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Show me the numbers: Grow your business with metrics Susan Mernit Oakland Local at BXB 2012 September 2012 For more like this, go to oaklandlocal.com/content/ trainings and see slideshare.com/mernit

Sept 15 2012 bxb show me the numbers

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My presentation at Block by Block 2012 about using metrics to help grow your hyperlocal small business

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Page 1: Sept 15 2012  bxb show me the numbers

Show  me  the  numbers:  Grow  your  business  with  metrics  

Susan  Mernit  Oakland  Local  at  BXB  2012  

September  2012  For  more  like  this,  go  to  oaklandlocal.com/content/

trainings  and  see  slideshare.com/mernit  

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What  we’re  discussing  

•  How  can  I  look  at  core  metrics  and  use  them  to  grow  what  I  do?  

•  What  are  the  basic  tools  and  <ps  to  work  with?  

•  How  do  I  make  decisions  based  on  metrics  data?  •  What  are  best  prac<ces  to  follow  working  with  metrics  in  an  ongoing  way?  

•  What  are  some  good  <me  management  prac<ces  around  metrics  repor<ng  

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QuesIons  Answered  

How  can  I  look  at  core  metrics  and  use  them  to  grow  what  I  

do?  

What  are  the  basic  tools  and  <ps  to  work  with?  

How  do  I  make  decisions  based  on  

metrics  data?  

What  are  best  prac<ces  to  follow  

working  with  metrics  in  an  ongoing  way?  

What  are  some  good  Ime  management  pracIces  around  metrics  reporIng?  

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GeKng  started  with  metrics  •  Web  analy)cs  is  the  measurement,  collecIon,  analysis  and  reporIng  of  internet  data  for  purposes  of  understanding  and  opImizing  web  usage  

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Metrics are CORE for any small site operator

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Core  measurement  tools  

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Google Analytics

Facebook & Facebook Insights

Twitter & Tweetreach

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knightdigitalmediacenter.org  6

• Google  Analy)cs  dashboard  measures  site  data  including  • Traffic  • Audience  • Content  • Geography  

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EssenIal  GA  metrics  to  evaluate  

–  Time  spent  

–  Pages  viewed  –  Returning  vs.  new  visitors  –  Referral  source  –  LocaIon  –  Unique  visitors  –  Page  views  –  PlaWorms  

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But  it’s  a  matrix:  Metrics  are  most  meaningful    in  relaIonship  to  one  another  

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Watching  the  GA  connecIons  to  drive  site  growth  

•  Google  AnalyIcs  factors:    – Referral  traffic:  Where  are  the  most  engaged  users  coming  from?  (referral  traffic/Ime  spent  metrics)  

– Content  behaviors:  What  is  average  )me  spent  per  story?  How  do  content  stats  per  story  (NOT  averages)  relate?  

– Content:  What  keywords  drive  traffic  for  my  site?  – What  are  top  entrance  pages  (correlate  with  search  engine  traffic)  

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Decisions  based  on  Google  AnalyIcs  

•  Type  of  content  (topics,  trending  issues,  cost)  •  Geographic  focus  (review  of  locaIon  &  mission)  

•  Social  media  markeIng  outreach:  Focus  on  top  social  media  referral  sources  based  on  – Top  referrers  – Best  Ime  spent  metrics  from  specific  referrers  – Campaign  reviews  (newslecers)  

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LocaIon:  Checking  geographic  focus  

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The  LocaIon  tab  (under  Audience  Demographics)  shows  where  your  audience  is  from—essen)al  for  sales/funders  

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Understanding  Mobile  

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Under Audience, Google Analytics will tell you what percentage of your audience Is via mobile—and which platforms

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GA:  Checking  content  &  interest  vs.  referrals  

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IMPACT:  Improve  understanding  of  top  content  and  referral  sources  

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Other  core  metrics  tools  

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Measures Facebook page data

Measures tweet impact

Facebook Insights

Facebook Insights Likes Comments

Twitter Followers Retweets Tweet reach

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Facebook  Insights-­‐Admins  can  access  

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Insights  is  the  equivalent  Of  Google  Analy)cs  for  Business—not  personal-­‐Facebook  pages—need  30+  followers  Data  is  exportable—correlate  with  Google  Analy)cs  in  your  analyses  

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Use  the  FB  demographics  data!  

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Who’s  talking  shows  demographics—key  for  adverIsers—and  for  targeIng  content  

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Facebook  provides  INSTANT  feedback  

Content  &  Audience  

•  What’s  popular  (views)  

•  What’s  being  referred  (viral)  •  Who  is  your  audience  

(followers  &  demographics)  

Ads  &  social  marke)ng  

•  Tracking  response  on  social  markeIng/promoIon  posts  

•  Tracking  likes  &  reposts  

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Apply  Facebook  data  to  recruit  new  adverIsers,    fine  tune  your  content,  define  audiences,  drive  traffic  to  website  

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Tweetreach  is  a  criIcal  Twicer    metrics  tool  

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•  Shows  most  retweeted  

•  Shows  top  retweeters  

•  Shows  top  tweets  and  how  far  each  reach  

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Oakland  Local:  Tweetreach  

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How  many  people  are  you  reaching  via  TwiNer—and  who  are  they?  Tweetreach  gives  you  data  

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Tweetreach  report  First  screen  

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Tweetreach  data  dive—who’s  ContribuIng  to  your  stream?  

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knightdigitalmediacenter.org  22

Workflow  and  process  best  pracIces  

Source: http://fobango.com

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Create  a  reporIng  dashboard  to  track  stats  over  Ime-­‐  Excel  

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Spreadsheet tracking key metrics month by month, quarter by quarter.

Build or download a template to collect data

Check data weekly All  rights  reserved.  Houseoflocal.org  

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Your  dashboard  should  track    

•  Google  Analy)cs  •  Unique  visitors  •  First  Ime  vs.  repeat  visitors  •  Time  on  site  •  Pages  per  visit  •  Bounce  rate  •  Top  10  Content  (by  page  views  or  by  unique  visitors)  •  Number  of  comments  (conversion  goal)  •  Number  of  member  blog  posts  (conversion  goal)  •  New  members  (conversion  goal)  •  Top  referring  sources  

Let’s  discuss:  how  does  this  work    as  a  weekly/daily  report?  

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Your  dashboard  should  track    

•  Facebook  Insights  •  Followers  •  Demographics  •  LocaIon  

•  Likes/virality  •  Tweetreach  

•  Top  Tweets  •  Top  Tweeters  •  Most  retweeted  

Let’s  discuss:  how  does  this  work    as  a  weekly/daily  report?  

25  All  rights  reserved.  Houseoflocal.org  

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Want  to  learn  more?  Videos  on  the  Official  Google  AnalyIcs  YouTube  Channel    

are  a  quality  resource.  

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Putting knowledge To work—

Source: http://blog.podio.com All  rights  reserved.  Houseoflocal.org  

Things  to    Ask  &  Try  

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When  do  you  check  stats?  

•  Daily  or  weekly  – 30  minutes  or  less  

– Look  at  basic  weekly  stats  • Top  content  • Top  referrers  • Time  spent/bounce  metrics  

•  Monthly  –  90  minutes  

–  Review  all  stat  sources  –  Build  a  monthly  report  –  Compare  6  month  trend  data  

•  Google  AnalyIcs  •  Facebook  Insights  •  Tweetreach  

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PuUng  info  to  work-­‐-­‐Start  with  basic  analysis  

Planning  

•  What  is  your  site’s  greatest  strength  according  to  Google  AnalyIcs?  

•  Example:  High  number  of  returning  visits,  high  Ime  spent  on  pages  metrics  

•  Use  stats  to  portray  your  strengths-­‐Create  a  1  pager  •  What  is  a  problem  you  see  in  your  site  that  Google  

AnalyIcs  shows  you?  

–  Example:  High  bounce  rate,  poor  referrals  from  social  media  despite  puKng  investment  there  

–  Use  stats  to  portray-­‐-­‐Create  a  1  pager  29  All  rights  reserved.  Houseoflocal.org  

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Workflow:  Monthly  reporIng?  

•  What  does  a  monthly  report  about  your  site  look  like?  – Construct  a  monthly  report  across  all  data  sources  highlighIng  metrics  you  consider  meaningful/important  

– Make  some  inferences/asserIons  and  test  them  

30  All  rights  reserved.  Houseoflocal.org  

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Followup  

•  Should  we  have  a  peer  learning  circle?  –  If  yes,  contact  [email protected]  

– More  on  metrics  (including  the  basics):  hcp://slideshare.com/susanmernit  

– 1:1  discussions  and  training  possible—contact  [email protected]  

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