From the course: Digital Marketing Analytics Nano Tips with Sam Dey
Key metrics to watch
From the course: Digital Marketing Analytics Nano Tips with Sam Dey
Key metrics to watch
Every industry seems to have its own jargon terms, and marketing, unfortunately, is no different. There's nothing more confusing than logging into your analytics and having no idea what some of the key terms mean. Let's break some of them down so you don't get overwhelmed when looking at your analytics. Firstly, let's look at impressions. These are the amount of people who have seen your campaign but haven't necessarily interacted with it. Then you have clicks or the amount of people who have seen your campaign and actively clicked on it. You also get views which is similar to clicks, but these are the amount of people specifically who have played one of your videos. You also have conversions or the amount of people who have taken a desired action after seeing your campaign. You also have some analytics that are more specific to paid ads like Cost per click, or how much is it costing you to get someone to click on your campaign. You also have Costs per conversion, or how much is it costing you to get someone to convert into a customer or into a lead. As well as this, you have ROAS or Return On Ad Spend. This is how much is it costing you to get a return on the money you are spending on your ads.
Contents
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The importance of analytics45s
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Key metrics to watch1m 23s
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Little to no impressions50s
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Impressions but little to no clicks or engagement1m 7s
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Conversion tracking1m 28s
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Optimizing campaigns for impressions or clicks1m 7s
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What impacts your analytics?1m 5s
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The lifetime value of a customer1m 16s
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Split testing and multi-variant testing1m 16s
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Making data-driven marketing decisions48s
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