Comparison Shopping Site Analytics and Optimization
Two experts weigh in on how to interpret shopping site data and optimize feeds.
- Optimize content by providing as many product attributes as possible most CSEs don't require much information, but by filling out all the data fields available, you increase your click-to-purchase ratios and return-on-ad spending.
- Optimize product inventory by removing high-cost per-click items with low or no sales, but do not remove items with low or no-cost per click, and he emphasizes this, regardless of sales performance.
- Reporting tools should cover clicks and purchases not just clicks and e-tailers should prioritize their analysis by focusing first on high-click costs on products with low sales within a specific channel and then on any products or categories with low sales within a channel. Sellers should also test new products within a channel and watch their performance.
To illustrate how some performance-tracking mechanisms don't always provide positive outcomes, Lambert first explained how CSEs work to track consumers. Perhaps a consumer is in the market for an indoor bike trainer. He heads to a CSE, mulls the options the site provides, and clicks the one he feels best suits him. The site shoots the Lance Armstrong-wanna be to a redirect page, which is the first point of tracking. From there, he lands at the product page, where he (hopefully) puts the product in his shopping cart and checks out. Finally, he ends up at the thank you or invoice page, which is the most important tracking point of all. After all, marketing is all about sales. Lambert then pointed out that some performance-monitoring systems insert a tracking point between the redirect page and the product page, which he believes to be risky. While not likely, there could be an Internet-connection failure or computer glitch at that point, which could prevent the consumer from reaching the product page. He said there's no reason to introduce another point of failure and that you'll otherwise glean enough data to make informed marketing decisions. The Devil's In The Details
Lambert emphasized that it's important to strike a balance between too much information and not enough, so that marketers can make informed decisions about how best to present their products to consumers. Ideally, when evaluating data about CSEs, you'll want to know which CSE the consumer came from, the product code, the approximate cost-per- click and the keywords for which the consumer searched. The MerchantAdvantage chief also recommends that e-tailers review the click-through path of the consumer: If while searching for his trainer, the biker also bought a helmet, it's important to know that the click for the trainer led to the sale of the helmet. Otherwise, the tracking is misleading. In regard to evaluating the statistics, ratios are best for evaluating performance. A reasonable click-to-purchase ratio, Lambert said, is key. Marketers need to know where each click came from and the approximate cost-per-click. To make sure your statistics aren't tainted, Lambert said it's important to keep product information updated. Most CSEs grab product information from product sites, so merchants need to be vigilant about keeping prices and information accurate. He also said that marketing high-performing products through CSEs and not including your slow-moving products is tempting, but to be wary: Striking the right balance of products sent to CSEs without losing critical mass is important. Tips for Optimizing Feeds
And, if you're wondering how to optimize your CSE feeds, Leigh Vosler, of SierraTradingPost, recently outlined 22 tips at the July Shop.org merchandising conference in San Diego. Some key advice from Vosler includes the following: watch and budget for the Q4 CPC price increase that occurs on nearly all engines, request the product categories from each of the shopping engines and take the time to map your products to the CSE categories for quicker and better data matching and remember that return-on-ad-spending is not important if you are bidding too low to be found on the engine in the first place. Alan Rimm-Kaufman of Rimm-Kaufman Group, a search marketing agency located in Charlottesville, Va., also participated in the panel and posted the entire list at his blog here. Sally Marek Curran is a regular contributor to ECommerce-Guide.com.
|Do you have a comment or question about this article or other e-commerce topics in general? Speak out in the SmallBusinessComputing.com E-Commerce Forum. Join the discussion today!|
SIP Trunking: How to Get It and Where You Can Expect to Save Voice over IP (or VoIP) telephony is rapidly capturing a major portion of the enterprise voice telephone business. VoIP has a number of advantages...
Key 2014 Contact Center Trends and Priorities: How You Can Be Ready On-Demand Web Event Original Event Date: January 28, 2014 Contact center technology and delivering a great customer experience continue to...
Calculating the Total Cost of Protection Cyberthreats are increasing in frequency and sophistication. If you're like most businesses, your IT resources are barely keeping up and you may be...
DDoS and Downtime: Considerations for Risk Management Proactive DDoS threat mitigation may be one of the easiest and most cost-effective tactics for minimizing financial risk associated with IT-related...