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  • CRO Audit : Increase Your Conversions in 10 Simple Steps

    25 mars 2024, par Erin

    You have two options if you’re unhappy with your website’s conversion rates.

    The first is to implement a couple of random tactics you heard on that marketing podcast, which worked for a business completely unrelated to yours. 

    The other is to take a more systematic, measured approach. An approach that finds specific problems with the pages on your site and fixes them one by one. 

    You’re choosing the second option, right ?

    Good, then let’s explain what a conversion rate optimisation audit is and how you can complete one using our step-by-step process.

    What is a CRO audit ?

    A conversion rate optimisation audit (CRO audit) systematically evaluates your website. It identifies opportunities to enhance your website’s performance and improve conversion rates. 

    During the audit, you’ll analyse your website’s entire customer journey, collect valuable user behaviour data and cross reference that with web analytics to find site elements (forms, calls-to-actions, etc.) that you can optimise.

    What is a CRO audit

    It’s one (and usually the first) part of a wider CRO strategy. 

    For example, an online retailer might run a CRO audit to discover why cart abandonment rates are high. The audit may throw up several potential problems (like a confusing checkout form and poor navigation), which the retailer can then spend time optimising using A/B tests

    Why run a CRO audit ?

    A CRO audit can be a lot of work, but it’s well worth the effort. Here are the benefits you can expect from running one.

    Generate targeted and relevant insights

    You’ve probably already tested some “best practice” conversion rate optimisations, like changing the colour of your CTA button, adding social proof or highlighting benefits to your headlines. 

    These are great, but they aren’t tailored to your audience. Running a CRO audit will ensure you find (and rectify) the conversion bottlenecks and barriers that impact your users, not someone else’s.

    Improve conversion rates

    Ultimately, CRO audits are about improving conversion rates and increasing revenue. Finding and eliminating barriers to conversion makes it much more likely that users will convert. 

    But that’s not all. CRO audits also improve the user experience and customer satisfaction. The audit process will help you understand how users behave on your website, allowing you to create a more user-friendly customer experience. 

    A 10-step process for running your first CRO audit 

    Want to conduct your first CRO audit ? Follow the ten-step process we outline below :

    A 10-step process for running your first CRO audit

    1. Define your goals

    Start your CRO audit by setting conversion goals that marry with the wider goals of your business. The more clearly you define your goals, the easier it will be to evaluate your website for opportunities. 

    Your goals could include :

    • Booking more trials
    • Getting more email subscribers
    • Reducing cart abandonments

    You should also define the specific actions users need to take for you to achieve these goals. For example, users will have to click on your call-to-action and complete a form to book more trials. On the other hand, reducing cart abandonments requires users to add items to their cart and click through all of the forms during the checkout process. 

    If you’re unsure where to start, we recommend reading our CRO statistics roundup to see how your site compares to industry averages for metrics like conversion and click-through rates. 

    You’ll also want to ensure you track these conversion goals in your web analytics software. In Matomo, it only takes a few minutes to set up a new conversion goal, and the goals dashboard makes it easy to see your performance at a glance. 

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    2. Review your analytics

    With your goals in mind, the next step is to dive into your website analytics and identify pages that need improvement.

    Consider the following conversion metrics when analysing pages :

    • Conversion rate
    • Average time on page
    • Average order value
    • Click-through rate

    Ensure you’re analysing metrics aligning with the goals you set in step one. Average order value could be a great metric to track if you want to reduce cart abandonments, for example, but it’s unsuitable to get more email subscribers.

    3. Research the user experience

    Next, you’ll want to gather user experience data to better understand how potential customers use your website and why they aren’t converting as often as you’d like. 

    You can use several tools for user behaviour analysis, but we recommend heatmaps and session recordings.

    Heatmaps visually represent how users click, move and scroll your website. It will show where visitors place their attention and which page elements are ignored. 

    Take a look at this example below from our website. As you can see, the navigation, headline and CTA get the most attention. If we weren’t seeing as many conversions as we liked and our CTAs were getting ignored, that might be a sign to change their colour or placement. 

    Screenshot of Matomo heatmap feature

    Session recordings capture the actions users take as they browse your website. They let you watch a video playback of how visitors behave, capturing clicks and scrolls so you can see each visitor’s steps in order. 

    Session recordings will show you how users navigate and where they drop off. 

    4. Analyse your forms

    Whether your forms are too confusing or too long, there are plenty of reasons for users to abandon your forms. 

    But how many forms are they abandoning exactly and which forms are there ?

    That’s what form analysis is for. 

    Running a form analysis will highlight which forms need work and reveal whether forms could be contributing to a page’s poor conversion rate. It’s how Concrete CMS tripled its leads in just a few days.

    Matomo’s Form Analytics feature makes running form analysis easy.

    A screenshot of Matomo's form analysis dashboard

    Just open up the forms dashboard to get a snapshot of your forms’ key metrics, including average hesitation time, starter rate and submission rates. 

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    5. Analyse your conversion funnel

    Next, analyse the conversion funnel to see if there’s an obvious bottleneck or several pages where visitors abandon your desired action. Common conversion abandonment points are shopping carts and forms.

    A website conversion funnel

    For example, you could find there is a drop-off in conversions between checking out and making a purchase or between booking a demo and signing up for a subscription. Understanding where these drop-offs occur lets you dig deeper and make targeted improvements.

    Don’t worry if you’ve got a very long funnel. Start at the bottom and work backward. Problems with the pages at the very end of your funnel tasked with converting customers (landing pages, checkout pages, etc.) will have the biggest impact on your conversion rate. So, it makes sense to start there. 

    6. Analyse campaigns and traffic sources (marketing attribution)

    It’s now time to analyse traffic quality to ensure you’re powering your conversion optimisation efforts with the best traffic possible. 

    This can also help you find your best customers so you can focus on acquiring more of them and tailoring your optimisation efforts to their preferences. 

    Run a marketing attribution report to see which traffic sources generate the most conversions and have the highest conversion rates. 

    Matomo comparing linear, first click, and last click attribution models in the marketing attribution dashboard

    Using marketing attribution is crucial here because it gives a fuller picture of how customers move through their journey, recognising the impact of various touchpoints in making a decision, unlike last-click attribution, which only credits the final touchpoint before a conversion.

    7. Use surveys and other qualitative data sources

    Increase the amount of qualitative data you have access to by speaking directly to customers. Surveys, interviews and other user feedback methods add depth and context to your user behaviour research.

    Sure, you aren’t getting feedback from hundreds of customers like you do with heatmaps or session recordings, but the information can sometimes be much richer. Users will often tell you outright why they didn’t take a specific action in a survey response (or what convinced them to convert). 

    Running surveys is now even easier in Matomo, thanks to the Matomo Surveys third-party plugin. This lets you add a customisable survey popup to your site, the data from which is automatically added to Matomo and can be combined with Matomo segments.

    8. Develop a conversion hypothesis

    Using all of the insights you’ve gathered up to this point, you can now hypothesise what’s wrong and how you can fix it. 

    Here’s a template you can use :

    Conversion Hypothesis Template

    This could end up looking something like the following :

    Based on evidence gathered from web analytics and heatmaps, moving our signup form above the fold will fix our lack of free trial signups, improving signups by 50%.

    A hypothesis recorded in Matomo

    Make sure you write your hypothesis down somewhere. Matomo lets you document your hypothesis when creating an A/B test, so it’s easy to reflect on when the test finishes. 

    9. Run A/B tests

    Now, it’s time to put your theory into practice by running an A/B test.

    Create an experiment using a platform like Matomo that creates two different versions of your page : the original and one with the change you mentioned in your hypothesis. 

    There’s no set time for you to run an A/B test. Just keep running it until the outcome is statistically significant. This is something your A/B testing platform should do automatically. 

    A statistically significant result means it would be very unlikely the outcome doesn’t happen in the long term.

    A screenshot of an A/B test

    As you can see in the image above, the wide header variation has significantly outperformed both the original and the other variation. So we can be pretty confident about making the change permanent. 

    If the outcome of your A/B test also validates your conversion hypothesis, you can implement the change. If not, analyse the data, brainstorm another hypothesis and run another A/B test. 

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    10. Monitor and iterate

    You need to develop a culture of continuous improvement to succeed with conversion rate optimisation. That means constantly monitoring your conversion goals and running tests to improve your metrics. 

    While you don’t need to run a conversion audit every month, you should run audits regularly throughout the year.

    How often should you conduct a CRO audit ? 

    You should conduct a CRO audit fairly regularly. 

    We recommend creating a CRO schedule that sees you run a CRO audit every six to 12 months. That will ensure you continue identifying problem pages and keeping your conversion rates competitive. 

    Regular CRO audits will also account for evolving consumer behaviours, changes in your industry and your own business goals, all of which can impact your approach conversion rate optimisation. 

    Run your CRO audit with Matomo

    A CRO audit process is the only way you can identify conversion optimisation methods that will work for your site and your target audience. It’s a methodical, data-backed strategy for making targeted improvements to send conversion rates soaring. 

    There are a lot of steps to complete, but you don’t need dozens of tools to run a CRO audit process. 

    Just one : Matomo.

    Unlike other web analytics platforms, like Google Analytics, Matomo has the built-in tools and plugins to help with every step of the CRO audit process, from web analytics to conversion funnel analysis and A/B testing. With its accurate, unsampled data and privacy-friendly tracking, Matomo is the ideal choice for optimising conversions. 

    Learn how to increase your conversions with Matomo, and start a free 21-day trial today. No credit card required.

  • Top 4 CRO Tools to Boost Your Conversion Rates in 2024

    31 octobre 2023, par Erin

    Are you tired of watching potential customers leave your website without converting ? You’ve spent countless hours creating an engaging website, but those high bounce rates keep haunting you.

    The good news ? The solution lies in the transformative power of Conversion Rate Optimisation (CRO) tools. In this guide, we’ll dive deep into the world of CRO tools. We will equip you with strategies to turn those bounces into conversions.

    Why are conversion rate optimisation tools so crucial ?

    CRO tools can be assets in digital marketing, playing a pivotal role in enhancing online businesses’ performance. CRO tools empower businesses to improve website conversion rates by analysing user behaviour. You can then leverage this user data to optimise web elements.

    Improving website conversion rates is paramount because it increases revenue and customer satisfaction. A study by VentureBeat revealed an average return on investment (ROI) of 223% thanks to CRO tools.

    173 marketers out of the surveyed group reported returns exceeding 1,000%. Both of these data points highlight the impact CRO tools can have.

    Toolbox with a "CRO" label full of various tools

    Coupled with CRO tools, certain testing tools and web analytics tools play a crucial role. They offer insight into user behaviour patterns, enabling businesses to choose effective strategies. By understanding what resonates with users, these tools help inform data-driven decisions. This allows businesses to refine online strategies and enhance the customer experience.

    CRO tools enhance user experiences and ensure business sustainability. Integrating these tools is crucial for staying ahead. CRO and web analytics work together to optimise digital presence. 

    Real-world examples of CRO tools in action

    In this section, we’ll explore real case studies showcasing CRO tools in action. See how businesses enhance conversion rates, user experiences, and online performance. These studies reveal the practical impact of data-driven decisions and user-focused strategies.

    A computer with A and B on both sides and a magnifying glass hovering over the keyboard

    Case study : How Matomo’s Form Analytics helped Concrete CMS 3x leads

    Concrete CMS, is a content management system provider that helps users build and manage websites. They used Matomo’s Form Analytics to uncover that users were getting stuck at the address input stage of the onboarding process. Using these insights to make adjustments to their onboarding form, Concrete CMS was able to achieve 3 times the amount of leads in just a few days.

    Read the full Concrete CMS case study.

    Best analytics tools for enhancing conversion rate optimisation in 2023

    Jump to the comparison table to see an overview of each tool.

    1. Matomo

    Matomo main dashboard

    Matomo stands out as an all-encompassing tool that seamlessly combines traditional web analytics features (like pageviews and bounce rates) with advanced behavioural analytics capabilities, providing a full spectrum of insights for effective CRO.

    Key features

    • Heatmaps and Session Recordings :
      These features empower businesses to see their websites through the eyes of their visitors. By visually mapping user engagement and observing individual sessions, businesses can make informed decisions, enhance user experience and ultimately increase conversions. These tools are invaluable assets for businesses aiming to create user-friendly websites.
    • Form Analytics :
      Matomo’s Form Analytics offers comprehensive tracking of user interactions within forms. This includes covering input fields, dropdowns, buttons and submissions. Businesses can create custom conversion funnels and pinpoint form abandonment reasons. 
    • Users Flow :
      Matomo’s Users Flow feature tracks visitor paths, drop-offs and successful routes, helping businesses optimise their websites. This insight informs decisions, enhances user experience, and boosts conversion rates.
    • Surveys plugin :
      The Matomo Surveys plugin allows businesses to gather direct feedback from users. This feature enhances understanding by capturing user opinions, adding another layer to the analytical depth Matomo offers.
    • A/B testing :
      The platform allows you to conduct A/B tests to compare different versions of web pages. This helps determine which performs better in conversions. By conducting experiments and analysing the results within Matomo, businesses can iteratively refine their content and design elements.
    • Funnels :
      Matomo’s Funnels feature empower businesses to visualise, analyse and optimise their conversion paths. By identifying drop-off points, tailoring user experiences and conducting A/B tests within the funnel, businesses can make data-driven decisions that significantly boost conversions and enhance the overall user journey on their websites.

    Pros

    • Starting at $19 per month, Matomo is an affordable CRO solution.
    • Matomo guarantees accurate data, eliminating the need to fill gaps with artificial intelligence (AI) or machine learning. 
    • Matomo’s open-source framework ensures enhanced security, privacy, customisation, community support and long-term reliability. 

    Cons

    • The On-Premise (self-hosted) version is free, with additional charges for advanced features.
    • Managing Matomo On-Premise requires servers and technical know-how.

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    2. Google Analytics

    Traffic tracking chart and life cycle

    Google Analytics provides businesses and website owners valuable insights into their online audience. It tracks website traffic, user interactions and analyses conversion data to enhance the user experience.

    While Google Analytics may not provide the extensive CRO-specific features found in other tools on this list, it can still serve as a valuable resource for basic analysis and optimisation of conversion rates.

    Key features

    • Comprehensive Data Tracking :
      Google Analytics meticulously tracks website traffic, user behaviour and conversion rates. These insights form the foundation for CRO efforts. Businesses can identify patterns, user bottlenecks and high-performing areas.
    • Real-Time Reporting :
      Access to real-time data is invaluable for CRO efforts. Monitor current website activity, user interactions, and campaign performance as they unfold. This immediate feedback empowers businesses to make instant adjustments, optimising web elements and content for maximum conversions.
    • User flow analysis
      Visualise and understand how visitors navigate through your website. It provides insights into the paths users take as they move from one page to another, helping you identify the most common routes and potential drop-off points in the user journey.
    • Event-based tracking :
      GA4’s event-based reporting offers greater flexibility and accuracy in data collection. By tracking various interactions, including video views and checkout processes, businesses can gather more precise insights into user behaviour. 
    • Funnels :
      GA4 offers multistep funnels, path analysis, custom metrics that integrate with audience segments. These user behaviour insights help businesses to tailor their websites, marketing campaigns and user experiences.

    Pros

    • Flexible audience management across products, regions or brands allow businesses to analyse data from multiple source properties. 
    • Google Analytics integrates with other Google services and third-party platforms. This enables a comprehensive view of online activities.
    • Free to use, although enterprises may need to switch to the paid version to accommodate higher data volumes.

    Cons

    • Google Analytics raises privacy concerns, primarily due to its tracking capabilities and the extensive data it collects.
    • Limitations imposed by thresholding can significantly hinder efforts to enhance user experience and boost conversions effectively.
    • Property and sampling limits exist. This creates problems when you’re dealing with extensive datasets or high-traffic websites. 
    • The interface is difficult to navigate and configure, resulting in a steep learning curve.

    3. Contentsquare

    Pie chart with landing page journey data

    Contentsquare is a web analytics and CRO platform. It stands out for its in-depth behavioural analytics. Contentsquare offers detailed data on how users interact with websites and mobile applications.

    Key features

    • Heatmaps and Session Replays :
      Users can visualise website interactions through heatmaps, highlighting popular areas and drop-offs. Session replay features enable the playback of user sessions. These provide in-depth insights into individual user experiences.
    • Conversion Funnel Analysis :
      Contentsquare tracks users through conversion funnels, identifying where users drop off during conversion. This helps in optimising the user journey and increasing conversion rates.
    • Segmentation and Personalisation :
      Businesses can segment their audience based on various criteria. Segments help create personalised experiences, tailoring content and offers to specific user groups.
    • Integration Capabilities :
      Contentsquare integrates with various third-party tools and platforms, enhancing its functionality and allowing businesses to leverage their existing tech stack.

    Pros

    • Comprehensive support and resources.
    • User-friendly interface.
    • Personalisation capabilities.

    Cons

    • High price point.
    • Steep learning curve.

    4. Hotjar

    Pricing page heatmap data

    Hotjar is a robust tool designed to unravel user behaviour intricacies. With its array of features including visual heatmaps, session recordings and surveys, it goes beyond just identifying popular areas and drop-offs.

    Hotjar provides direct feedback and offers an intuitive interface, enabling seamless experience optimisation.

    Key features

    • Heatmaps :
      Hotjar provides visual heatmaps that display user interactions on your website. Heatmaps show where users click, scroll, and how far they read. This feature helps identify popular areas and points of abandonment.
    • Session Recordings :
      Hotjar allows you to record user sessions and watch real interactions on your site. This insight is invaluable for understanding user behaviour and identifying usability issues.
    • Surveys and Feedback :
      Hotjar offers on-site surveys and feedback forms that can get triggered based on user behaviour. These tools help collect qualitative data from real users, providing valuable insights.
    • Recruitment Tool :
      Hotjar’s recruitment tool lets you recruit participants from your website for user testing. This feature streamlines the process of finding participants for usability studies.
    • Funnel and Form Analysis :
      Hotjar enables the tracking of user journeys through funnels. It provides insights into where users drop off during the conversion process. It also offers form analysis to optimise form completion rates.
    • User Polls :
      You can create customisable polls to engage with visitors. Gather specific feedback on your website, products, or services.

    Pros

    • Starting at $32 per month, Hotjar is a cost-effective solution for most businesses. 
    • Hotjar provides a user-friendly interface that is easy for the majority of users to pick up quickly.

    Cons

    • Does not provide traditional web analytics and requires combining with another tool, potentially creating a less streamlined and cohesive user experience, which can complicate conversion rate optimization efforts.
    • Hotjar’s limited integrations can hinder its ability to seamlessly work with other essential tools and platforms, potentially further complicating CRO.

    Comparison Table

    Please note : We aim to keep this table accurate and up to date. However, if you see any inaccuracies or outdated information, please email us at marketing@matomo.org

    To make comparing these tools even easier, we’ve put together a table for you to compare features and price points :

    A comparison chart comparing the CRO/web analytics features and price points of Matomo, Google Analytics, ContentSquare, and HotJar

    Conclusion

    CRO tools and web analytics are essential for online success. Businesses thrive by investing wisely, understanding user behaviour and using targeted strategies. The key : generate traffic and convert it into leads and customers. The right tools and strategies lead to remarkable conversions and online success. Each click, each interaction, becomes an opportunity to create an engaging user journey. This careful orchestration of data and insight separates thriving businesses from the rest.

    Are you ready to embark on a journey toward improved conversions and enhanced user experiences ? Matomo offers analytics solutions meticulously designed to complement your CRO strategy. Take the next step in your CRO journey. Start your 21-day free trial today—no credit card required.

  • How to Measure Marketing Effectiveness : A Step-by-Step Guide

    22 février 2024, par Erin

    Are you struggling to prove that your marketing efforts are having a measurable impact on your company’s performance ? We get it. 

    You would think that digital marketing would make it easier to track the effectiveness of your marketing efforts. But in many ways, it’s harder than ever. With so many channels and strategies competing against each other, it can feel impossible to pin down the campaign that caused a conversion. 

    That leaves you in a tricky spot as a marketing manager. It can be hard to know which campaigns to persevere with and harder still to prove your worth to stakeholders. 

    Thankfully, there are several strategies you can use to measure the success of your campaigns and put a value on your efforts. So, if you want to learn how you can measure the effectiveness of your marketing, improve the ROI of your efforts and prove your value as an employee, read on. 

    What is marketing effectiveness ?

    Marketing effectiveness measures how successful a marketing strategy or campaign is and the extent to which it achieves goals and business objectives.

    What Is Marketing Effectiveness

    It’s a growing concern for brands, with research showing that 61.2% say measuring marketing effectiveness has become a more prominent factor in decision-making over the last three years. In other words, it’s becoming critical for marketers to know how to measure their effectiveness. 

    But it’s getting harder to do so. A combination of factors, including channel fragmentation, increasingly convoluted customer journeys, and the deprecation of third-party cookies, makes it hard for marketing teams to measure marketing performance. 

    Why you need to measure marketing effectiveness

    Imagine ploughing thousands of dollars into a campaign and not being confident that your efforts bore fruit. It’s unthinkable, right ? If you care about optimising campaigns and improving your worth as a marketer, measuring marketing effectiveness is necessary. 

    Why you need to measure marketing effectiveness

    Optimise marketing campaigns

    Do you know how effectively each campaign generates conversions and drives revenue ? No ? Then, you need to measure marketing effectiveness.

    Doing so could also shine a light on ways to improve your campaigns. One paid ad campaign may suffer from a poor return on ad spend caused by high CPCs. Targeting less competitive keywords could dramatically reduce your costs. 

    Improve ROI

    Today, marketing budgets make up almost 10% of a company’s total revenue, up from 6.4% in 2021. With so much revenue at stake, you’ve got to deliver a return on that investment. 

    Measuring marketing effectiveness can help you identify the campaigns or strategies delivering the highest ROI so you can invest more heavily into them. On the other side of the same coin, you can use the data to strike off any campaigns that aren’t pulling their weight — increasing your ROI even further. 

    Demonstrate value

    Let’s get selfish for a second. Whether you’re an in-house marketing manager or work for an agency, the security of your paycheck depends on your ability to deliver high-ROI campaigns. 

    Measuring your marketing effectiveness lets you showcase your value to your company and clients. It helps you build stronger relationships that can lead to bigger and better opportunities in the future. 

    We should take this opportunity to point out that a good tool for measuring marketing effectiveness is equally important. You probably think Google Analytics will do the job, right ? But when you start implementing the strategies we discuss below, there’s a good chance you’ll have data quality issues. 

    That was the case for full-service marketing agency MHP/Team SI, which found Google Analytics’ data sampling severely limited the quantity and quality of insights they could collect. It was only by switching to Matomo, a platform that doesn’t use data sampling, that the agency could deliver the insights its clients needed to grow. 

    Further reading :

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    How to measure marketing effectiveness

    Measuring marketing effectiveness is not always easy, especially if you have long buying cycles and a lack of good-quality data. Make things as easy as possible by following the steps below :

    Know what success looks like

    You can’t tell whether your campaigns are effective if you don’t know what you are trying to achieve. That’s why the first step in measuring marketing effectiveness is to set a clear goal. 

    So, ask yourself what success looks like for each campaign you launch. 

    Remember, a campaign doesn’t have to drive leads to be considered effective. If all you wanted to do was raise brand awareness or increase organic traffic, you could achieve both goals without recording a single conversion. 

    We’d wager that’s probably not true for most marketing managers. It’s much more likely you want to achieve something like the following :

    • Generating 100 new customers
    • Increasing revenue by 20%
    • Selling $5,000 of your new product line
    • Reducing customer churn by 50%
    • Achieving a return on ad spend of 150%

    Conventional goal-setting wisdom applies here. So, ensure your goals are measurable, timely, relevant and achievable. 

    Track conversions

    Setting up conversion tracking in your web analytics platform is vital to measuring marketing effectiveness accurately. 

    What you count as a conversion event will depend on the goals you’ve set above. It doesn’t have to be a sale, mind you. Downloading an ebook or signing up for a webinar are worthy conversion goals, especially if you know they increase the chances of a customer converting. 

    A screenshot of the Matomo goals dashboard

    Whichever platform you choose, ensure it can meet your current and future needs. This is one of the reasons open-source content management system Concrete CMS opted for Matomo when choosing a new website analytics platform. The flexibility of the Matomo platform gave Concrete CMS the adaptability it needed for future growth. 

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    Decide on an attribution model

    Marketing attribution is a way of measuring the impact of different channels and touchpoints across the customer journey. If you can assign a value to each conversion, you can use a marketing attribution model to quantify the value of your channels and campaigns.

    While most web analytics platforms simply credit the last touchpoint, marketing attribution offers a more comprehensive view by considering all interactions along the customer journey. This distinction is important because relying solely on the last touchpoint can lead to skewed insights and misallocation of resources and budget. 

    By adopting a marketing attribution approach, you can make more informed decisions, optimizing your campaigns and maximizing your return on investment.

    Pros and cons of different marketing attribution models.

    There are several different attribution models you can use to give credit to your various campaigns. These include :

    • First interaction : Gives all the credit to the first channel in the customer journey.
    • Last interaction : Gives all the credit to the last channel in the customer journey.
    • Last non-direct attribution : Gives all credit to the final touchpoint in the customer journey, except for direct interactions. In those cases, credit is given to the touchpoint just before the direct one.
    • Linear attribution : Distributes credit equally across all touchpoints.
    • Position-based attribution : Attributes 40% credit to the first and last touchpoints and distributes the remaining 20% evenly across all other touchpoints. 

    Consider carefully which attribution model to use, as this can significantly impact your marketing effectiveness calculation by giving certain campaigns too much credit.

    Try Matomo for Free

    Get the web insights you need, without compromising data accuracy.

    No credit card required

    Analyse KPIs

    Tracking KPIs is essential if you want to quantify the impact of your marketing campaigns. But which metrics should you track ?

    To improve brand awareness or traffic, so-called vanity metrics like sessions, returning visitors, and organic traffic may suffice as KPIs. 

    However, that’s not going to be the case for most marketers, whose performance is tied to revenue and ROI. If that’s you, put vanity metrics to one side and focus on the following conversion metrics instead :

    • Conversion rate : the percentage of users who complete a desired action. 
    • Return on ad spend : the revenue earned for every dollar spent on a campaign.
    • Return on investment : a broader calculation than ROAS, typically calculated across all your marketing efforts. 
    • Customer lifetime value : the total amount a customer will spend throughout their relationship with your company.
    • Customer acquisition cost : the cost to acquire each customer on average.
    A screenshot of a conversion report in Matomo

    Your analytics platform and advertising tools should track most of these KPIs by default. Matomo, for instance, automatically calculates your conversion rate in the Goals report

    How to present your marketing effectiveness

    Calculating your marketing effectiveness is one thing, but it’s important to share this information with stakeholders — whether those are executives in your company or your agency’s clients. 

    Follow the steps below to create an insightful and compelling marketing report :

    • Set the scene. There’s no guarantee that the people reading your report will know your goals. So, add context at the start of the reporting by spelling out what you are trying to achieve and why. 
    • Select the right data. You don’t want to overwhelm the reader with facts and figures, but you do need to provide hard evidence of your success. Include the KPIs you used to measure your success and show how these have changed over time. You can also support your report with audience insights such as heatmaps or customer surveys.
    • Tell a story with your presentation. Give your presentation a narrative arc with a beginning, middle, and end. Start with what you want to achieve, describe how you plan to achieve it and end with the results. Support your story with graphs and other visual aids that hold your reader’s attention. 
    • Provide a concise summary. Not everyone will read your presentation cover to cover. With that in mind, provide a summary of your report at the start or end that shows what you achieved and quantifies your marketing effectiveness. 

    How to improve marketing effectiveness

    Don’t settle for simply measuring your marketing effectiveness. Use the following strategies to make future campaigns as effective as possible. 

    Understand customer behaviour

    More effective marketing campaigns start by deeply understanding your customers, who they are, and how they behave. This allows you to take an audience-first approach to your marketing efforts and design campaigns around the unique needs of your customers. 

    Gather as much first-party data as you can. Surveys, focus groups, and other market research techniques can help you learn more about who your customers are, but don’t disregard the quantitative data you can gather from your web analytics platform. 

    Using Heatmaps, Session Recordings and behavioural analytics tools, you can learn exactly how customers behave when they land on your site, where they focus their attention and which pages they look at first. 

    Screenshot of Matomo heatmap feature

    These insights can help you turn an average campaign into an exceptional one. For example, a heatmap may highlight the need to move CTA buttons above the fold to increase conversions. A session recording could pinpoint the problems users have when filling out your website’s forms. 

    Further reading :

    Optimise landing pages

    Developing a culture of testing and experimentation is a great way to improve your marketing effectiveness. Let’s dive into A/B testing.

    By tweaking various elements of your landing pages, you can squeeze every last conversion from your campaigns.

    A screenshot of a Matomo A/B test campaign

    We have a guide on conversion funnel optimisation, which we recommend you check out, but I’ll briefly list some of the optimisations you could test :

    • Making your CTAs actionable and compelling
    • Integrating images and videos
    • Adding testimonials and other forms of social proof
    • Reducing form fields

    Use a different attribution model

    It might be that some campaigns, strategies or traffic sources aren’t getting the love they deserve. By changing your attribution model, you can significantly change the perceived effectiveness of certain campaigns. 

    Let’s say you use a last-touch attribution model, for instance. Only the last channel customers will get credit for each conversion, meaning top-of-the-funnel campaigns like SEO may be deemed less effective than they are. 

    It’s why you must continually test, tweak and validate your chosen model — and why changing it can be so powerful. 

    Measure your marketing effectiveness with Matomo

    Measuring your marketing effectiveness is hard work. But it’s vital to optimise campaigns, improve your ROI and demonstrate your value. 

    The good news is that Matomo makes things a lot easier thanks to its comprehensive conversion tracking, attribution modelling capabilities and behavioural insight features like Heatmaps, A/B Testing and Session Recordings. 

    Take steps today to start measuring (and improving) the effectiveness of your marketing with our 21-day free trial. No credit card required.