Kate L. Roa
Oct 30, 2023
Frugal entrepreneurs count every dollar they spend on marketing and expect a minimum of $3.00 made for every $1.00 spent. Bitly, a free data analytics tracking tool, makes this goal possible.
If you wonder if your marketing efforts make financial sense, you're not alone. There's an easy way to find out with the free Bitly custom link builder platform. With some discipline and basic skills, you'll know exactly where to allocate resources to inform business strategy and drive sales.
Data Analytics Improve Profit Margins. Here's How.
1. Informed Business Decisions
Ultimately, data analytics is about empowering businesses to make financially informed decisions. With the comprehensive insights provided by Bitly, marketers can confidently assess what's working and what's not, refine their approaches, and consistently iterate towards better outcomes.
2. Discover the Source of Your Traffic
Knowing where your traffic originates is crucial. Is your latest LinkedIn campaign bringing in more clicks than your Facebook ads? Or did that guest post on a popular blog drive a surge in visits? With Bitly, the source of every click is no longer a mystery. This granularity helps adjust strategies, refine targeting, and even reallocate budget towards platforms that deliver the best ROI.
3. Tracking Trends Over Time
The digital landscape is ever-evolving. What worked a month ago might be less effective today. Bitly doesn't just offer a snapshot; it provides a panorama. By tracking trends over time, businesses can observe patterns, anticipate shifts, and evolve their strategies proactively. Instead of merely reacting to the market, you stay ahead.
4. Insightful Click Data
A desired action is the core of every marketing campaign - like a click that leads to a conversion, be it a sale, subscription, or website page visit. With Bitly's detailed analytics, marketers see how many people have clicked on their links. This direct insight is invaluable. It provides a quantitative measure of the campaign's success, allowing for a precise comparison between different campaign variations.
5. Understand Device Preferences
In an age of multiple devices, understanding the devices your audience uses can inform many business decisions. For instance, if most of your audience accesses your links via mobile, it emphasizes the need for mobile-optimized content and user experiences. Bitly's analytics on device usage offer an in-depth look into your audience's preferences, enabling businesses to fine-tune their content strategy.
How to Signup to Bitly Data Analytics Dashboard
1. Visit the Bitly Website: Open your web browser and go to https://www.bitly.com/.
2. Click on 'Sign Up': Once on the homepage, you'll find a "Sign Up" button, typically at the top right corner. Click on it.
3. Choose a Signup Method: Bitly offers multiple signup options. You can choose to sign up with your email, or you can use a Google or Apple account for faster registration.
If you choose to sign up with email:
Provide your email address, create a password, and enter your full name.
Click the "Sign Up" button to proceed.
If you use Google or Apple for signup, follow the prompts.
4. Email Verification (if signing up with email): After signing up with an email, Bitly will send you a verification email to ensure the email address is valid and belongs to you. Open your email, locate the Bitly verification message, and click the provided link to verify your account.
5. Complete Your Profile: Once verified, you might have to fill in additional profile details. While this step is optional for basic functionality, it can help you get more out of the platform.
6. Start Shortening Links: With your account set up, you can shorten and customize links. Enter a long URL into the provided field, click "Shorten," and Bitly will generate a concise version. This short link is what you'll share with your audience.
Access Analytics: Even with a free account, Bitly provides basic analytics. You can see how often your link clicked, where the traffic came from, and what devices. While the basic Bitly account is free and offers many great features, a paid version called Bitly Enterprise provides advanced tracking features, branded domains, and more.