Posts filed under 'Ecommerce'

PPC Conversion Index

The PPC experts at Did-It.com have created a Conversion Index that “measures the rate at which consumers convert into customers from pay-per-click listings across major search engines, their syndication partners, second-tier search engines, directories, and portals.”

What that means is it’s easier for PPC advertisers to take an aggregate look at what PPC solutions are driving the most total conversions, which have the highest conversion rates, and which have the highest click volume. It also looks like they’ll be trending the data over time which is interesting to see how they perform over time.

Obviously, since these are aggregate numbers you still need to test for your ads and your site. It’s quite possible that for your industry or for your site you get different results than this overall index.

Add comment March 7th, 2006

A Complete Guide To Web Analytics Solutions

The web analytics space is not an easy one to navigate as there are numerous companies and product types which will fit your needs differently. In order to help find the way through it all, I’ll map out the options as they currently stand. Please let me know if I’m missing an application you think should be listed. I’ll check it out and add it.

The Freebies
There are numerous free solutions out there, and they range from very useful to “you paid for what you got”. As you might expect, the free solutions lack a lot of the power of the paid ones, and they usually don’t offer much support. If you don’t have any money to spend on analytics or you’re new to it and want to get some experience before paying for a solution, then going with a free package is a great way to go.

Analog – One of the oldest web analytic packages available. Analog is free, and runs off of your log files. It can require quite a bit of customization, and is pretty cut and dry for what it offers. I used Analog for years, but find it just is too old school and a pain to work with to really be a great option these days.

AWStats – An improvement on Analog, but still a logfile-based solution. There are a few nice things about logfile packages, such as the fact that they work with users who have javascript or cookies disabled. However, the storing of logfiles can take up a lot of disk space, requires that you manage the files, and the analytics package takes usually can take time to analyze large files. AWStats is an improvement on some other options, it provides some graphs, and it’s nice that it also can do streaming and email statistics from their log files.

Google Analytics – The new kid on the block that made the biggest splash in 2005. Google Analytics was formerly Urchin until they were purchased by Google. Urchin was formerly not free, but months after acquiring them Google opened it up to the world. Presumably to help drive people to use Adwords since it ties in with Analytics so well. Google Analytics is the most powerful free application. It provides a wealth of statistics, a usable interface, and a lot of ecommerce statistics which are not common in free applications. It’s tie in with Adwords is handy if you do a lot of advertising there. It also uses a javascript tag to report the data so you’re not dealing with hosting your own logfiles. The downside is that the data is often 12 hours behind, so it’s not useful for looking at up to the minute stats.

Google Analytics

SiteMeter – A previously popular solution for bloggers and small websites, Sitemeter has a free version that just requires you put their colorful logo at the bottom of your site. If you leave your data open, others can click to see your stats. This has some cool social aspects to it, and for those selling advertising it can be helpful. Overall, the application seems pretty old at this point, and doesn’t provide a wealth of data in the free version. However, it is simpler than Google Analytics, and you don’t have to mess with logfiles.

Webalizer – Similar to AWStats and Analog, Webalizer is a logfile analysis solution that is free. It has some customizable charts and provides all the basics, but like the others I don’t feel that it really measures up to the ease of use of Google Analytics or Sitemeter.

Blog Specific or the Cool Guys
The rise of blogs has lead to many application developers in all industries to start making blog-specific applications. Analytics is no exception and in the last year we’ve seen a few solid entries in the blog analytics space. Blogs tend to be simpler than some regular websites, and they don’t usually need ecommerce statistics. These applications focus on blogs, so if you’ve got a standard blog, you may want to look here.

Blogbeat

Blogbeat – Blogbeat is a newish application aimed at the blogging market. It’s been a bit overshadowed by all the buzz about MeasureMap, especially with MeasureMap being purchased by Google.

While it’s not quite as pretty as MeasureMap, it feels just about as simple and perhaps a little bit more useful. I wouldn’t hesitate recommending people use Blogbeat. Like MeasureMap, it focuses on stats for your blog posts, referrals, links out, and searches. It has a free 30 day free trial, and it’s not too spendy after that. Installation was a breeze, so give it a try.

Mint – Perhaps the first analytics application aimed at blogs, Mint is a one man show run by Shaun Inman. Don’t let the low employee count fool you, Mint is a nice application. It has a cost of $30 per site, but that’s not too spendy if you care about your stats. The interface is very AJAXy and cool, and you host the data on your own instead of giving it over to a third party like with most analytics applications. It also has an API so developers can build on it, very cool. One problem though, is you need to be able to host it on a server running Apache, PHP, and mySQL. A great application though from a one-man army.

MeasureMap – The darling of the blog analytics space with it’s recent Google acquisition before it’s even out of it’s private beta. MeasureMap was developed by a four-person team from information architecture/visual design powerhouse Adaptive Path. It’s definitely pretty and smooth, and it’s very blog-focused with post stats, referrals, links out, and comment stats. I’ve been playing with it for a few weeks and enjoy it, but sometimes miss some of the details of other applications. It’s still early on, so MeasureMap will most likely add more features depending on what Google does with it, which I think is integrate it with it’s Blogger platform.

Installation was easy as it asks your blogging platform and gives you specific instructions based on that platform. They also have an “Events” feature coming out soon, as well as a developers API. Currently it’s free if you can manage to get an invite.

MeasureMap

Low Cost Solutions
If you’ve got a serious small business web site, but don’t want to go the free route with something like Google Analytics, you might consider one of these low cost solutions. They are on par or better than Google Analytics, and your data is safe from Google, and because you pay you get support and near real time data.

Hitbox Professional – The lighter version of analytics application HBX (profiled below), Hitbox is an affordable solution at around $26.95 a month depending on volume, and it gets you most of the basic to intermediate stats a user would want, from an analytics leader in public company WebsideStory.

Hitslink – A stats app that’s been around a while from Net Applications. Hitslink is a solid mix of a typical web analytics application with simplicity and some more advanced stats like ecommerce and setting conversion goals. It’s not flashy, but it gets the job done at an economical price. A 30-day trial is available and installation was very easy for me.

Visitorville – This is one of the most unique analytics solutions available. It’s best described as web analytics meets the Sims. It has a 3D and 2D world where your analytics are mapped to an interface like you’re in a Sims-like video game. For very visual people this is a really fun way to check out your stats, and it has some great realtime features where when a visitor arrives to your site they arrive to the building (page) in a bus (the referrer). So, you see someone arrive to a building via a Google bus if it’s a Google search referral.

VisitorVille

It also has ecommerce stats and page overlay features, making it a pretty darn complete application. The price is pretty cheap, so if you think you’d be into a very visual view of your stats, give it a shot.

The Big Guns
If you’ve got a serious web business, you need serious data. When you’re making hundreds of thousands of dollars a month from your web presence you’re losing money by NOT using one of these applications to know exactly how your users are behaving on your site. These applications can really be used to test and improve your site, but you’ll have to pay for their superior features and support.

Clicktracks – The originator of the “page overlay” analytics technique, Clicktracks has always had a different user interface and style delivering analytics data to it’s user. For some people their interface style is a huge favorite, for others such as myself I just couldn’t get into it that much. I can see how some would love it, but perhaps my years of standard analytics interfaces lead me to want something else.

I do like how they offer both a hosted ASP solution and a software solution if you want to keep the data on your own server(s). Pricing is spendier then the low-cost solutions, but it’s also cheaper than the most of the other big gun analytics providers.

E-commerce data is a big part of the mix if you want it to be, so I think Clicktracks fits well as a user-friendly small business ecommerce solution.

Coremetrics – A long time player who I’ve never had the chance to use. I demo’d it years ago, so I can’t really say much as I’m sure they’ve iterated quite a bit since then. They have a lot of big clients, and their feature list looks very powerful. Pricing isn’t cheap, and is usually negotiable but comes from a baseline of usage.

Fireclick – Another full-powered application I haven’t had the chance to use. Like Coremetrics they have an impressive client list and have a nice looking feature set. The Fireclick Index is a report that features a dozen key performance indicators to track your key metrics all from one report. They also feature an Excel plugin and a site overlay tool to see your data while viewing your site. Pricing is not listed and most likely negotiable.

HBX – A superpower web analytics application from public company WebsideStory. One of the leaders in all kinds of types of analytics reporting. HBX was one of the first to implement setting up custom funnels to track conversion on goals, they’ve had a site overlay for a long time, have a great plugin with Excel called ReportBuilder, introduced user segmentation early on, integration with PPC advertising, and have been using AJAX and other “web 2.0” technologies before the term even existed.

They have an impressive client list, and I’ve also had the pleasure of attending their user forum where they did a great job educating and also talking to their customers to get help on where to take their product. Pricing isn’t cheap, and is negotiable.

Omniture – A web analytics company based out of Utah that’s been on fire over the past couple of years signing big clients like eBay, Microsoft, and AOL. I haven’t used Omniture, but have heard very good things about their SiteCatalyst solution for it’s power in user segmentation and ecommerce statistics. They also have a Data Warehousing feature that allows real time reporting combined with the flexibility of having good access to old data. Pricing isn’t cheap, and once again is negotiated with a salesperson.

Visual Sciences – A web analytics company that’s been in “stealth” mode for a long time, they’ve long been talked about as having a disruptive technology compared to their competitors. They were just purchased by WebSideStory which should make for a very interesting application in the future as they make HBX and Visual Sciences merge or work together somehow.

Webtrends – The granddaddy of serious web applications, Webtrends has been around forever and been sold a few times along the way. Their now on their 7th version of their application, and they boast a big client list. Some new features include a conversion view from five points, bookmarking and sharing of analytics, a unique first-party cookie solution, and more. Unlike some of the other power applications, they do offer a free trial, but pricing isn’t cheap.

RSS Analytics Solutions
Most of the web applications aren’t tracking RSS feeds (yet). A couple of quality RSS companies that provide a number of services also provide RSS analytics.

Feedburner – Feedburner reports on a few basic feed stats for free like your total feed circulation, and for just a few dollars a month you can update to the Pro stats package to get more stats like what RSS items were viewed, how much, and what ones got clicks to your site. You can also see what feed readers people are using.

Feedburner

Pheedo – Pheedo’s stats are more aimed at RSS advertising, but you can get stats on your feed circulation and how much revenue you’re generating from your ads.

Conclusion
There’s so much to be gained from analytics. Start out by trying a few of these applications that fit your site and see what you can learn. You might be surprised.

If you know of an application that should be listed and/or reviewed, let me know at pmccarthy AT gmail DOT com.

50 comments February 15th, 2006

Companies That Will Be Acquired in 2006

As I pointed out in my Top Web Predictions for 2006 post, I think the number of high-profile acquisitions will probably slow down in 2006. 

I could be totally wrong, but I could see the USA and global economy slowing down, as well as the realization that some of these companies being acquired aren’t really generating a ton of cash.  That being said, I think it’d be fun to give my thoughts on what companies are likely acquisition targets in 2006.  I’ll include some guesses at likely buyers for fun as well.

  1. Digg - The hot social news site is profitable from Adsense revenue and has had recent venture capital funding.  While VC’s do build long term businesses, they do like a return on investment. Another possible acquisition target in this space would be Reddit. Likely buyers: CNET, Yahoo, IAC, News Corp, New York Times.
  2. Netflix – Yes, they’re pretty big and public already, but that doesn’t mean they can’t be acquired.  Netflix has a strong web presence, is growing well, and would be a nice entertainment property as well as a potential large future player in the video on demand world.  Likely buyers: Yahoo, Apple, Amazon.
  3. Newsgator – As the Scobelizer has pointed out already, Newsgator is a leader in the RSS world and has it’s bases covered.  A company that wants to gain a stronger foothold in the RSS feedreader would have to look at them.  Plus, it’s a crowded space there, something needs to happen. Likely buyers: Microsoft, News Corp, AOL.
  4. Riya – Still in beta, but a very promising face recognition technology for tagging and finding photos.  There were a ton of rumors that Google had acquired them which proved untrue, but Scoble admitted in his blog that Microsoft was in talks with them but the price was too high, meaning someone else had bid more than Microsoft was willing to pay.  Perhaps Riya didn’t want to get snatched up so soon, but obviously means there is some serious interest there.  Likely buyers: Google, Microsoft, Yahoo, CNET.
  5. Feedburner – They are the leader in RSS feed analytics, have an ad network going, and are innovating well with features like their FeedFlare.  They’d be a good target for a big player that wants to get more in the feed analytics/monetization space, or a good acquisition for a larger web analytics company.  Another company that could be acquired in this space is PheedoLikely buyers: Google, Yahoo, WebsideStory, Webtrends, Omniture, IAC.
  6. YouTube – Kind of like the Flickr for videos, it’s blowing up fast and is being used heavily by the MySpace/Facebook userbase. It’s probably got some sizeable bandwidth/server costs that it could use some help with. Another potential acquisition in this space is Grouper. Likely buyers: Yahoo, News Corp/Myspace, CNET.
  7. Become.com -  A slick shopping comparison and research site.  Shopping comparison sites were hot this year as three were purchased around the $500 million range.  Likely buyers: IAC, News Corp, Amazon.
  8. Technorati – Blogs just don’t stop growing, and Technorati has had it’s problems but had continually improved.  Somebody will want to get more involved with blog search and they’ll be a likely target.  Likely buyers: Yahoo, CNET, IAC.
  9. Facebook – Social networking for college students only, Facebook has grown at a fast and furious pace, and they get a huge number of new freshmen each year to add as their userbase.  Someone will see them being a value like Myspace, altghought not as valuable.   Other possibilities include Tagworld.com and Tagged.com. Likely Buyers: IAC, News Corp, CNET.
  10. Automattic – The creators of the hottest blogging platform Wordpress have formed a company out of the business and added a hosted platform in Wordpress.com.  Like Google and Blogger, it’s a platform someone will want.  Another possibility would be Six Apart who runs Typepad. Likely buyers: Yahoo, Microsoft, IAC, News Corp, AOL, eBay, some random company.
  11. A Web Analytics Company – This is a general prediction because there are too many likely targets.  But Google’s play into web analytics can’t go unmatched from their big competitors out there, so another web analytics company will get acquired.  Possible companies include WebsideStory, Webtrends, Omniture, Clicktracks, Coremetrics, MeasureMap, Mint, and many more. Likely buyers: Yahoo, Microsoft, Amazon, eBay, IAC.
  12. Ad Network Consolidation – In both the display and text ad network space there are numerous players, and lots of money is involved.  Fastclick was acquired by Valueclick this past year, and we could see more ad networks either rolling up into each other, or just getting acquired by larger companies who want in the space.

9 comments January 1st, 2006

A Nice Use of the Amazon API

It’s really going to get exciting as entrepreneurs start to develop more web applications from APIs and the data made available by larger companies. I’m seeing more of it every day, and the latest example reported on by MediaPost is AmazonCreditsYou.com.

It’s a service that allows you enter your email address and the product number of whatever you buy from Amazon in case they lower the prices. Amazon has a policy that if they lower the prices within 30 days, you can get difference back if you submit a request.

Before this service, I doubt many people took advantage of this, but now with a tie-in to the Amazon API and a bit of front-end coding, you can now get notified via email if you’re eligible for a refund on a price drop. That’s pretty handy.

Will this eventually make Amazon change it’s policy as more and more consumers use this? Or will it help Amazon be the store of choice over other merchants because you know if you buy there now, you won’t lose out on a sale or price drop? I’d say right now it’s giving me another reason to shop at Amazon.

As far as AmazonCreditsYou.com itself, I’m not a huge fan of the domain name due to it locking them in to being just about Amazon in case other merchants opened up APIs to do the same.

It looks like their business model is Adsense revenue and being an Amazon affiliate. I hope there’s more there for them at some point, but maybe that’s enough for the amount of work involved in creating the service. Definitely a good service, I’m sure many in the web shopping world will enjoy it.

1 comment December 30th, 2005

Top 10 Web Predictions for 2006

My guesses at what some of the top web stories will be in 2006. Naturally, the real top 10 stories of 2006 will probably be ones that are impossible to predict, but that doesn’t mean it isn’t fun to try. These predictions are in no particular order:

1. RSS will become two-way with the help of 175.entry”>Simple Sharing Extensions from Microsoft. This will open up a whole new set of features in our favorite web applications, as well as pave the ground for a plethora of new applications. A related and equally large story is Microsoft becoming a big player in the newer web technologies with their Live platform.

2. Social news site Digg will expand into other content areas and media types and then will be acquired. Digg is a useful site that is already profitable just from ads, and they’re not taking full advantage of what their system and community can do. Expanding into other content areas will grow their userbase and revenues, and they’ll be acquired by a major news player or portal.

3. Web 2.0 will be looked down upon as a buzzword, and it’s usage will drop off dramatically. It’s already happening, but people will grow tired of the term Web 2.0 and the hype surrounding it.

4. Face-recognition photo application Riya will be acquired by a major player. Even though the early rumors didn’t turn out to be true, Riya will execute well enough on their plan that they will be very compelling for one of the top web companies to pass up. Another possible acquisition target would be the Robot Co-Op and their fun sites 43things.com, 43places.com, 43people.com, and AllConsuming.net.

5. Some ecommerce shopping applications using the more recent advancements in social web technologies will be developed and will succeed. There hasn’t been a ton of traction in the ecommerce world for tagging, blogging, social networking, ajax, and other newer technologies. These tools are going to break out of the “geek” world and start to hit other industries, and shopping is naturally one where there is money involved, so it will be attractive.

6. Google Analytics will again drop the hammer on the web analytics industry. After quietly humming along for half of 2006, Google will release new features that will put them on par with all the top web applications, and provide integration with other Google applications that make it an even more compelling offering.

7. A forward thinking company will build technology to support transparency, efficiency, and relationships in the online advertising business. The online advertising industry needs to break out of exclusive relationships, deceptive practices, and closed-walled worlds to provide a true advertising marketplace that uses technology to improve efficiency and confidence from all parties.

8. Microsoft will launch a contextual advertising network that will either be huge, or fail miserably. Microsoft will use it’s Adcenter advertisers to power a contextual competitor to Adsense and YPN. It will either be a big success from capitalizing on what Adsense and YPN are doing wrong, or it will lack advertisers and publishers will not want to support Microsoft causing it to fail.

9. Two to three new startups will be so cool and successful they will make the heroes of 2005 like Flickr and del.icio.us seem small and insignificant. Flickr and del.icio.us had the buzz, but in monetary terms they were pretty small acquisitions by Yahoo, and neither is really a game-changing application. 2006 will have some game-changers.

10. The venture capital investments and acquisition bubble will heat up even more, then deflate in the 2nd half of 2006 after a number of companies fail.. There has been a lot of venture capital activity in 2005, and not all of these companies will succeed in their goals to make viable business models from their cool applications or get acquired. There’s only so much acquisition the big players can do, and so many of the applications don’t look too close to a viable business model. After a few of them go down in flames, the investments will cool off and things will be a bit more sane.

Happy 2006!

13 comments December 19th, 2005

Another Shopping Player Gets Bought

GUS has bought PriceGrabber.com for $485M.

Not bad at all. They are the third shopping comparison player to be snapped up in the last six months, apparently it’s moving towards being a hot field.

I still think there is room for a better shopping model. The comparison sites are helpful, but I think it’s just scratching the surface of what can be done to get people the best deal possible.

Add comment December 15th, 2005

Online Comparison Shopping Heats Up

News is coming out that online comparison shopping sites are growing in use.

As a consumer, I’ve used them a little bit, but I’m generally impatient and don’t do as much research as I probably should online when making buying decisions. So I’ve always assumed that there are others who use these sites more than I do, but yet I’ve also thought they were far less popular than I expected.

For example, do you know anyone who really uses PriceGrabber, NexTag, Shopping.com, or Froogle a lot? I don’t.

That being said, I think these sites are very valuable for finding deals, so I’m glad to see they’re growing.

As an ecommerce retailer, I’ve worked with a few of them a little bit with product feeds, but I’ve always found it to be far more work than I got out of it. Usually it was hours of my time that ended up with little to nothing in the way of traffic and sales. If they can streamline their relationships with retailers and gain traffic growth, they could be EXTREMELY valuable.

I still don’t think ecommerce is where it can be yet. There is a lot that can be done with the web and new technologies to improve the process and gain greater efficiencies and pricing for consumers.

1 comment December 8th, 2005

Next Generation Coupon Site?

Jeff Molander asks for it on Revenews.

We will deliver it soon.

Add comment December 3rd, 2005

The Importance of a Unique Selling Proposition

It mainly holds true for ecommerce sites, but something that’s important for all sites and blogs to consider is their USP, or Unique Selling Proposition.

Your USP defines why your site is different and what makes it special. Why should people buy from you? Why should they read your blog?

While I don’t go as far as some people saying you should state your USP on your front page of your site, I do think it’s important that you know what your USP is for your site.

A good article about choosing your USP and how to use it comes from “marketing guru” Jay Abraham.

For example, the USP of Conversion Rater is “Making the web convert for your goals.” I find it too vague and I’m not sure I’m fully delivering in the early stages, but nobody said I was perfect. I’ll continue to strive to hit that USP.

Add comment November 29th, 2005

Google Base’s First Usage?

Has the New York Times spotted the first use of Google Base?

Google apparently is using Google Base data to power local results for Froogle searches. It starts to become more clear how Google will pull Base data to use in other ways and applications.

It’s amazing how many ways Google can use their tools and data, but they still need to do some of these things right for them to succeed.

Add comment November 22nd, 2005

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