Analytics are one of those things that can easily feel intimidating and so we avoid dealing with them. When we avoid them, we miss out on so much important information that could improve our business and make our efforts more efficient. That’s why we are breaking analytics down into three easy to digest categories that will take fear out of the equation and set you up to be more successful.
The first type of analytics to pay attention to are on your website. Setting up Google Analytics on your website is always a good idea. The data you can gather here include who your visitors are, where they are coming from, and how long they are staying on your site. All very valuable when trying to decide what kind of content to publish on your site. It is really easy to set up and a great way to start measuring your digital marketing success.
You can also take a look at your SEO statistics (for both your site and your blog posts) and make adjustments to show up higher in a Google search. With IXACT Contact, all the pages on our agent websites and our pre-written agent blog posts are SEO optimized. Not only does this take some of the work off your plate, but it also allows you to see how your custom content is performing in relation to them.
Social Media Analytics
Checking out the analytics of all your social media accounts is extremely important but frequently forgotten. If you have spent the time and money to have content going out regularly, you want to know what it is doing for you! On Facebook, you can find the data for your page by clicking on the “Insights”. Here, you can find how many people engaged with your posts (liked, commented, or clicked), the demographics of your followers, and the days and times most of your followers are online.
On Twitter, the data for your account is found under the dropdown menu, then just click “Twitter Analytics”. Here, you can see a snapshot of your accounts overall performance, or dig down to see what your top tweets have been or who your followers are. LinkedIn also provides an Analytics tab when you are on the company page you manage. Instagram also provides some data now, but it more limited. You have to go to the individual post on your mobile device and tap on “Insights”. It then gives you all the data for engagement and reach on that post. Currently, Instagram doesn’t provide overall account analytics.
So what do you do with all this information once you have it? Pay attention to posts that are performing much better than others. Is the common thread a time of day? A specific type of content? Make note, and then adjust your strategy accordingly. If you use Social Stream, an IXACT Contact add-on, this process is really easy. Posts in the evening performing better than morning ones? Just change your Social Stream schedule so all posts go out in the evening. Content about gardening not doing well, but home renovations are great? Select different content categories in your Social Stream to reflect the interests your analytics say your followers have. These changes don’t have to take much time, but they can have a huge impact on the success of your social media marketing efforts.
Email Marketing Analytics
You know by now that email marketing is vitally important to your real estate business, but how are you making sure you are doing it right? That’s right, analytics. There are a few simple metrics that you should be paying attention to whenever you send out an email campaign. The first is Open Rate. How many people actually opened up the email you sent? If it is less than 10%, this is a good indication that you need to change up your subject lines or your send times. The second stat to pay attention to is Clickthrough Rate. Why does this matter? Well, opening an email doesn’t help a whole lot if no one cares about the content within it! You want to know that you are putting together compelling content that is encouraging people to follow through on your Call to Action – whatever that might have been.
Those clickthroughs are where you really get the bang for your buck, so you want to know if you need to be changing your approach. If you have a 2% or higher clickthrough rate then you are doing great! Below that, you have some room for improvement. The last metrics you want to pay attention to are Bounce Rate and Unsubscribe Rate. Both of these will indicate the health of your email lists. If you are getting very high bounce rates (over 2%) or very high unsubscribe rates (higher than 1%), then it may be time to clean out your database. High Unsubscribe Rates are also an alert that you may be sending to your contacts too often or you aren’t providing enough value in the emails you send.
Don’t let those email statistics overwhelm you – if one of them isn’t where you would like it to be, knowing it gives you the chance to improve. And where do you find all of this data? In IXACT Contact, we have conveniently built it into the Mass Email section under the “Campaign Reporting” tab. There, you can see all of the metrics mentioned above for each email you have sent. It doesn’t get any simpler than that!
Analytics don’t have to be daunting. With a little understanding and a small amount of time, you can use them to make all of your digital marketing efforts far more productive. You work hard on your business, you should know if parts aren’t working for you. And when you use a CRM like IXACT Contact finding those analytics and making changes is even simpler.
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