Monday, July 8, 2013

VisiStat Uses Advanced Analytics to Gain Customers


           Google Analytics is a powerful free tool that offers a substantial analytics package that is sufficient for most businesses.  However, one area that Google Analytics comes up short in is lead generations.  Why does this matter?  Well, for most businesses, understanding who your customer is and where you can reach them is of critical importance.  Yet, there is often the gap of who the customer is and how to reach them. 
While Google Analytics paints half the picture, there are paid web-based retailers that take web analytics one step further and help companies identify prospective customers and provide the tools to reach them. This post will explore one of these online retailers—VisiStat—and uncover what techniques the company is using, how they are using the data they collect, and insights into what other information and metrics they could be using to improve their overall analytics offerings.

VisiStat “is a cloud-based webanalytics/customer intelligence platform that captures complex analytical datain real-time, and simplifies it specifically for small and medium-sizedbusinesses enabling well-informed business decisions that maximize onlinemarketing effectiveness and increase sales opportunities”.  VisiStat makes it easy for any business to implement with a simple tracking code that is installed on a company’s website. The design interface and dashboard is easy to navigate and has won industry praise for its simplicity and design. 

Once installed, VisiStat offers a myriad of tools, including standard metrics found on Google Analytics.  In addition to being able to track users, page visits, geo mapping, and other metrics found on Google Analytics, VisiStat then goes above and beyond with several advanced analytics tools.  “VisiStat seems to provide just the rightlevel of data on a site's traffic. Its main reports are graphical and easy toread. You get good information on traffic and where it comes from (bothgeographically and from which referral sites) and also excellent data on whichsearch terms are leading people to your site”.  Here is a look at what VisiStat offers on its website:

In addition to standard website analytics, VisiStat is able to use click-tracking to see where customers are going on a page and how they are interacting with a website.  This lets a business see if customers are using the website how it was intended/designed for, or if there are flaws that need to be addressed. It also helps identify the quality of the leads generated by allowing a company to prioritize leads to pursue based on time spent on the website, pages visited, or offers downloaded. The software also has the ability to report users in real-time (Google Analytics has a four hour delay); “Livesite monitoring sets this service apart from the competition. In this pricerange you'll find no other solution that shows you who is on your site rightnow and what they're doing. VisiStat has also added the ability to track useridentity on sites that require authentication, letting you record friendlyaccount names rather than IP addresses”.  

This segues into the VisiStat’s main competitive advantage over Google Analytics—lead generation.  VisiStat is able to go beyond basic metrics and conversion funnels by identifying who users are, how they are using the site/what they are interested in, and allowing you to sync that up with a customer relationship management software program like Salesforce in order to make contact and increase ROI. “The Live Leadsreport in the Lead Capture (aka LeadCaster) tool tells you who is visiting yoursite right now. Not only will the Live Leads report show you the visitor’s IPaddress, but integration with Salesforce’s Jigsaw business database pulls inbusiness details as well – including business name, website, address andcontact information for individual employees”.  Here is what the lead generator screen looks like:

            VisiStat’s lead generation tools collect several pieces of user information and put them together in easy to read reports that sync up with CRM software for maximum efficiency.  For example, if someone visited VisiStat, the company could see how they used the website, how long they were there, what IP address they came from, use the “jigsaw” generator to cross reference companies and provide contact information, then rank the leads in terms of prospects by company size, geographic location, or sales volume.  All of this information also syncs up with the company’s conversion funnel and ad campaigns virtually rendering Google Analytics as unnecessary and insufficient. 

            “The combination of live trafficmonitoring and alerting can turn your Web site into a live market-research toolfor your business. Set an alert on a specific page that will notify you whensomeone visits that page, log in to VisiStat to see who visited and what theywere looking for, and then follow up directly to see if visitors have any questions”.  This level of integration comes at a price—VisiStat is about $250 a month (while Google Analytics is free), but VisiStat offers so much more and if even just a few leads a month pan out, it is money well spent.  VisiStat allows companies to integrate all of their web analytics and lead generation into one seamless tool that is easy to use and easy to prove ROI.  

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