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Facebook Commerce


Last month Webtrends and Adgregate Markets published a white paper investigating “The Effect of Social Networks and the Mobile Web on Website Traffic and the Inevitable Rise of Facebook Commerce”.

The key findings and investigation undertaken to reach these findings made for an interesting read; and should encourage those with a website and a Facebook page to start analyzing traffic and behaviour on both to see which channel is engaging their visitors more effectively.

It would seem our online behaviour is changing. While user reviews within web stores, ‘independent’ blogs and forums etc. have had a big impact on e-commerce in recent years, it seems that Facebook may offer something more; the power of recommendation and trusted opinion from your friends and contacts. This is possibly more appealing as people begin to distrust (with good reason in many cases) the authenticity of product reviews scattered around the web.

What is clear based on the Webtrends & Adgregate data is that for non ecommerce sites, Facebook pages are definitely pulling traffic away from company websites. While there may be many reasons for this, I am sure the ability to interact with the business in the dynamic way Facebook enables, has a big part to play here.

 

KEY FINDINGS

  • Websites that do not engage in e-commerce are losing traffic to their Facebook pages at a startling rate
  • Facebook stores are very efficient at traffic acquisition acquiring visitors at no cost through wall posts and establishing a store monthly user base equal to 1-10% of the retailer’s fan base
  • Facebook commerce conversion rates ranging from 2% to 4% are on par with Commerce websites.

Webtrends-Adgregate_Social_Commerce_Whitepaper_03172011

When the figures were grouped into e-commerce and non e-commerce, the impact of Facebook on websites with an absence of e-commerce became more significant as the table below shows.

 

Image from Webtrends Mar 2011 on facebook effect on website trafficWebtrends-Adgregate_Social_Commerce_Whitepaper_03172011

Although this trend is not impacting as strongly on websites with an e-commerce presence; the whitepaper predicts that this will be short-lived if Facebook is able to offer a seamless e-commerce experience.

Already Facebook commerce conversion rates are in the same range as e-commerce websites and with retailers and brands joining up to this channel and the opportunities available; the negative impact on website traffic is likely to continue to grow.

Organizations can no longer ignore the social network in favour of their website. Online traffic should be monitored; in particular the behaviour of users on their websites and social media channels to ensure the appropriate content and opportunities to engage are used on every channel.


The white paper can be viewed here.

Webtrends Buys Transpond, Rebrands it Webtrends Apps

According to sources Webtrends has purchased Transpond, an application publishing tool for Facebook, iPhone and Android Apps, as well as mobile-friendly web pages. They have rebranded Transpond as Webtrends Apps, a suite of products which includes Analytics, Visitor Profiling, Social Media Monitoring, and Landing Page Optimization.


David Kaplan of PaidContent.org says: Transpond’s platform is marketed as an easy way for non-programmers to create, publish, manage and track “experiences” across social and mobile sites. For Portland, Oregon-based Webtrends, it represents an extension of its measurement and management of Facebook.

I actually think this might be smart move on the part of Webtrends because their latest services such as Facebook Analytics, fit quite nicely into Transpond’s services. Webtrends is essentially going to be able to offer their entire ecosystem of online products to their Webtrends Apps customers – thus making new business for themselves.

Webtrends Analytics 9 Features Real Time Data/Alerts and a New UI

Webtrends has roled out with Analytics 9 which includes a redesign of their reporting interface, real-time reporting, an iPhone Application, and alerts.

Belo are details on some of the new features:

  • Up-to-the-Minute Analytics: receive real-time updates on key web metrics, and analyze them alongside equivalent data from the previous 24-hours or the current day. Customers can overlay results from marketing campaigns, RSS feeds, or other activities to gain the real-time insight needed to fuel their business.
  • Real-Time Alerts: Analytics 9 now features real-time alerts and notifications when key web site metrics reach, or fail to reach, your pre-determined goals. Alerts can prompt the user at log-in and be delivered via e-mail, authenticated RSS feed, Twitter direct message, SMS, and/or the soon to be released native Webtrends iPhone application.
  • Analytics 9 On-Demand is receiving a new look: power users who need access to advanced features will appreciate a clean and professional look in Analytics 9 On-Demand. Elements that slowed down load times were removed and all data visualization elements including tables, charts, and graphs have been optimized to improve the speed and confidence of data comprehension. All features remain in the same place — there will be no learning curve for the new look.
  • Webtrends iPhone Application: when customers are on the go and need high level insight on web activity, “there is an app for that.” The Webtrends Analytics iPhone app delivers key metrics and trends. The design follows many of the same cues as the Insight web app but delivers an experience tailored specifically for iPhone users. The Webtrends iPhone application soon will be available for download within iTunes.

WebTrends Releases Analytics 9 – Brand New UX

Webtrends today introduced its most significant advances in user experience and data integration in its 15+ year history.

Webtrends Analytics 9 makes data the interface. Uncovering customer trends is now as simple as clicking on the data. Cross-channel insight emerges like never before from RSS-enabled overlays of company news, sales, and other business data on top of trended web metrics. Providing the power of analytics results to the entire enterprise through automatic translation of data into narratives that anyone in the business can understand and key web metrics are easily available via web services in any interface, including excel.

Webtrends Analytics 9 is comprised of three primary feature areas:
Insight Interface: No Instructions Necessary

The new Analytics 9 Insight interface combines numerous breakthroughs in data exploration and visualization, including:

  • RSS Overlays. Quickly determine how your web site is being influenced by other marketing investments by visually overlaying data from any RSS feed on top of trending web metrics. Overlays from Webtrends Social Measurement, for example, provide direct insight into the relationships between web site traffic and activity on enthusiast blogs, video channels and other interactive media.
  • Story View. Automatically converts data and metrics into non-technical narratives that provide written context that graphs and charts can’t. Narratives can be downloaded and shared as PowerPoint, Word, and other formats.

Data-in, no Restrictions. Data-out, no fees

Webtrends industry leading enhanced application programming interface (API) provides self-service access and integration of your online and offline data without any added charges:

  • Live spreadsheets. Review web site metrics throughout the day in live spreadsheets that anyone can access. Create excel dashboards with live data in three easy steps.
  • Data collection. Uncover cross-channel trends and business opportunities by programmatically sending data from mobile applications, devices and any other standards-based source to Webtrends hosted collection service for processing and analysis alongside your web site traffic and other data.
  • Data Extraction. Populate widgets, dashboards and other applications with Webtrends data using the iron-clad, and no fee, Webtrends Web Services built with Representational State Transfer (REST) URLs and other web standards – or combine data from Webtrends and other business intelligence tools to create best-of-breeds solutions catered to your business.

Powerful to the Core

Analytics 9 provides all of the core analytics features customers have come to depend on with Webtrends On Demand, including:

  • Unlimited scale, capacity. Distinct and fully redundant data collection, analysis and rendering help absorb even the largest spikes in traffic without system outages or lost data. Webtrends has never lost a byte of customer data.
  • Unmatched data flexibility. Unlimited dimensions and measures based on any attribute or parameter let you explore your data without restrictions or incurring extra charges.

Analytics 9 is available for purchase beginning today. Current Webtrends On Demand customers have access to Analytics 9 at http://insight.webtrends.com/

Screenshots of Analytics 9

Engage with Webtrends: Eco-chamber

Guest Author: Jascha Kaykas-Wolff

A few weeks ago Manoj invited Omniture and us to contribute to the Web Analytics World blog. I liked the idea (who wouldn’t?) and shared it with the rest of the team here at Webtrends who also got excited. Today we are contributing our first “Engage with Webtrends” post and will be rotating our authors in every other week. Thanks for the opportunity WAW! By way of introduction my name is Jascha Kaykas-Wolff, I’m the vp, marketing at Webtrends and have been in my post for just under 6 months. I thought I’d start us off since I signed us up.

Like a hot coal in the fire, something has been burning in my mind lately. When I started my career at Microsoft I was fresh from multiple years at Yahoo!, during some of the best years the company had ever seen. The web was our business. Everyone at Yahoo understood it, what it could do for other business’, and how to embrace it. When I started at Microsoft, however, I was struck by how much the web wasn’t even remotely a part of our core business. In fact, a great friend and very respected marketer once said (and i’m paraphrasing) “You say the web is important and I trust your instinct, but if you can’t explain how it’s going to impact my business, in my language, and in business terms, then how am I supposed to care?”

The parallels of how Microsoft used to (and in some pockets of its business today still) think about ‘the web’ and our ‘web analytics’ industry today strike me as very parallel. This presents some challenges and conversely some great opportunity.

I’m passionate about our industry, the analytics industry, about the value we can provide to businesses-large and small. Within the confines of our walls (within our own companies and amongst ourselves) we argue about tactical principles like what a “visit” is or isn’t and whether or not Javascript is a good choice or if packet-sniffing is a better option. So, while technological functions are definitely important, for the most part our customers don’t care how the technology works – nor should they. It’s good to be purists, but at the end of the day….if we cannot help our business partners, in laymens terms, understand the benefit our business can bring to theirs, we aren’t successful.

What our customers really need our help with first is marrying their business goals to their technology investments – like ‘the web’ challenge of defining a set of KPIs and linking those to their online channel from initiation to sale. Second, they need our industry to be in agreement in defining a core set of business and technical drivers to achieve those goals – a common vernacular. Lastly, they need to rely on us as partners and not “analyics vendors”. We need to know as much, or more in some cases, about how their business work as we do our own. These things can put our business partners first and help us rationalize, to them in laymen terms, how our business can help theirs.

We should all be embracing vernacular change within our companies to enable better partnerships with our customers.

One of the more powerful tools to drive common vernacular and allow focus on business objectives is to use a maturity model. A maturity model can be described as a structured assessment of an organizations tools and people that aids in the definition and understanding of an organization’s processes; it can provide the ability for a business to effectively drive planning and goals alignment within their broader organization. Recently we at Webtrends introduced the Digital Marketing Maturity Model. We have been very open about soliciting feedback and are happy to say that quite a bit has come through. So, thanks to those of you who have sent feedback! The power in using a maturity model is that it can help align expectations around capabilities and agreement on vernacular so that a business can plan a strategy for how to accomplish goals based on their capabilities.

Analytics has long been an industry driven by engineers and number crunchers – purists in the best way. We feed off the eco-chamber of our industry with the intelligence and know-how of our practitioners. However, to truly gain validity and help customers rationalize financial investments using our technology it is critical that our industry invest in business leadership and resources that speak the same language as business leadership in our customer’s business.

Join us in helping establish the digital marketing maturity model at Webtrends

Jascha Kaykas-Wolff
vp, marketing Webtrends
@kaykas, blog

Omniture vs. WebTrends – Blogging

In recent months both the Omniture and WebTrends teams have enhanced their blogging efforts. Both companies offer large blogging teams (employees) with a wide range of skill sets who cover a broad array of topics including: best practices, search marketing, integration and many many more.
I am giving an open invitation to both the Omniture and WebTrends teams to submit a weekly or bi-weekly blog here at Web Analytics World (mjasra@gmail.com) regarding their own products, best practices, tips, etc…
Below are a few fun stats about each blog as well as the individuals who make up their respective blogging teams:

Back Links
Omniture Blog: 8,347
WebTrends Blog: 3,738

Page Rank
Omniture Blog: 6
WebTrends Blog: 5

Technorati Rank
Omniture Blog: 82,199
WebTrends Blog: n/a

First Post
Omniture Blog: August 2005
WebTrends Blog: October 2008

Inside WebTrends Engage 2009: Jascha Kaykas-Wolff

I was able to sit down with Jascha Kaykas-Wolff, VP Marketing at WebTrends, for a while during the Engage conference. Here are some of the thoughts that he shared with me.
[Craig]: Customer’s perceptions of WebTrends may not be as good as it could be. Do you have any theories as to why and any plans for improvement?
[Jascha Kaykas-Wolff]: I’m a film buff, and like to describe Webtrends as an epic movie, 15 years in the making, where many of the best scenes never made it off the cutting room floor. There is a challenge inherent in the technology industry in that we, for the most part, dehumanize what we do. The story we tell about what we do becomes a discussion about features and functions and not much else. Webtrends is, and has been historically, respected as the most flexible and powerful platform in the industry. The challenge is that flexibility isn’t a narrative that can be told to everyone and thus flexibility morphs into ‘everything to everyone’ which manifests itself as ‘nothing to anyone’. With Alex Yoder at the helm, along with our new management team, we are taking a decidedly different approach. Strange as it might sound, we’re not really in the business of analytics – We’re in the business of helping our clients build relationships with customers. Relationships built on understanding people. That purposefully human approach to our business and industry is what you will see from Webtrends moving forward. That approach is Webtrends Open Exchange.
[Craig]: People I’ve been talking to are excited about the new Data Access Services. Are there other Open Exchange initiatives that we can look forward to?
[Jascha Kaykas-Wolff]: First off, we are thrilled about our new data access API. As I spoke about at engage, we have been wrongfully conditioned to pay for convenience. This conditioning impacts the way we pay for getting our own money out of our banks via the ATM network, to having to pay more money for locally grown, organic food. The same conditioning has been reinforced in the analytics industry – Not anymore. Webtrends and our customers have an equitable value exchange and we believe it is our responsibility to help our customers make sense of their data, and get to its understanding within the context of their business in a way that works for them. Making the data access API available to our customers without nickel and diming them for its use is the president we are setting for the industry. We also pre-announced our data collection API available later this summer, and you will see us continuing to invest in helpful tools and services like tag builder. Open Exchange is also a philosophy that governs the way we work and the partnerships which we formalize. Webtrends Social Measurement powered by Radian6 is an example of how the Open Exchange provides a platform for partnerships that can have a meaningful impact on the industry. You will see more partnership announcements from us and within our Open Exchange in the near future.
[Craig]: How important are consulting services to WebTrends?
[Jascha Kaykas-Wolff]: Webtrends is, and historically has been, focused on our best in class support. As we looked back over our 15 years of experience in the industry and the customer successes that have been enabled, there are a handful of consistent components in the successful equation. Our consulting services are one of those extremely critical components. To that end, and though the leadership of our VP of services Dave Canelis we have made substantial investments in our consulting services. Those investments include the reorganization of the team to include our solution engineering team and added practices like digital marketing optimization and training. Expect some very exciting and relevant advances from our services team in the coming months.
[Craig]: What sort of impact has Google Analytics had on the industry? Is WebTrends doing anything special to respond?
[Jascha Kaykas-Wolff]: Rising tides float all boats. Google has introduced web analytics to a percentage of the industry that previously hadn’t been served. With their free web analytics offering Google has up leveled the entire industry’s expectations that analytics are a critical component of everything you do online. Our business is quite a bit different than Google’s. Our customers run businesses that are much bigger than just the internet channel. They care about call centers, IVRs, CRM and any other of a myriad of possible data silos that help them manage their business. You will see us continue to make investments in capabilities that allow our customers to break down data silos in their business – Investments in industry firsts like data access APIs at no charge.
[Craig]: You’re commuting to Portland but still living in Seattle. What are your biggest challenges with work and your family?
[Jascha Kaykas-Wolff]: Balance is incredibly difficult. I have three small children (Simone, Sofie & Julien) and it’s very tough to be gone the majority of the week and not see them all. Our youngest is 6 months and he is growing so fast it’s almost like he is a different kid each week when I come home! I’m a bit of a type A personality and when I come home I operate like I never left… which sometimes drives everyone nuts as they have all established a routine that I quickly disrupt. I’m fortunate to have an amazing partner in life, Rebecca, who makes it possible for me to do what I’m doing; I told a story at Engage about my number is really the story about how I met her. It also helps us that she has been a customer of Webtrends in the past and is an incredibly accomplished marketing executive that understands what I do and whom I can bounce ideas off of. While the balance is tough, and we are anxious to sell our house and move to Portland, I’m lucky to be surrounded by amazing people in the office and an very supportive family. It wouldn’t be possible if both weren’t the case. If you know anyone looking to move to Seattle, let me know… we have a wonderful house they can buy.
[Craig]: Thanks for spending some time with me, Jascha. I know that you are a very busy person and I appreciate you fitting me into your schedule.