Solutions Guide
Coremetrics Online Analytics Solution Guide The online channel represents the single richest source of information about customer behavior available to marketers today. Imagine a customer who picks up a shirt to take a closer look in a store, who spends time browsing through a credit card offer sent via mail, or who inquires about a travel package through a call center. Each of these moments represent an opportunity to gain insight into customer behavior, but brick and mortar businesses have always faced challenges in capturing this information about customers, much less capitalizing on it. With Coremetrics, you can do just that. Coremetrics provides the first industry specific application for capturing, storing and analyzing, and acting on comprehensive data about actions that visitors take on your web site. Coremetrics Online Analytics, a key component of the Coremetrics solution suite, leverages this rich data to deliver analytical applications that empower eBusinesses with the insight necessary to successfully manage online initiatives. More importantly, by leveraging industry specific templates combined with flexible reporting, organizations can focus on business goals rather than solution implementation, and generate rapid ROI from their analytical investments. What channels deliver high value customers to your site? Who utilizes your site content and tools? Are you offering the right product mix to visitors? Coremetrics Online Analytics goes one step beyond traditional web reporting tools, allowing you to understand not just how your site performs, but more importantly who your key visitors are and how they interact with your brand. Through ad-hoc profile mining tools, Coremetrics allows organizations to identify and target high value customers, focusing on relationship management rather than just maximizing conversion. As the foundation of Coremetrics digital marketing optimization solution, this document details the key benefits of the Coremetrics Online Analytics. As the leading web analytics provider for over 1,100 online brands, we invite you to learn more about our services. Isnt it time you got to know your customer?
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Table of Contents
Digital Marketing Optimization More Comprehensive Data Analysis: The LIVE Profile Difference Best-in-class User Interface Industry Benchmarking with LIVEmark Monitoring Online Business Performance Acquiring High Value Customers Maximizing the Value of Page Content, Real Estate, and Site Design Optimizing Product Mix and Promotion Increasing Conversion with Site Search Understand and Optimize Conversion for Any Site Event Streamlining Key Site Processes and Paths Tailored Analytics to Deliver Strategic Business Advantage Building a Cross Channel Profile of the Customer Industry Leading Services Accelerate and Increase Return
Coremetrics provides extremely detailed analysis of our customers online behavior, delivering insights that help us improve the online shopping experience and run our web site more effectively.
Vice President of New Media, Victorias Secret
behavior data, rather than discarding it, Coremetrics LIVE Profiles represent an extensible data asset that can deliver on enterprise data integration and personalization needs as your organizational needs grow beyond analytics.
Virtual Analyst
Coremetrics is the only vendor to provide comprehensive guided analytics throughout the application to ensure rapid adoption and ROI from your Coremetrics investment. With a library of more than 300 best practices ranging from processes to optimize keyword buys or to perform an A/B test, the shared experience of Coremetrics clients and analysts is brought to bear in Coremetrics Virtual Analyst which provides contextual advice directly to the business user.
Intuitive Discovery
Page metrics tell only half the story; true site optimization requires understanding how customer behavior relates to actions. Coremetrics LIVE Profiles approach provides comprehensive customerfocused analytics for the actions individuals take. Using Coremetrics Zoom business users can drill into any element within the interface and view a profile of the population of visitors who clicked on a marketing link, used a specific search term, or viewed a particular page. More importantly, Coremetrics Zoom reporting is updated continuously, enabling immediate insight without the need to rely on complex page tagging solutions or a separate optional data warehouse.
LIVEmark delivers benchmark metrics that are consistent with our key performance indicators, allowing us to take action on industry data rather than questioning how to interpret it.
Director of e-Commerce Marketing, PETCO
Actionable Information
LIVEmark moves beyond mere technical reporting to deliver benchmark data for the KPIs relevant to your business. Built specifically for online businesses, the LIVEmark benchmark delivers key metrics regarding conversion effectiveness, site stickiness, shopping trends, on-site search, and sources of traffic. More importantly, all metrics are defined with consistent business logic within Coremetrics Online Analytics, making comparisons immediately valid to the data residing in your analytics application.
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Insight gained from Coremetrics helped us reprioritize our web site development queue, saving two and a half months of IT time.
Vice President E-Commerce, Eddie Bauer
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Features
Home Page Configurable KPI Dashboards Comparison, trending, and target data upload TopLine Comprehensive summary reporting for site-wide page view, browsing, conversion, and revenue metrics Session reporting to identify site traffic patterns Conversion Dashboards Session based reporting on visitor, browser, selection, and transaction conversion Visitor based reporting on sitewide conversion and customer loyalty metrics Multi-Site Reporting Roll-up of online activity by brand, geography, or line of business Technical Properties Comprehensive browser, operating system, and demographic information captured from the browser Activity Atlas Geo-locational reporting Real Time Monitor Highly configurable Flashbase dashboard providing current KPIs Choose from various metrics to display in different modules including trending, gauge, and bar graph Support for RSS feeds Action Ready Reports Microsoft Excel Notebook of standard executive-level reports for offline analysis Comparison, on-site and natural search performance, visitor conversion, geographic reports
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With Coremetrics, our team can analyze the ROI of all our campaigns in a single interface and understand which campaigns drive sales. Our team can now allocate resources to top performers and increase our revenue.
Webmaster, Ace Mart
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Features
Segmentation Segment visitors by first-time acquisition, referral source, or campaign acquisition Channel Summary User-defined channel rollup, trending, and drill down Marketing Programs Group campaign links into vendor, category, placement, and items Marketing Zoom Drill into any marketing element to understand the profile of visitors acquired by that campaign Natural Search Comprehensive organic search reporting tied to conversion Referring Sites Tracking of sites, which refer visitors by domain name Advanced Campaigns Measure campaign response over multiple sources of influence Campaign Integration Unified reporting interface Configurable attribution windows to match vendor agreements Autosensed links to automatically configure campaign names without back-end integration Marketing API to upload cost, impression, open rate, and offline transaction data Industry leading partnerships Flexible Marketing Attribution Attribute conversion to same session, first, last, or all marketing influences over a client defined time window
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Maximizing the Value of Page Content, Real Estate, and Site Design
Site content and features are essential tools for assisting visitors through the research and selection process. Informational pages and product reviews can serve to drive interest, whereas product comparison or guided selling tools simplify and accelerate choices for visitors. In-page promotions also represent a valuable opportunity to deliver timely offerings when visitors are browsing the home page or key category pages. Intra-page technologies such as portals, Ajax, Flex and Flash provide a richer and more streamlined site experience for your visitors. Each of these site elements represent a unique chance to interact with the customer, requiring testing of page content, versions, real estate value, and promotional creative. Coremetrics Content Analysis provides a complete module of diagnostic reports to enable site owners to understand content usage and conversion influence, as well as lifetime behavior of content users. With this information, managers can optimize investments in site content to increase site stickiness and drive return visits. More importantly, through profile mining, analysts can gain a greater understanding of content users, including their product and cross-content affinities. Using this detailed behavioral information, organizations can develop new content strategies to more fully address visitor interests, driving increased customer satisfaction and customer value.
Using Coremetrics Online Analytics, we learned that Product Compare users represented a key customer group for us, kicking off an initiative to improve access to that function. Through these changes, Coremetrics helped us increase annualized revenues by $2.2mm.
Director of eCommerce, CompUSA
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Features
Segmentation Segment on pages or categories browsed Top Pages Browsed Entry Departure Content Categories Organize site content and tools for rapid analysis Page Zoom Profile content viewers and trend behaviors over time LIVEview Graphical, in-browser analytics overlay Real Estate Track page, version, area, and link performance Site Promotions Track promotional links across multiple pages Link Analysis Identify lifetime behaviors of promotional responders Campaign Integration Links are automatically detected without tag maintenance Impression Tracking Automatically capture impressions served from promotional content Elements Reporting Track visitor behavior around intra-page activities to understand value of these elements to your business
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Using Coremetrics to help us intelligently deploy cross sell offerings throughout our site by leveraging historical customer purchase behavior, we expect to generate more than $3mm of additional annual revenues.
eCommerce Marketing Manager, Northern Tool
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Features
Segmentation Segment visitors based on browsing, abandonment, conversion and purchase behavior at the item or category level Merchandising Categories Organize products into categories that match navigational categories on your site for intuitive analysis Virtual categories track promotional categories or site tool impact on product sales Client defined to achieve the level of analysis appropriate for your business Merchandising Zoom Identify sources of acquisition for visitors that viewed or transacted specific categories or products Identify site search terms that drove visitors to specific products Identify commonly cross sold items for specific products Top Items Browsed Identify popular items and plan promotions accordingly Top Items Abandoned Identify frequently abandoned products and take corrective action Cross Sell Identify top cross-sold items over buyer lifetime Enterprise Product Report Map product performance back to a single category to correlate to internal organization Import offline data such as call center sales, inventory, or margin Bookings Report Attribute based report that offers travel providers a view of their products filtered by key attributes
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Optimize Bookings
Travel providers that operate online have special needs regarding understand their products and services. The nature of their product is highly complex, andrather than being based on SKUsis based on various attributes of their offering, e.g. room size, seat class. Moreover, travel providers often manage multiple geographic and branded sites all of which may offer the same product. With this in mind, Coremetrics developed an attribute based report that provides organizations in the travel industry with a view of their offerings filtered by attributes. This unique flexibility has many purposes. For example, a online hotelier can have a view of the geographic source of bookings for a given property. For example, they may find that their German site initiates a lot of bookings for a specific property in San Francisco, CA, but has a very low conversion rate. With this information, they may examine the competitive pricing of San Francisco hotel properties in the German market.
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Using the Coremetrics On-Site Search Intelligence Report to fine-tune our site search results, we increased search conversions 82%. Coremetrics analytics delivered a multimillion dollar revenue boost to our company.
Director of Online Operations & Merchandising, FootSmart.com
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Features
On-Site Search Comprehensive search results Search frequency, conversion, and results returned metrics On-Site Search Zoom Similar search terms match searches that are similar to a given term to identify issues with plurality, misspelling, and stemming Cross-searched terms correlate a search term with other terms searched for by a visitor in session to identify cross sell opportunities Top Items identify what users of a specific search term transacted to understand which results would be most relevant to serve for a given term
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Features
Conversion Events Track and report on multiple non-commerce conversion events on your site Understand relative value of various conversion events by assigning points to reflect weighted value
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Coremetrics reporting interface is extremely intuitive, and our team leverages the detailed clickstream analysis to ensure that we display our merchandise intuitively and meet our customers online needs.
Director of Web Merchandising, Restoration Hardware
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Features
TruePath In-browser path setup enables user to define the path while browsing their own site Arbitrary step definition consisting of any page or group of pages Optional steps allow visitors to take alternate paths to completion Unlimited pathing provides limitless number of steps for complex paths Historical lookback to examine paths for historical time periods TruePath Summary provides an overview report of all defined paths TruePath Analysis provides comprehensive visualization and metrics for defined paths Clickstream User-defined start page Conversion pathing with Buyers and Sales Revenue at every clickstream node Drill down to departure allows users to follow the complete clickstream path through any site process Click-to and Click-from allows users to trace pathing forwards or backwards Clickstream by segment shows the navigation paths of any ad hoc segment Forms Experience and usability metrics for key site forms Form Zoom Detailed form field usage and abandonment metrics
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Coremetrics multichannel data is immediately actionable and drives optimization of our marketing strategy.
Vice President of eCommerce, Select Comfort
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Coremetrics combines the premier behavioral analysis and segmentation tools with superb customer service...
Forrester Research
Implementation Support
Your relationship with Coremetrics begins with the support of an assigned implementation engineer. Implementation engineers are experienced technical guides that have supported the implementation of Coremetrics on the webs largest sites. In addition to guiding you through your implementation, your implementation engineer remains an assigned resource to support any new implementation needs or modifications throughout the history of your relationship with Coremetrics. Implementation engineers also work with Coremetrics custom report developers to deploy specific reports for your organization as your analytical needs evolve.
Business Analysts
As part of your relationship with Coremetrics, you will be assigned to an experienced business analyst who is responsible to fully understand the specific goals and challenges of your online business. Coremetrics business analysts are measured on their ability to demonstrate positive ROI for clients, and you will benefit from their arsenal of insights, case studies, and analyses. Coremetrics business analysts have helped clients draw additional concrete insights out of their online data, leading to dramatic increases in revenue, conversion rates, and marketing effectiveness. Similarly, he or she will work with your team to identify problem areas, create relevant analyses, and develop a specific action plan for making constant improvements to all aspects of your online channel. In addition, your business analyst partners with another assigned Coremetrics resource, your account executive, who will strategize with senior-level executives in the eCommerce, marketing, and merchandising arms of your business to ensure that your crossfunctional business objectives are met. Leveraging the expertise they gain from working with other leading eBusinesses, Coremetrics business analysts and account executives bring to bear the collective experience of the industry leading Coremetrics customer base. business analysts recommend and help execute key high-impact analyses for their clients, and proactively offer business insights that address specific, tactical adjustments that clients can leverage to increase online performance.
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Online Support
The Coremetrics support site, located at https://support.coremetrics.com, contains a wealth of information organized for the functional groups within your company that will be using Coremetrics applications. Specific information is available for each report area within Coremetrics, as well as training materials, frequently asked questions (FAQs), implementation guides, and cases study samples.
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Coremetrics, Inc. 1840 Gateway Drive Suite 320 San Mateo, CA 94044 1.877.721.2673 www.coremetrics.com
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