You might be a marketing whiz. You might even possess that brilliant zing which can evolve a simple business idea into a game changing global platform.. But without the right analytics tools you won’t go anywhere.
Analytics is the backbone of every online website or app. It gives you the opportunity to dig into your data and find valuable pieces of information out of it. It's like finding pearls in a huge sea of data but only if you dive deep enough.
Now, the only question is how would you decide the best analytics tool for your business? To make the decision making process bit easier, I took the opportunity to compare two of the best analytics tools and list down their strengths and weaknesses. Mixpanel and Google Analytics both are are largely known as the most powerful web and mobile analytics tools.
To give you a basic overview, I have created an infographic (you can see below) that sums up most of the pros and cons:
Mixpanel vs Google Analytics: What to opt for and When?
1. Core Tracking Method
The major difference between Google Analytics and Mixpanel is the method both tools use for tracking visitors.
2. Real Time Reporting
For most companies, real time reporting holds a huge impact on overall business performance. Unfortunately, many of these industries are still unaware of their hidden strengths.
Google Analytics real time reports tend to get updated quickly for smaller websites but for larger ones the data processing takes more time than usual. We can say that Google Analytics real time reports lag and takes upto 24 hours to process the entire data.
Mixpanel, has the ability to update data within seconds. It is comparatively faster than Google Analytics when it comes to data processing in real time. You would be amazed to see how real time data is changing business optimization.
3. The conversion funnel
Funnel is a best way to visually measure how visitors/users move through a series of events/pageviews.
Mixpanel provides excellent funnel analysis which Google Analytics can’t. With Mixpanel creating a funnel is easier than ever and only requires a few simple steps. Simply choose the events in sequence. They are retroactive, meaning you have the flexibility to measure different paths based on your historical data and see how fast people convert.
Google Analytics doesn’t provide any such functionality but it does allow you to create funnels for any page which needs deep understanding.
4. Individual User vs Cookies
Many industries tend to track users instead of just limiting themselves to pageviews and events. This gives them a deeper understanding of how they can monitor a user and how they move through the conversion funnel to end up a happy customer.
To determine a unique user, Google Analytics uses the browser cookies to store a unique client id. This is limited to the users visiting from a single browser and fails to track the same user across multiple devices.
To get this done, you would need to setup cross device tracking by assigning a unique user id, for which you might need to rely on a developer.
While Mixpanel, gives you the ability to track individual users instead of relying on cookies. With people analytics you are all set to create customizable profiles, search for a specific user from the list or just create your own custom profiles.
The most exciting feature is the activity feed which enables you to find out how people use your product.
5. Event Tracking
Event tracking refers to measuring actions people take on your website or product. By tracking user actions you can update your product and see which features or actions users most take.
As stated earlier that Mixpanel is even more event centric and let’s you track any user action in your app while Google Analytics tends to be more focused on measuring pageviews. In fact you can easily track customer’s actions by writing custom codes and send them as events to Google Analytics.
In a nutshell, tracking user actions is more easier in Mixpanel as compared to Google Analytics.
6. Retention Analysis
Mixpanel provides the best method for retention analysis which helps measure the behavior of new users. Whether or not they come back to use the app and how frequently they use it.
While Google Analytics does provide the cohort analysis method but is not a core functionality and the feature is still in beta. But for small businesses it provides enough Insight to help in decision making.
7. A/B testing
Both Mixpanel and Google Analytics provide A/B testing techniques but the difference is Mixpanel only provides mobile A/B testing while Google Analytics provides web A/B testing.
We can say that Mixpanel A/B testing is pretty straight and very easy specially for developers while A/B testing in GA does require some hacks to go through.
8.Segmentation & Reporting
Both tools provides excellent segmentation and reporting features but the most important thing knowing which tool provides the easiest way to go
Mixpanel provides a simple practice to create segments by breaking an event apart by its properties and create graphs of the reports. Google Analytics does the same but it requires more steps to undergo the process.
9. Incremental Properties
Mixpanel provides a manual way to set incremental properties for keeping record of customers showing more interest in your product.
In Google Analytics there is no such feature for setting incremental properties however you can use advanced segments to count customers who have purchased more than a certain number of times.
10. Data Driven Messaging
With Mixpanel, you can get in touch with your customers on the go based on the actions they take. With automatically triggered emails and push notifications you can persuade your customers use your app again and hence improve overall activity.
Google Analytics doesn’t provide features to get in touch with your customers in any way.
11. Customer Support
Mixpanel has excellent customer support and provides real assistance every step of the way. That is,from setting up the first account to understanding and using reports.
In case of Google Analytics, nobody from Google will provide support unless you have Google Analytics 360 suite. But the thing that stands out in Google Analytics is the active community groups where you can get an instant help from top analytics experts.You can say Google Analytics has the edge here over Mixpanel because of larger number of users which contributes to highly solution oriented community groups.
It would be difficult to consider a single tool to be a winner. Each tool has leverage over the other in some way. But we can conclude that for focusing on customer actions and real time interactions in larger business areas,, Mixpanel would be you go-to tool but for relatively small/medium businesses Google Analytics would be the ultimate choice. If you are considering Mixpanel for you business, make sure to keep Google Analytics in the loop as well because it comes with multiple features that its contender somewhat lacks and can provide ample amount of data for processing.