This study material provides insights into marketing metrics and analysis. It covers topics such as user experience, accessibility, social listening, and quantitative review. The material also includes recommendations for Google merchandise store.
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Marketing metrics and analysis 1
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Table of Contents INTRODUCTION...........................................................................................................................3 Accessibility and user experience of Google merchandise store.................................................3 Marketing Channels:....................................................................................................................9 Customer segments:...................................................................................................................10 E commerce performance:.........................................................................................................10 CONCLUSION..............................................................................................................................13 .......................................................................................................................................................13 .......................................................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION It is important for company to conduct marketing review so that it gives insight to them about how customer are responding towards it. Also, it gives in depth details and analysis of experience of customer towards website. For business marketing is way of attracting and promoting goods and services. By doing marketing analysis trends and pattern of customer interaction is identified. Then, according changes are made into website. Furthermore, the metrics are set to measure data with it. Metrics are touch point where customer usually interact. However, the data is related ot reviews, profits, sales, etc which is obtained. In this report it will bedescribedaboutUXanduserexperienceofGooglemerchandisestore.Also, recommendations and strategies of future will be explained. Accessibility and user experience of Google merchandise store In any website the main thing metric is accessibility and user experience. Here, accessibility refer to how much easily user is able to access website and proceed with overall process of buying product. Besides this, it shows on which device website can be accessed and how fast and quickly. Similarly, UX is related to experience of user in entire process of buying the product. It state that interaction of user with company. Likewise, In Google merchandise store there is segregated version of all we pages in right hand side. The key word search appear at top making things easy to review. Within the website categorized option for menu present a variety of options divided into product name. This enables in user to visible it is easy way. They easily come back to home page and scroll it easily. However, user can easily access website on amy device which is either laptop, smart phone, desktop, etc in addition to it, website payment option allows user to select payment option and with help of 3D graphic map location can be easily identified. Apart from it, a wish list option allows user to look what products is added into it and by removing it selected items can be processed further. Similarly, there are many competitors of Google merchandise store. Thus, it is necessary to compare UX of their website. It is as follows FactorGooglemerchandise store AmazonComment Google searchAt the topAt the topIt is found that both companiesGoogle search is at top and home page opens at 3
first Google locationYesNoIt is observed that in Amazonthereisno locationofmap whereaainGoogle store location can be marked. Website page size2.8 mb3.5 mbAmazon page size is bogbecauseit consistsofmany things at home page ascomparedto Google store Sign upYesYesInbothcompanies there is need to sign up for user Social media linkYesNoGoogle offer link as it allows user to share it directlyonsocial media. Mobile friendlyYesYesBothcompanies website can be easily accessedonmobile andprovideGUI interface. Social listening review It is necessary to review and analyse marketing of products on social media. This is because it enables in gathering of data and finding out customer response to it. Social listening review is process of analysing that how customer interact with other and discuss about a brand or product
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in digital way. It is useful in finding out pain points of customer and then quickly responding it to their problems. Thus, by taking feedback it becomes easy to make changes in content and marketing. For that many technique are used. Social eWOM minimises anonymity as users are required to have social media accounts, so conversation can be tracked but on other handfalse claims on brand sentiment can be spread easily, though, social listening allows brands to track and engage in the conversation. Thus, social listening of website is done which state that first is merchandise store is that use of hashtag Google and clothes. Here, user shown images of design of clothes and how it is related to it. Besides that, it is evaluated that positive and negative sentiment are 45% which means there are many positive terms been used that are quality, design, attractive, effective etc which has resulted in creating positive image of brand. It shows how user experience is going in positive direction. But on contrary, negative term used are delay, cost, etc which state customer issues. There is maximum use of positive terms in it. However, influencer are those people who buy from website. Usually, those customers are sharing post who loves design of clothes. The tweets made in regards of this are user who purchase shoes from it.There are different marketing channel can be used by the organization to generate better result in market place. For example company an use digital marketing channel and offline marketing channel can be used by the company to attract people from both online and offline panel. Organization also can use online and offline business processes in order to generate higher benefits from the market place. Quantitative review It is important for Google merchandise store to do quantitative review so that it will enable in gaining insight about social listening and sentiment post on various social sites. Besides that, it provide detailed info about how much post are been shared, where etc Moreover, several elements such as emotional tone, feeling, etc of people can be identified. 5
Thus, it is evaluated that Google merchandise is able to generate revenue in many sessions. It is found that session time is increase and revenue as well. There were many products which was added to cart and it led to rise rise in profit. Also, ratio of cart to detail rate is increases. That shows how people are able to buy products after placing them in cart. From data it is found that most people detailed about product of you tube tee black and then the Google utility back pack. Besides it, data shows that source found is Google itself and other was organic. It has enabled in increasing sales of products and from Organic source of Google only. Moreover, there is rise in search of website. It is found that 61% revenue is generated from Neq York city only and rest from other cities.This not only allow company to know about effectiveness of its website but top positioning and ranking of the website also plays important role in attracting customers as highly ranked websites are preferred by users and customers. 7
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Recommendations for next one year for Google merchandise store There are different processes can be used by the business organization in order to improve various marketing operations that are performed by the business organization in target market. Fir the marketing process organization can use various process that can improve the performance 11
of the organization in market place. Marketing process is consists of various steps that can help the organization to implement different marketing strategy in the market place(McDonald and Wilson, 2016). These operations of the marketing department can be improved by making different changes in the marketing operation of the organization. These changes can be made in the organization process to generate higher results in the market places. There are various activities are performed by the organization that can be improved in order to generate higher benefits in market place. Organization can made various changes in different process to make proper development in the marketing operations. Organization can make changes in customer segmentations, user behaviour, allocation of advertisement budget, marketing budget and E-Commerce performance of organization in market place. These are some major considerations that can be used by the company to get higher benefits from market place. Each of these process can be targeted by the company to make developments in the marketing process to meet all standards that can help the organization to meet business goals of organization in market place. Company also can fulfil their targets with in time. Company can use different tools and techniques in the research process to collect market data in more effective way. These market research data can help marketing department to perform customer segmentation in effective way. Better data about the customers of organization can help the marketing department to develop better strategies that can help the organizationtotargetcustomersineffectivemanner.Bettersegmentationcanhelpthe organization to effectively execute their marketing plan in market place. There are some technology can be used by the organization to effectively collect data that can improvise the operations of the marketing department to get higher success in market place. To improvise marketing process organization need to the implement various changes in the marketing process to know more personal details of customers(Gilligan and Lowe, 2018). Company can use various technology to get better over view of customer behaviour in order to generatebetterresultwithmarketingprocess.Thisishighlydifficultforthebusiness organization to make various changes in the operations process to keep track the actions of the customer to develop changes in the organizational actions in order to generate higher benefits from the market place. For example technologies like Radio Frequency Identification technology can be used by the organization to track the activities of the organization in market place. RFID technology can help organization to track the activities of the customer and various internet
technologies can be used by the organization to develop better data base about the organization. Customer data base can be used by the company to get better reviews about the company. This customer data can be used by the organization to develop marketing plan as per the needs of customer. By targeting the customers in effective manner organization can develop better marketing process to attract more people to use the products and services of the organization. Customer buying process can help the organization to develop various process which are attractive for the company. Advertisement is one of the most important part of the organization. Marketing process is developed by the marketing department in order to make people aware of the products and services of the organization in the market place. This is most important for the business organization to develop better advertisement that can help the company to attract customer in effective way. Company can develop better advertisement company needs higher budget. High budget can help the organization to effectively make positive impact on the customers(Naseri and Noruzi, 2018). This is how advertisement can help the organization to generate high effective revenue from market place. There are different marketing channel can be used by the organization to generate better result in market place. For example company an use digital marketing channel and offline marketing channel can be used by the company to attract people from both online and offline panel. Organization also can use online and offline business processes in order to generate higher benefits from the market place. This how different processes and methods can be used by the organization to improve their business operations and profit in market. company can implement various strategic and management changes can be used by the organization to improve the marketing operations in global market. Allocation of advertising budget: Advertising budget decide that how much money they have for the promotional activity. Company must form such strategies for their advertisement that with minimum budget they should target high level of audience. Google merchandise store is recommended to apply objective and task based strategy according to which they should allocate advertising budget. Google merchandise store not only sell single product it deals with many different product so to target wide audience they should allocate their advertisement budget very properly like target those market which are in want of such type of product which they develop. They should also know which type of media they should use for advertising their product like Instagram, 13
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Facebook etc. Google merchandise store is recommended to apply objective and task based strategy according to which they should allocate advertising budget. User Behavior: User behavior contains so much of thing under it as user behavior will only make you understand that which type of product you should sell in particular target. Different users have different taste and preference. Google merchandise store should deeply work over strategy which is known as addressing need of user, if they understand it they will able to get solution of making their product more visible to audience and will also make users to purchase their product. It is fact that behavior of user is different but their behavior are mostly affected by the way they are living, so Google merchandise store can understand that their store consist different products like Life style products, Stationary product so they must understand that which type of users they are looking for. User behavior can be understand by knowing their life style, also by understanding their lifecycle and it will make you know that which type of product company must make. Marketing Channels: In today’sworld, thereare many companies who are focusing more on onlinesales. Because, businesses have to create some new marketing strategies so as to attract more customers for relying on an online purchase. Further, companies should follow such recommendations that are the company need tofocus on its advertising, feeling, customers and the challenges for the online use.Recommendation for Google merchandise is that they should apply social marketing channels as it is a simple and attractive for getting customers. Nowadays customers are focusing more on the brands before purchasing. In this context, the way for brandthrough which it gets its image is through social media. So, by using social media the brand is connecting will connect with more number of customers.Company should use different marketing channels, because one marketing channels cannot attract large number of people as it is not necessary that they are using that channels or they are active over it. So Google merchandise store is recommended to use different marketing channels so that they can attract large number of people. Customer segments: Customer segments are one of the best ways for Google merchandise store as they deal with different type of product. If they will understand their customers then they will easily make segments of them like putting same taste and preference customer in one segment and other in different segment which will make things very easy for them as they will understand demand
much better and in clear way. So Google Merchandise is recommended to use behavioral customer segmentation as it directly connects product with customer and also company knows that Customer make Customer is also a marketing strategy because when company makes one loyal customer than such customer will tell other customer and put companies’ product in their mind also. Customer segment depend upon living standard, financial condition and also the main thing which is called place. Place is that thing which shows culture and religion of people and according to that customer segment can be done. E commerce performance: Google Merchandise store should started making its business decision based on the Ecommerce metrics. With the help of which the managers can easily came to know about the performance level of each store and also which store needs to push to work more. Here are some ecommerce metrics which the company should follow for increasing its ecommerce websites these are sales conversionrate,emailmarketing,averageordervalue,customeracquisitioncost,etc. Furthermore, such metrics will help in measuring the performance for each and every store so that the manager can come to know about it easily.In this regards, manager will easily gain the performance level of each who are working in the company. Other Strategic development based on finding On the basis of above discussion and analysis here it can be recommended that advertising budget Google Merchandise Store should be increased. This will increase the possibility of increased advertisement and budget is an essential requirement in carrying out activities for advertisement. Advertisement for Google Merchandise Store is limited and this is why the performance of the Google Merchandise Store is also limited. In order to increase advertisement on several channels and through different mediums budget is important. Regarding budget and its allocation for the advertisement of Google Merchandise Store it can be said that budget needs to be allocated for advertisement after analysing return on investment (Zia and Rao, 2019). This is important because budget allocated for advertisement is a form of investment which is clearly based on return because only objective of this is to attract as much possible customers. Return on investment analysis will help in determination of budget to be allocated. Some of the factors which are required to be considered while allocating budget for advertisement are sales forecast, sales in terms of unit and in terms of customers, territories and 15
product line and also according to capability of the company to sell. Affordability of the company is also important as budget of the company over its advertisement gets significantly affected by the affordability of the company. Level of competition and quality of the campaign are another factors for consideration. This is because these things determine what value company wants to build in minds of its customers regarding their offerings and products. UserbehaviourregardingGoogleMerchandiseStoreisalsoaneffectivewayto understand efficiency of the products being offered by the Google. User behaviour means the way in which users interact with product. User behaviour can be analysed through various forms and this will help in designing marketing strategies for Google Merchandise Store. Positive and expected behaviour of users suggests that current marketing strategy is useful and this is why they can continue with their existing marketing strategy. On the basis of user behaviour company can also take decision regarding customer segments and their targeting (Tan, 2016). This will help in accurate targeting as user behaviour will clarify which segment of customers is more active with the Google Merchandise Store and late on this basis Google Merchandise Store will be able to accurately target its customer segments. For example if customers from Asia are more active with Google Merchandise Store then currently Google Merchandise Store can target them as their customer segment. This will increase and strengthen position of Google Merchandise Store in selected customer segments and this will also open opportunities for other customer segments. This is why it is recommended that user behaviour and targeting of accurate customer segments will make significant contribution in success of marketing of Google Merchandise Store. Search engine ranking means what is the rank and where the website or the page is ranked on the various search engines. This refers to the position of the website and for positive results of the marketing this position should be on top level. This not only allow company to know about effectiveness of its website but top positioning and ranking of the website also plays important role in attracting customers as highly ranked websites are preferred by users and customers (Luh, Yang and Huang, 2016). This is more important for Google Merchandise Store as its business and effectiveness is visible only through its website. This is why Google Merchandise Store should also focus on improving its search engine ranking in order to improve its effectiveness and its attractiveness.
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Marketingchannelsareanotherimportantelementofmarketing.Effectivenessof marketingsignificantlydependsontheselectionofmarketingchannelbythecompany. Marketing channel are those platforms through which business communicates to its customer and potential customers. Marketing channels are divided in two parts which are traditional and modern marketing channels. Traditional marketing channels are television, print advertisements and modern marketing channels are social media and digital media advertisements. Presently social media advertisements are being highly used because of their ability to target accurate customer and also because of its potential to increase visibility of the product and company. Social media marketing can also allow company to measure its performance and success of marketing efforts because these channels can get instant reaction of potential customers of the company. Another benefit of social media marketing is that company can directly communicate with its potential customers and customers and this also helps in identifying and understanding behaviour and perception of those towards the product and the company (Key, 2017). Google MerchandiseStorecanapplyandincreasetheirmarketingeffortsthroughsocialmedia marketing because this will allow it to get instant results for its marketing efforts. Though social media and digital media marketing is being increasingly used by the company this does not reduce the value of traditional marketing channels as they are still able to communicate with mass audience in single attempt. Here it is recommended that company should do 360 marketing which can bring most effective results of the marketing. In this company can also utilise its budget wisely because social media marketing is less costly and company can allocate higher budget for television marketing. E-commerce performance is another matter of recommendation because this is very important for Google Merchandise Store as its nature is also E-commerce. Marketing includes considering all the relevant aspects of the product and service being sold by the company. E- commerce performance is important as Google Merchandise Store is selling its products through E-commerce mediums and its website is its distribution place and this is why its performance is significant element of marketing of the Google Merchandise Store (Macchion and et.al., 2017). There are several matrix through which Google Merchandise Store can identify and analyse its E-commerce performance and performance indicators are repeat visit, bounce rate, time to purchaseetc.GoogleMerchandiseStorecanimproveitsperformancethroughperfectly 17
organising its website and giving all the required and expected information about the products and using high quality of product image. CONCLUSION Fromabovereportitissummarizedthatmarketingmetricsenableinanalyzingpeople experience and how they interacted with company. It provide crucial data about it and change are madein website, Googlemerchandisestore competitorisAmazon.The companysocial listening review consist of positive terms as compared to negative one. However, the sales of store is less as compared to Amazon. From data it is found that there is rise in session time and revenue. Moreover, revenue generated from New York city is highest. There are several suggestions which can be followed by company that is improving customer segment, enhancing user experience, marketing channels and other. This will enable business to generate more revenue from website and in various cities.
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Sydney-Hilton, E. and Vila-Lopez, N., 2019. Are marketing strategies correlated with financial outputs? A longitudinal study.Journal of Business & Industrial Marketing. Tan, F.L.P., 2016.Beyond reading in reading rooms: an ethnographic approach to user behaviour in reference spaces(Doctoral dissertation). Zia,M.andRao,R.C.,2019.Searchadvertising:Budgetallocationacrosssearch engines.Marketing Science.38(6). pp.1023-1037.