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Marketing Analytics: Decoding the Conversion Funnel for Revenue Growth

Marketing Analytics: Decoding the Conversion Funnel for Revenue Growth

1h 28mIntermediate2024-09-18

Authors

Deborah O'Malley

Deborah O'Malley

Course details

This course equips you with an essential toolkit to find and fix the leaks in your sales funnel. You’ll get actionable, easy-to-use strategies that will help you improve your conversion rate, capture more leads, and directly boost revenue. Gain practical, insider techniques from instructor Deborah O’Malley, an expert optimizer, on how to perform funnel analysis, identify weak points in the funnel, and implement targeted solutions to grow your business. By the end of this course, you’ll be equipped with both the strategic understanding and the tactical competencies required to optimize customer journeys as well as take advantage of previously missed monetization opportunities. Now is the time to future-proof your conversion workflow for amplified growth. Are you ready to crack the conversion optimization code with this complete funnel mapping playbook?

Learning objectives
Dispel conversion funnel myths: recognize that a conversion funnel is an analogy, and visualize how the traditional funnel model has transformed over time.
Determine where the leaks in the conversion funnel exist: learn how to read analytics data to pinpoint drop-off points and spot the biggest leaks.
Leverage three powerful metrics for gauging funnel performance: abandonment, engagement, and conversions.
Apply data-decoding strategies to not only figure out where the problem in the funnel is but also what the issue looks like on-site.
Identify key performance indicators (KPIs) to accurately track and improve your funnel conversions.
Create a testable hypothesis and apply it to optimize your funnel.
Monitor and continuously optimize your funnel.

Skills covered

Conversion MarketingBusiness AnalyticsMarketingData ScienceDeep Dive (X:Y)

Concepts

0. Introduction

  • 01 - Assess your funnel to increase conversions and grow revenue

1. Dispel Conversion Funnel Myths

  • 02 - Explore conversion funnel fundamentals
  • 03 - Unravel conversion funnel myths
  • 04 - Reshape and reimagine the future of conversion funnels

2. Identify the Leaks in Your Conversion Funnel

  • 05 - Pinpoint leaks in the conversion funnel with GA4 analytics
  • 06 - Access GA4
  • 07 - Delve into marketing analytics data
  • 08 - Scan for success
  • 09 - Identify where to start optimizing your funnel

3. Assess the Biggest Conversion Funnel Leaks

  • 10 - Visualize the funnel
  • 11 - AIDA model - Attention
  • 12 - AIDA model - Interest
  • 13 - AIDA model - Desire
  • 14 - AIDA model - Action

4. Generate Ideas to Fix Your Funnel

  • 15 - Get ideas to fix your funnel
  • 16 - Patch the holes in your funnel
  • 17 - Develop a smart hypothesis

5. Set Your Funnel Success Metrics

  • 18 - Define outcomes
  • 19 - Vanity metrics
  • 20 - Finalize the hypothesis formula

6. Final Exercise

  • 21 - Final exercise - Apply the 5-line hypothesis formula

Conclusion

  • 22 - Conclusion

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