From statistics to profit: An unexpected data journey

6 minute read Published: 2024-12-25

Three websites, two pivots, and one profitable accident. That's how our Statistics and Data Analysis course project evolved from studying website metrics to accidentally building a casino affiliate business. Here's the story of how we stopped worrying about perfect analytics and started making actual money.


Google Analytics has this way of making you feel simultaneously overwhelmed and underwhelmed:

Overwhelmed by the sheer amount of data, underwhelmed by how little of it actually matters. After spending weeks diving deep into analytics tools and metrics, we learned that sometimes the most valuable data isn't in your analytics dashboard at all.

Background

During the Statistics and Data Analysis course, our team of three had an ambitious plan: analyze website metrics across three different projects:

  1. A new Business Academy website
  2. Our course cooperative's digital agency site
  3. A casino affiliate website aggregating Latvian casinos (mansbonuss.com)

The goal was to compare metrics across different types of websites and extract meaningful insights. However, as often happens in the real world, our plans took an interesting turn.

The Analytics Landscape

After researching and testing different analytics solutions, here's what we learned about each:

Google Analytics 4 (GA4)

The Good:

The Bad:

Meta Pixel (Facebook Pixel)

The Good:

The Bad:

Plausible Analytics

The Good:

The Bad:

Matomo (formerly Piwik)

The Good:

The Bad:

Our Analytics Stack Decision

After evaluating our needs and constraints, we ended up on:

  1. Google Analytics 4 for:

    • Core website metrics
    • User behavior tracking
    • Custom event tracking
    • Conversion tracking
  2. Meta Pixel for:

    • Ad campaign performance
    • Audience insights
    • Retargeting capabilities
    • Social traffic analysis
  3. (additional) TikTok purhcased views for:

    • Bigger audience reach
    • More precise targeting
    • Better conversion rates

While we didn't use Meta Pixel yet, we're planning to use it in the future for paid ads.

Here's why GA4 and Meta Pixel is the best choice for us:

  1. Cost Efficiency: The free tier is more than enough for our needs
  2. Complementary Data: GA4 for general analytics, Meta Pixel for social insights
  3. Future Proofing: Learning industry-standard tools
  4. Marketing Potential: Ready for future paid advertising

The Unexpected Turn

While setting up analytics across our three projects, something interesting happened. Our casino affiliate website started getting real traffic, and more importantly - potential for real revenue. Our focus quickly shifted from pure analytics to:

  1. Understanding affiliate partnerships
  2. Tracking conversion rates
  3. Optimizing for actual revenue

This wasn't just about numbers anymore - it was about real business opportunities. While we were supposed to be studying statistics, we found ourselves negotiating affiliate deals and optimizing landing pages.

What We Actually Learned

From Analytics:

Here's what our traffic sources looked like:

Traffic Sources Traffic Sources Traffic Sources

Key insights:

  1. Mobile traffic dominated (over 60%)
  2. Users spent more time on comparison pages
  3. Organic search was our main traffic source

From Business Reality:

  1. Revenue potential matters more than perfect analytics
  2. Real user behavior often surprises you
  3. Being flexible with your goals is crucial

The Tools We Actually Used

Our final tech stack was simpler than planned:

// Google Tag Manager for tracking casino clicks
dataLayer.push({
'event': 'casino_click',
'casino_name': 'Example Casino',
'button_location': 'comparison_table',
'device_type': 'mobile'
});

  1. Google Analytics 4: For basic metrics
  2. Google Tag Manager: For event tracking
  3. Google Sheets: For revenue tracking (sometimes simple is best)

Key Takeaways

  1. Start Simple: Don't try to track everything at once
  2. Follow the Money: When revenue opportunities appear, don't ignore them
  3. Real Data > Perfect Data: Some insights are better than no insights
  4. Stay Flexible: Your initial plan might not survive contact with reality

Looking Forward

While we didn't complete our original analytics comparison across three websites, we ended up learning something more valuable - how to use data to drive real business decisions. Sometimes the best lessons come from the projects that don't go as planned.

The casino affiliate website continues to grow, and we're now focusing on:

  1. Optimizing conversion rates
  2. Expanding our casino partnerships
  3. Using data to make better content decisions
  4. Actually making money (turns out this is important)

Final Thoughts

Our journey from academic analytics project to potential business venture taught us that while data is important, action is essential. Sometimes the best data insights come from actually building something and seeing what happens.

Now, if you'll excuse me, I need to go check our conversion rates... or maybe just build another casino comparison table.

Assess for Success: Marketing Analytics and Measurement Google Analytics Certification