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My presentation at Block by Block 2012 about using metrics to help grow your hyperlocal small business
Citation preview
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
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
Core measurement tools
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Google Analytics
Facebook & Facebook Insights
Twitter & Tweetreach
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• Google Analy)cs dashboard measures site data including • Traffic • Audience • Content • Geography
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
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
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
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
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
• 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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Workflow and process best pracIces
Source: http://fobango.com
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
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?
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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
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
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
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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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