{"id":2902,"date":"2022-01-19T21:30:37","date_gmt":"2022-01-19T21:30:37","guid":{"rendered":"https:\/\/cherylroll.com\/how-analyzing-search-data-can-improve-your-decision-making-378693\/"},"modified":"2022-01-19T21:30:37","modified_gmt":"2022-01-19T21:30:37","slug":"how-analyzing-search-data-can-improve-your-decision-making-378693","status":"publish","type":"post","link":"https:\/\/cherylroll.com\/how-analyzing-search-data-can-improve-your-decision-making-378693\/","title":{"rendered":"How analyzing search data can improve your decision-making"},"content":{"rendered":"
Much like a physical marketplace, the online search environment has both its successful businesses and those that fail to gain traction. Matt Colebourne, CEO of Searchmetrics, used the analogy of a “high street” — the main area of commercial or shopping — to describe the current state of search marketing in his presentation at SMX Next<\/a>.<\/p>\n “Just as you have the winners and the losers in the physical space, you have the same in the digital space; page two of Google or any search engine is fundamentally the ‘backstreet,’” he said. “That’s where a lot less audience is going to end up.”<\/p>\n Marketers have long used search data to optimize their content so it meets user needs. But many fail to apply those same insights to inform decisions that impact the long game.<\/p>\n “A lot of companies make the mistake of optimizing for growth way too soon,” Colebourne said. “They settled for their current product set and their question becomes, ‘How can we optimize sales of what we have?’ Whereas the questions they should be asking are, ‘What are the sales that we could have? How much of our target market do we have right now?’”<\/p>\n Each day Google processes<\/a> over 3.5 billion searches, which provides marketers with a wealth of data. Here are three reasons why analyzing this search data improves marketers’ decision-making processes.<\/p>\n “Currently, about 15% of search terms that appear on Google every month are new,” said Colebourne, “So, that starts to give you an inkling of the pace of change that we have to deal with. We see trends come and go in months, and some cases even weeks. And as businesses, we have to respond.”<\/p>\n Many organizations focus too much energy on driving growth while neglecting to determine where that growth is coming from. And in this digital age, there’s a good chance much of it is coming from search. This data offers marketers valuable insights, especially those relating to their industry segment.<\/p>\n “You have to understand how your industry and category is structured and ask the right questions,” he said. “If, for example, you sell specialty sports shoes, it doesn’t make a lot of sense to compare yourselves with Nike or similar companies who have much much bigger coverage, but may not be leaders in certain segments.”<\/p>\n Data — specifically search data<\/a> — should be part of any company’s core decision-making process. To show how often brands use it, Colebourne highlighted a survey<\/a> from Alpha (now Feedback Loop) that asked 300 managers how they made decisions.<\/p>\n “The question they asked was, ‘How important or not important is it to you to use data to make decisions?’” said Colebourne. “And I think nobody is going to be surprised by the results — 91% think data-driven decision-making is important . . . But the corollary to this question was, ‘How frequently or infrequently do you use that?’”<\/p>\nSearch data shows where your growth is coming from<\/h2>\n
It helps address your most significant decision-making challenges<\/h2>\n