Data is the best friend for every marketer. Without data, a marketer cannot know what works well for his campaigns, diagnose potential problems, and determine the areas to focus his efforts on. Here is the importance of tools for Marketing Analytics.
Marketing Analytics tools can help you track and measure the success of marketing campaigns. They will come in handy with features to help you target your audiences better. You will also be able to track industry trends and stay ahead of the competition. I’m sure you don’t want to miss out on these benefits.
In this blog, we will start from scratch on why you need them. And cover each and every bit you want to know to choose the best tool. Let’s get started?
The 12 best marketing analytics tools are listed below:
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What are Marketing Analytics Tools?
Marketing analytics tools help businesses measure, manage, and analyze marketing performance to optimize ROI and make data-driven decisions. These tools track various metrics like website traffic, customer behavior, campaign performance, and conversion rates. Popular tools such as Google Analytics, HubSpot, and SEMrush provide insights into customer engagement, demographic data, and the effectiveness of marketing strategies. By consolidating data from different channels, these tools enable marketers to refine targeting and improve overall campaign efficiency.
Advanced marketing analytics tools like Mixpanel and Adobe Analytics go beyond basic tracking by offering predictive analytics and customer journey mapping. They allow for in-depth segmentation, personalization, and A/B testing to enhance marketing effectiveness. With integrations to CRM and advertising platforms, they give businesses a holistic view of customer interactions across multiple touchpoints. This empowers marketers to create more targeted and personalized campaigns, maximizing customer acquisition and retention.
Why Do You Need Marketing Analytics Tools?
Digital marketers should have a way of managing and measuring the performance of their marketing campaigns. This is exactly what marketing analytics tools help them to achieve. Marketing analytics tools help marketers to improve their efforts and prove their worth. Their goal is to make marketing activities more effective and justify the investment.
Check digital marketing course to learn more about marketing analytics tools. It also comes with a premium version that costs about $100K annually with advanced data analytics capabilities and full support from Google.
Marketing analytics tools are capable of gathering data from all channels in your marketing mix and report on them together. They make it easy for marketers to generate reports without relying on data scientists, track campaign success, and perform competitive analysis. Marketing analytics tools will capture and track the following data regarding your marketing campaigns:
- Website visitor data
- Customer touchpoint / event data
- Paid campaign performance data
- Customer purchase data
- Email marketing data
The Best Marketing Analytics Tools
Here is the list of the top marketing analytics tools that you can consider incorporating into your marketing strategy:
1. Google Analytics
This is a basic and free website analytics tool provided by Google. You can use it to track the traffic on your website, know where your web visitors are coming from, how they came to know your website, the amount of time they spent on your website, etc.
Google Analytics can also be integrated with other tools like Google AdWords and Google Data Studio for a deeper analysis of your marketing data. However, it is complex to define and track new conversions, and it doesn’t provide an option to track individual user sessions and know how users actually use your site.
The basic version of Google Analytics is free and is fit for most companies. It also comes with a premium version that costs about $100K annually with advanced data analytics capabilities and full support from Google.
2. MixPanel
The goal of MixPanel is to track the events on your website, mobile app, or product. This way, you can know what users are doing on your mobile app or website.
Once you add an event to MixPanel, you will see the trends, count, the users who used them and in what order. It also offers funnels and A/B testing for different versions of your mobile app. MixPanel expects you to add the events that you need to track and focus on.
You can do this using a visual selector or by adding code annotations. After the selection, the events that you want to track will be shown on your dashboard and the metrics of choice will be presented. It offers a free Starter plan and two other plans that require you to pay a monthly subscription fee.
Whatagraph is a marketing reporting tool used by agencies and in-house marketers to create automated, beautiful reports for a variety of different marketing platforms.
There’s a total of 40 data sources you can connect to, including the usual suspects such as Google Analytics and Google Search Console, as well as some uncommon ones like TikTok ads and Pinterest. To get you started, there are over 100 report templates you can build upon for your next report.
Some standout features include advanced report customization, report white labeling, live dashboards and more.
The basic plan costs $199 per month, which gets you access to 25 data sources and up to 5 seats for your team members.
4. The AdWords Performance Grader
PPC is a common way of reaching new customers and growing businesses among marketers.
However, there are many factors that will determine your success as a PPC marketer. It can even be overwhelming to determine the right areas to which you should pay attention. That’s why PPC marketers need AdWords Performance Grader.
The Adwords Performance Grader helps you evaluate the strength of your Google Ads account quickly and securely. Once the tool has performed an audit of your account, it will give you a detailed report that shows the strengths and weaknesses of your account.
This can help you know the account elements that need more work. You can use this tool for free.
5. Heap Analytics
Heap is a web and mobile analytics tool, with similar functionalities as MixPanel. Heap Analytics helps you track all the activities taken by your website visitors. You can also use it to select the events that you need to analyze and preview on your dashboard. It can help you to track the individual user behavior and segment users based on their behavior.
It has a free plan and two other plans that require you to pay a monthly subscription fee.
6. Cyfe
Cyfe is an all-in-one dashboard that allows marketers to integrate data from various marketing tools and see all of it in one place.
You can use it to track data from all your social media marketing platforms, sales platforms, pay per click marketing channels, and others. It has pre-built widgets that you can use to connect to Google Analytics, Google AdWords, and SalesForce accounts.
Cyfe can then collect all the data that you need from these platforms and display it on one dashboard. Cyfe has a free plan and three other plans that require you to pay a monthly subscription fee.
7. Klipfolio
Klipfolio is a dashboard software that allows its users to create interactive dashboards that can host marketing-related data from various tools and channels.
You can use it to pull data from Facebook or Google Analytics, which is good for tracking your performance and seeing all the data in an integrated dashboard. It comes with pre-built templates of dashboards that you can use without having to create your own from scratch.
However, you can still create your own dashboard that will help you meet your needs. If you have many marketing channels and you need to monitor their data in one dashboard, use Klipfolio. It has 4 pricing plans that require you to pay a monthly subscription fee. These plans majorly differ based on the size of teams.
8. Optimizely
Optimizely is a good tool for carrying out A/B tests on web pages and products to know which version is the best.
The A/B tests can be visual or textual, and Optimizely makes it easy for you to change the design of the pages without changing the code. It can also be integrated with other analytics tools like Bizble, Google Analytics, and Clicktale. Such experiments make it easy for you to track your Optimizely experiment results in other dashboards together with additional data segmentation.
It is a good tool for any marketer who cares about the performance of his website and online marketing results. Its A/B testing capabilities can help you know how to better convert your users and increase your ROI. It has different pricing plans that are based on traffic needs.
9. SEMrush
SEMrush is a marketing analytics tool that can help you see what your competitors are doing.
It can provide you with a way to outrank your competitors in search results and offers its users with a simple way to monitor their competitors’ social media accounts, brands, etc.
You can also use it to track your own brand. SEMrush has an analytics reports tool that shows the keywords that your competitors are using in their AdWords campaigns. You can also use it to analyze the keywords that you want to use in your ad campaigns to know how competitive they are.
It is a good tool for marketers who need to increase their search engine traffic and monitor their competitors’ activities. SEMrush offers 3 pricing plans, with the cheapest plan costing $99 per month.
10. BuzzSumo
BuzzSumo is a versatile content and social media analysis dashboard that provides its users with data about the topics that are trending on the major social media platforms. It allows you to analyze data from a range of different time periods, like for the previous 12 hours or spanning many months.
This way, you can now the topics in your industry that are getting the most social traction. It also offers advanced keyword search operators, backlink information, content type filters, and influencer marketing features. You can then export the data into another format and analyze it to a greater depth.
It has three pricing plans, with the cheapest plan going for $99 per month.
11. Crowdbooster
It is a social media analytics software that allows you to see the performance of social media ad campaigns through a series of simple dashboards.
One of the major advantages of using this tool is its real-time reporting functionality, which gives up-to-the-second data regarding who is engaging your content on social media and how. It also lets you see your most engaged fans and followers, and gives you recommendations on how to reach these brand ambassadors, as well as how to customize your social media content for a greater engagement. It offers different pricing plans, with the cheapest plan costing $9 per month.
12. Zuko
Zuko is a platform for form analytics that reveals when, when, and why potential customers leave your web forms and checkouts without completing them.
Zuko mainly focuses on user behavior analytics within forms. Usually most tools offer top-level form data, which might make it difficult to identify problems and track performance. Zuko offers functionality and data that others might not.
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Zuko concentrates on form analytics for two key reasons:
- Since forms play such a significant role in the customer journey, it is crucial to properly comprehend user behavior there. A business can increase sales, use marketing funds more wisely, and, most importantly, provide customers with a better online brand interaction experience by increasing the conversion rate of an online form.
- Forms are frequently difficult to track technically because of their intricate coding. As a result, even though some products promise to offer form analytics, you might not be able to use that feature at all. No matter how your form functions, Zuko can track it and provide you with useful statistics and metrics because they exclusively focus on forms.
Limitations of Marketing Analytics Tools
Marketing analytics tools although help you gain insights from your marketing data, they are associated with a number of challenges.
These challenges include the following:
1. Cost
Most marketing analytics tools require users to pay a monthly subscription fee. Their free trial plans only last for short periods of time and offer a limited number of features.
2. Real-time data
Majority of the marketing analytics tools don’t allow their users to pull data from their digital marketing platforms in real-time.
Conclusion
In this article, you learned the reasons as to why you need marketing analytics tools. You’ve also seen the best marketing analytics tools that are available out there. Take your pick today. Analysis results are improved if you integrate your data from multiple sources. If you’re looking for an all-in-one solution, that will not only help you transfer data but also transform it into analysis-ready form, then Hevo Data is the right choice for you!
Hevo Data takes care of all your analytics needs in a completely automated manner, allowing you to focus on key business activities.
FAQ
What is a marketing analytics tool?
A marketing analytics tool collects, measures, and analyzes data from marketing activities to help businesses optimize their strategies and improve decision-making.
What is the best tool for marketing analytics?
Google Analytics is widely regarded as one of the best tools for marketing analytics due to its comprehensive tracking features, ease of use, and ability to integrate with various platforms.
What are 5 digital marketing analytics that actually matter?
Five key digital marketing metrics include:
Website Traffic
Conversion Rate
Customer Acquisition Cost (CAC)
Return on Investment (ROI)
Engagement Metrics (click-through rates, bounce rates).
Nicholas Samuel is a technical writing specialist with a passion for data, having more than 14+ years of experience in the field. With his skills in data analysis, data visualization, and business intelligence, he has delivered over 200 blogs. In his early years as a systems software developer at Airtel Kenya, he developed applications, using Java, Android platform, and web applications with PHP. He also performed Oracle database backups, recovery operations, and performance tuning. Nicholas was also involved in projects that demanded in-depth knowledge of Unix system administration, specifically with HP-UX servers. Through his writing, he intends to share the hands-on experience he gained to make the lives of data practitioners better.
