ANALYTICS & DATA MASTERY
AND CERTIFICATION CL ASS
ANALYTICAL
DECISION MAKING
YOU’VE GOT YOUR DATA…
NOW WHAT?
INSIGHTS
THROUGH ANALYSIS
ASKING THE RIGHT QUESTIONS
FINDING DISCREPANCIES AND QUESTIONING YOUR DATA
RESULTS
WHAT GENERATING HYPOTHESES
DRAWING A CONCLUSION ABOUT YOUR QUESTION THAT CAN
ANALYSIS BE TESTED AND EVALUATED
CONTEXTUALIZING DATA
REQUIRES
IDENTIFYING AND RECOGNIZING FACTORS THAT COULD
INFLUENCE YOUR DATA
TESTING AND EVALUATING
REVIEWING DRILL DOWN METRICS AND RELEVANT
INFORMATION TO PROVE OR DISPROVE HYPOTHESIS
@jtrondeau
ANALYTICAL
DECISION
MAKING
@jtrondeau
DROP IN AVERAGE ORDER VALUE
DURING PEAK SALES MONTHS
IN Q2, DURING THEIR BUSIEST SEASON, A
SWIMWEAR COMPANY SAW AVERAGE ORDER
EXAMPLE VALUE DROP 13%
ANALYSIS
@jtrondeau
STEP 1
CHOOSE YOUR FUNNEL
STAGE
BOTTOM OF THE FUNNEL
CHOOSE YOUR SWIMWEAR COMPANY LOOKING AT AVERAGE
ORDER VALUE
FUNNEL
STAGE
@jtrondeau
STEP 2
REVIEW KEY METRICS
AVERAGE ORDER VALUE HAS
REVIEW DROPPED 13%
AS SHOWN BEFORE, THIS IS WHAT TIPPED OFF THE
KEY
BUSINESS TO THEIR LAGGING PERFORMANCE
CORE OFFER CONVERSION RATE IS
METRICS DOWN 5%
AFTER DIGGING IN, THIS METRIC IS ALSO
UNDERPERFORMING
@jtrondeau
STEP 3
FORMULATE YOUR
QUESTION
WHAT FACTORS ARE DRIVING DOWN
CONVERSIONS AND ORDER VALUE?
FORMULATE PINPOINTING THE DROP IN CONVERSIONS WILL
HELP PINPOINT ORDER VALUE DROP
YOUR
QUESTION
@jtrondeau
STEP 4
CONTEXTUALIZE WITH
THE ANALYST’S TOOLKIT
NO CURRENT SALES PROMOTIONS
DURING THIS BUSY SEASON, NO PROMOS ARE
RUNNING THAT MIGHT LOWER ORDER VALUE
CONTEXTUALIZE SEASONALLY A PROFITABLE MONTH
YOUR ORDER VALUE SHOULD BE UP, NOT DOWN, DURING
THIS HIGH-DEMAND SEASON
DATA NO SIGNIFICANT CHANGE IN
AUDIENCE VOLUME
ROUGHLY SAME NUMBER OF VISITORS AS LAST
YEAR
@jtrondeau
STEP 5
FORM A HYPOTHESIS
ONE OF OUR TRAFFIC CHANNELS IS
FORM A DRIVING LOW-QUALITY SITE VISITORS
DROP IN THE QUALITY OF VISITORS WOULD
HYPOTHESIS RESULT A DECREASE IN BUY-READY VISITORS AND
SALES
@jtrondeau
STEP 6
REVIEW DRILL DOWN
METRICS
CONVERSION RATE IS DOWN FOR ALL
TRAFFIC CHANNELS
FROM PAID TRAFFIC TO EMAILS, ALL CHANNELS
REVIEW SHOW THE CONVERSION RATE DROP
DRILL DOWN WHILE DRILLING DOWN, NOTICED
THAT THE TRAFFIC SPLIT FAVORED
METRICS MOBILE
MOBILE TRAFFIC TOOK UP AN UNUSUALLY HIGH
PROPORTION OF VISITORS, AND MOBILE WAS
SHOWN TO HAVE A LOWER CONVERSION RATE
@jtrondeau
STEP 7
PROVE OR DISPROVE
YOUR HYPOTHESIS
TRAFFIC CHANNEL SPLIT DID NOT
INDICATE ANY CHANNEL WAS
PROVE OR UNDERPERFORMING
OUR TRAFFIC CHANNELS WEREN’T THE SOURCE OF
DISPROVE OUR TROUBLE
HYPOTHESIS HOWEVER, PLATFORM SPLIT SHOWED
MOBILE WAS CONVERTING LOWER
MOBILE TRAFFIC SEEMS TO BE THE PROBLEM AREA
@jtrondeau
STEP 8
APPLY INSIGHTS
APPLY
THE MOBILE EXPERIENCE WAS
OPTIMIZED TO INCREASE CONVERSION
INSIGHTS
THE MOBILE SALES FUNNEL HAD A PAGE WITH
OVERLAPPING SWIMSUIT IMAGES, MAKING
SELECTION (AND CONVERSION) MORE DIFFICULT
@jtrondeau
PRACTICING
ANALYTICAL
DECISION MAKING
WATCH YOUR KEY METRICS
THESE WILL TIP YOU OFF ABOUT AREAS FOR
ANALYZING IMPROVEMENT OR CONCERNING PERFORMANCES
YOUR BE PREPARED TO BE WRONG
FINDING THAT YOUR HYPOTHESIS IS WRONG IS
PART OF THE PROCESS
BUSINESS STAY PROCESS-ORIENTED
THE ANALYTICAL DECISION MAKING PROCESS IS
DESIGNED TO PREVENT DATA OVERLOAD
@jtrondeau
APPLYING THE
ANALYST’S TOOLKIT
THE
ANALYST’S
TOOLKIT
LENSES TO UNDERSTAND
YOUR DATA
DATA DOESN’T
START OUT PERFECT
SOMETIMES NUMBERS LIE
DECISION
MAKING
REQUIRES
CONTEXT
@jtrondeau
DON’T GIVE UP
ON YOUR NUMBERS
THE
ANALYST’S
TOOLKIT
HISTORICAL
LENS
@jtrondeau
ONE WEEK, AVERAGE SESSIONS
DROPPED 22%
HOWEVER, WHEN VIEWED IN THE CONTEXT OF THE
EXAMPLE PREVIOUS YEAR, THE DIP WAS EXPECTED
ANALYSIS
@jtrondeau
EXTERNAL
LENS
@jtrondeau
IN 2015, MORE VISITORS MOVED TO
MOBILE FOR BROWSING
A HIGHER PROPORTION OF VISITORS ON MOBILE
MEANS BIG CHANGES FOR BUSINESS AS USUAL
EXAMPLE
ANALYSIS
@jtrondeau
INTERNAL
LENS
@jtrondeau
PIXELED SITE VISITORS MORE THAN
DOUBLED OVER 4 WEEKS
THESE NUMBERS SEEMED TOO GOOD TO BE
EXAMPLE TRUE… AND THEY WERE. WE ACCIDENTALLY ADDED
A NEW TRACKING PIXEL TO OUR SITE, AND IT
ANALYSIS
DOUBLE-COUNTED SITE VISITORS
@jtrondeau
CONTEXTUAL
LENS
@jtrondeau
TRACKING IMPROVEMENTS IN
CUSTOMER EXPERIENCE
TWO HIGHER VOLUME MONTHS MEAN THE TREND
UNDER-REPRESENTS SERVICE IMPROVEMENT
EXAMPLE
ANALYSIS
@jtrondeau
HOW TO APPLY
THESE INSIGHTS
CLEANING YOUR DATA
SEGMENT
AND ANALYZE
SEGMENTING AND
DRILLING DOWN
UTM
PARAMETERS
STEP 1
Identify your data set
WHAT’S THE WEB ANALYTICS
WEB DATA
DATA ECOMMERCE
SALES DATA
SET? QUALITATIVE
USER/USABILITY DATA
@jtrondeau
STEP 2
Identify your KPIS
REMEMBER
KPIs must measure your business &
campaign goals
KPIS COME
FROM WEB ANALYTICS
PAGE LEVEL METRICS, e.g., TIME ON SITE, BOUNCE
DATA
RATE, USERS, ETC…
ECOMMERCE
SETS
SALES METRICS, e.g., PURCHASES, AOV, RPV, ETC…
@jtrondeau
KPI Example: Content Team
UNIQUE PAGEVIEWS (USERS)
TOTAL CTA CLICKS
WHAT WE BLOG CONTENT TRAFFIC SOURCE
MEASURE BOUNCE RATE
AVERAGE PAGE VIEWS
KPI Example: Content Team
WEB ANALYTICS WHAT IT TELLS YOU
HOW YOUR VISITORS ARE INTERACTING WITH
TRENDS
YOUR SITE
INDICATOR DATA
@jtrondeau
What Can Be Said Here?
ECOMMERCE WHAT IT TELLS YOU
BUYING BEHAVIOR
TRENDS ADDITIONAL TRACKING REQUIRED
FOR ATTRIBUTION AND CAMPAIGN DATA
@jtrondeau
What Can Be Said Here?
What Can Be Said Here?
ECOMMERCE & ALL WE KNOW IS PEOPLE ACTED A
WEB DATA MISS CERTAIN WAY OR THEY BOUGHT
YOU NEED QUALITATIVE DATA TO UNPACK
THE WHY THIS DATA
@jtrondeau
QUALITATIVE
DATA
DATA SOURCE LIKE HEATMAPS, USER
SURVEYS, & SESSION RECORDINGS…
DOESN’T
…GIVE YOUR DATA CONTEXT
@jtrondeau
Analytics Provides Click Data
Heatmaps visualize!
Scrollmaps Tell You If They See Your Offer!
Remember a Trend is Only an Indicator
ASK THE RIGHT QUESTIONS
DATA ANALYSIS IS ONLY AS GOOD AS THE
WE MUST QUESTION YOU ASK
CONTEXTUALIZE HAVE THE APPROPRIATE DATA SET
YOU CAN MAKE DATA SAY ANYTHING! YOU NEED
THE TO MAKE SURE IT SAYS THE RIGHT THING
INDICATOR EVALUATE IF THE SET IS A TRUE
REPRESENTATION
SEE THE PREVIOUS CHART :-)
@jtrondeau
BUSINESS ANALYSES
TO START IMMEDIATELY
PINPOINT QUICK WINS
WHAT WE’RE SHOW YOU HOW TO MAKE A BIG IMPACT WITH
YOUR NEW DATA & ANALYSIS SKILLS
TRYING TO GIVE YOU A STARTING PLACE
ACCOMPLISH AND THINKING ANALYTICALLY
OFFER AN INTRODUCTION TO COLLECTING DATA
@jtrondeau
KITCHTOOL.C0
Small or New Business
YOUR NUMBER ONE PRIORITY
BEST PLACE MAXIMIZE IMMEDIATE ROI AND REACH
PROFITABILITY
TO START WHERE TO START
EVALUATE YOUR SITE TRAFFIC SOURCES
@jtrondeau
EVALUATE YOUR THREE KEY AREAS TO EVALUATE
TRAFFIC
HIGH TRAFFIC PAGES, LANDING PAGES, AND THE
END OF YOUR SALES FUNNEL
SOURCES
KEY PARAMETERS TO EVALUATE
SOURCE, CAMPAIGN, AND CONTENT
@jtrondeau
HOMEPAGE
LANDING PAGES
END OF SALES FUNNEL
YOURHOMEFIT.CO
Digital Business with Diverse Offerings
YOUR NUMBER ONE PRIORITY
BEST PLACE PROPERLY VALUE YOUR DIFFERENT PROPERTIES
AND PRODUCTS
TO START WHERE TO START
DETERMINE THE AVERAGE VALUE OF A NEW
MEMBERSHIP CUSTOMER
@jtrondeau
COHORT ANALYSIS
DAVESCARS.CO
Service and Brick & Mortar Businesses
YOUR NUMBER ONE PRIORITY
BEST PLACE PROPERLY VALUE YOUR OFFLINE MEDIA AND
LEADS TO IMPROVE LONGTERM PERFORMANCE
TO START WHERE TO START
USE DIRECT VISITORS TO DIG INTO OFFLINE MEDIA
& EVALUATE CUSTOMER LIFETIME VALUE BY LEAD
@jtrondeau
LANDING PAGE VISITS
CHOOSE AN OLD LEAD SOURCE
EVALUATE SOMETHING WHERE YOU’LL HAVE
CUSTOMER ENOUGH DATA TO APPROXIMATE VALUE
LIFETIME PULL YOUR CLV METRICS
LOOKING AT TOTAL PAID AND TRANSACTIONS
FROM CUSTOMERS CREATED BY LEAD
VALUE REMOVE OUTLIERS AND EVALUATE
USE THIS DATA TO VALUE PROMOTIONAL
STRATEGIES AND LEADS AND PLAN FUTURE ONES
@jtrondeau
TRANSITIONING
FROM REACTIVE TO
PROACTIVE ANALYSIS
WHAT WE’VE
COVERED SO FAR…
WHY DATA
MATTERS
COLLECTING DATA
ANALYST’S
MARKETING
FUNNEL
@jtrondeau
ANALYTICAL
DECISION
MAKING
@jtrondeau
THE
ANALYST’S
TOOLKIT
SEGMENTING AND
DRILLING DOWN
LAST STEP:
MOVING FROM REACTIVE TO
PROACTIVE ANALYSIS
ANALYST’S
MARKETING
FUNNEL
@jtrondeau
THINK
HOLISTICALLY
CHANGES AT ONE STAGE
AFFECTS OTHER STAGES
CONSIDER HOW EACH FUNNEL STAGE
INFLUENCES THE OTHERS
EACH STAGES SUCCEEDS OR FAILS BASED UPON
PERFORMANCE AT PREVIOUS STAGES
HOW TO BE PREDICT IMPACT BASED ON HISTORICAL
DATA
PROACTIVE UNDERSTAND HISTORICAL RELATIONSHIPS TO ESTIMATE
HOW GROWTH OR LOSS WILL AFFECT THE LARGER WHOLE
ADJUST BEHAVIOR TO COMPENSATE OR
CAPITALIZE ON CHANGES
USE METRICS TO KNOW WHAT ACTIONS YOU CAN LEVERAGE
TO ACHIEVE OPTIMUM PERFORMANCE
@jtrondeau
START WITH
GOALS
GIVE YOU A MEASURE OF SUCCESS
WHY GOALS
STARTING WITH GOALS ALLOWS YOU TO DECIDE WHAT
SUCCESS LOOKS LIKE
MATTER ALLOW YOU TO REVERSE ENGINEER TO THE
STARTING POINT
KNOWING YOUR DESIRED END RESULT LETS YOU KNOW
WHAT YOU NEED YOUR AUDIENCE TO DO AT EVERY STEP
@jtrondeau
OUR GOAL IS TO SELL 100 CORE OFFERS
A MONTH
WHAT ARE THE STEPS TO OUR GOAL?
EXAMPLE WE MUST MOVE PROSPECTS DOWN THIS
FUNNEL:
ANALYSIS • SITE VISITOR
• CONTENT READER
• BANNER CLICKER
• LEAD
• TRIPWIRE PURCHASER
• CORE OFFER PURCHASER
@jtrondeau
WHAT ARE OUR SALES CONVERSION
RATES?
USE CONVERSION RATES TO REVERSE ENGINEER THE
NUMBER OF BANNER CLICKS REQUIRED
START AT THE
END… 100 = .114*.089*.376*X
100/(.114*.089*.376) = X
26,213 = X
@jtrondeau
WHAT ARE OUR BANNER CLICK %S?
USE BANNER CLICK % TO DETERMINE HOW MANY
UNIQUE VISITS TO CONTENT WE NEED
TRACE BACK TO
MIDDLE OF
THE FUNNEL 26213 = .0907*Y
26213/.0907 = Y
289,007 = Y
@jtrondeau
HOW FREQUENTLY DO NEW VISITORS
BECOME CONTENT READERS?
FOR THIS SIMPLIFIED FUNNEL, WE’LL ASSUME 80% OF
AND FINALLY
NEW VISITORS READ AT LEAST ONE ARTICLE
289007 = .8*Z
TOP OF THE 289007/.8 = Z
FUNNEL 361,259 = Z
THEREFORE, TO REACH OUR GOAL WE MUST
DRIVE 361,000 NEW VISITORS MONTHLY
@jtrondeau
OPTIMIZE TO COMPENSATE
AND IMPROVE PERFORMANCE
UNDERSTAND THE ANALYST’S FUNNEL IS
CONNECTED
THE ANALYST’S FUNNEL, AND ALL FUNNELS, DO NOT EXIST IN
A VACUUM - ALL THE PARTS WORK TOGETHER
BECOMING START WITH GOALS, THEN REVERSE ENGINEER
PROACTIVE USE YOUR DESIRED END RESULT TO MAP OUT WHAT SUCCESS
LOOKS LIKE
TRACK & OPTIMIZE ALONG THE WAY
USE YOUR ANALYST SKILLS TO IMPROVE PERFORMANCE AT
EVERY STAGE TO HIT AND SURPASS YOUR GOALS
@jtrondeau
GO FORTH
AND ANALYZE
ANALYTICS & DATA MASTERY
AND CERTIFICATION CL ASS