Why Your Business Needs Analytics

Marketing Advice - 15.01.24

Staying ahead of the competition requires more than just a strong online presence – it demands insightful data analysis. According to this Invoca blog, "Data-Driven Marketing Trends: Why You Need to Update Your Strategy," businesses that use data-driven strategies achieve ROI five to eight times higher than those that don't. 

If that’s not an incentive to prioritise data-driven marketing, the article also suggests that utilising analytics to observe content performance or user behaviour makes it easier for you to personalise your messaging for a more authentic feel, which in turn makes prospects more likely to purchase your product or service. 

Why Analytics Is Important for Business

In this blog, we'll explore what analytics are and how they can be utilised in key areas like content writing, SEO, search engine advertising, social media advertising, social media management, and website performance to enhance your marketing efforts. But first, let’s start with what analytics are.  

In business, analytics means looking at data in a systematic way to understand things better and make smart choices. It involves using tools and methods to study patterns and trends in information. Businesses use analytics to see how well their plans are working, understand what customers do, and find ways to do things better. By using analytics, businesses can make decisions based on facts, become more efficient, and be more successful.

Now let’s quickly look at the main areas of marketing where analytics can be used to improve your strategies and deliver faster results.  

Content Writing

Understanding how analytics work is very useful for making content that people like. When you check things like how much time people spend on your pages, if they leave quickly, or if they click on things, it gives you a deeper knowledge of how effective your content is. 

By looking at this data, you can figure out which content is really doing well. This helps you create more of what your audience enjoys, overall making your content more interesting and appealing to them. It's like a guide that tells you what works and what can be improved in your content creation.

Search Engine Optimisation (SEO)

SEO is really important, as it helps improve online content visibility on search engines, potentially increasing website traffic and customer engagement. And analytics play a big role in making it work well. By monitoring how well certain words perform, examining where your traffic comes from without paid ads, and seeing how well other websites link to yours, analytics give you the power to keep making your SEO better. Data helps you know what's good and what can be improved, so that your content shows up more when people are searching, reaching more people in the end.

Search Engine Advertising:

When you pay to advertise online, by utilising analytics you can ensure your investment is worthwhile. Analytics helps you see how many people actually do what you want them to do, like clicking on your ads. By utilising data, you can make your ads work better – spend money where it matters, aim your ads at the right people, and say the things that get more people interested. It's like having a guide that tells you where to put your advertising money so it makes the most impact.

Social Media Advertising

Social media analytics is great for helping businesses see how well their ads are doing on platforms like Facebook, Instagram, and Twitter. By looking at things like how much people engage with your posts, how many see them, and how many do what you want (like buying something), you can make your social media ads perform better. 

Analytics also tell you about the people who see your ads – their age, interests, and more. This information helps you create tailored content that fits different groups of people. Think of it like having a tool that guides you in optimising your social media ads, ensuring they become more effective and reach the intended audience.

Social Media Management

Analytics in social media management will give you insights into how people act, what they like, and even how they feel. By keeping an eye on things like how many followers you gain, how many people engage with your posts, and how often your posts get shared, you can see how well your social media is doing. This data helps you understand if your social media efforts are actually making a difference.

Website Performance

A website serves as the online hub for any business, and analytics is vital for optimising its functionality. By keeping an eye on things like how fast your pages load, how people move around your site, and how visitors respond to CTAs, you can understand how effective your website really is. This helps you find and fix any issues fast, making the experience better for users, and, overall, making your website work the best it can. 

Can analytics be easily added to your website?

Yes. Integrating analytics into your website typically involves setting up an analytics tool like Google Analytics to track and analyse user data. Once set up, the analytics tool begins collecting valuable data on user behaviour, traffic sources, and other key metrics. 

Make sure to regularly review the analytics dashboard to gain insights into your website's performance, allowing you to make informed decisions and optimise for better user experiences and business outcomes.

It’s also worth including UTM parameters, tags, in your social media posts. Google Analytics will then report these tags, revealing which social media platform drives the most traffic to your website and what type of content captures their interest. 

Now, let's explore what analytics tools you can use to help you make smarter decisions and achieve better results in your marketing.

Analytics Tools to Use 

  • Google Analytics:

Why it's good: Free and user-friendly, Google Analytics offers detailed insights into website traffic and user behaviour, essential for optimising website performance.

  • HubSpot Analytics:

Why it's good: Integrated with HubSpot, it provides a comprehensive view of marketing efforts, allowing tracking of website analytics, email campaigns, and social media metrics in one place.

  • Google Ads: 

Why it’s good: For search engine advertising, Google Ads offers robust analytics to track ad performance and optimise campaigns.

  • SEMrush: 

Why it’s good: Ideal for SEO and competitive analysis, SEMrush provides data on keyword rankings, backlinks, and advertising strategies.

Analytics for Better Business Decision-Making

In this blog, we’ve highlighted that utilising analytics will help improve your decision-making process, delivering more positive results. Analytics not only empower businesses to make informed decisions grounded in data, removing the guesswork, but they also pave the way for an improved return on investment by identifying high-performing strategies and channels. 

Interested in the power of analytics for your marketing? Contact Together Digital to talk to our experts and discover how analytics can elevate your strategies.