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How Analytics Can Boost Your Sales
and Get you New Customers

September 2011
Agenda
• Getting goals right…leads to the right
  strategies…leads to effective measurement
• One way to frame it – “Conversion Funnel”
• Analytics in the Social Media space – some learning
Your high level goals dictate the
  strategies…and how you measure them
• Everyone’s goal is to “drive more business”
   –   Close more sales
   –   Generate more transactions
   –   Book more reservations
   –   Attract more donors
   –   Generate more RSVPs
Identify & track to your goal
  “conversion event(s)” from online mktg
• Same session transaction/event
  -   Reservation booked
  -   Product ordered
  -   Appointment scheduled
  -   Coupon/offer “clipped”
• Increase your pipeline/drip-marketing DB
   - Email newsletter sign up
   - Social Media connection – “Liked” or “Followed”
Thinking about a Conversion
      Funnel can help
                     How you generate traffic
   Traffic Sources   to your site/blog

                     What that traffic does
     Site Traffic
                     (bounce, engage, conver
                     t)

    Conversions      Conversions and ROI
Goal is optimize each layer of the
             funnel
                       Find most
     Traffic Sources   effective/efficient
                       sources
                       (SEM, SEO, Social)
       Site Traffic    Learn what’s working and
                       what’s not on your site


      Conversions      Track conversions back
                       to actions and sources
                       so you can do more!
Different analytics tools help at
        different stages
                       Google Analytics &
                       Adwords, Facebook
    Traffic Sources    Insights, Twitter, Roost

                       Google
      Site Traffic
                       Analytics, LandingPage
                       Testing, etc

     Conversions       Your internal
                       systems/CRM, etc
The metrics themselves differ by
         funnel phase
                       - Impressions, Unique Visitors
                       - CPM, CPC, CPA
     Traffic Sources

                         - Bounce rate
       Site Traffic      - Click thru
                         - Conversion %


      Conversions        - Conversions
                         - ROI $/%
An example – SMB using social
   media to drive Coupons
                    - Generate consistent stream
                      of posts onto FB page about
     Facebook         the Coupon offer to drive
                      traffic to landing page

   Coupon Landing   - Optmize the landing page
    Page on Site      for Coupon “codes
                      requested”

      Coupons       - Track coupon codes
     Redeemed         redeemed
                    - Calculate ROI based
                      on incremental
                      margin $/cost of time
A few nuggets from our experience
 helping SMB’s with Social Media
– Different post types have different levels of
  effectiveness in different networks
   • Photos generate the most impressions on Social Media
   • Questions generate engagement (2x the number of
     comments of other Post types)
   • Quotes generate the most ReTweets on Twitter
– If you’re a local business, think hard about how to
  attract local fans!
   • Only 15% of the average local business’ fans are actually in
     the city where the business is located
Feel free to contact me
• alex.chang@roost.com
• @alexchangSF

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Analytics alex chang - tour 2011 (2)

  • 1. How Analytics Can Boost Your Sales and Get you New Customers September 2011
  • 2. Agenda • Getting goals right…leads to the right strategies…leads to effective measurement • One way to frame it – “Conversion Funnel” • Analytics in the Social Media space – some learning
  • 3. Your high level goals dictate the strategies…and how you measure them • Everyone’s goal is to “drive more business” – Close more sales – Generate more transactions – Book more reservations – Attract more donors – Generate more RSVPs
  • 4. Identify & track to your goal “conversion event(s)” from online mktg • Same session transaction/event - Reservation booked - Product ordered - Appointment scheduled - Coupon/offer “clipped” • Increase your pipeline/drip-marketing DB - Email newsletter sign up - Social Media connection – “Liked” or “Followed”
  • 5. Thinking about a Conversion Funnel can help How you generate traffic Traffic Sources to your site/blog What that traffic does Site Traffic (bounce, engage, conver t) Conversions Conversions and ROI
  • 6. Goal is optimize each layer of the funnel Find most Traffic Sources effective/efficient sources (SEM, SEO, Social) Site Traffic Learn what’s working and what’s not on your site Conversions Track conversions back to actions and sources so you can do more!
  • 7. Different analytics tools help at different stages Google Analytics & Adwords, Facebook Traffic Sources Insights, Twitter, Roost Google Site Traffic Analytics, LandingPage Testing, etc Conversions Your internal systems/CRM, etc
  • 8. The metrics themselves differ by funnel phase - Impressions, Unique Visitors - CPM, CPC, CPA Traffic Sources - Bounce rate Site Traffic - Click thru - Conversion % Conversions - Conversions - ROI $/%
  • 9. An example – SMB using social media to drive Coupons - Generate consistent stream of posts onto FB page about Facebook the Coupon offer to drive traffic to landing page Coupon Landing - Optmize the landing page Page on Site for Coupon “codes requested” Coupons - Track coupon codes Redeemed redeemed - Calculate ROI based on incremental margin $/cost of time
  • 10. A few nuggets from our experience helping SMB’s with Social Media – Different post types have different levels of effectiveness in different networks • Photos generate the most impressions on Social Media • Questions generate engagement (2x the number of comments of other Post types) • Quotes generate the most ReTweets on Twitter – If you’re a local business, think hard about how to attract local fans! • Only 15% of the average local business’ fans are actually in the city where the business is located
  • 11. Feel free to contact me • alex.chang@roost.com • @alexchangSF