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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 Attribution
To The Purchase Funnel
                                                                      The purchase funnel — aka the marketing, conversion, or sales
    THOUGHT                                        BEHAVIOR           funnel — has long been the backbone of traditional marketing
                                                                      programs. First introduced in 1898, it depicts the theoretical
                                                                      journey that consumers take from their initial exposure to a brand
   Awareness                                         Interest         to their becoming first time and ultimately repeat customers. The
                                                                      original purchase funnel, or the AIDA model, characterizes this
                                                                      journey as a series of four stages: awareness, interest, desire
                                                                      and action. Since its initial adoption, the funnel has been updated
    Familiarity                                      Desire           to include CRM concepts such as loyalty and advocacy, and to
                                                                      address the maturation of buyers’ behavior over the last century,
                                                                      but the concept has largely withstood the test of time.
   Comparison                                     Consideration
                                                                      Marketing Silos Complicate the Purchase Funnel
      Intent                                        Purchase
                                                                      In the digital world, the purchase funnel typically operates in
                                                                      a silo within each channel. For example, search marketers
      Trust                                          Loyalty
                                                                      categorize generic keywords as top-of-the-funnel, since they
                                                                      generate customer awareness for the brand. Keywords that are
                                                                      more specific and narrow are labeled as bottom-of-the-funnel
                                                                      because they lead to higher conversion rates and sit closer to
                                                                      the sale itself. Although some effort has been made to step out
                                                                      of these silos and categorize all marketing into various funnel
                                                                      stages, it has been limited to individual marketing analysts and
                                                                      requires some serious efforts on their part to overcome the
                                                                      limitations of last-click attribution. With multi-touch attribution
                                                                      becoming more common and attainable, we can now examine
                                                                      cross-channel purchase funnels, taking all marketing touch
                                                                      points into consideration.
An attribution solution with funnel stage reporting helps                 By contrast, fractional attribution models assign partial credit
marketers understand the complete purchase journey, whether               to every touch point leading to a conversion and are able to
it is entirely online or includes offline channels. These reports         identify the influence each one had on driving the conversion.
simplify the traditional AIDA purchase funnel definitions into            Advanced attribution models use a data-driven approach to
three main stages: introducer, promoter and closer. The                   allocate the credit due to each touch point.
introducer aligns with the awareness stage; and the closer,
the action stage. The promoter stage represents all the middle            There are several ways that the fractional attribution model can
funnel activity such as interest, evaluation and consideration.           be useful:
Channels and campaigns are as unique as a consumer’s                      • Planning better campaigns and aligning organizational goals
journey through the funnel and they aren’t always easily                    of driving brand impact or conversions through a better
segmented into one of the three stages. For instance, a display             understanding of channel sequencing
channel often incorporates aspects of each. It can act entirely
in isolation or as an “assist” player that successfully influences        • Accelerating customers’ journey through the purchase funnel
conversions in combination with media from other channels.                  by identifying and addressing inefficiencies and lags along
                                                                            their path
Using Advanced Attribution to Target                                      • Customizing communications to be more relevant based on
Consumers Based on Where They Are                                           the funnel stage: tailored, educational messaging for creative
in the Purchase Funnel                                                      that serve predominately as introducers and saving offers for
                                                                            channels that serve as closers
Today’s funnel stage reports provide new insights into a
channel, site or campaign’s role as an introducer, promoter               • Incorporating CRM systems to re-engage with past customers
or closer. Standard funnel stage reports do this with a simple              to promote repeat purchase, advocacy and to reduce churn
counting exercise. For example, to determine the role of a
site, they count the number of times the site is the first, last          Using multi-touch attribution to understand the marketing funnel
or in-between touch point. They have the advantage of being               is a huge step in the right direction. To understand the real
multichannel, meaning they can aggregate some of the siloed               impact of the marketing funnel, it is critical that marketers use
data, but they are still limited in their scope and do not provide        the right fractional credits derived from a data-driven, advanced
metrics that are comprehensive enough to determine where the              attribution model.
channel sits on the introducer to promoter continuum.

                                                                             NEXT STEPS

                                                                             To learn more about Adometry, advanced attribution
                                                                             and media verification, please visit us at www.adometry.com




                                       About Adometry
                                       Founded in 2005, Adometry, Inc. provides ad verification and cross-channel attribution intelligence,
Adometry, Inc.                         plus auditing and scoring metrics, to optimize results for the world’s leading online advertisers,
4301 Westbank Dr.                      publishers, and ad networks. Through its SaaS-based advanced analytics, Adometry processes and
Building A, Ste. 100                   analyzes tens-of-billions of impressions and advertising transactions per month to identify the true
Austin, TX 78746                       consumer purchase-decision journey and to maximize marketing ROI. Adometry combines a scientifically
                                       proven methodology with a flexible and easy to implement solution to provide the fastest time to value.
1-866-512-5425                         Headquartered in Austin, Texas, Adometry is privately held and backed by Sierra Ventures, Austin
info@adometry.com                      Ventures, Shasta Ventures and Stanford University. For more information, visit www.adometry.com

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Adding Advanced Attribution To The Purchase Funnel

  • 1. 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 Attribution To The Purchase Funnel The purchase funnel — aka the marketing, conversion, or sales THOUGHT BEHAVIOR funnel — has long been the backbone of traditional marketing programs. First introduced in 1898, it depicts the theoretical journey that consumers take from their initial exposure to a brand Awareness Interest to their becoming first time and ultimately repeat customers. The original purchase funnel, or the AIDA model, characterizes this journey as a series of four stages: awareness, interest, desire and action. Since its initial adoption, the funnel has been updated Familiarity Desire to include CRM concepts such as loyalty and advocacy, and to address the maturation of buyers’ behavior over the last century, but the concept has largely withstood the test of time. Comparison Consideration Marketing Silos Complicate the Purchase Funnel Intent Purchase In the digital world, the purchase funnel typically operates in a silo within each channel. For example, search marketers Trust Loyalty categorize generic keywords as top-of-the-funnel, since they generate customer awareness for the brand. Keywords that are more specific and narrow are labeled as bottom-of-the-funnel because they lead to higher conversion rates and sit closer to the sale itself. Although some effort has been made to step out of these silos and categorize all marketing into various funnel stages, it has been limited to individual marketing analysts and requires some serious efforts on their part to overcome the limitations of last-click attribution. With multi-touch attribution becoming more common and attainable, we can now examine cross-channel purchase funnels, taking all marketing touch points into consideration.
  • 2. An attribution solution with funnel stage reporting helps By contrast, fractional attribution models assign partial credit marketers understand the complete purchase journey, whether to every touch point leading to a conversion and are able to it is entirely online or includes offline channels. These reports identify the influence each one had on driving the conversion. simplify the traditional AIDA purchase funnel definitions into Advanced attribution models use a data-driven approach to three main stages: introducer, promoter and closer. The allocate the credit due to each touch point. introducer aligns with the awareness stage; and the closer, the action stage. The promoter stage represents all the middle There are several ways that the fractional attribution model can funnel activity such as interest, evaluation and consideration. be useful: Channels and campaigns are as unique as a consumer’s • Planning better campaigns and aligning organizational goals journey through the funnel and they aren’t always easily of driving brand impact or conversions through a better segmented into one of the three stages. For instance, a display understanding of channel sequencing channel often incorporates aspects of each. It can act entirely in isolation or as an “assist” player that successfully influences • Accelerating customers’ journey through the purchase funnel conversions in combination with media from other channels. by identifying and addressing inefficiencies and lags along their path Using Advanced Attribution to Target • Customizing communications to be more relevant based on Consumers Based on Where They Are the funnel stage: tailored, educational messaging for creative in the Purchase Funnel that serve predominately as introducers and saving offers for channels that serve as closers Today’s funnel stage reports provide new insights into a channel, site or campaign’s role as an introducer, promoter • Incorporating CRM systems to re-engage with past customers or closer. Standard funnel stage reports do this with a simple to promote repeat purchase, advocacy and to reduce churn counting exercise. For example, to determine the role of a site, they count the number of times the site is the first, last Using multi-touch attribution to understand the marketing funnel or in-between touch point. They have the advantage of being is a huge step in the right direction. To understand the real multichannel, meaning they can aggregate some of the siloed impact of the marketing funnel, it is critical that marketers use data, but they are still limited in their scope and do not provide the right fractional credits derived from a data-driven, advanced metrics that are comprehensive enough to determine where the attribution model. channel sits on the introducer to promoter continuum. NEXT STEPS To learn more about Adometry, advanced attribution and media verification, please visit us at www.adometry.com About Adometry Founded in 2005, Adometry, Inc. provides ad verification and cross-channel attribution intelligence, Adometry, Inc. plus auditing and scoring metrics, to optimize results for the world’s leading online advertisers, 4301 Westbank Dr. publishers, and ad networks. Through its SaaS-based advanced analytics, Adometry processes and Building A, Ste. 100 analyzes tens-of-billions of impressions and advertising transactions per month to identify the true Austin, TX 78746 consumer purchase-decision journey and to maximize marketing ROI. Adometry combines a scientifically proven methodology with a flexible and easy to implement solution to provide the fastest time to value. 1-866-512-5425 Headquartered in Austin, Texas, Adometry is privately held and backed by Sierra Ventures, Austin info@adometry.com Ventures, Shasta Ventures and Stanford University. For more information, visit www.adometry.com