I was excited to find out Google has announced and started rolling out smart goals last week. This new feature is a valuable tool for many small to medium sized businesses who don’t have a way of tracking conversions on their website.
— Google Analytics (@googleanalytics) December 10, 2015
Smart goals are a type of goal within Google Analytics. So what’s so smart about these goals? For some websites you may not have a thank you page or any sort of goal that you can set. This is where smart goals are valuable. Smart goals use machine learning in order to pull data from other websites to determine which visits to your site would likely convert. By pulling data from those thousands of websites (which by the way are anonymous at this time) Google is able to determine what behavior on the site correlates with users converting. An example of this might be a user spending over 10 minutes on your site while also navigating to 4 or more pages.
Another aspect of this new feature which makes it incredibly compelling is the fact that it is relatively easy to set up by setting it up within Google Analytics (please note smart goals are only eligible in your account if you have your Adwords account linked to Analytics). There is no need to add a piece of code to your site, a task that might hinder many small businesses from being able to track conversions in the first place.
One you have smart goals set up you can then pull the data into Adwords and optimize for smart goals as your conversions.
In my opinion, smart goals are a win for Google in two respects. First, by being able to show some form of conversions Google gives many of those small and medium business advertisers a chance to see the return on their ad spend (potentially for the very first time).
Second, indirectly Google is further aiding businesses in improving their user experience on the site. Even if a small business owner doesn’t change a single thing on their website if they know that their existing landing pages convert better on 5 specific keywords out of the 100 keywords they have in their campaigns, that advertiser is likely to focus future spend on those 5 terms. This in turn drives the most targeted traffic to their site, which at the end of the day is what Google wants for users clicking on ads.
It’s also good to see such a valuable feature ,aimed at benefiting mainly small business owners, roll out not long after the not so local-friendly Google+ update around Thanksgiving.