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Is Web Analytics Enough to Justify Marketing Spending?

What Web Analytics Achieve

web-analysis

The function of a business website does not only lie in creating awareness about the business and associated products. Among other functions, a business website informs you about its effectiveness to justify the investment put into its development. A complete business website has a tracking code through which it becomes easy to know about its performance in what we are discussing as web analytics. However, since this is not your ultimate goal as a business person, it is necessary to understand what you need extra to develop an effective guide on how to strategize and optimize your marketing plan.

The current state of competition requires you to understand your customers very well. Web analytics will provide you with useable information through which you can know how customers are behaving on your site and their purchasing decisions. But, this will not tell you anything about their journey, likes, and interests. Customers’ behavior on your page helps you to differentiate those that make large purchases from those that make small ones.

You also get to know the source of your web traffic and the most useful search terms like “write my essay for me” contributing to your web traffic. You will get to know the online marketing campaigns that yield the best results. Until now, you realize that we are talking about the web page and not people. Therefore, it is important to understand the customer as a way to bolster your marketing plan. If you are looking forward to enhancing your marketing strategy, advanced analytics is suitable. However, if you just want to increase traffic, web effectiveness is essential, and it is then that web analytics comes into the picture.

Analytics tools

Familiarize yourself with the available analytics tools so that you are able to understand your customers’ behavior and offer them unique experiences. Your customers’ traffic, return rate, new customers, all this information is important to understand how to go about marketing strategies. Nonetheless, selecting the right leader with the needed experience is what assures you that you will get 4X or higher ROIs.

The most common is google analytics because you are able to learn customer behavior on your site at virtually no cost, but it is a simple tool. More advanced tools are available at a standard annual fee. The paid form of web analytics tool like Adwords will tell you how your keywords are contributing to your web’s traffic.

Effective Analytics

Understanding your marketing strategies requires you measure, manage, and analyze the performance of your marketer to oversee maximization of ROI. You do not need to engage in marketing activity that will not yield significant fruit. Other than customer behavior, advanced analytics provides the following:

  1. Information on customer preferences and trending behavior;
  2. Marketing campaign outcomes;
  3. Data from other sources like email, social media, and blogs.

Marketing analytics will help you to integrate the purposefulness and effectiveness of the different marketing channels like social media or email and identify relationships and differences. You learn about your customers and how they got to interact with your business and their stage on the client’s lifecycle. In addition to knowing the strategies that drive more traffic, marketing analytics helps to understand the activities that generate more sales.

What Should be Your Marketing Goal?

Your for-profit business is interested in sales leads equivocally to page visits. While Google Analytics is helpful in understanding the page visits, loads, and time on sites, it will not tell you an accurate overview of traffic, sales leads, and effective versus ineffective strategies that guide in devising the next step in your marketing plan. Marketers find it to be painstakingly intensive to review all possible platforms where customer data can be obtained coupled with the negative perception of analytics. Depending on the size of your business, select the right candidate with some background in statistics because a comprehensive analysis is essential.

Is Web Analytics Adequate?

By now, you can tell when and how web analytics is useful and what it can do for you. Having a strong online presence that is not backed up with an effective marketing strategy does not guarantee high conversion rates. Everyone in business is already doing web analytics, and this will not give you a competitive advantage.

Web analytics is an easy way to know about your customer’s use of your site, but it is not enough on its own because other attributes of customer behavior remain unknown to you. The use of technology has led to an advancement of analytics tool, and web analytics is not enough for a business aiming to understand how much should be spent on marketing effort. There is much more to marketing than how customers behave on your site; hence, relying on web analytics alone as the guiding tool might not guarantee your survival in the highly competitive business world. Strategic marketing is paramount to avoid wasting resources to help you in channeling resources in the right direction. Poor web analytics results should be backed up with credible reason considering the marketing budget.

Where We Are Heading

Whereas marketing analytics seems to be a viable approach through which obtained data guide you on the marketing plan and the strategy to adopt, further advancement has resulted in the development of more technologized analytics solutions. Whereas web analytics merely highlights page performance, which does not help much in strategizing effective and rewarding action. An advanced form of this approach is digital marketing analytics that encompasses marketing analytics and further provides improvement suggestions. The Web Analytics Association also realizes the essence of going beyond webpage interaction to understand the performance of marketing efforts against ROIs. Hence, it has changed to the Digital Analytics Association. Digital analytics marketing is an all in one marketing approach that not only entails indicating what is working and what is not but also suggest ways of improvement.

Laksh is a professional writer with more than 10 years of experience in visual design. He loves to write about brand design and colors.

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