Sunday, November 1, 2015

Tracking Events Along the Customer Journey

As customers engage with your brand, there are many stepping stones along the customer’s path to purchase for a marketer to track.  Goals for each brand will be different depending upon their business objective.  While the overall macro conversion goal should be aligned to the broader business objective, what are those other important stones along the way on which we hope to see some footsteps?  How do we know our buyers, prospects, members, or community are engaging with our brand along a proven path that leads to achieving that macro goal? Do we need to place a new stone down along the path?  This is the world of micro conversions and where tracking events plays a key role.  
In terms of your website, “Focus on measuring your macro (overall) conversions, but for optimal awesomeness identify and measure your micro conversions as well” (Kaushik, 2008).  It might look something like this:


While page views do give the marketer insight into visitor behavior, there are certain behaviors a website visitor may take on a page that do not trigger a page view.  This is where measuring Events becomes an important aspect of web analytics.  Google defines events as “user interactions with content that can be tracked independently from a web page or a screen load. Downloads, mobile ad clicks, gadgets, Flash elements, AJAX embedded elements, and video plays are all examples of actions you might want to track as Events” (Google, 2015).
            As marketers, we all have come to the same realization, video is a critical and impactful component of content marketing strategies.  A Forbes Insights study of more than 300 C-level executives provides some compelling reasons for B2B marketers to use video.
     65% have visited a vendor’s website after watching a video
     53% have conducted a search to locate more information 
     75% of executives indicated they watch work related videos at least weekly (Forbes 2010).

“Video provides highly tailored feedback, enabling marketers to learn what's engaging and what's not. If people are dropping off your 90-second video after 10 seconds, you'd want to know and adjust accordingly. If 80% stayed and watched to the end, you'd want to know that too” (Litt, 2013).  This is all enabled by the use of event tracking in web analytics tools.   
            If part of your B2B marketing strategy involves using case studies and whitepapers to influence and inform visitors, it will be important to understand which of these pieces of content is downloaded more frequently.  This is another micro conversion strategy which can be evaluated through event tracking.  The advanced event tracking parameters enables deeper insights based on filtering and segmenting reports in some web analytics tools (Feltman, 2014).  Connecting content downloads to referring sites might be an analysis to complete in order to evaluate PPC campaigns.  
Before you run out and begin measuring every event on your website, think through which interactions are most meaningful.  “If a click does not indicate a higher-than-average interest in your business, it is not going to give you any insights into how your top visitors operate,” says Ashley Kemper from Blue Fountain Media. (Blue Fountain Media, 2014).  Here are 4 helpful Do’s for setting up event tracking:
1.    Track meaningful interactions
2.    Categorize events intelligently - clearly define what type of interaction is happening
3.    Track events with meaning - Write down the top interactions a user can or should perform on the site.
4.    Use an event code configuration tool to simplify your life (Blue Fountain Media, 2014)
           
Event tracking is a helpful way to generate meaningful insights to shape and refine your buyer personas, show an ROI for your content marketing budget, and uncover which micro conversions best lead to macro conversions.
           

References:
Fettman, E. (2014, March). Google Analytics Universal Guide: Best Practices for Implementing and Reporting. Retrieved from https://www.e-nor.com/publications/ebooks/google-analytics-universal-best-practices-for-implementation-and-reporting.pdf

Forbes. (2010). Video in the C-Suite: Executives embrace the non-text web. Retrieved from http://images.forbes.com/forbesinsights/StudyPDFs/Video_in_the_CSuite.pdf

Google. (2015). Analytics help: About events. Retrieved from https://support.google.com/analytics/answer/1033068?hl=en

Kaushik, A. (2008, March 26).  Excellent Analytics Tip #13: Measure Macro AND Micro Conversions. Retrieved from http://www.kaushik.net/avinash/excellent-analytics-tip-13-measure-macro-and-micro-conversions/

Blue Fountain Media. (2014, August 2014). How not to set up event tracking. Ashley Kemper [Web log]. Retrieved from http://www.bluefountainmedia.com/blog/how-not-to-set-up-event-tracking/


Litt, M. (2013, September 19).  How Video Plays a Crucial Role in the Rise of Content Marketing. Retrieved from http://www.marketingprofs.com/articles/2013/11651/how-video-plays-a-crucial-role-in-the-rise-of-content-marketing

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