Analytics and the Customer Experience
Tuesday, May 10th, 2011Analytics are a good thing. At Get Page One, we love analytics. After all, they can tell us whether our efforts at search marketing and social media are working to develop awareness and drive repeat business. Bounce rates, click-throughs, likes and re-tweets all provide great benchmarks from which to measure results. However, a raging sea of analytics, customer data and just plain numbers can overwhelm anyone’s mind. Numbers can be deceiving and do not always tell the whole story. So what are some companies overlooking by only focusing on numbers?
The answers may reside in understanding the psychology of your brand, your own customers and the consumer at large. As business leaders, we all tend to think bottom-line. Rational, logical and strategic are part of our DNA. We focus so intently on outcomes, results and analytics that we tend to forget why our customers buy from us, why they seek us out and why they might keep coming back in the future.
Thinking in terms of the physical world, consumers visiting a brick and mortar business in person become involved in the brand experience created by the organization. This experience touches each phase of the sales funnel starting with awareness and hopefully leading to initial and repeat purchases. And offline, just as online, the brand attempts to influence customers and inspire referral business.
Experiential marketing is nothing new; however, just as brands provide a certain experience offline, the Internet experience is equally important. Online, the combination of search marketing, social media marketing, analytics and consumer experiences can combine to tell a more complete story, turning raw data and numbers into useful information. For instance, web analytics can provide unique information about page views and the length of time viewers spend perusing a website. A high bounce rate might indicate an area of the website where users are leaving due to lack of interest and thus affecting conversion rates. Social media marketing analytics such as Facebook page interaction or re-tweets on Twitter can tell a story of how an audience perceives their online experience with the brand outside of a webpage or search engine.
Market research professionals talk about how together, quantitative and qualitative data help chronicle consumer behavior. Quantitative data is like analytics; however, combined with the attributes and descriptive information of qualitative data, we can begin to draw a more robust picture of the customer experience.
