible to learn about the visitors and their views. The usage of analytics is increasing with the rise of each day. The analytic professionals are in great demand in the marketplace today. Becoming an expert in web analytics is not a cup of tea for all, as it needs good visualization, good thinking and case studying.
A few things need to be taken care of for every online business:
Bounce rate:
The bounce rate helps in learning why the visitors are probably going away from the website. Higher the bounce rate, the more visitors are not interested in your website. In case the bounce rate is less then, more visitors are happy staying connected to your website. Thus, keeping the bounce rate zero percent is ideal. However, keeping it zero is not possible, so keep it least possible.
Visiting length:
Learning the average time of the visitors hanging in your site proves helpful. In case the visitors are lurking around your website for sometime then, they are probably finding the information at your site useful. Thus, learning about the reader's interest can be easily evaluated from the visit length. Then, as per the metrics, you can easily optimize the website.
Visit depth:
Whether the visitors at your page are viewing the other pages of the site or not, decides the visit depth. In case some people has visited almost all pages of your website and spent some quality time at every web page then it means your site is splendid. However, if the visitor has visited several web pages but does not spend more time at every page then, probably it is not a good sign. Higher visit depth certainly will help the growth of your online business.
Returning visitors:
The returning visitors indicate that you are having some loyal readers. In case some readers are returning to your site repeatedly then, chances are that they have liked your site and find the information at your site useful. Such readers could be called as loyal visitors. The more loyal visitors your site has, more popular your site is. It is very much important to have such returning visitors. Try to increase normal visits and the returning visits at your site.
Most search engines consider all of these factors in order to show the website at the top results at the search engine for some particular keyword. Therefore, it is important to make a note of all the points and work accordingly.
Open Source Web Analytics
There are two major problems with web presence analytics; they're either non-existent or too complicated. Many people may be against using web analytics because it not only measures success it also measures failure. Someone in charge of marketing might be afraid to use web analytics because it would prove the failure scientifically. Avoiding web analytics because it shows failure is the wrong attitude. We learn from our failures and we must welcome the opportunity to gain knowledge of them.
There is a lack of skilled employees required to manage, distribute and analyze Web analytics. Historically, web analytics was developed by IT for IT. The people using them were comfortable with dealing with raw data. Web analytics tools have been designed to be interpreted by technical personnel. There was little regard for people without technical skills. As a result, the rest of the organization has become alienated from analytics. A good web analytics solution has to be easy to understand for any member of the organization. One of the biggest misconceptions of web analytics is that it needs to be complex.
Often, web analytics generate a huge amount of data. The end result is data overload that lacks actionable information. Frequently, insignificant data becomes the noise around actionable data. The noise makes the process overwhelming. Instead of providing answers, web analytics can create more questions. Meaningful interpretation of data has created a hostile attitude toward web analytics among the non-technical people of the organization.
Web analytics is not easy by any stretch of the imagination. Web analytics tools provide data not information or insight. We need the tools to provide us with the raw data, but it's up to us to make sense of it all.
The real value of KPI is continuous monitoring. It is not a once a year or once a quarter project. At the very least, you should examine your KPIs once a month. Monitoring is continuous; reviewing happens on a regular interval.
The most important KPIs are the ones that measure whether business objectives are met or not. It is great to know how many visitors a web site has in a month, but it is more useful to know what percentage of users make a purchase.
Web sites are no longer just online catalogs with a shopping cart. They are becoming complex applications with high levels of interactivity. Today, a highly usable site is also highly interactive. If the on site search is not working properly, you have a web site that lack interactivity. Therefore, it scores low in the usability scale. If the site navigation is counter intuitive, it will result in low usability score. All of the above will result in lower conversion therefore lower revenue. According to studies, many online shoppers give up and abandon the shopping process due to usability issues.
Web analytics must be viewed as an activity directly tied to revenue. It is indeed a revenue generating process. The absence of web analytics can result in loss of revenue, and the presence of it will almost certainly result in increased revenue.
Both Kdev & George Meszaros are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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