Article Attribution Funnel (1)
-
Upload
vasuki-boopathy -
Category
Documents
-
view
216 -
download
0
Transcript of Article Attribution Funnel (1)
-
7/30/2019 Article Attribution Funnel (1)
1/2
The purchase unnel aka the marketing, conversion, or sales
unnel has long been the backbone o traditional marketing
programs. First introduced in 1898, it depicts the theoretical
journey that consumers take rom their initial exposure to a brandto their becoming rst time and ultimately repeat customers. The
original purchase unnel, or the AIDA model, characterizes this
journey as a series o our stages: awareness, interest, desire
and action. Since its initial adoption, the unnel has been updated
to include CRM concepts such as loyalty and advocacy, and to
address the maturation o buyers behavior over the last century,
but the concept has largely withstood the test o time.
Marketing Silos Complicate the Purchase Funnel
In the digital world, the purchase unnel typically operates in
a silo within each channel. For example, search marketers
categorize generic keywords as top-o-the-unnel, since they
generate customer awareness or the brand. Keywords that are
more specic and narrow are labeled as bottom-o-the-unnel
because they lead to higher conversion rates and sit closer to
the sale itsel. Although some eort has been made to step out
o these silos and categorize all marketing into various unnel
stages, it has been limited to individual marketing analysts and
requires some serious eorts on their part to overcome the
limitations o last-click attribution. With multi-touch attribution
becoming more common and attainable, we can now examine
cross-channel purchase unnels, taking all marketing touch
points into consideration.
To understand the real impact of the marketing funnel, marketers need to use the right fractional credits obtained from a data-driven,
advanced attribution model.
Adding Advanced AttributionTo The Purchase Funnel
THOUGHT BEHAVIOR
Awareness Interest
Familiarity Desire
Comparison Consideration
Intent Purchase
Trust Loyalty
-
7/30/2019 Article Attribution Funnel (1)
2/2
An attribution solution with unnel stage reporting helps
marketers understand the complete purchase journey, whether
it is entirely online or includes ofine channels. These reports
simpliy the traditional AIDA purchase unnel denitions into
three main stages: introducer, promoter and closer. The
introducer aligns with the awareness stage; and the closer,
the action stage. The promoter stage represents all the middle
unnel activity such as interest, evaluation and consideration.
Channels and campaigns are as unique as a consumers
journey through the unnel and they arent always easily
segmented into one o the three stages. For instance, a display
channel oten incorporates aspects o each. It can act entirely
in isolation or as an assist player that successully infuences
conversions in combination with media rom other channels.
Using Advanced Attribution to TargetConsumers Based on Where They Arein the Purchase Funnel
Todays unnel stage reports provide new insights into a
channel, site or campaigns role as an introducer, promoter
or closer. Standard unnel stage reports do this with a simple
counting exercise. For example, to determine the role o a
site, they count the number o times the site is the rst, last
or in-between touch point. They have the advantage o being
multichannel, meaning they can aggregate some o the siloed
data, but they are still limited in their scope and do not provide
metrics that are comprehensive enough to determine where the
channel sits on the introducer to promoter continuum.
By contrast, ractional attribution models assign partial credit
to every touch point leading to a conversion and are able to
identiy the infuence each one had on driving the conversion.
Advanced attr ibution models use a data-driven approach to
allocate the credit due to each touch point.
There are several ways that the ractional attribution model can
be useul:
Planning better campaigns and aligning organizational goals
o driving brand impact or conversions through a better
understanding o channel sequencing
Accelerating customers journey through the purchase unnel
by identiying and addressing ineciencies and lags along
their path
Customizing communications to be more relevant based on
the unnel stage: tailored, educational messaging or creative
that serve predominately as introducers and saving oers or
channels that serve as closers Incorporating CRM systems to re-engage with past customers
to promote repeat purchase, advocacy and to reduce churn
Using multi-touch attribution to understand the marketing unnel
is a huge step in the right direction. To understand the real
impact o the marketing unnel, it is critical that marketers use
the right ractional credits derived rom a data-driven, advanced
attribution model.
NEXT STEPS
To learn more about Adometry, advanced attributionand media verication, please visit us at www.adometry.com
About Adometry
Adometry, Inc. redenes marketing analytics by combining and interpreting previously silo-ed sources o big data to
generate actions that improve return on advertising spend and increase sales. Through its SaaS-based attribution
platorm, Adometry processes tens-o-billions o marketing touch points rom online and ofine media channels or
some o the worlds largest advertisers to identiy the true consumer purchase journey. Adometrys scientically proven
methodology and fexible, easy-to-implement solution generates the industrys most accurate insights, in the shortest
amount o time. Headquartered in Austin, Texas, Adometry is privately held and backed by Austin Ventures, Sierra
Ventures, Shasta Ventures and Stanord University. For more inormation, visit www.adometry.com
Copyright 2013. Adometry, Click Forensics and ClickScore are registered trademarks o Adometry, Inc. Adometry Attribute is a trademark o
Adometry, Inc. All Rights Reserved. 0513
Adometry, Inc.
6801 N. Capital o Texas Hwy.
Lakewood Center II, Suite 250
Austin, TX 78731
1-866-512-5425