Competitive analysis is important to any business strategy. Knowing what your competitors are doing and how they’re pricing and marketing their products will help you figure out how to market your own products. Luckily, there are many online tools that can help you get a look (or spy) on what your competitors are doing.
[Read more…] about 14 Ways to Spy On Your Competition
Marketing
Choosing the Right KPIs for Your Business
I’m often asked what KPIs (key performance indicators) are the most important for understanding how a business is doing online. My answer is always “It depends.” There’s not a set of KPIs that works for every business. Choosing the right KPIs for your business means understanding your business, your goals and what you’re trying to do online. KPIs are the metrics which tell you whether you’re moving closer towards your goal and objectives (see KPIs vs Metrics for more details).
[Read more…] about Choosing the Right KPIs for Your Business
Is Exit Rate a Useful Metric?
Exit Rate measures how many people left your website from a certain page. It would seem like it would show you where people are exiting from your site so you can fix problems with specific pages. The problem is that everyone who comes to your website has to leave at some point. What if they came, bought something and then left? That’s what you want them to do. Or what if you blog daily and people come to read your latest post and then leave. While you may prefer they spend time on other pages, if they’re loyal readers, they’ve been keeping up with your posts. So is Exit Rate useful? Yes and no. Let’s look at it in more detail…
[Read more…] about Is Exit Rate a Useful Metric?