Technology

Designs on Marketing: All About Those Analytics

TechnologyAug 14, 2018

Designs on Marketing: All About Those Analytics

What should you know about bounce rate and referral traffic? And what is a good open rate for a newsletter? Jacqueline Stone answers these questions and more in her latest jewelry marketing column.

I’ll be the first to admit that a lot of what I do in my new job as a marketer is akin to cooking pasta; I’m throwing spaghetti at the wall and seeing what sticks. It’s a constant experiment to find ways to break through the noise and reach my clients’ target audiences.

However, the one thing that every marketer needs is analytics.

While I can’t guarantee extra money in the bank (read: marketing is NOT sales), I better be doing a good job at driving traffic to your site and increasing your digital footprint. I let my clients know up front that this process usually takes about 3 to 6 months, sometimes longer.


Jacqueline Stone has a background in finance, marketing, advertising, product development, fine jewelry manufacturing, design and sourcing. She can be reached at saltandstone@gmail.com.
Marketing is an aspect of your business that needs consistent time and effort. Just when you are at your wit’s end about your progress is, ironically, when the needle starts to move.

Case in point, I’d like to give a huge thank you to Nomad Beads for sticking with me. We didn’t see a significant bump in growth until we actively starting adding SKUs to the company’s website each week. It took about a year of our time together until they started to see online sales and an increase in traffic to the shop. Even though they didn’t see things change as rapidly as they’d like, I know they appreciate my hustle. I’m very grateful for them letting me experiment, and it’s fun to watch them finally reaping the fruits of all our hard work.

Put Your Website to Work
First things first: Let’s take a look at your website. Do you have a Google Analytics account set up? If not, I highly recommend this service. It’s free, and the data Google provides is so insightful.

Here are the key indicators that I’m looking at when I’m crafting your marketing plan.

Audience
Users: No. of people who are looking at your site
New Users: No. of people who landed on your site who had not visited previously
Sessions: No. of times users viewed your site (one user can visit the site several times)
Bounce Rate: The percentage of visitors who come to your site and leave after viewing only one page (usually want to keep this under 50 percent)
Average Session Duration: How long someone is staying
on/interacting with your site on average

It’s great to look at this once a month. You can use the date filters in the top right-hand corner of the Google Analytics Audience > Overview page to compare time blocks to see if your audience is growing or decreasing over time.

It is particularly important to take time to review the percentage of new users over time as well to see how many new people are landing on your site each month. A marketer’s goal is to keep that number constantly increasing.

Acquisition
Direct: What percentage of your audience landed on your website by simply typing in your URL (no way to track where they came from)
Organic Search: What percentage of your audience found your website based upon key search terms you have embedded in the website’s back end (essentially search engine optimization or SEO)
Social: What percentage of your audience found you through social media
Referral: What percentage of your audience found you through mention on other websites; be sure to click on the word “Referral” on the Acquisition > Overview page so you know what external websites are pushing traffic to your site.
Paid Search: How many people landed on your website due to Google AdWords

It’s good to look at this over time periods (use the date filters in the top right-hand corner of the Acquisition > Overview page) to see where your traffic is coming from and if your social media initiatives are working.

Email Marketing
Believe it or not, there’s more to study than just your website.

Research shows that while social media is an essential part of the formula, email marketing still reigns supreme. Some things for you to think about while getting started are below.

--How many people are on your contact list? I find that online sales are directly proportional to this list. I find a list of 5,000 to 10,000 vetted contacts is effective.

--Don’t buy lists! Find inventive ways to have people sign up for your newsletter or email blasts. You don’t want to send your notes to people who never asked for them as they’re likely to report you as spam.

--What type of content are you providing? Is it a value-add to your customers? Why would they be excited to get a note from you?

--What is the frequency of your email blasts? Your newsletters? What is the right frequency that’s consistent but not annoying for your customers?

Analytically speaking, we are looking at your open rate. Industry average is about 23 percent. You want to shoot for that number or even better if possible.

The more engaging the content, the more likely they are going to take a look. You truly want to think about the user experience. I’m sure you get email blasts from some of your favorite retailers. What motivates you to click on the ones that you open?

You also want to look at your click-through rate, which is monitoring how many people are opening your note and taking action. Digital marketing is about driving as many people to your website as possible to potentially make a purchase. How many people clicked on your images? Your hyperlinks? What links fared the best? It’s useful to look at this to refine your strategy moving forward.

Social Media
Are you still with me? Good, because we also have to take our social media presence into consideration.

I’ve promised Michelle (Graff, the editor-in-chief of National Jeweler) and you that I will take a deeper dive into each of the below platforms. I plan on chatting it up with industry leaders such as Third Coast Gems to help me craft best practices guides.

In the meantime, I ask you to look at the analytics of each of these channels:
-- Facebook;
-- Instagram;
-- Pinterest;
-- Twitter;
-- LinkedIn; and
-- Snapchat.

How many followers do you have? What is your audience’s behavior? Are they actively engaged? What conversation(s) have you started?

While the word “analytics” can be daunting to some, I find it fun. I hope the tips shared here today break it down for you in a way that feels manageable.

Anyone can start to become more strategic in their marketing moves as long as they have the data to guide them in the right direction.

Do you have a marketing question? Please comment below or email me at saltandstone@gmail.com.

A recovering jewelry designer, Jacqueline Stone was the chief creative officer of her company, Salt + Stone, and now is the CEO of her own marketing consulting and coaching business. Stone can be reached at saltandstone@gmail.com.
Jacqueline Stoneis a recovering jewelry designer who now works in marketing and runs her own e-commerce site, TotemsandTarot.com.

The Latest

CD Peacock Mansion in Oak Brook, Illinois
EditorsNov 22, 2024
Out & About: Inside the CD Peacock Mansion

Step inside the nearly 21,000-square-foot suburban Chicago jewelry store with Editor-in-Chief Michelle Graff.

Xander Jane earrings
CollectionsNov 22, 2024
Piece of the Week: Xander Jane’s ‘Spiked’ Pearl Studs

These punk-inspired earrings from the new Canadian brand’s debut collection reveal the alter ego of the classic pearl.

Facets of Fire Pear and Marquise Diamonds
SourcingNov 22, 2024
Facets of Fire Expands to Include Pear, Marquise Diamonds

The company brings its nanotechnology to two new fancy cuts for diamonds that feature its signature color and brilliance.

Jewelers Mutual Group Cybersecurity
Brought to you by
Navigating Cybersecurity: Essential Guidance for Jewelers

From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.

5 main.jpg
Supplier BulletinNov 21, 2024
Tasha R Releases 2025 Labbelle Lab Diamond Jewelry Catalog

Sponsored by Tasha R

Weekly QuizNov 21, 2024
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
18-karat gold Tiffany & Co. pocket watch Captain Arthur Rostron
AuctionsNov 21, 2024
Gold Watch Gifted to Titanic Rescue Ship Captain Sells for $2M

Three Titanic survivors presented him with the personalized Tiffany & Co. timepiece about a year after the tragedy.

Harris Jewelry storefront
MajorsNov 21, 2024
Harris Jewelry Ordered to Reopen Claims Portal for Refund Requests

A federal court found that the jewelry store chain violated terms of the settlement reached after it was accused of defrauding customers.

Article-Top-Image.jpg
Brought to you by
Enhance Your Expertise with IGI’s In-Person Courses in NYC

This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.

Cynthia Erivo wearing Have a Heart x Cynthia Erivo collection
CollectionsNov 21, 2024
Channel Elphaba in Muse’s ‘Have a Heart x Cynthia Erivo’ Collection

Cynthia Erivo chose Dreams of Hope, an organization dedicated to empowering LGBTQA+ youth, as the charity for this year’s collection.

Rocksbox San Francisco store
MajorsNov 21, 2024
Rocksbox Opens Pop-Up Store in San Francisco

The new space was designed to evoke a warm, inviting vibe.

Mary Moses Kinney
IndependentsNov 21, 2024
Mary Moses Kinney Is Now Part of The Edge’s Team

Kinney, who spent nearly 30 years at IJO, has been hired to head Abbott Jewelry Systems’ new virtual marketplace.

Sotheby’s New York building
CrimeNov 20, 2024
Sotheby’s to Pay $6.25M Settlement to NY State for Alleged Tax Fraud

The auction house was accused of helping clients avoid paying taxes on millions of dollars’ worth of art purchased from 2010 to 2020.

Kering logo
Events & AwardsNov 20, 2024
Kering Debuts New Jewelry Award With Sustainability Focus

The four finalists will present their pieces at the 2025 JCK Las Vegas show.

Model wearing pieces from Camera Oscura collection
CollectionsNov 20, 2024
Pamela Love Channels Surrealist Artists in New Collection

The “Camera Oscura” collection showcases earring designs celebrating female Surrealist artists Claude Cahun and Leonor Fini.

Columbia Gem House “Pebbles to Pines” fundraiser
Policies & IssuesNov 20, 2024
Columbia Gem House Raises $10K for Reforestation Efforts

The money will fund the planting of 10,000 trees in critical areas across Oregon, Arizona, Montana, and other regions.

The jewelry symposium 2025
Events & AwardsNov 20, 2024
The Jewelry Symposium Opens Registration, Scholarship Applications

The event centered on advancing jewelry manufacturing technology will return to Detroit in May 2025.

Stock image of police cars with lights on
CrimeNov 19, 2024
Woman Killed in Armed Robbery of Sacramento Jewelry Store

Local reports identified the woman as the wife of the jewelry store owner.

Tsar Ferdinand I Bulgaria colored diamond pin and emerald diamond ring
AuctionsNov 19, 2024
‘A Tsar’s Treasure’ Fetches $2.9M at Sotheby’s Jewelry Sale

A collection of pieces owned by Ferdinand I, the first king of modern Bulgaria, and his family, blew away estimates in Geneva last week.

Trove NYC flagship exterior
MajorsNov 19, 2024
Trove Opens First US Flagship in NYC

The Australian jewelry box brand’s new West Village store will showcase new jewelers each month through its Designer in Residence program.

Snoop Dogg and Carolyn Rafaelian
CollectionsNov 19, 2024
Snoop Dogg’s New Jewelry Collection Is All About Love

“Lovechild” was created in partnership with Carolyn Rafaelian’s Metal Alchemist brand.

Helzberg CEO Brad Hampton
EditorsNov 18, 2024
Q&A: Helzberg CEO Brad Hampton on the Jeweler’s Rebrand

Hampton discussed how Helzberg is improving the customer experience and why it was inspired by the company formerly known as Dunkin’ Donuts.

Andrea Jose jewelry
Policies & IssuesNov 18, 2024
Reciprocity Jewels Returns to NYC Jewelry Week

The group will host several curated events and an exhibition of designer jewelry made with Peruvian gold traceable to the miners’ names.

Dolly Parton and Kendra Scott
CollectionsNov 18, 2024
Dolly Parton Shines in Collaboration with Kendra Scott

The collection honors the 50th anniversary of Dolly Parton’s “Love is Like a Butterfly” song, which shares a birth year with Kendra Scott.

IGI Expressions
Events & AwardsNov 18, 2024
IGI Jewelry Design Competition Returns

This year’s theme asks designers to take inspiration from classic fairy tales.

New York Comic Con Javits Center crowd
EditorsNov 15, 2024
Why Fine Jewelry Belongs at New York Comic Con

Senior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.

Marie Lichtenberg and Raiz’in collection
CollectionsNov 15, 2024
Marie Lichtenberg Battles Counterfeits with New ‘Raiz’in Scapular’ Designs

The latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.

Citizen 100th Anniversary Limited Edition #1 Pocket Watch
WatchesNov 15, 2024
Piece of the Week: Citizen’s Commemorative Pocket Watch

No. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy