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Digital Analytics for Retail Brent © iStockphoto / Thinkstock.

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Presentation on theme: "Digital Analytics for Retail Brent © iStockphoto / Thinkstock."— Presentation transcript:

1 Digital Analytics for Retail Brent Dykes @analyticshero © iStockphoto / Thinkstock

2 Ecommerce Trends in 2012? Mobile Personalization Social Product Experience © Thinkstock

3 “What gets measured, gets managed.” Peter F. Drucker

4 © Digital Vision / Thinkstock Digital Analytics Tools

5 Retail Key Performance Indicators Orders Visits (or Visitors) Revenue Conversion Rate (Orders/Visits) Revenue per Visit (Revenue/Visits) Average Order Value (Revenue/Orders) © iStockphoto / Thinkstock

6 1. Lack of clarity around key business objectives 2. Too much emphasis on reporting instead of analysis 3. Lack of process in handling reporting and analysis requests 4. Reactive with analytics instead of being proactive 5. Paralysis caused by the need for perfect data 6. Not slowing down to understand, fix, or enrich the data 7. Expecting the data to do things it wasn’t intended to do 8. Chasing shiny objects instead of focusing on the fundamentals Top Digital Analytics Mistakes in Retail © Thinkstock

7 Disciplined. © iStockphoto / Thinkstock

8 Undisciplined. © Digital Vision / Thinkstock

9 Stuck in Setupland? © Web Analytics Action Hero

10 Analysis is Your Ticket to Actionland © Web Analytics Action Hero

11 © iStockphoto / Thinkstock

12 Revenue Orders Visits Brows e Search Product Details Checkou t Segmentation Acquisition Landing Pages Device © Thinkstock

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14 Revenue Orders Visits Brows e Search Product Details Checkou t Segmentation Acquisition Landing Pages Device © Thinkstock

15 Landing Page Analysis Single-Page Visits / Entries Lonely metric Supporting metrics Business context KPIs © iStockphoto / Thinkstock

16 Testing  Above the fold?  Heatmap?  Referrers?  Campaigns?  Keywords?  Paths?  Visitor segments? Landing Page Analysis: Deeper Dive

17 Landing Page Analysis 1 Uncork the bottleneck s Scratch beyond the surface 2 Don’t forget the landing page’s objective 3

18 Revenue Orders Visits Brows e Search Product Details Checkou t Segmentation Acquisition Landing Pages Device © Thinkstock

19 Internal Search Analysis Null Searches Biggest Gainers Search Conversion search term

20 Internal Search Analysis: Null Searches Not carried Misspelling International Not indexed Indexing update Merchandise opportunities © iStockphoto / Thinkstock

21 Internal Search Analysis: Biggest Gainers Current Time Period Previous Time Period  Spot new trends and opportunities  Adjust promotions  Address campaign and site issues

22 Internal Search Analysis: Search Conversion

23  Referral source?  Search refinements?  Path to results page?  Path from results page?  Products viewed?  Products added to cart?  Products purchased? Internal Search Analysis: Search Conversion  Number of results?  Relevance (sort order)?  Selection?  Product image quality?  Availability (in-stock)?  Ratings?  Refinement options?  Promotions? patagonia Volume: High Conversion: Low 1 Identify under- performer 2 Evaluate search results page 3 Compare against high- performers 4 Explore search segments

24 Revenue Orders Visits Brows e Search Product Details Checkou t Segmentation Acquisition Landing Pages Device © Thinkstock

25 Orders Visits Product Views Cart Adds Product Analysis: Key Steps

26 Product Analysis: Top Products

27  Price?  Images?  Description?  Options?  Availability?  Promotions?  Rating?  Rich media?  Related products?  Wish list / social sharing?  Shipping time?  Shipping cost?  Shipping method?  Cross-sell?  Promotions?  Inconsistency?

28 Product Analysis: Scatterplot Conversion Rate 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2.00% 50,000100,000150,000200,000250,000300,000 Product Views More exposure? Better Conversion? © iStockphoto / Hemera / Thinkstock

29 "The price of light is less than the cost of darkness." Arthur C. Nielsen © iStockphoto / Thinkstock

30 0111 1001110101 Questions? Brent Dykes @analyticshero bdykes@adobe.com © Hemera / Thinkstock


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