You see, understanding your customers is very important for the growth of your business. Customers automatically assume you know what they want and you are capable of delivering quality to them else, they’d move to the next available source.
Knowing your customers and building a quality relationship with them should be a priority for every marketer.
For this to be possible, you need to know how to make sense of customer data.
A smart data analysis approach will help you make sense out of your data and extract insights from it.
Customer analytics helps in
As a business owner or marketer, you need to know the needs of your customers and predict where they are in the buyer journey. Customer analytics can do that for you. Here’s how
1. Identify traffic sources
As a marketer or business owner, you must get to know the source of traffic. Traffic getting to your website can come from different sources. It could be from your social media platforms, email, social shares, organic traffic, ads, or any other medium. Using customer analytics will give you the right idea of your traffic source. Once the highest traffic source is found, more attention should be paid to that source.
2. Data analysis
Today more than ever before, there are a lot of data littered around by customers. All you need to do as a marketer is to prioritize your objective. The objective should be based on what matters to you and your customers. Once the objective is set, it is easier to effectively analyze your data.
3. Customer behavior predictions
The behavioral pattern of customers will be ever-changing as long as new technologies, trends, and situations keep coming up. Customer analysis helps you track why customer behavior changes and when it happened. It also helps you predict how customers will behave towards. a particular trend and the outcome of implementing the trend.
4. Interaction testing
With customer analysis, you test customer interaction via different channels such as your website, social media email, or any other channel.
For example, if you notice a poor interaction on your social media, you can increase the number of times you post per day to test the customer interaction you will get. If it works, you can repeat it.
5. Retention of existing customers
Customer satisfaction is the key to retain customers. One way to satisfy your customer is to understand them.
Customer analysis helps you know where the changes that could push your customers away lie. Satisfying your customers is another way to boost your brand. Customer analysis will also help you make important decisions for your business growth