The meaning of marketing analytics is the using of data to monitor the performance of your efforts and your campaigns. However, the choice of marketing analytics tools, plugins, and dedicated software are wider than ever. It is good to have choices, but you cannot have all of them together. That is why you need to choose one or several analytic solutions and stick to them. Nevertheless, the main question is how to choose?
Why do you need these marketing tools?
The marketing analytic tools comprise technologies and solutions that will allow you to collect, organize, and manage data with the mission to increase the efficiency, in reaching your required business goals. It will allow you to monitor how your campaigns are performing and how well it will perform. It will help you gain insights into what drives your growth, what should your campaigns look like soon, what mistakes are you making, and what are you doing right?
It can get all of this information without the help of any intelligence teams. The marketing analytics software is a smart enough solution, which will take care of everything by itself, and present to you with immediate results. To receive the perfect solutions, you will need the right piece of software.
What do you need to look out for when choosing marketing tools?
There are certain options, which will help you choose the right marketing tool, through that it will help you gain success in your business. Here is a collection of solutions available for you.
i) A free demo
This is a generalized rule that is required to apply to all kinds of technologies and software. Just like shoes and accessories, analytics tools should also be tried on for size before you think of buying it. You need to make sure that; you have enough time in hands for your entire team when they think of trying it. This method holds a lot of importance because, a tool can be an extraordinary piece of software but it may not carry the specific requirements. The best way is to use it, by properly trying it out to see if it is suitable for your company.
ii) Having one platform for all your channels
There are many businesses, which have over one marketing channel. When you have only one channel available for your business, you are likely to develop more over time-period. Therefore, basically, a marketing analytics solution is required, which will help in covering all of them separately.
iii) Reports are customizable
The most important reason you need, to use analytics tools in the first place because it will help you explore and get valuable data. If you truly wish to make use of the best tools, you need to create custom dashboards for issues and specific areas, which will help you receive custom reports. There are many tools for marketing, which will allow you to create dozens of dashboards and provide you with the option to save the report templates that helps in saving quality time.
iv) Having the ability to analyze a massive amount of data
Your marketing analytics tool will be able to organize, collect and analyze massive amounts of data in a systematic order, without forming a glitch. This is a vital solution if you have a big business that only aims to grow further. The amount of data it will be generating and analyzing will keep increasing. You need to have good analytics software that can handle such operations otherwise; no valuable insights will be coming through in your hands.
v) Capable of integration
It is important to note that not all analytics software can integrate flawlessly with all CMSs or CRMs. The ones, which you are currently using, will probably have some tools with which they get to integrate with, and others are not compatible. Before you wish to commit to an analytics tool, do check for the integration capabilities. If not properly checked, then you might face a lot of trouble with bugs, and compatibility issues.
vi) Keeping the user on focus
There are different types of analytic metrics you can use. One of the common mistakes beginner marketers usually make is focusing solely on the traffic volume. Such data will rarely provide any valuable insights. But, if you put your focus on the individual customer or a visitor, where he/she is coming from, what technology does he/she is using to reach your site, and what he/she was doing on your site, will provide you a better understanding on the person’s process. This is very much important, if you are a user who actually converts. With the right analytics tools, it will enable you to track down an individual users’ behavior as well.
The bottom line
These days, there are so many marketing analytics solutions, available in the market. It is amazing to have such a wide range of choices, for different solutions with all the features you ever wanted for your business operations. On the other hand, you may have the feeling, of having too many choices, which can paralyze and hinder your ability to make a decision. Still, it contains factors, which will help you narrow your findings and provide you with solutions so that you get to make the right decision that will ultimately benefit your marketing efforts, your entire business, and your team.