What is Digital Marketing Analytics? [Skills, Tools, Examples, & More]
Get insights into the world of digital marketing analytics and learn how to use data to improve your marketing strategy. From tools and techniques to skills required, our guide covers everything you need to know.
Digital marketing analytics involves collecting data from various digital marketing channels such as social media, email marketing, SEO, PPC, and website analytics to gain insights into the performance of your campaigns.
By understanding this data, you can make informed decisions about improving your or your client’s campaigns and achieving better results.
In this blog post, we will discuss what digital marketing analytics is, the skills required to be a successful digital marketing analyst, the tools and techniques used in analytics, examples of how digital marketing analytics can be applied in real-life scenarios, and how to build a career in marketing analytics.
What is digital marketing analytics?
Digital marketing analytics is a crucial component of any digital marketing strategy. Without understanding how your campaigns are performing, it’s impossible to make informed decisions on how to improve them. Digital marketing analytics allows you to:
- Understand which channels are driving the most traffic and conversions.
- Analyze the behavior of visitors to your website and optimize it to improve conversions.
- Optimize campaigns for better ROI.
- Gain insights into what content resonates with your audience.
- Understand your audience better and tailor your campaigns to specific groups.
Key skills required for a career in digital marketing analytics
If you’re interested in pursuing a career in digital marketing analytics, there are a few key skills that you’ll need to have under your belt.
Here’s a quick rundown of what you should focus on:
- Data analysis: Digital marketing analytics is all about crunching the numbers. You’ll be dealing with lots of data, so you should be comfortable using tools like Excel and Google Analytics to make sense of it all.
- Statistical analysis: You don’t have to be a math whiz, but you should have a basic understanding of statistics. Being able to use statistical models to analyze data and spot trends is a key part of the job.
- Marketing knowledge: It goes without saying that you need to know your stuff when it comes to marketing. You’ll be using your marketing know-how to guide your analysis and make data-driven decisions.
- Technical skills: You’ll be working with a lot of different tools and platforms, so you should be comfortable with technology. Knowing how to use Google Analytics, AdWords, and Tag Manager is a must.
- Communication skills: One of the most important parts of being a digital marketing analyst is being able to communicate your findings to others. You’ll need to be able to explain complex data in a way that’s easy to understand for people who aren’t as data-savvy.
- Problem-solving skills: In digital marketing analytics, you’ll be solving problems left and right. Being able to identify issues, come up with hypotheses, and test solutions are key.
- Attention to detail: When you’re analyzing data, it’s crucial to pay attention to the details. You need to be able to spot patterns, errors, and anomalies that could impact your analysis.
- Creativity: Finally, being creative is a big part of digital marketing analytics. You should be able to come up with new ways of analyzing data and identifying insights that others may not have seen.
Digital marketing analytics is not an easy job, but if you have these skills, you’ll be well on your way to a successful career! And hey, if you’re interested in learning more about digital marketing analytics, be sure to check out this free course in marketing analytics.
Common tools used in digital marketing analytics
Choosing the right tools for digital marketing analytics is essential to gaining valuable insights into the performance of your campaigns, optimizing them for better results, and achieving better ROI.
By utilizing the right tools, you can effectively track user behavior, identify areas of improvement, and optimize your marketing strategies.
1. Google Analytics
- A free web analytics service that allows you to track and analyze user behavior on your website.
- Tracks various metrics such as page views, bounce rate, time on site, and conversion rate.
- Allows you to set up goals and track user behavior toward those goals.
- Has a powerful reporting feature that allows you to generate customized reports and dashboards to track your key performance indicators (KPIs).
- A comprehensive digital marketing tool that allows you to track your website’s performance, analyze your competitors, and optimize your content for search engines.
- Covers various aspects of digital marketing, including SEO, PPC, social media, content marketing, and market research.
- Tracks your website’s traffic, analyzes your backlinks, monitors your social media performance, and identifies keywords that drive traffic to your site.
- A popular SEO tool that provides insights and recommendations for improving your website’s search engine rankings.
- Offers a range of features such as keyword research, site audits, backlink analysis, and rank tracking.
- A unique feature is its Domain Authority metric, which measures the strength and authority of your website compared to others in your industry.
- A powerful analytics tool that focuses on user behavior analysis.
- Allows you to track and analyze user behavior on your website or mobile app, including actions taken, funnels, and retention rates.
- Lets you create custom reports and dashboards, set up alerts and notifications, and conduct A/B testing to optimize your user experience.
- A user behavior analytics tool that allows you to track and analyze user behavior on your website through heatmaps, recordings, and surveys.
- Heatmaps show where users are clicking, scrolling, and hovering on your website.
- Recordings let you watch user sessions to identify areas of friction and opportunities for improvement.
- Surveys let you collect feedback from your users and gain insights into their preferences and needs.
Key techniques used in digital marketing analytics
Let’s take a look at some of the commonly used techniques in digital marketing analytics:
Segmentation is a powerful technique used in digital marketing analytics to group audiences with similar characteristics or behaviors.
By segmenting your audience, you can deliver more personalized and relevant messages, resulting in better engagement and conversions. There are various ways to segment your audience, such as:
- Demographic Segmentation: Dividing your audience based on age, gender, location, or other demographic factors.
- Behavioral Segmentation: Dividing your audience based on their behavior on your website, such as pages viewed, time spent, or actions taken.
- Psychographic Segmentation: Dividing your audience based on their personality, values, or lifestyle.
Segmentation can be done using various tools, such as Google Analytics, CRM systems, or marketing automation software.
By analyzing the behavior of each segment, you can identify patterns and trends that can inform your marketing strategy.
2. A/B Testing
A/B testing, also known as split testing, is a technique used to compare two versions of a marketing campaign to see which one performs better.
By randomly splitting your audience into two groups, you can test different variations of your campaign, such as headlines, calls to action, or images, and measure their impact on conversions.
A/B testing can be done using various tools, such as Google Optimize, VWO, or Optimizely. By analyzing the results of each test, you can identify the elements that have the most impact on your conversion rate and optimize your campaigns accordingly.
3. Conversion Rate Optimization
Conversion rate optimization (CRO) is the process of improving the conversion rate of your website or landing pages by optimizing various elements, such as headlines, calls to action, or forms.
By making small tweaks to these elements, you can increase the likelihood of visitors taking the desired action, such as filling out a form or making a purchase.
CRO can be done using tools like Crazy Egg, or Hotjar. By analyzing user behavior on your website, you can identify areas of friction and optimize them to improve the user experience and conversion rate.
Also read: What is Content Optimization & How to Do it?
Examples of how digital marketing analytics is applied
Digital marketing analytics can be used to increase ROI by identifying areas for optimization. Let’s take a look at some ways to use digital marketing analytics to increase ROI:
1. Identify high-performing campaigns
Use analytics to identify campaigns that are performing well and driving conversions. You can then allocate more resources to these campaigns to increase their impact and ROI.
For example, if you’re running a Facebook Ads campaign and notice that one ad set has a significantly higher conversion rate than the others, you can increase the budget for that ad set to drive more conversions.
2. Optimize campaigns
Use analytics to identify underperforming campaigns and optimize them for better results. Use A/B testing to test different messaging, ad copy, and landing pages to identify which variations perform best for your audience.
For example, if you notice that your email campaign has a low open rate, you can test different subject lines to see if that improves engagement. Or if you notice that your website’s landing page has a high bounce rate, you can test different variations of the page to see if you can improve engagement and conversions.
Use analytics to identify which devices, geographic locations, or demographics are driving the most conversions, and adjust your targeting to optimize campaigns for these high-converting segments.
3. Monitor and adjust spend
Monitor your Cost per Acquisition (CPA) and adjust bids to ensure that you are not overspending on campaigns that are not generating enough conversions.
For example, if you notice that one ad campaign is driving a high ROI, you can shift more of your budget to that campaign to increase overall ROI.
4. Personalize the customer experience
Use analytics to gain insights into customer behavior and preferences. This information can be used to personalize the customer experience and increase engagement and conversions.
For example, if you notice that a customer frequently visits certain pages on your website, you can use that information to create targeted content and promotions that are more likely to resonate with them.
Using retargeting campaigns to show personalized ads to customers and segmentation to deliver personalized emails based on customer behavior and preferences is more likely to deliver ROI.
5. Improve website performance
Use analytics to identify areas of your website that are causing user frustration or leading to high bounce rates. By improving the user experience, you can increase conversions and ROI.
For example, if you notice that users are frequently abandoning their shopping carts, you can analyze your checkout process to identify any roadblocks and make improvements to reduce cart abandonment rates.
How to build a career in digital marketing analytics?
Building a career in digital marketing analytics can be a great choice if you’re someone who loves data and wants to use it to help businesses succeed.
Here are a few steps you can take to get started:
1. Get training
First things first, you’ll need to learn the ins and outs of digital marketing analytics. There are plenty of courses and certifications available online that can help you get up to speed. Acadium, for example, offers a free course on marketing analytics that you can take to get started.
2. Gain practical experience
Learning the theory is important, but you’ll also need to gain practical experience working with real-world data. Consider taking on an internship or a marketing apprenticeship to get hands-on experience with digital marketing analytics. This will give you the chance to work with actual data sets and start building your skills.
3. Build a portfolio
As you gain experience, start building a portfolio of your work. This can include case studies, reports, and presentations that showcase your skills and the results you’ve achieved.
Networking is crucial in any industry, and digital marketing analytics is no exception. Attend industry events, connect with other professionals on LinkedIn, and join online communities to build your network and learn from others.
If you are serious about making a career in digital marketing, check out Acadium Plus. This one-of-a-kind marketing program involves access to exclusive courses, a personalized learning plan, and expert coaching that will get you hired full-time in a digital marketing role.
5. Stay up-to-date
Finally, it’s important to stay up-to-date with the latest trends and technologies in digital marketing analytics. Subscribe to industry publications, attend webinars, and take courses to continue expanding your knowledge and skills.
By following these steps, you can build a successful career in digital marketing analytics. It may take time and effort, but with the right skills and experience, you can become an expert in your field and help businesses achieve their goals.
Alisha spearheads content strategy for Acadium Blog. She has a background in digital marketing and an extensive experience in SEO and content marketing. Her entrepreneurial and creative side led her to open up an Etsy shop to help small businesses with their social media efforts. Connect with Alisha on LinkedIn.
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