Web analytics software provider 7 Billion
People has launched a new product designed to give marketers the information
they need to optimise their web sites and thus increase revenues and improve
customer loyalty.
MarketMaestro is a
behavioural analytics solution which analyses users' search and click patterns,
separating them into portrait types each of which will have its own buying
preferences, according to the firm's European manager Jon Cummins.
"In our analysis, marketing managers are swamped with data but they don't
know what to do with it," he argued. "We track the web clicks and interpret the
behaviour – people buy when they're emotionally ready and most sites completely
ignore this."
Mark Jordan, managing director of
StudentStore.co.uk said the
analytics tool has helped his firm discover that features such as how products
are flagged up on the homepage can have a significant effect on consumer buying
behaviour.
Consumers who fit a certain profile may prefer a notebook on the site to be
described as "most popular" rather than "best priced", he explained.
"We installed Google Analytics which told us the technical information but
more important is understanding how many people convert [and why]," Jordan
added. "From my standpoint as a business manager I don't want stats, I want
solutions."
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