Understanding Multi-Channel Attribution Modeling of Sales force Marketing:
Multi touchpoint attribution modeling is basically a set of rules which holds the
authority of assigning credit to various touch points a customer had been
through before its final conversion. A touchpoint is an information on a
specific point of engagement which describes complete online presence of a
customer including who, what, when and where.
These are basically in form of a data table where every row gives us
information about various touch points, while every column describes them, like
the person, opportunity, content web page, form, location, time revenue value,
campaign and other things associated to it.
In
a multi-channel attribution model, it has everything to do with the revenue
across a customer’s journey. Attribution here refers to the set of methods
which can assign and quantify value associated with a customer journey across
multiple channels.
Revenue in this context is basically the value
which is assigned to various touch points. By utilizing various attributions
modeling techniques you can also give final conversion credit to these touch
points too. Be it a shared credit system or assigning credit to the first touch
or the last touch, any action which is deemed to be valuable can be given the
due credit with attribution modeling.
Multi-Channel Attribution Modeling in Google Analytics:
We
can use various multi-channel attribution models with Google Analytics. The
only backdrop of this reporting is that here the revenue and opportunity data
is housed in a CRM. This can track all the information, campaigns which are
account-based and a part of offline marketing.
Google
Analytics is great if the final purchase is done on your own website. Like any
e-commerce website, Google Analytics for such websites can be appealing and
useful in the long run and also study the final reports. But in case if you
have a complex sales cycle, offline and online integration and
multiple-channels then a more detailed attribution modeling technique would be
required.
In
addition to this, the digital marketing platform gets a healthy level of
investment. While a customer is en route to his buying journey, he engages in
various other platforms before ending up buying the final product.
Attribution of Salesforce Marketing:
In
a Salesforce marketing attribution, the multi-channel reporting is mostly limited.
In this revenue, the campaign can be attributed in a highly limited way. It is
a simplified way to do campaigning, making it a single-touch attribution for
the entire project.
If
in case a part of the campaign has to be credited, the entire channel shares
the overall credit. Even if the project is a part of multiple campaigns, the
revenue gets credited to the last campaign associated with the project. It can
be little confusing and can tend to show results which differ from the actual
expectations.
With
salesforce attribution marketing, it is essentially binary in a fashion which
dignifies last click attribution modeling technique. Although you can bring in
multi-channel attribution with Salesforce in reporting, yet it can disrupt
complete results as it credits the entire opportunity to each associated
campaign. This can at times lead to over-reporting of revenue.
So,
we can say is that adopting a multi-channel
attribution model cannot happen
overnight. Especially for Salesforce marketing technique, this type of
technology and measurement method requires multiple teams and
coordination. But in case, you have
already applied Google Analytics and Salesforce, you have the option of
implementing properly coordinated multi-channel market attribution method.
About Author-
Windsor,
an advanced data integration and advertising company, can help advertisers
build an optimal understanding of their strongest and weakest customer
touch-points, with efficient multi-channel attribution modeling. WINDSOR offers
various other solutions like programmatic advertising automation and data
integration and streaming. You can visit their website for a detailed
description of their ROI-enhancing solutions. Contact us with Facebook and Twitter.
Understanding Multi-Channel Attribution Modeling of Salesforce Marketing
Reviewed by Pravesh Maurya
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