Showing posts with label roas. Show all posts
Showing posts with label roas. Show all posts

Tuesday, 25 September 2012

What the frell is CLV !?!?

If you don't know what a customer is worth, you're inefficient. You should be thinking like this:









Average Order Profit
         x
Number of orders per year
         x
Average customer length (years)

         =

Customer Lifetime Value (CLV)


CLVs are important if you are selling anything.

...
CLV is not (here) a reference to how fast CDs work.

Monday, 10 September 2012

What's in a goal?

I get asked fairly frequently what are examples of goals. If you don't use them properly, how do you know when your website is successful?  Goals are a way of linking what your site does with what your organisation needs to do. So you can make sure you are using your time wisely.

Here's a list of goals (targets) in no particular order:



My recommendations ... are you ...

Selling on-line? Set up Revenue (E-commerce).
Getting customer details? Set up URL (Leads) goals.
Building interest? Set up 'Time on site'.
Something else? Ask me!


----

How to set up a goal? 
Log in to your analytics software, visit 'Admin', and then add a Goal.

Set it up like this: