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Attribution modelling 101 - Coast Digital Webinar

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Attribution modelling 101 - Coast Digital Webinar

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Creating a model that properly measures the success of your digital marketing campaigns is one of the biggest challenges we currently face as marketers.

Top of funnel activities generally don’t get the recognition they deserve from traditional measurement methods. That’s why attribution modelling is so important – if you’re going to make decisions about your marketing budget, you need to do it with the right information in hand.

This webinar covers a multitude of topics, including:

- Understanding what attribution is and the role it plays
- Understanding the different models, and what they’re used for
- Using a real case example to demonstrate appraising
performance with different models, and how to use this to make
better decisions

This is followed by a Q&A session.

Creating a model that properly measures the success of your digital marketing campaigns is one of the biggest challenges we currently face as marketers.

Top of funnel activities generally don’t get the recognition they deserve from traditional measurement methods. That’s why attribution modelling is so important – if you’re going to make decisions about your marketing budget, you need to do it with the right information in hand.

This webinar covers a multitude of topics, including:

- Understanding what attribution is and the role it plays
- Understanding the different models, and what they’re used for
- Using a real case example to demonstrate appraising
performance with different models, and how to use this to make
better decisions

This is followed by a Q&A session.

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Attribution modelling 101 - Coast Digital Webinar

  1. 1. Attribution Modelling 101 Webinar Hosted by Darren Bond
  2. 2. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk The Challenge A B
  3. 3. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk What we’re covering What is Attribution Modelling? Why does it matter? 5 Basic Attribution models and why they’re useful Justifying the need Making better decisions An example
  4. 4. What is Attribution Modelling
  5. 5. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk What is Attribution Modelling? An attribution model is the rule, or set of rules, that determines how credit for sales and conversions is assigned to touchpoints in conversion paths. Google
  6. 6. Why Does Attribution Modelling Matter?
  7. 7. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Why Does Attribution Modelling Matter? Attribution Modelling is critical when: • Analysing Marketing Performance • Planning for Growth • Assigning Budget
  8. 8. 5 Basic Attribution Models
  9. 9. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk A simple user journey… First Interaction 2nd Interaction 3rd Interaction Last Interaction
  10. 10. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% Last Interaction Pros Cons Simple Easy to understand Weighted to Converting Channels Doesn’t show impact of introducing Channels
  11. 11. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% Last ‘Non-Direct’ Interaction Pros Cons Credits the last marketing interaction True Direct interactions are unaffected Weighted to Converting Channels Doesn’t show impact of introducing Channels
  12. 12. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% First Interaction Pros Cons Credits introducing channels Brand & Content led activity benefit Only covers the First introduction Middle interactions still see nothing
  13. 13. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% Linear Interaction Pros Cons Credits all the touch points Doesn’t show which interactions were most impactful 25%25%25%25%
  14. 14. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% Position Based Pros Cons Credits all touch points Weights First & Converting Interactions Mid Journey Interactions might be undervalued 40%10%10%40%
  15. 15. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk 100% Time Decay Pros Cons Credits all touch points Good for time sensitive activity Similar to Last Interaction 10 days ago 3 days ago Today Right Now
  16. 16. Justifying the need for Attribution
  17. 17. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Justifying the need One of the best ways to tell that you need to look at how you attribute conversion success is to look at assisted conversions Use the ratio to see how channel roles differ… Conversions > Multi-Channel Funnels > Assisted Conversions
  18. 18. Making Better Decisions
  19. 19. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Comparing Models
  20. 20. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Launching a new product
  21. 21. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Reviewing Messaging & Positioning
  22. 22. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Understanding Search Funnel “Why is my electricity bill so high” “Compare electricity suppliers” “[Brand] Reviews” “[Brand]”
  23. 23. Example…
  24. 24. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Budgeting & Planning Channel Conversions Budget Cost Per Acquisition Assists Ratio Direct 76,733 63,999 0.83 Paid Search 45,916 £35,000 £0.76 35,577 0.77 Organic 10,852 10,300 0.95 Email 4,109 6,554 1.6 Display 422 £1,000 £23.69 3,182 7.54 Affiliate 1 270 £1,500 £5.55 1,690 6.26 Affiliate 2 1,709 £1,500 £0.87 1,560 0.91 Referral 1,007 1,491 4.48 Social 27 59 2.19
  25. 25. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Budgeting & Planning Channel Conversions Budget Cost Per Acquisition Assists Ratio Direct 76,733 63,999 0.83 Paid Search 45,916 £35,000 £0.76 35,577 0.77 Organic 10,852 10,300 0.95 Email 4,109 6,554 1.6 Display 422 £1,000 £23.69 3,182 7.54 Affiliate 1 270 £1,500 £5.55 1,690 6.26 Affiliate 2 1,709 £1,500 £0.87 1,560 0.91 Referral 1,007 1,491 4.48 Social 27 59 2.19
  26. 26. Wrap Up
  27. 27. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk We’ve Covered What is Attribution Modelling? Why does it matter? 5 Basic Attribution models and why they’re useful Justifying the need Making better decisions An example
  28. 28. Want to talk about attribution? Call us today on 0845 450 2086 email info@coastdigital.co.uk Can we help? Free Attribution Audit We’re offering a limited number of these free audits, in which our experts will look at your marketing results and analyse whether your current measurement model is giving you an accurate view of how your digital marketing is performing Get in touch today
  29. 29. Q&A

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