šŸ’¾ Badly Broken

What is really being tracked, anyway?

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šŸ“¢ TOP STORY

I feel the Earth move under my feet. I feel the sky tumbling down

We all know that Carole King was talking about being swept off her feet by love when she sang those lyrics. But itā€™s also a pretty accurate description of how a lot of marketers are feeling at the moment. Thatā€™s because the data landscape continues to shift. And itā€™s destabilizing what we used to think of as solid ground.

Juan Mendoza at MarTech is arguing that web analytics is badly broken. After a quarter century of unrestricted access to customer data, Big Tech and government regulators are making moves that have sent the pendulum swinging in the opposite direction. He laments the loss of the kind of certainty that allowed e-commerce teams to make hiring and firing decisions based on their Google Analytics dashboards. But goes on to say that itā€™s not all doom and gloom.

Thereā€™s no denying the chaotic influence of the changes that are taking place as everybody from Google to Apple to the European Union tries to establish a balance between privacy protections and economic opportunity. Still, innovation is happening. Some vendors are building privacy-focused web analytics packages. Others are leaning into first-party data.

Web analytics as we used to know it is broken due to a reduction in the data available to collect and uncertainty over the best path forward. But with change comes opportunity. Perhaps the next wave will be driven by finesse and reworking our ability to trust our analytics, not technology alone. 

Thatā€™s why Iā€™m excited to invite you to a webinar Iā€™m hosting next week called ā€œConfession: I've Been Doing Measurement Wrong And You Probably Are Too.ā€ If you want to hear about my journey of dealing with broken analytics and the steps Iā€™ve taken to make it a strength for DDU in 2024, you can register here.

šŸ¤ LIVE TRAINING OPPORTUNITY

Three Reasons Why I've Been Doing Measurement Wrong And You Probably Are Too

Is it just me, or does every analytics tool seem to be focused more on features for billion-dollar enterprises who spend tons on ads than the average small business just trying to eke out a living online?

When I first launched Data Driven U, I made the mistake of trying to apply the same measurement strategies I used for fortune 500 companies to my own business. Boy was that an expensive mistake that cost me months of wasted time with little to show for it. 

Over the years, Iā€™ve tried to find the right framework to implement, and even created my own to varying levels of success and clarity. But it wasnā€™t until I started my podcast with Chris ā€œMercerā€ Mercer that I realized I was doing it all wrong.

Thatā€™s why Iā€™m happy to let you know that Iā€™ve invited Mercer to join me on a webinar next week to talk about how measurement is broken for small businesses, and how you can implement a proven framework that will make everything clear for you moving forward. It all takes place next Wednesday, January 24th, at 1 PM EST.

šŸ“° THREE HEADLINES

šŸ‘® Does Google Know Something We Donā€™t About a 2024 Black Swan Event?

If youā€™ve ever advertised with Google, you might have received an email yesterday. It began by stating that Google will update its inappropriate content policy to clarify the definition of sensitive events.

Google has established itself as the arbiter of truth in the digital age. So, it's worth a closer look when it changes the rules around what information can be censored in a sensitive event scenario.

šŸ’ø E-commerce Conversion Rate Benchmarks ā€“ 2024 Update

Conversion rate is the top choice of KPIs for evaluating the effectiveness of e-commerce sites. Naturally, site managers want to know how their conversion rates stack up. 

But, as consumer and business confidence falls, itā€™s more important than ever to audit and optimize marketing success metrics. Check out the best free industry sources focused on retail e-commerce conversion.

šŸ¤„ AI-Powered Misinformation is the Worldā€™s Biggest Short-Term Threat, Davos Report Says

As CEOs, experts, industry leaders, and policymakers get ready to descend on Davos, the World Economic Forum has released its latest Global Risks Report. 

It warns that misinformation and disinformation pose the most severe risk to the global economy over the next two years. The report highlights how rapid advances in technology are creating new problems and making existing ones worse.

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šŸ§µ THREADS

šŸ¤æ DEEP DIVE

Heisenberg or Hindenburg: Conversion Rate Optimization Misconceptions That Can Cause You to Crash and Burn

Conversion Rate Optimization (CRO) has quickly become a hot topic in digital marketing. But that comes with both pros and cons. Youā€™ve probably seen the clickbait offering you a glimpse at an amazing case study that will show you how to achieve phenomenal increases, right?

Hereā€™s the thing. Conversion rate optimization isnā€™t ā€œa thingā€. Itā€™s the interaction between several very important things. And making progress in any reliable and repeatable way takes a thoughtful approach.

Ayat Shukairy should know. Sheā€™s a co-founder of Invesp, a conversion rate optimization company, and Figpii, an all-in-one CRO platform. Ayat recently ran down the CRO Misconceptions Every SEO Should Know on the Moz blog.

Ayat believes that CRO takes a lot more than changing the color of the button on a CTA to be successful. Itā€™s about thoughtful testing, asking the right questions, and knowing just enough about statistics to find the answers you need.

A/B testing tools can be your best friend or your worst enemy when youā€™re focused on CRO. 

Sure, every test will cause a screen flicker, just as Heisenberg would have predicted. But the flicker is just the cost of doing business when the tests you run have enough juice to be worth the squeeze. 

On the other hand, an ad hoc approach with no connection to usability and persuasion can have your conversion rate going down in flames.

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