Heat Level: Hot: These tips are meant for marketing experts.
Bottom Line: Once you’ve gotten UTM codes in place, learn how to read the data they provide and make smart marketing decisions.
Do This: Jump into Google Analytics and...
If you’ve made it this far in the “Tracking Your Real Estate Marketing” saga, you’re using both Google Analytics and UTM codes. If either of those sound unfamiliar to you, take a step back and explore the links above.
By adding UTM codes to your marketing URLs, you’ve added extra bits of information that get passed to Google Analytics. You have more fine control over how the data appears, and what micro-info gets tracked. Better tracking means less wasted time and money.
Now, it’s time to start making sense of your results. Here’s how.
Log into your website’s Google Analytics account. (Forgot the login? Here’s how to get back in).
In the left-hand menu, click Acquisition (this is the section that tells you where your traffic is coming from).
From the All Traffic dropdown, select “Source/Medium.” This will show you all of the different sources (like facebook, google, bing, newsletter) and their respective mediums (cpc, organic, email, etc).
Now, look for the dropdown that says “Secondary Dimension.” Click it and search for Campaign. This will add a column for all of the Campaign parameters you’ve added. You’ll probably see “not set” for source/mediums you didn’t use UTMs for, like organic Google traffic.
If you’ve been using UTM codes properly, the Source/Medium/Campaign values should look familiar to you. Here are some ways to tell if you did not set up your UTMs properly:
If something seems off, go back to our UTM guide and make sure you did everything properly. It might take a few tries to get the hang of, but it’s worth it! Plus we’re happy to help if you need it.
Also remember that you’ll only see a UTM parameter in here if it has generated traffic. If no one clicked the link yet, you won’t see it in your traffic report.
The whole point of using UTM codes is to make sense of what marketing is working - and what is wasting your time and money. Below are indicators of “bad” traffic:
Users in these categories are coming to your site and leaving without taking a desired action - or any action. They might leave your site before it even loads. They aren’t getting in touch with you. They don’t explore your site beyond the page they landed on. So basically, they just show up and leave - and they don’t provide you any value.
Why might they be “bad” traffic? There are a slew of reasons.
Notice, we’ve been putting “bad” in quotes. That’s because “bad” stats are subjective (a 50% bounce rate might be good to one site and terrible to another). Also, there are reasons why a page actually SHOULD have a high bounce rate or a low time-on site. Crazy, I know.
Here’s an example: an ad directs a person to a listing details page, and the person fills out a “I want to tour this home” form… that’s it! They’re done! That might be all they want to do, and it’s a success! But if they leave from that listing page, without being directed to another page, it still counts as a bounce.
That’s why you want to get really well acquainted with your own analytics. You have to think critically about how users interact with your site and what you really want them to do in order to determine whether a particular statistic is cause for alarm.
“Good” traffic, of course, would have the opposite signals.
These are signals that people are landing successfully, and are interested in your content. They feel compelled to view other listings, read more about you, explore your site, read your blog, send a contact form, etc. They’re staying longer and doing more. Perfect!
This is the traffic you should nurture. Wherever it’s coming from, you should nurture that. Pay more time and attention (and ad spend if necessary) for the type of user who’s going to be really engaged with your site.
With Source, Medium and Content, you’ll be able to drill down and find answers to questions like:
Without UTM codes, you’ll never know the answer to any of these questions. With this insight, you can make better decisions about which campaigns or efforts are worth your time, energy and money.
Do more of what works. Fix what isn’t working. That’s easier said than done, of course, but seeing your UTM data is the best place to start making those decisions.