Power Hour Notes

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Read My DUMMIES Book CH 20/21

Read Avinash's book - WEB ANALYTICS:An Hour A Day


Stupid Yahoo! Web Analytics Tricks


What have you been up to since we last talked?

 
-- Internet Retailer CHI, testified to Congress; Brazil SMX; PUBCON Las Vegas, videos with Avinash

What do you think about Yahoo! Web Analytics?

-- blah blah blah

Why are analytics important?
-- blah blah blah
-- averages don't matter
-- segment and trend

How can retailers get started with Y!WA?
Turn on Yahoo! Web Analytics.
 --  make Yahoo! Web Analytics your homepage
  -- Yahoo! Web Analytics is slow. Servers are still in HUNGARY I think... but not for long...

Educate yourself about using Analytics in General and Yahoo! Web Analytics

HOW CAN RETAILERS EDUCATE THEMSELVES?

1) get avinash's book. WEB ANALYTICS: AN HOUR A DAY
2) watch his MARKET MOTIVE videos.
        I'm in one of one of 'em. There's a FREEBIE. (I get paid if you sign up for the $$$ part)

OK. What if I already have GOOGLE Analytics?
 Yahoo! Web Analytics is better than GA, but run both if you have both set-up now.

 Get Monitus so you can see Transaction Assist Report / KWP of the Day -- Mike gets it.

How can I make sure my YWA is set-up right?
implementation is done for you
+ tag your PPC URLs. GA can do this automatically,
  I use Google Adwords Editor
+ tag your EMAIL URLS

Rob, what do YOU do on your stores with Yahoo! Web Analytics?
-- short-term trouble shooting
-- long term site improvement / data collection / trends

Tell me about short-term and trouble shooting


  am I getting traffic?
  does my ppc traffic kinda equal what GAW YSM says it is?
  are email clicks tracking as campaigns?

use the DASHBOARD -- great place to start

YAHOO! WA E-Commerce Dashboard
SALES KPIs
REVENUE
AVG ORDR VALUE
CONVERSION RATE
BROWSE RATE
AVG NUM ITEMS
ACTIONS
GRAPH : SALES SUMMARY
TRAFFIC KPIS
visits
monthly uniques
monthly returning
AVG time per visit
AVG clicks
PAGEVIEWS
VISITS GRAPH (organic/direct/other)
Bounce rate by revenue (using rev participation
Conversion Ratio by Search Phrase
Product Conversion by SKU
Top Internal Searches
CONVERSION RATE GRAPH
 -- organic
 -- ppc
 -- other referrals
 

What are your favorite reports?
REPORT Use 404 reports to find broken links / bad PPC ads / problems

REPORT Use LAST VISITOR to see all kinds of stuff!
 - filter by ACTION to see started CARTS, see completed orders

Tell me about longer term site improvement / data collection

Use Conversion by Search Phrase to collect converting keywords
   
Separate YOUR brand phrases /navigational queries

Use ENTRY PAGE by keyword to see MRP (most relevant page)
also for seeing all the keywords that should be on a page (modifiers)
  
Separate PPC and Organic
 
you have to TAG your PPC URLs or they look organic
  I use separate pages for exact match
  I use separate pages for broad match  << negative match

in Yahoo! Web Analytics -- You must tag your PPC URLS or they look organic
 + Google Analytics -- in GA Google can do this for you
 
REPORT: Use Visits to Purchase to see Buying Cycle

REPORT: Use Time on Site as a better predictor for conversion


What things do retailers need to watch out for?

1) when tracking is about 90% right, that's close enough

2) depending on what you sell and price point, MOST of your sales come from multiple visits
  -- don't be fooled by BRAND / NAVIGATIONAL searches
   -- don't let PPC tracking fool you... GAW will take credit

GET REAL ABOUT MULTIPLE -- LOOK AT BUYING CYCLE
how many visits to your site does it take until someone buys?
are folks searching for your name coming back? or NAV searches?

According to Monitus -- TRANSACTION assist report:
SAMPLE of 116 Orders
62 were 1 visit / 1 order ($73)

54 had MORE than one visit to purchase ($121)
   17 of those came back 2+ sessions on BUY DAY

6 orders were direct PPC clicks with 1 visit > 1 conversion

KEYWORD DATA
55 had KWP data
63 showed no CKWP
  but 22 of those keywords were "lost" > multiple sessions / visits over 1+ days
  showed up in MONITUS TRANSACTION REPORT :)

LOST COOKIES
33 showed last referrer as DIRECT but 24 of those were +1 visit
  6 showed a domain or company name as CKWP
   4 showed Y! Cart
   3 showed Paypal as referrer
   6 showed an email URL as THE referrer


3) exclude YOUR  browser and all staff browsers to see STALKERS and LOYAL COMPETITORS