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• 7 Ecommerce Metrics to Track and Improve in 2024

  12 avril 2024, par Erin

  You can invest hours into market research, create the best ads you’ve ever seen and fine-tune your budgets. But the only way to really know if your digital marketing campaigns move the needle is to track ecommerce metrics.

  It’s time to put your hopes and gut feelings aside and focus on the data. Ecommerce metrics are key performance indicators that can tell you a lot about the performance of a single campaign, a traffic source or your entire marketing efforts. 

  That’s why it’s essential to understand what ecommerce metrics are, key metrics to track and how to improve them. 

  Ready to do all of the above ? Then, let’s get started.

  What are ecommerce metrics ? 

  An ecommerce metric is any metric that helps you understand the effectiveness of your digital marketing efforts and the extent to which users are taking a desired action. Most ecommerce metrics focus on conversions, which could be anything from making a purchase to subscribing to your email list.

  You need to track ecommerce metrics to understand how well your marketing efforts are working. They are essential to helping you run a cost-effective marketing campaign that delivers a return on investment. 

  For example, tracking ecommerce metrics will help you identify whether your digital marketing campaigns are generating a return on investment or whether they are actually losing money. They also help you identify your most effective campaigns and traffic sources. 

  Ecommerce metrics also help you spot opportunities for improvement both in terms of your marketing campaigns and your site’s UX. 

  For instance, you can use ecommerce metrics to track the impact on revenue of A/B tests on your marketing campaigns. Or you can use them to understand how users interact with your website and what, if anything, you can do to make it more engaging.

  What’s the difference between conversion rate and conversion value ?

  The difference between a conversion rate and a conversion value is that the former is a percentage while the latter is a monetary value. 

  There can be confusion between the terms conversion rate and conversion value. Since conversions are core metrics in ecommerce, it’s worth taking a minute to clarify. 

  Conversion rates measure the percentage of people who take a desired action on your website compared to the total number of visitors. If you have 100 visitors and one of them converts, then your conversion rate is 1%. 

  Here’s the formula for calculating your conversion rate :

  Conversion Rate (%) = (Number of conversions / Total number of visitors) × 100

  

  Using the example above :

  Conversion Rate = (1 / 100) × 100 = 1%

  Conversion value is a monetary amount you assign to each conversion. In some cases, this is the price of the product a user purchases. In other conversion events, such as signing up for a free trial, you may wish to assign a hypothetical conversion value. 

  To calculate a hypothetical conversion value, let’s consider that you have estimated the average revenue generated from a paying customer is $300. If the conversion rate from free trial to paying customer is 20%, then the hypothetical conversion value for each free trial signup would be $300 multiplied by 20%, which equals $60. This takes into account the number of free trial users who eventually become paying customers.

  So the formula for hypothetical conversion value looks like this :

  

  Hypothetical conversion value = (Average revenue per paying customer) × (Conversion rate)

  Using the values from our example :

  Hypothetical conversion value = $300 × 20% = $60

  The most important ecommerce metrics and how to track them

  There are dozens of ecommerce metrics you could track, but here are seven of the most important. 

  Conversion rate

  Conversion rate is the percentage of visitors who take a desired action. It is arguably one of the most important ecommerce metrics and a great top-level indicator of the success of your marketing efforts. 

  You can measure the conversion rate of anything, including newsletter signups, ebook downloads, and product purchases, using the following formula :

  

  Conversion rate = (Number of people who took action / Total number of visitors) × 100

  You usually won’t have to manually calculate your conversion rate, though. Almost every web analytics or ad platform will track the conversion rate automatically.

  Matomo, for instance, automatically tracks any conversion you set in the Goals report.

  

  As you can see in the screenshot, your site’s conversions are plotted over a period of time and the conversion rate is tracked below the graph. You can change the time period to see how your conversion rate fluctuates.

  If you want to go even further, track your new visitor conversion rate to see how engaging your site is to first-time visitors. 

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  Cost per acquisition

  Cost per acquisition (CPA) is the average cost of acquiring a new user. You can calculate your overall CPA or you can break CPA down by email campaign, traffic source, or any other criteria. 

  Calculate CPA by dividing your total marketing cost by the number of new users you acquire.

  

  CPA = Total marketing cost​ / Number of new users acquired 

  So if your Google Ads campaign costs €1,000 and you acquire 100 new users, your CPA is €10 (1000/100=10).

  It’s important to note that CPA is not the same as customer acquisition cost. Customer acquisition cost considers the number of paying customers. CPA looks at the number of users taking a certain action, like subscribing to a newsletter, making a purchase, or signing up for a free trial.

  Cost per acquisition is a direct measure of your marketing efforts’ effectiveness, especially when comparing CPA to average customer spend and return on ad spend. 

  If your CPA is higher than the average customer spend, your marketing campaign is profitable. If not, then you can look at ways to either increase customer spend or decrease your cost per acquisition.

  Customer lifetime value

  Customer lifetime value (CLV) is the average amount of money a customer will spend with your ecommerce brand over their lifetime. 

  Customer value is the total worth of a customer to your brand based on their purchasing behaviour. To calculate it, multiply the average purchase value by the average number of purchases. For instance, if the average purchase value is €50 and customers make 5 purchases on average, the customer value would be €250.

  Use this formula to calculate customer value :

  

  Customer value = Average purchase value × Average number of purchases

  Then you can calculate customer lifetime value using the following formula :

  

  CLV = Customer value × Average customer lifespan

  In another example, let’s say you have a software company and customers pay you €500 per year for an annual subscription. If the average customer lifespan is 5 years, then the Customer Lifetime Value (CLV) would be €2,500.

  Customer lifetime value = €500 × 5 = €2,500

  Knowing how much potential customers are likely to spend helps you set accurate marketing budgets and optimise the price of your products. 

  Return on investment

  Return on investment (ROI) is the amount of revenue your marketing efforts generate compared to total spend. 

  It’s usually calculated as a percentage using the following formula :

  

  ROI = (Revenue / Total spend) × 100

  If you spend €1,000 on a paid ad campaign and your efforts bring in €5,000, then your ROI is 500% (5,000/1,000 × 100).

  With a web analytics tool like Matomo, you can quickly see the revenue generated from each traffic source and you can drill down further to compare different social media channels, search engines, referral websites and campaigns to get more granular view. 

  

  In the example above in Matomo’s Marketing Attribution feature, we can see that social networks are generating the highest amount of revenue in the year. To calculate ROI, we would need to compare the amount of investment to each channel. 

  Let’s say we invested $1,000 per year in search engine optimisation and content marketing, the return on investment (ROI) stands at approximately 2576%, based on a revenue of $26,763.48 per year. 

  Conversely, for organic social media campaigns, where $5,000 was invested and revenue amounted to $71,180.22 per year, the ROI is approximately 1323%. 

  Despite differences in revenue generation, both channels exhibit significant returns on investment, with SEO and content marketing demonstrating a much higher ROI compared to organic social media campaigns. 

  With that in mind, we might want to consider shifting our marketing budget to focus more on search engine optimisation and content marketing as it’s a greater return on investment.

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  Return on ad spend

  Return on ad spend (ROAS) is similar to return on investment, but it measures the profitability of a specific ad or campaign.

  Calculate ROAS using the following formula :

  

  ROAS = Revenue / Ad cost 

  A positive ROAS means you are making money. If you generate €3 for every €1 you spend on advertising, for example, there’s no reason to turn off that campaign. If you only make €1 for every €2 you spend, however, then you need to shut down the campaign or optimise it. 

  Bounce rate

  Bounce rate is the percentage of visitors who leave your site without taking another action. Calculate it using the following formula :

  

  Bounce rate = (Number of visitors who bounce / Total number of visitors) × 100

  Some portion of users will always leave your site immediately, but you should aim to make your bounce rate as low as possible. After all, every customer that bounces is a missed opportunity that you may never get again. 

  You can check the bounce rate for each one of your site’s pages using Matomo’s page analytics report. Web analytics tools like Google Analytics can track bounce rates for online stores also. 

  

  Bounce rate is calculated automatically. You can sort the list of pages by bounce rate allowing you to prioritise your optimisation efforts. 

  Don’t stop there, though. Explore bounce rate further by comparing your mobile bounce rate vs. desktop bounce rate by segmenting your traffic. This will highlight whether your mobile site needs improving. 

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  Click-through rate

  Your clickthrough rate (CTR) tells you the number of people who click on your ads as a percentage of total impressions. You can calculate it by dividing the number of clicks your ad gets by the total number of times people see it. 

  So the formula looks like this :

  

  CTR (%) = (Number of clicks / Total impressions​) × 100

  If an ad gets 1,000 impressions and 10 people click on it, then the CTR will be 10/1,000 × 100 = 1%

  You don’t usually need to calculate your clickthrough rate manually, however. Most ad platforms like Google Ads will automatically calculate CTR.

  What is considered a good ecommerce sales conversion rate ?

  This question is so broad it’s almost impossible to answer. The thing is, sales conversion rates vary massively depending on the conversion event and the industry. A good conversion rate in one industry might be terrible in another. 

  That being said, research shows that the average website conversion rate across all industries is 2.35%. Of course, some websites convert much better than this. The same study found that the top 25% of websites across all industries have a conversion rate of 5.31% or higher. 

  How can you improve your conversion rate ?

  Ecommerce metrics don’t just let you track your campaign’s ROI, they help you identify ways to improve your campaign. 

  Use these five tips to start improving your marketing campaign’s conversion rates today :

  Run A/B tests

  The most effective way to improve almost all of the ecommerce metrics you track is to test, test, and test again.

  A/B testing or multivariate testing compares two different versions of the same content, such as a landing page or blog post. Seeing which version performs better can help you squeeze as many conversions as possible from your website and ad campaigns. But only if you test as many things as possible. This should include :

  • Ad placement
  • Ad copy
  • CTAs
  • Headlines
  • Straplines
  • Colours
  • Design

  To create and analyse tests and their results effectively, you’ll need either an A/B testing platform or a web analytics solution like Matomo, which offers one out of the box.

  

  Matomo’s A/B Testing feature makes it easy to create and track tests over time, breaking down each test’s variations by the metrics that matter. It automatically calculates statistical significance, too, meaning you can be sure you’re making a change for the better. 

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

• GA360 Sunset : Is Now the Time to Switch ?

  20 mai 2024, par Erin

  Google pushed the sunset date of Universal Analytics 360 to July 2024, giving enterprise users more time to transition to Google Analytics 4. This extension is also seen by some as time to find a suitable alternative. 

  While Google positions GA4 as an upgrade to Universal Analytics, the new platform has faced its fair share of backlash. 

  So before you rush to meet the new sunset deadline, ask yourself this question : Is now the time to switch to a Google Analytics alternative ?

  In this article, we’ll explain what the new GA360 sunset date means and show you what you could gain by choosing a privacy-friendly alternative. 

  What’s happening with the final GA360 sunset ?

  Google has given Universal Analytics 360 properties with a current 360 licence a one-time extension, which will end on 1 July 2024.

  Why did Google extend the sunset ?

  In a blog post on Google, Russell Ketchum, Director of Product Management at Google Analytics, provided more details about the final GA360 sunset. 

  In short, the tech giant realised it would take large enterprise accounts (which typically have complex analytics setups) much longer to transition smoothly. The extension gives them time to migrate to GA4 and check everything is tracking correctly. 

  What’s more, Google is also focused on improving the GA4 experience before more GA360 users migrate :

  “We’re focusing our efforts and investments on Google Analytics 4 to deliver a solution built to adapt to a changing ecosystem. Because of this, throughout 2023 we’ll be shifting support away from Universal Analytics 360 and will move our full focus to Google Analytics 4 in 2024. As a result, performance will likely degrade in Universal Analytics 360 until the new sunset date.”

  Despite the extension, the July sunset is definitive. 

  Starting the week of 1 July 2024, you won’t be able to access any Universal Analytics properties or the API (not even with read-only access), and all data will be deleted.

  In other words, it’s not just data collection that will cease at the start of July. You won’t be able to access the platform, and all your data will be deleted. 

  What GA360 features is Google deprecating, and when ?

  If you’re wondering which GA360 features are being deprecated and when, here is the timeline for Google’s final GA360 sunset :

  • 1 January 2024 : From the beginning of the year, Google doesn’t guarantee all features and functionalities in UA 360 will continue to work as expected. 
  • 29 January 2024 : Google began deprecating a string of advertising and measurement features as it shifts resources to focus on GA4. These features include :
    • Realtime reports
    • Lifetime Value report
    • Model Explorer
    • Cohort Analysis
    • Conversion Probability report
    • GDN Impression Beta
  • Early March 2024 : Google began deprecating more advertising and measurement features. Deprecated advertising features include Demographic and Interest reports, Publisher reporting, Phone Analytics, Event and Salesforce Data Import, and Realtime BigQuery Export. Deprecated measurement features include Universal Analytics property creation, App Views, Unsampled reports, Custom Tables and annotations.
  • Late March 2024 : This is the last recommended date for migration to GA4 to give users three months to validate data and settings. By this date, Google recommends that you migrate your UA’s Google Ads links to GA4, create new Google Ad conversions based on GA4 events, and add GA4 audiences to campaigns and ad groups for retargeting. 
  • 1 July 2024 : From 1 July 2024, you won’t be able to access any UA properties, and all data will be deleted.

  What’s different about GA4 360 ? 

  GA4 comes with a new set of metrics, setups and reports that change how you analyse your data. We highlight the key differences between Universal Analytics and GA4 below. 

  

  New dashboard

  The layout of GA4 is completely different from Universal Analytics, so much so that the UX can be very complex for first-time and experienced GA users alike. Reports or metrics that used to be available in a couple of clicks in UA now take five or more to find. While you can do more in theory with GA4, it takes much more work. 

  New measurements

  The biggest difference between GA4 and UA is how Google measures data. GA4 tracks events — and everything counts as an event. That includes pageviews, scrolls, clicks, file downloads and contact form submissions. 

  The idea is to anonymise data while letting you track complex buyer journeys across multiple devices. However, it can be very confusing, even for experienced marketers and analysts. 

  New metrics

  You won’t be able to track the same metrics in GA4 as in Universal Analytics. Rather than bounce rate, for example, you are forced to track engagement rate, which is the percentage of engaged sessions. These sessions last at least ten seconds, at least two pageviews or at least one conversion event. 

  Confused ? You’re not alone. 

  New reports

  Most reports you’ll be familiar with in Universal Analytics have been replaced in GA4. The new platform also has a completely different reporting interface, with every report grouped under the following five headings : realtime, audience, acquisition, behaviour and conversions. It can be hard for experienced marketers, let alone beginners, to find their way around these new reports. 

  AI insights

  GA4 has machine learning (ML) capabilities that allow you to generate AI insights from your data. Specifically, GA4 has predictive analytics features that let you track three trends : 

  • Purchase probability : the likelihood that a consumer will make a purchase in a given timeframe.
  • Churn probability : the likelihood a customer will churn in a given period.
  • Predictive revenue : the amount of revenue a user is likely to generate over a given period. 

  Google generates these insights using historical data and machine learning algorithms. 

  Cross-platform capabilities

  GA4 also offers cross-platform capabilities, meaning it can track user interactions across websites and mobile apps, giving businesses a holistic view of customer behaviour. This allows for better decision-making throughout the customer journey.

  Does GA4 360 come with other risks ?

  Aside from the poor usability, complexity and steep learning curve, upgrading your GA360 property to GA4 comes with several other risks.

  GA4 has a rocky relationship with privacy regulations, and while you can use it in a GDPR-compliant way at the moment, there’s no guarantee you’ll be able to do so in the future. 

  This presents the prospect of fines for non-compliance. A worse risk, however, is regulators forcing you to change web analytics platforms in the future—something that’s already happened in the EU. Migrating to a new application can be incredibly painful and time-consuming, especially when you can choose a privacy-friendly alternative that avoids the possibility of this scenario. 

  If all this wasn’t bad enough, switching to GA4 risks your historical Universal Analytics data. That’s because you can’t import Universal Analytics data into GA4, even if you migrate ahead of the sunset deadline.

  Why you should consider a GA4 360 alternative instead

  With the GA360 sunset on the horizon, what are your options if you don’t want to deal with GA4’s problems ? 

  The easiest solution is to migrate to a GA4 360 alternative instead. And there are plenty of reasons to migrate from Google Analytics to a privacy-friendly alternative like Matomo. 

  Keep historical data

  As we’ve explained, Google isn’t letting users import their Universal Analytics data from GA360 to GA4. The easiest way to keep it is by switching to a Google Analytics alternative like Matomo that lets you import your historical data. 

  Any business using Google Analytics, whether a GA360 user or otherwise, can import data into Matomo using our Google Analytics Importer plugin. It’s the best way to avoid disruption or losing data when moving on from Universal Analytics.

  Collect 100% accurate data

  Google Analytics implements data sampling and machine learning to fill gaps in your data and generate the kind of predictive insights we mentioned earlier. For standard GA4 users, data sampling starts at 10 million events. For GA4 360 users, data sampling starts at one billion events. Nevertheless, Google Analytics data may not accurately reflect your web traffic. 

  You can fix this using a Google Analytics alternative like Matomo that doesn’t use data sampling. That way, you can be confident that your data-driven decisions are being made with 100% accurate user data. 

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  Guarantee user privacy first

  Google has a stormy relationship with the EU-US Data Privacy Framework—being banned and added back to the framework in recent years.

  Currently, organisations governed by GDPR can use Google Analytics to collect data about EU residents, but there’s no guarantee of their ability to do so in the future. Nor does the Framework prevent Google from using EU customer data for ulterior purposes such as marketing and training large language models. 

  By switching to a privacy-focused alternative like Matomo, you don’t have to worry about your user’s data ending up in the wrong hands.

  Upgrade to an all-in-one analytics tool

  Switching from Google Analytics can actually give organisations access to more features. That’s because some GA4 alternatives, like Matomo, offer advanced conversion optimisation features like heatmaps, session recordings, A/B testing, form analytics and more right out of the box. 

  

  This makes Matomo a great choice for marketing teams that want to minimise their tech stack and use one tool for both web and behavioural analytics. 

  Get real-time reports

  GA4 isn’t the best tool for analysing website visitors in real time. That’s because it can take up to 4 hours to process new reports in GA360.

  However, Google Analytics alternatives like Matomo have a range of real-time reports you can leverage.

  

  In Matomo, the Real Time Visitor World Map and other reports are processed every 15 minutes. There is also a Visits in Real-time report, which refreshes every five seconds and shows a wealth of data for each visitor. 

  Matomo makes migration easy

  Whether it’s the poor usability, steep learning curve, inaccurate data or privacy issues, there’s every reason to think twice about migrating your UA360 account to GA4. 

  So why not migrate to a Google Analytics alternative like Matomo instead ? One that doesn’t sample data, guarantees your customers’ privacy, offers all the features GA4 doesn’t and is already used by over 1 million sites worldwide.

  Making the switch is easy. Matomo is one of the few web analytics tools that lets you import historical Google Analytics data. In doing so, you can continue to access your historical data and develop more meaningful insights by not having to start from scratch.

  If you’re ready to start a Google Analytics migration, you can try Matomo free for 21 days — no credit card required. 

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• 7 Mixpanel alternatives to consider for better web and product analytics

  1er août, par Joe

  Mixpanel is a web and mobile analytics platform that brings together product and marketing data so teams can see the impact of their actions and understand the customer journey. 

  It’s a well-rounded tool with features that help product teams understand how customers navigate their website or app. It’s also straightforward to set up, GDPR compliant, and easy for non-technical folks to use, thanks to an intuitive UI and drag-and-drop reports. 

  However, Mixpanel is just one of many product and web analytics platforms. Some are cheaper, others are more secure, and a few have more advanced or specialist features.

  This article will explore the leading Mixpanel alternatives for product teams and marketers. We’ll cover their key features, what users love about them, and why they may (or may not) be the right pick for you. 

  Mixpanel : an overview

  Let’s start by giving Mixpanel its dues. The platform does a great job of arming product teams with an arsenal of tools to track the impact of their updates, find ways to boost engagement and track which features users love. 

  Marketing teams use the platform to track customers through the sales funnel, attribute marketing campaigns and find ways to optimise spend. 

  There’s plenty to like about Mixpanel, including : 

  • Easy setup and maintenance : Mixpanel’s onboarding flow allows you to build a tracking plan and choose the specific events to measure. When Mixpanel collects data, you’ll see an introductory “starter board.” 
  • Generous free plan : Mixpanel doesn’t limit freemium users like some platforms. Collect data on 20 million monthly events, use pre-built templates and access its Slack community. There are also no limits on collaborators or integrations.
  • Extensive privacy configurations : Mixpanel provides strong consent management configurations. Clients can let their users opt out of tracking, disable geolocation and anonymise their data. It also automatically deletes user data after five years and offers an EU Data Residency Program that can help customers meet GDPR regulations. 
  • Comprehensive features : Mixpanel gives marketers and product teams the tools and features they need to understand the customer, improve the product and increase conversions. 
  • Easy-to-use UI : The platform prioritises self-service data, meaning users don’t need to be technically minded to use Mixpanel. Drag-and-drop dashboards democratise access to data and let anyone on your team find answers to their questions.

  You wouldn’t be reading this page if Mixpanel offered everything, though. No platform is perfect, and there are several reasons people may want to look for a Mixpanel alternative :
  

  • No self-hosted option : You’ll never have complete control over your data with Mixpanel due to the lack of a self-hosted option. Data will always live on Mixpanel’s servers, meaning compliance with data regulations like GDPR isn’t a given.
  • Lack of customisation : Mixpanel doesn’t offer much flexibility when it comes to visualising data. While the platform’s in-built reports are accessible to everyone, you’ll need a developer to build custom reports. 
  • Not open source : Mixpanel’s proprietary software doesn’t provide the transparency, security and community that comes with using open-source software like Matomo. Proprietary software isn’t inherently wrong, but it could mean your analytics solution isn’t future-proof. 
  • Steep learning curve : The learning curve can be steep unless you’re a developer. While setting up the software is straightforward, Mixpanel’s reliance on manual tracking means teams must spend a lot of time creating and structuring events to collect the data they need.

  If any of those struck a chord, see if one of the following seven Mixpanel alternatives might better fulfil your needs. 

  The top 7 Mixpanel alternatives

  Now, let’s look at the alternatives.

  We’ll explain exactly how each platform differs from Mixpanel, its standout features, strengths, common community critiques, and when it may be (or may not be) the right choice. 

  1. Matomo

  Matomo is a privacy-focused, open-source web and mobile analytics platform. As a proponent of an ethical web, Matomo prioritises data ownership and privacy protection. 

  It’s a great Mixpanel alternative for those who care about data privacy. You own 100% of your data and will always comply with data regulations like GDPR when using the platform. 

  

  Main dashboard with visits log, visits over time, visitor map, combined keywords, and traffic sources
  (Image Source)

  Matomo isn’t short on features, either. Product teams and marketers can evaluate the entire user journey, capture detailed visitor profiles, combine web, mobile and app reports, and use custom reporting to generate the specific insides they need.

  Key features :

  • Complete app and web analytics : Matomo tracks performance metrics and KPIs across web, app and mobile. Understand which pages users visit, how long they stay and how they move between devices.
  • Marketing attribution : Built-in marketing attribution capabilities make it easy for marketers to pinpoint their most profitable campaigns and channels. 
  • User behaviour tracking : Generate in-depth user behaviour data thanks to heatmaps, form analytics and session recordings.

  Strengths

  • On-premise and cloud versions : Use Matomo for free on your servers or subscribe to Matomo Cloud for hosting and additional support. Either way, you remain in control of your data.
  • Exceptional customer support : On-premise and Matomo Cloud users get free access to the forum. Cloud customers get dedicated support, which is available at an additional cost for on-premise customers. 
  • Consent-free tracking : Matomo doesn’t ruin the user’s experience with cookie banners. 
  • Open-source software : Matomo’s software is free to use, modify, and distribute. Users get a more secure, reliable and transparent solution thanks to the community of developers and contributors working on the project. Matomo will never become proprietary software, so there’s no risk of vendor lock-in. You will always have access to the source code, raw data and APIs. 

  Common community critiques :

  • On-premise setup : The on-premise version requires some technical knowledge and a server.
  • App tracking features : Some features, like heatmaps, available on web analytics aren’t available in-app analytics. Features may also differ between Android SDK and iOS SDK.

  Price : 

  Matomo has three plans :

  • Free : on-premise analytics is free to use
  • Cloud : Hosted business plans start at €22 per month
  • Enterprise : custom-priced, cloud-hosted enterprise plan tailored to meet a business’s specific requirements.

  There’s a free 21-day trial for Matomo Cloud and a 30-day plugin trial for Matomo On-Premise.

  2. Adobe Analytics

  Adobe Analytics is an enterprise analytics platform part of the Adobe Experience Cloud. This makes it a great Mixpanel alternative for those already using other Adobe products. But, getting the most from the platform is challenging without the rest of the Adobe ecosystem. 

  

  Adobe Analytics Analysis Workspace training tutorial
  (Image Source)

  Adobe Analytics offers many marketing tools, but product teams may find their offer lacking. Small or inexperienced teams may also need help using this feature-heavy platform. 

  Key features :

  • Detailed web and marketing analytics : Adobe lets marketers draw in data from almost any source to get a comprehensive view of the customer journey. 
  • Marketing attribution : There’s a great deal of flexibility when crediting conversions. There are unlimited attribution models, too, including both paid and organic media channels.
  • Live Stream : This feature lets brands access raw data in near real time (with a 30- to 90-second delay) to assess the impact of marketing campaigns as soon as they launch. 

  Strengths :

  • Enterprise focus : Adobe Analytics’s wide range of advanced features makes It attractive to large companies with one or more high-traffic websites or apps. 
  • Integrations : Adobe Analytics integrates neatly with other Adobe products like Campaign and Experience Cloud). Access marketing, analytics and content management tools in one place. 
  • Customisation : The platform makes it easy for users to tailor reports and dashboards to their specific needs.

  Common community critiques :

  • Few product analytics features : While marketers will likely love Adobe, product teams may find it lacking. For example, the heatmap tool isn’t well developed. You’ll need to use Adobe Target to run A/B tests.
  • Complexity : The sheer number of advanced features can make Adobe Analytics a confusing experience for inexperienced or non-technically minded users. While a wealth of support documentation is available, it will take longer to generate value. 
  • Price : Adobe Analytics costs several thousand dollars monthly, making it suitable only for enterprise clients.

  Price : 

  Adobe offers three tiers : Select, Prime and Ultimate. Pricing is only available on request.

  3. Amplitude

  Amplitude is a product analytics and event-tracking platform. It is arguably the most like-for-like platform on this list, and there is a lot of overlap between Amploitduce’s and Mixpanel’s capabilities. 

  

  The Ask Amplitude™ feature helps build and analyse conversion funnel charts.
  (Image Source)

  The platform is an excellent choice for marketers who want to create a unified view of the customer by tracking them across different devices. This is possible with several other analytics platforms on this list (Matomo included), but Mixpanel doesn’t centralise data from web and app users in a signal report. 

  Amplitude also has advanced features Mixpanel doesn’t have, like feature management and AI, as well as better customisation. 

  Key features :

  • Product analytics : Amplitude comes packed with features product teams will use regularly, including customer journey analysis, session replays and heatmaps. 
  • AI : Amplitude AI can clean up data, generate insights and detect anomalies.
  • Feature management : Amplitude provides near-real-time feedback on feature usage and adoption rates so that product teams can analyse the impact of their work. Developers can also use the platform to manage progressive rollouts. 

  Strengths :

  • Self-serve reporting : The platform’s self-serve nature means employees of all levels and abilities can get the insights they need. That includes data teams that want to run detailed and complex analyses. 
  • Integrated web experimentation. Product teams or marketers don’t need a third-party tool to run A/B tests because Amplitude has a comprehensive feature that lets users set up tests, collect data and create reports. 
  • Extensive customer support : Amplitude records webinars, holds out-of-office sessions and runs a Slack community to help customers extract as much value as possible.

  Common community critiques :

  • Off-site tracking : While Amplitude has many features for tracking customer interaction across your product, it lacks ways to track customers once they are off-site. This is not great for marketing attribution, for example, or growing search traffic. 
  • Too complex : The sheer number of things Amplitude tracks can overwhelm inexperienced users who must spend time learning how to use the platform. 
  • Few templates : Few stock templates make getting started with Amplitude even harder. Users have to create reports from scratch rather than customise a stock graph. 

  Price : 

  • Starter : Free to track up to 50,000 users per month. 
  • Plus : $49 per month to track up to 300,000 users.
  • Growth : Custom pricing for no tracking limits
  • Enterprise : Custom pricing for dedicated account managers and predictive analytics
    

  4. Google Analytics

  Google Analytics is the most popular web analytics platform. It’s completely free to use and easy to install. Although there’s no customer support, the thousands of online how-to videos and articles go some way to making up for it. 

  

  GA dashboard showing acquisition, conversion and behaviour data across all channels 
  (Image Source)

  Most people are familiar with Google’s web analytics data, which makes it a great Mixpanel alternative for marketers. However, product teams may struggle to get the qualitative data they need.

  Key features :

  • User and conversion tracking : People don’t just use Google Analytics because it’s free. The platform boasts a competitive user engagement and conversion tracking offering, which lets businesses of any size understand how consumers navigate their sites and make purchases. 
  • Audience segmentation : Segment audiences based on time and event parameters.
  • Google Ads integration : Track users from the moment they interact with one of your ads. 

  Strengths :

  • It’s free : Web and product analytics platforms can cost hundreds of dollars monthly and put a sizable dent in a small business marketing budget. Google provides the basic tools most marketers need for free.
  • Cross-platform tracking : GA4 lets teams track mobile and web analytics in one place, which wasn’t possible in Universal Analytics.
  • A wealth of third-party support : There’s no shortage of Google Analytics tutorials on YouTube to help you set up and use the platform. 

  Common community critiques :

  • Data privacy concerns : There are concerns about Google’s lack of compliance with regulations like GDPR. The workaround is asking people for permission to collect their data, but that requires a consent pop-up that can disrupt the user experience. 
  • No CRO features : Google Analytics lacks the conversion optimisation features of other tools in this list, including Matomo. It can’t record sessions, track user interactions via a heatmap or run A/B tests. 
  • AI data sampling : Google generates insights using AI-powered data sampling rather than analysing your actual data, which may make your data inaccurate. 

  Price : 

  Google Analytics is free to use. Google also offers a premium version, GA 360, which starts at $50,000 per year. 

  5. Heap

  Heap is a digital insights and product analytics platform. It gives product managers and marketers the quantitative and qualitative data they need to improve conversion rates, improve product features, and reduce churn. 

  

  Heap marketing KPI dashboard
  (Image Source)

  The platform offers everything you’d expect from a product analytics perspective, including session replays, heatmaps and user journey analysis. It even has an AI tool that can answer your questions. 

  Key features :

  • Auto-capture : Unlike other analytics tools (Mixpanel and Google Analytics, for instance), you don’t need to manually code events. Heap’s auto-capture feature automatically collects every user interaction, allowing for retroactive analysis. 
  • Segmentation : Create distinct customer cohorts based on behaviour. Integrate other platforms like Marketo to use that information to personalise marketing campaigns. 
  • AI CoPilot : Heap has a generative AI tool, CoPilot, that answers questions like “How many people visited the About page last week ?” It can also handle follow-up questions and suggest what to search next. 

  Strengths :

  • Integrations : Heap’s integrations allow teams to centralise data from dozens of third-party applications. Popular integrations include Shopify and Salesforce. Heap can also connect to your data warehouse. 
  • Near real-time tracking : Heap has a live data feed that lets teams track user behaviour in near real-time (there’s a 15-second delay).
  • Collaboration : Heap facilitates cross-department collaboration via shared spaces and shared reports. You can also share session replays across teams.

  Common community critiques :

  • Struggles at scale : Heap’s auto-capture functionality can be more of a pain than a perk when working at scale. Sites with a million or more weekly visitors may need to limit data capture.
  • Data overload : Heap tracks so much data it can be hard to find the specific events you want to measure.
  • Poor-quality graphics : Heap’s visualisations are basic and may not appeal to non-technically minded users.

  Price : 

  Heap offers four plans with pricing available on request.

  • Free
  • Growth
  • Pro
  • Premier
    

  6. Hotjar

  Hotjar is a product experience insight tool that analyses why users behave as they do. The platform collects behavioural data using heatmaps, surveys and session recordings. 

  It’s a suitable alternative for product teams and marketers who care about collecting qualitative rather than quantitative data. 

  

  New heatmap feature in hotjar
  (Image Source)

  It’s not your typical analytics platform, however. Hotjar doesn’t track site visits or conversions, so teams use it alongside a web analytics platform like Google Analytics or Matomo.

  Key features :

  • Surveys : Product teams can place surveys on specific pages to capture quantitative and qualitative data. 
  • Heatmaps : Hotjar provides several heatmaps — click, scroll and interaction — that show how users behave when browsing your site. 
  • Session recordings : Support quantitative analytics data with videos of genuine user behaviour. It’s like watching someone browsing your site over their shoulder. 

  Strengths :

  • User-friendly interface : The tool is easy to navigate and accessible to all employees. Anyone can start using it quickly. 
  • Funnel analysis : Use Hotjar’s range of tools to analyse your entire funnel, identifying friction points and opportunities to improve the customer experience. 
  • Cross-platform tracking : Hotjar compares user behaviour across desktop, mobile and app. 

  Common community critiques :

  • Limited web analytics : While Hotjar is great for understanding customer behaviour, it doesn’t collect standard web analytics data. 
  • Data retention : Hotjar only retains data for one month to a year on some plans.
  • Impacts page speed : The tool’s code impacts your site’s performance, leading to slower load times. 

  Price : 

  • Free : Up to five thousand monthly sessions, including screen recordings and heatmaps
  • Growth : $49 per month for 7,000 to 10,000 monthly sessions
  • Pro : Custom pricing for up to 500 million monthly sessions
  • Enterprise : Custom pricing for up to 6 billion monthly sessions. 
    

  7. Kissmetrics

  Kissmetrics is a web and mobile analytics platform that aims to help teams generate more revenue and acquire more users through product-led growth. 

  As such, the platform offers more to marketers than product teams — particularly online store owners and SaaS businesses. 

  

  Kissmetrics funnel report 
  (Image Source)

  Kissmetrics provides a suite of behavioural analytics tools that analyse how customers move through your funnel, where they drop off and why. That’s great for marketers, but product teams will struggle to understand how customers actually use their product once they’ve converted.

  Key features :

  • User journey mapping : Follow individual customer journeys to learn how each customer finds and engages with your brand. 
  • Funnel analysis : Funnel reports help marketers track cart abandonments and other drop-offs along the customer journey. 
  • A/B testing : Kissmetrics’s A/B testing tool measures how customers respond to different page layouts

  Strengths :

  • Detailed revenue metrics : Kissmetrics makes measuring customer lifetime value, churn rate, and other revenue-focused KPIs easy. 
  • Stellar onboarding experience : Kissmetrics gives new users a detailed walkthrough and tutorial, which helps non-technical users get up to speed. 
  • Integrations : Integrate data from dozens of platforms and tools, such as Facebook, Instagram, Shopify, and Woocommerce, so all your data is in one place. 

  Common community critiques :

  • Predominantly web-based : Kissmetrics focuses on web-based traffic over app- or cross-platform tracking. It may be fine for some teams, but product managers or marketers who track users across apps and smartphones may want to look elsewhere. 
  • Slow to load large data sources : The platform can be slow to load, react to, and analyse large volumes of data, which could be an issue for enterprise clients. 
  • Price : Kissmetrics is significantly more expensive than Mixpanel. There is no freemium tier, meaning you’ll need to pay at least $199 monthly. 

  Price : 

  • Silver : $199 per month for up to 2 million monthly events
  • Gold : $499 per month for up to five million monthly events
  • Platinum : Custom pricing

  Switch from Mixpanel to Matomo

  When it comes to extracting deep insights from user data while balancing compliance and privacy protection, Mixpanel delivers mixed results. If you want a more straightforward alternative, more websites chose Matomo over Mixpanel for their analytics because of its :

  • Accurate web analytics collected in an ethical, GDPR-compliant manner
  • Behavioural analytics (like heatmaps and session recordings) to understand how users engage with your site
  • Rolled-up cross-platform reporting for mobile and apps
  • Flexibility and customisation with 250+ settings, plentiful plugins and integrations, APIs, raw data access
  • Open-source code to create plugins to fit your specific business needs
  • 100% data ownership with Matomo On-Premise and Matomo Cloud

  Over one million websites in 190+ countries use Matomo’s powerful web analytics platform. Join them today by starting a free 21-day trial — no credit card required.