Avinash Kaushik tells us in
his book Web Analytics 2.0 that the world of Web metrics has changed a lot in
the past 10 years. The most important foundational metrics in the 1990’s used
to be website hits, but today “in a world where every home page sends 50 or 100
hits and rich experience dominates, hits mean nothing” (Kaushik, p. 36). So if
we won’t care about hits, should we care about visits, click throughs or click
through rates?
These visitor characterization metrics are defined as:
-
Click-through: Number of times a link was clicked by a visitor
- Click-through Rate: This is the number of click-throughs for a specific link divided by the number of times that link was viewed
- Visits: An interaction with a web site by an individual consisting of one or more requests
for a page
Metrics and KPI’s keep evolving as marketers have an
increasing arsenal of tools that measure every interaction on the web that go
beyond click streams. In fact according to Kaushik, we have evolved from hits
to page views to visits but now what really matters is outcomes (Kaushik,
p.36).
So, what has changed and how do we as marketers understand
what the measuring stick of KPI’s should be and what web metrics should matter?
Visits and Visitors are still the foundation of all web
metrics and essential to understand more complex metrics that help us
understand engagement and conversion. Different metrics help you as a marketer
measure what it meaningful to your business, and as such, one size does not fit
all.
But we can all agree that the best metrics support business
objectives, are simple to understand, and easy to implement. Metrics form the
life blood of all measurement we do, and the reason we call the web the most
accountable channel on the planet (Kaushik, 2010). And based on this
fundamental purpose of metrics, there is still a place for visits,
click-throughs and click-through rates (CTR) in web analytics. An event’s date, time, host, and contents is very unique to that event. It is practically impossible to replicate an event, even when two hosts are competing in the same niche. People who attend events are usually optimizing for three things: Date, time, and contents. So unless you have two events happening on the same date, at the same time, delivering the same contents, they are not competing with each other.
When event hosts cross-promote their events using
cooperative email marketing within their niche, click-through rates go up just
because it makes it easier for event prospects to do what they already love to
do: browse events in their niche by checking out the date, time, and contents.
Another Reason to Consider
Click-Through Rates
When we target cold prospects with email communications, we
usually see lower open rates than communications sent to customers. Marketers
who only look at the low open rates could make a lot of assumptions including; that
the targeted audience is not interested in the communication; that the creative
was weak; that the call to action was not compelling; or that they are the
wrong target audience altogether. The key with open rate is not necessarily the
number itself, or how you compare with other businesses or organizations, but
the trend. And when you combine it with click-throughs, you can get real
reporting gold provided that you're including calls to action and links in your
campaigns (Kahill, 2010).
Constant Contact, an email service provider, explains
that click data shows exactly what information people are interested in and can
be used to further segment your list for better targeting of subscribers.
For example, if you're writing about multiple topics in each
newsletter, click-through information can be used to determine which topics are
of most interest to readers. As an example, a business consultant may think
readers are interested in leadership tips, but find they're clicking most on
articles relating to marketing. Does this mean the consultant stops writing
about leadership all together? No, but he may want to change the mix of article
topics to favor marketing, since that's what readers are clicking on most
often.
Bottom Line? Don’t be so quick to throw the traditional
tried and true in favor of the new and shiny metrics. When you combine them
together, that is when you will have your best overall measurement that will
allow you to meet your business objectives.
Want to learn more?
Kahill, P. (2010) What Do Your Email Results Mean? Retrieved
January 19, 2014 from: http://www.constantcontact.com/learning-center/hints-tips/ht-2010-06b.jsp
Kaushik, A. (2010, April 19) Web Analytics 101: Definitions:
Goals, Metrics, KPIs, Dimensions, Targets. Retrieved January 16, 2014 from: www.ecampus.wvu.edu
Kaushik, A. (2010) Web Analytics 2.0 . p.36. Wiley
Publishing, Inc. Indianapolis, Indiana
Wells, M. (2013, October 10) Lesson 2: Basic Web Analytics.
Retrieved January 16, 2014 from: www.ecampus.wvu.edu
No comments:
Post a Comment