Most of us use Google Analytics which is free to analyze our traffic and this is a good practice, but self analysis of your website should be augmented by sharing your traffic stats to the whole world.
This cannot be done through analytics as such, there are many other services which can do this but in my personal preference i use stat counter to achieve this for me.
StatCounter is a paid service but there is also a fully functional free version which is out there to try and believe me the free version is also as powerful as the paid version for a normal user.
StatCounter gives you a quick way to analyze your traffic data,although analytics gives much better presentation of the data but still for the simplicity sake i prefer stat counter.
One more benefit for which i use stat counter is its summary area which you can share with other people.
Although you can face one problem while using statcounter that how to enable showing stats to guest user to your blog or your website.
By default if you provide the link given by stat counter it will ask you the login credentials but if you just append &guest=1 after the link as shown in figure" then whenever the user clicks the link from his website he will be redirected to the summary page of your project in the stat counter.
I personally use both stat counter and google analytics to keep track of traffic on my websites.