Importance of Analytics in Digital Marketing

There are over 1 billion websites on the web and the number is growing exponentially every year. So how do you make your website stand out from the rest? How do you stay competitive and drive relevant traffic to your website despite so many similar websites? 

What Is Marketing Analytics

Marketing analytics is the process of measuring, analyzing, and interpreting data to formulate information that assists in making decisions related to the marketing process. In digital marketing specifically, marketers must understand their customers’ behaviors, motivations, and preferences in order to successfully target the content on the social platforms they use.

Advantages of Marketing Analytics

There are many benefits of marketing analytics. Marketing analytics is crucial to digital marketing and it can help in many areas of business growth. It can help brands to better understand their customers, it helps them collect data, and be able to predict future trends.

To excel and grow your business online you need the data. Only by analyzing the information you can improve and succeed. If you can’t measure, you can’t improve. This is why you need web analytics tools to help you.

There are many SEO tools available exactly for this purpose. Some are free, such as Google Analytics and Ubersuggest. There are also many paid services including SEMRush, Ahrefs, and Crazy Egg. These tools can be extremely powerful when it comes to collecting information and maximizing digital marketing campaigns for your business.

But what type of data do these analytics tools provide and how can help with your marketing efforts? There are many reasons why these tools can be invaluable when it comes to gathering data and getting insight into your website.

VIDEO: Understanding Digital Marketing Analytics (Metrics and Tools)

Analytical Marketing Strategies & What Metrics to Focus On

Having the right analytics tools and metrics in place can help improve your marketing performance by enabling you to make data-driven decisions, including identifying which tactics are most effective for your business and figuring out what content will best engage customers.

For this post, we’ll focus on 7 actionable tips on how to use marketing analytics to achieve marketing success.

1. Understand your target audience

It is crucial for every business to understand its target market and its audience. Web analytics can be extremely useful for learning about people who come to the website. Who they are, what they are interested in, education level, economic status, etc. Google Analytics, provides all kinds of demographic data that can help better target specific segments of users.

By knowing who are the visitors to your website, you can then customize your content and provide a better user experience.

2. Determine the bounce rates

A bounce takes place when visitors come to your website and then leave without going to another page on your website. The bounce rate is described as the total number of bounces divided by the total number of visits to your website.

A high bounce rate indicates that visitors are not finding what they are looking for when they come to your website. You can use web analytics tools to monitor the bounce rate of your website to make sure it’s not extremely high. If the bound rate is high, you need to redesign your website and work on improving user engagement to keep the bounce rate low.

3. Measure web traffic and its sources

Analytics tools are most commonly used to measure the number of people visiting the website. These tools can show you how many people visited your website each day or during a specific time period. You can also compare this data to see if your traffic has grown or decreased over time. From traffic reports, you can find out which pages get the most visits and which ones are not getting any visits at all.

Web analytics can also show the different sources that bring people to your website. You may have visitors coming directly, through search traffic, from newsletters, or via social media. By knowing what channels bring in the most traffic, you can then decide what to focus on so you can spend your time wisely.

4. Track website conversion rates

Having tons of traffic is great, but it shouldn’t be your ultimate goal. If people who visit your website leave without performing any action, all the traffic in the world, won’t help you. This is where conversion comes into play. You need to convert website visitors into customers. Web analytics can help improve conversions using a conversion tracking tool. By better understanding what drives your users, and why they act the way they do, you will be able to optimize your website.

In order to be successful with your online website or business, you need to create a clear and measurable goal. It can be anything from signing up for an email list, following on social, requestion a free quote, downloading a free book to purchasing products. You can use the conversion tracking tool to measure how successful your website is at achieving the goals you set. By knowing your goals, and being armed with the right data you can create custom marketing and seo strategies to help you achieve them.

5. Compare new vs returning Visitors

It’s nice to have new visitors come to your website. But what’s even better is having a high percentage of returning visitors. If your data shows that you only get new visitors and no repeat visits that means you might doing something wrong. Ultimately, you want people not only able to find you in search engines but also bookmark your website and come back again and again. After all, that’s how you build a loyal following. You can encourage repeat visits in a number of ways. By utilizing content marketing, posting relevant blog posts or industry news, and sharing insights your audience can only find on your website. By offering discounts, coupons, or running giveaways. Anything that encourages people to come back and be engaged helps improve your rankings.

6. Find the right keywords to use

Analytics and keyword research tools can be instrumental when it comes to seo efforts and keyword research. By better understanding what keywords your website is ranking for and what keywords to include, businesses can optimize their pages and improve their rankings and organic search results.

For example, if you decided to use the phrase ‘financial statement analysis assignment help’ on your homepage because you assume that’s what your customers are looking for. But after analyzing the data, you realize no one is actually using this exact phrase and it’s not driving any traffic. Instead, you need to study the data and find the right keywords that accurately describe your services, have a high search volume, and are not competitive. Then you must integrate these keywords into your web pages for more organic traffic.

7. Optimize your website and improve user experience

You may end up losing a whole lot of potential customers if your website is not mobile-friendly. Web analytics will help you better understand how users access your website so you can optimize accordingly. It’s important to optimize your website for users who view your website on mobile if that’s how most of them access your website.

Summary:

No matter which analytics tool you decide to use, you need to dedicate time to learning and understanding how to use it. By knowing the tools and what insights are important for you and your business you’ll be able to make the right marketing decisions that will help you boost your traffic, generate more leads and grow your business. Good Luck!

Author Bio:

William Shell a Writer and Enthusiastic blogger. He is also associated with a reputed company for the past couple of years. Here, he delivers strategic assignment help to students on their requests. William loves to cook in his free time.