Trends & best practices
Supercharge your ranking in Google Analytics 4 benchmarks.
By Dylan Smith
Oct 8, 2024
7 min read
Google has introduced benchmarks to Google Analytics 4 (GA4), which is a game changer for businesses looking to understand how they stack up against their peers. By offering performance comparisons in key areas like acquisition, engagement, retention, and monetization, GA4 benchmarks promise to help businesses see where they stand.
But there’s a catch. While GA4 benchmarks are great for giving you the "what"—how your performance compares to other businesses—they lack depth when it comes to explaining the "why" or offering the actionable insights you need to improve.
Let’s walk through the four key areas of GA4 benchmarks, explore what Google suggests to improve your ranking, and show how Quantum Metric can take you beyond GA4, helping you not only understand your position but also rise above it.
What is Google Analytics 4 benchmarking data?
At its core, GA4 benchmarking allows you to measure your business’s performance against similar businesses. Google organizes this comparison by placing you in peer groups based on your industry vertical and other relevant business signals. These comparisons are refreshed every 24 hours, ensuring that you’re always looking at up-to-date data.
GA4 benchmarks focus on four primary areas:
- Acquisition: How effectively you bring in new users.
- Engagement: How actively those users interact with your site.
- Retention: How well you keep users coming back.
- Monetization: How much revenue you generate from each user.
While Google offers general recommendations for improving your performance in these areas, we’ll dive deeper into why these suggestions can fall short—and how Quantum Metric can give you the insights needed to improve your ranking in each category.
How to use Quantum Metric to improve your ranking.
1. Acquisition - New User Rate
Google’s recommendation: “Consider increasing your investment in user acquisition strategies, such as targeted advertising, social media campaigns, or content marketing.”
What’s missing: Simply throwing more money at acquiring new users isn’t always the best solution. If the traffic you’re already driving isn’t converting, why would more of it help?
The solution: Instead of blindly increasing spend, Quantum Metric helps you understand why your current traffic might not be sticking. With tools like retention tables, journey analysis, and funnels, you can identify where users drop off, what paths they take after landing on your site, and the optimal frequency for marketing outreach. These insights allow you to optimize your acquisition strategy by addressing the root causes of user loss, ensuring that the traffic you’re already getting converts at a higher rate.
2. Engagement - Average Engagement Time per Session
Google’s recommendation: “Capitalize on this high engagement by introducing strategies to increase conversions, such as strategically placed calls-to-action or personalized recommendations.”
What’s missing: Where exactly should you place those calls-to-action (CTAs)? What kind of personalized recommendations are likely to work best? These general suggestions don’t offer enough guidance.
The solution: With Quantum Metric’s interaction heatmap tools, you can dive deeper into the user behavior that drives engagement. Heatmaps show you how users interact with different elements on your page, helping you place CTAs more strategically. You can also analyze how different versions of personalized recommendations or carousels perform with different audience segments. The ability to compare page versions side-by-side with Quantum Metric’s comparison mode ensures you’re making data-driven decisions that maximize conversions.
3. Retention - Bounce Rate
Google’s Recommendation: “Investigate the reasons for this high bounce rate. Consider improving your site's user experience, ensuring relevant content is easily accessible, or optimizing your landing pages.”
What’s missing: This advice is overly simplistic. Improving user experience isn’t as easy as flipping a switch, and it can be difficult to know where to start without a deeper understanding of individual user experiences.
The solution: Quantum Metric provides a suite of tools to help you get to the bottom of high bounce rates. Felix AI’s summaries can give you a quick understanding of common user issues, while voice-of-customer (VOC) surveys capture direct feedback. Pairing these insights with session replays allows you to see exactly how users are interacting with your site and pinpoint specific pain points in the user experience. This comprehensive approach enables you to make targeted improvements that go beyond surface-level fixes.
4. Monetization - ARPU (Average Revenue per User)
Google’s Recommendation: “Explore strategies to increase ARPU, such as upselling, cross-selling, loyalty programs, or personalized offers.”
What’s missing: While these suggestions are valuable, they leave out a crucial detail: How do you test these strategies effectively? Without a solid understanding of user behavior, you could end up guessing which approach will work best.
The solution: Quantum Metric helps you break down user behavior by cohort, giving you a clearer understanding of how different segments interact with your site. For example, your power users might respond well to certain upsells, while new users might engage with a different set of personalized offers. Additionally, Quantum Metric allows you to incorporate offline data from your CDP or in-person loyalty programs into your digital analytics. This creates a more complete picture of the customer journey, enabling you to test and implement strategies that increase ARPU with greater confidence.
Conclusion
Google Analytics 4 benchmarks provide a valuable snapshot of your business’s performance, but they only go so far. While GA4 tells you what your rankings are, it doesn’t dive deeply enough into the why or the how.
That’s where Quantum Metric comes in. Across all four areas—acquisition, engagement, retention, and monetization—Quantum Metric provides the insights you need to move up the rankings. With powerful tools like journey analysis, heatmaps, interaction analytics, and Felix AI, businesses can not only understand their current standing but also take targeted action to improve it.
In a competitive digital landscape, businesses that leverage Quantum Metric alongside GA4 will have a significant advantage. Those that don’t will struggle to understand why they are falling behind, lacking the insights needed to rise in the rankings and ultimately thrive.
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