Question Time: answers, part 2.
13th May 2008
Continuing on from yesterday’s answers to last Friday ‘web marketing statistics question time’, here are my answers for the remaining questions.
There are some powerful tips in both the answers AND the questions themselves - I hope you’re able to use this information with great effect.
Shuaib (who had obviously just been listening to Paul Gorman talk about writing powerful headlines in Copywriting Gangster!) asked “How to Permanently be on the Driving Seat of your Business & Website & Monitor The Speed, Volume & Quality of Traffic Entering, Purchasing From & Leaving your Site on One Hi-tech Real-time Interactive Dashboard That Then Allows You to Continually Tweak your Marketing Strategy to Super-charge your Business By up to 73.9%!”
That’s a meaty question Shuaib!
And the answer is IN the question.
To be on the driving seat of any business you have to be continually monitoring performance and results.
I think the old saying “work ON your business not IN it” applies here. Spending any money on web site design, development and promotion without monitoring results is a dangerous situation.
Web sites should be an investment, not an expense.
The trick is to ask what your site should be doing for your business (for example generating sales leads) then find ways of constantly tracking not only how many sale-leads it generates but how profitable those sales leads are — and that’s where most stats packages fall short and why I use a manually collated master dashboard that integrates data from ALL sources.
I go into it this a lot more in Stats Faceslap, but this is the secret any business can use to start dramatically improving sales.
Tom Brownsword asked “For somebody like me (who knows that he should be doing this but is simply overwhelmed with other stuff), what’s the easiest, least expensive way (both in terms of time and money) to get the stats you need?”
I get outsource workers to quickly and inexpensively collate my stats from the various sources each week. That saves me time so I can spend more on working ON my business rather than in it.
There are some other tools more related to search engines that are worth checking out, but with just Google Analytics and AWeber used side by side you can get an incredible depth of data.
He also asked “And as a somewhat obvious follow-up, how do you properly analyze them to get the information you need to make changes?”
Well the incredible depth of data is actually a problem… “TMI” (too much information!).
For years I’d not really use my stats properly because of information overload syndrome — now that I get a dashboard compiled by other people on my desk each week, with all my web sites at a glance — I’m finding I’m actually using stats to improve things — not merely for fascination.
Lucy from Xero.com said “One thing I really want to understand easily from my web stats is a quality versus quantity question.
By this I mean that its easy to get excited about big numbers of visitors but really I want to ignore that and concentrate on the ‘quality’ visitors who are really looking at what my site has to offer and then of course buying what we are selling.
So from my stats I want to know how many ‘quality’ visitors we have, how they get to our site, and how we can get more.
I want to get stats that focus on the behaviour of ‘buyers’ separate to the general web stats of all visitors.
Obviously its nice to say we have 1000s of visitors but I’d like to know as much as possible about the ones who end up as customers as they are the most important.”
This was one of my favourite questions, because it’s so salient for me based on recent personal experience.
The number of people who visit my blog shot up by quite a few thousand in April, as a result of focused testing on new traffic sourses. And it was all a waste of time — it was unprofitable traffic.
So I plugged those new traffic sources and let my traffic flow reduce — but I’m more profitable.
There are a lot of ways to determine traffic quality.
In my opinion one of the easiest ways is to define ‘goal conversion funnels’ — let Google tell you which source of traffic is most likely to convert and then leverage those sources and drop lesser converting traffic sources… unless it’s free.
However, what many web marketers say is ‘free’ traffic (like organic search engine traffic) is actually very expensive traffic, if they count in the hundreds or thousands of man hours spent on on and off-page optimisations.
Great questions from everyone thank you.
And hopefully I didn’t slip in too much jargon in the above answers? Stats Faceslap does a much better job of explaining all the above in plain English.
At the moment it looks like I’ll be launching it on my blog here on Thursday - I’ll confirm tomorrow.
-Ed.

In the final part of Stats Faceslap (almost ready for launch) I explain how to create and use a Stats Dashboard, which reveals a birds’ eye view of ALL sales and enquiries, received not only over the web, but also by phone, fax or post (but as a direct result of an initial web site visit).





