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Let me summarize the basic indicators of a website’s audience on three independent axes:
He looks at the number of buyers, the frequency of purchases and the average basket value. Why do we use this split?
Because these indicators are independent of each other.
You can increase the number of visitors, without affecting the frequency of purchases or the basket: by bombarding advertising targeted to attract new buyers.
You can increase the frequency of visits: by targeting advertising on those who are already customers to bring them back.
You can increase the basket: by conducting on-site promotions. These three indicators also have the good idea to recreate the turnover when multiplied: turnover = Buyers x frequency x average basket. On the Internet, the total number of minutes can be split in the same way: Total minutes = unique visitors x frequency of visits x time spent per visit. When analyzed this way, web analytics becomes very simple. Just apply the same rules as in the consumer goods and play, when appropriate, on each of the three indicators. Reread the above example by replacing the words associated with purchases by those of the Internet, and you will see. If it is so important, can time spent be measured as accurately as the value of the basket?
Yes, time can be measured with the required precision.
Both in “user-centric”, or in some "site-centric" tools such as ours, time is measured exactly. Details of the measure will come later, but I will conclude by giving the definition that is used to calculate the time spent on textual contents (there are small differences for the video and audio contents): period during which the contents are visible by a user actively using the computer. Don't you think that this definition is better than the ones usually used?
- The number of visitors
- The frequency of visits
- The time spent per visit
He looks at the number of buyers, the frequency of purchases and the average basket value. Why do we use this split?
Because these indicators are independent of each other.
You can increase the number of visitors, without affecting the frequency of purchases or the basket: by bombarding advertising targeted to attract new buyers.
You can increase the frequency of visits: by targeting advertising on those who are already customers to bring them back.
You can increase the basket: by conducting on-site promotions. These three indicators also have the good idea to recreate the turnover when multiplied: turnover = Buyers x frequency x average basket. On the Internet, the total number of minutes can be split in the same way: Total minutes = unique visitors x frequency of visits x time spent per visit. When analyzed this way, web analytics becomes very simple. Just apply the same rules as in the consumer goods and play, when appropriate, on each of the three indicators. Reread the above example by replacing the words associated with purchases by those of the Internet, and you will see. If it is so important, can time spent be measured as accurately as the value of the basket?
Yes, time can be measured with the required precision.
Both in “user-centric”, or in some "site-centric" tools such as ours, time is measured exactly. Details of the measure will come later, but I will conclude by giving the definition that is used to calculate the time spent on textual contents (there are small differences for the video and audio contents): period during which the contents are visible by a user actively using the computer. Don't you think that this definition is better than the ones usually used?