Well most of the bugs are out of the new Multi-Channel funnels in Google Analytics so I thought it was time for me to write a post about it and share some of my expeiences. First of all I have to say that the new features, which has finally made its way across from Adwords is a fantastic addition to Google Analytics. We now have a very clear view of what areas of our marketing efforts are actually contributing to conversions.
First of all I will explain what a conversion path is. The most simple way to explain this is just to use the basic chart out of Google Analytics. As you can see, all of the interactions leading up to the conversion are now stored within Google analytics and even if the source/medium/campaign does not get the last interaction conversion it is now awarded the assisted conversion. This means that many of the traffic acquisition funnels are now being heralded for all of the new customers they are introducing to the brand, which were previously missed.
This leads to some very powerful analyses to see which conversion parts are interacting with other conversion paths. This leads to one of my favourite charts, the humble Venn diagram. As you can see below, it is now very easy to see which conversion paths interact with others.
As you can see in this example, there is a very big overlap between paid and organic search. The area of organic which is mutually exclusive to paid is a very important area as these are most likely the punters that don’t trust ads and need to be acquired via SEO.
Some other interesting analyses are the impact of social media on customer acquisition which has now been made a great deal easier. It is still not perfect, but you can now get a much better idea of how you social efforts are impacting your bottom line by selecting social media along with other key converting channels like SEM & SEO.
There are still a few issues with filtering and multi-channel analytics but I’m sure that these will be sorted out over the coming weeks.
So the question I pose to you all is what insights have you found for your clients by performing multi-channel analysis in Google Analytics?