We believe revenue tracking shouldn’t be hard and that’s why we have tried to make it dead-simple to implement it in Visual Website Optimizer. All you need to do is this:
- Create A/B, split or multivariate test
- On goals page, select ‘Revenue Tracking’ as goal and enter the URL of the goal as the page where you will have access to visitor’s revenue number (it is typically available on thank you page after a successful payment / transaction)
For example, if the page where we redirect after successful plan purchase is http://visualwebsiteoptimizer.com/thank-you.php then all we need to do is to copy-paste default VWO code there and also output following code:
The above code snippet needs to be placed right below the VWO Tracking Code in the head tags (<head></head>) of your webpage’s source code.
If due to some reasons the revenue tracking does not work properly (ie. revenue not being tracked), replace the existing Revenue Tracking Code with the one mentioned below. This uses queue functionality (ie. it ensures that the Revenue Tracking Code is only executed after VWO Tracking Code has finished executing):
Note: Only one of the above two code snippets need to be installed.
Of course, the value of revenue (49 in this case) will change dynamically depending on actual revenue generated by the visitor. If you already have revenue tracking setup with your web analytics tool (such as Google Analytics), extending it for Visual Website Optimizer should be a piece of cake. If not, just ask your IT guy, he would know where and how to output revenue for tracking. All in all, implementing revenue tracking in Visual Website Optimizer is quite simple.
Note: The value of the variable can be a float or string number. For example 42, 42.8 and “42″ are all correct. Currency symbol should not be included.
How do Revenue Tracking reports look like?
Once revenue tracking is in place, you will see extensive reports like following:
As you can see, reports show you various metrics for different variations:
- Revenue per visitor (the basic metric that determines performance of variation)
- Total revenue
- Total number of conversions (you can calculate average order value as Total Revenue / Total conversions)