Using analytics to - Magentoinfo2.magento.com/rs/magentoenterprise/images/Presentation_Using... ·...
Transcript of Using analytics to - Magentoinfo2.magento.com/rs/magentoenterprise/images/Presentation_Using... ·...
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Using analytics to
improve sales &
conversions
By Roger Willcocks
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‣ Full service e-commerce agency
‣ 300+ e-commerce websites since 1997
‣ 100 years+ e-commerce website experience
‣ @screenpages
‣ +44 (0)1932 359 160
About Screen Pages
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‣Magento since 2009
‣22 staff (10 certified developers)
‣70+ Magento websites built
‣50+ active (running 100+ stores)
‣New builds, support (migrations) & upgrades
Screen Pages Magento experience
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Agenda
Metric Benchmark Influencing factors
Sources of traffic
Landing pages
Engagement
Search
Checkout
Conversion
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‣ What do you measure?
‣ Daily visits
‣ Traffic by source
‣ Where traffic lands
‣ Conversion by marketing/source
‣ How often?
Quick questionnaire
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‣ Those that do it well, benefit extremely well
‣ It can performs at 4-7 times regular traffic
‣ Emails are increasingly opened on mobiles
‣ Guidance:
1. Design your transactional emails
2. Manage & update their content
3. Tag them for Google Analytics
The enigma that is email marketing
http://www.screenpages.com/about/articles/magento-emails
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The big picture – back to front
Forwards lived be must it but: backwards understood be only can life.
Soren Kierkegaard
“You manage what you measure”
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• 10m retail site visitors (Jan-Sept 2013)
• £25m revenue (500,000+ transactions)
• 15-20 B2C retailers
• Niche brands (mostly own brand)
• £500k-£10m online sales
• £91 average order value
Source: Google Analytics
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The basics
High Low
Pages per visit 12 4
Bounce rate 60% 20%
Conversion rate 9.07% 0.72%
Kid’s stuff
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Where does your traffic come from?
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It’s getting harder to tell
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Generic searches 14%
Brand searches 14%
Referrals 11%
Email 19%
Paid search 21%
what do you manage?
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Source Traffic Conversion £ per visit
Brand related searches 14.5% 6.3% £4.45
Generic search 14.1% 1.5% £0.55
Paid search 19.9% 3.4% £2.74
Email marketing 20.6% 4.9% £2.73
Referrals 10.5% 2.4% -
Average 3.9% £2.64
Summary of traffic & its performance
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Summary in new Channels Report
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The funny thing about conversion
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21%
15% Opportunity?
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2.85%
1.27%
4.69%
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‣ Capture monthly number of mobile visits
‣ Multiply by mobile conversion rate * 50% (being typical uplift for mobile websites)
‣ Multiply by AOV (showing monthly revenue uplift)
‣ 10,000 mobile visitors per month (the average in our sample)
‣ 1.27 conversion rate
‣ £60 AOV
‣ £3.8k monthly uplift potential
How to calculate mobile ROI
Or it’s “strategic”
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‣ 8-20% of traffic
‣ Converts at 40% of average traffic (or 50p per visit versus £2.64)
‣ Huge time & money effort to be effective
‣ Long term asset or bottomless pit?
The enigma that is SEO
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‣ In our sample, Facebook “likes” range from 1,000 to 20,000
‣ 1% of traffic
‣ 1% conversion ratio
‣ At best
The enigma that is social
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Where do they all land? Where do people land?
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37% 32% come to the home page and 23% of these leave.
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Landing page % landings bounce %
Home page 32% 23%
Category page 25% 33%
Product page 22% 55%
Where do visitors land?
i.e.. not on the home page
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68% people arrive on other pages. Nearly 4 in 10 of these leave.
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Follow visitors through your site
?
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‣ Consider where visitors come from and their intent
‣ Promotions (regular & varied)
‣ Content (lots of it) & photography (lifestyle)
‣ Landing pages (category & product pages)
‣ Navigation
‣ Get the categorisation right
‣ Merchandising as well as products
‣ Dropdowns (esp. multi-layered)
‣ Filters (price, colour etc – but caveat)
How to engage customers
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Special case: category pages
• 25-50% of all entrances
• 40-50% of all page views
• Three roles:
Landing pages
Routing pages
Conversion pages (with add to basket)
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0.83%
0.37%
0.15%
0.30%
5%
5%
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Search
Used by 5.4% of visitors. Converts at 3x average. Committed shoppers.
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How does it convert? Checkout
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Which checkout performs better?
1.
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2.
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3.
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4.
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Basket and checkout funnel
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Quartile 1 Quartile 3
Basket/checkout views 0.92% 3.42%
Basket page exits 7.93% 11.83%
Checkout success 39.7% 49.4%
Checkout abandonment
These are all Magento standard checkouts – except one.
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‣ No technical glitches
‣ Clarity and simplicity in the purchase
‣ Delivery charges (free shipping)
‣ Clear and safe returns policy
‣ Tone and messaging
‣ Gentle reassurance
‣ Obvious security
‣ Time-limited offers
‣ Bonus tip: remove the header
What makes a good checkout?
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How to track abandonment in Magento
Set up basket goal
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How to track abandonment in Magento
Set up start the checkout goal
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How to track abandonment in Magento
Set up checkout funnel
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‣Checkout tracking weak (one step checkout)
‣Not all events recorded (changes, reloads, errors)
‣Add to basket not recorded
‣Cross- and up- sells not recorded
Magento tracking code challenges
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How do we measure it? Measurement
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Make a custom dashboard
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‣ Some numbers are never 100% accurate
‣ Trends reveal whether things are getting better or worse
‣ Use percentages and averages not numbers
Data versus information
Trends
Look at what matters
‣ Metrics must reflect activities
‣ Agree important metrics with your business
‣ Choose a few numbers but pay attention to them
‣ Record them over time in a dashboard spreadsheet
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Other tools: usability studies and surveys
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‣Increase sales. How?
‣Increase visitors. How? ‣Work the opportunities
‣Plan list of specific improvements with metric targets
‣Increase conversions. How? ‣Tackle the problems
‣Plan list of specific improvements with metric targets
‣Increase average order values. How? ‣Plan list of specific improvements with metric targets
‣Measure.
‣Refine.
The ingredients of an online plan
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In conclusion
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‣ Desirable products
‣ Well presented
‣ Attractively priced
‣ Securely paid for
‣ Beautifully (or appropriately) packaged
‣ Quickly delivered
‣ This needs to be communicated on every page
What makes a good proposition?
Meet your competition
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‣ Happy customers who want to buy your products
What most influences conversion?
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‣ If you would like a complementary benchmark report –
End
‣ @screenpages
‣ +44 (0)1932 359 160
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