Navigating the Complexities of Attribution

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Transcript of Navigating the Complexities of Attribution

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Navigating the

Complexities of

Attribution

HOSTED BY:

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Presenters• Aaron Fletcher

– Network Operations Jedi at C3 Metrics

– @c3metrics

• Jacob Brown– Senior Account Analyst at Hanapin Marketing

– PPC Hero Blogger

– @jakebrownppc

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– Run the world’s most popular PPC blog

and conference.

– We manage and optimize global paid

search, paid social, and display programs.

– Within 12 months, brands can expect a

250% increase in their growth trajectory.

Who is Hanapin?

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Our Clients

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HQ: PORTSMOUTHSAN DIEGO • ATLANTA

100+ CLIENTSWORLDWIDE

EST. 2010MEDIA AGNOSTIC

WINNERSRed Herring 100 (Global)

AlwaysOn (Global)

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6© 2017 C3 Metrics, Inc. All Rights Reserved.Machine-Learning • 15-44% ROI Improvement • www.C3Metrics.com

C3 MetricsLeaders in TV & Digital measurement

John Dimling

Fmr Chairman & CEO, NielsenJeffrey Silverman

Fmr President, DoubleClick

Jeff Greenfield

Founder, COO

Mark Hughes

Founder, CEO

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7© 2017 C3 Metrics, Inc. All Rights Reserved.Machine-Learning • 15-44% ROI Improvement • www.C3Metrics.com

Leading BrandsSingle Source of Cross-Channel Truth for Marketing & Finance

MARKETING CHANNELS:DIGITAL - TV – RADIO – OOH – PRINT – MAGAZINE

PR – CONTENT – PRODUCT PLACEMENT

CONVERSION SOURCES:ONLINE – APP - CALL CENTER – CRM –

BRICK & MORTOR

THE C3 DIFFERENCE:SECURITY – 100% US BASED –

MACHINE LEARNING MODEL – 44% ROI

Additional Details:

C3 IS KNOWN FOR:DATA ACCURACY – OFFLINE/TRADITIONAL

CAPABILITY – BEST IN PROGRAMATIC –

INTEGRATED VIEWABILITY + CROSS-DEVICE

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Join the conversation

• Include the hashtag #thinkppc in your Twitter tweets.

Or use the webinar question box to send us questions.

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Live Poll Question #1

How long have you been in Online

Advertising?

#thinkppc

A. Less than 1 year

B. 1-3 years

C. 3-5 years

D. 5+ years

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#thinkppc

Non Data-Driven Model

Options

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Non Data-Driven Model

Options

Last Interaction:Giving full credit to the last

interaction the user had

(typically last click).

Good For: Customer retention and

continuing to put focus on

bottom funnel efforts. (Brand

Traffic, Direct Traffic, RLSA

Traffic)

First Interaction: Giving full credit to the first

interaction the user had.

Good For: Growth initiatives. Higher funnel

marketing (Display, High Funnel

Social efforts, Non-Brand keyword

targeting)

Linear: Giving equal credit to each

interaction up until the conversion.

Good For: Trying to create equal value

across funnels

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Non Data-Driven Model

Options

Time Decay:The closer to the action of

converting the more credit the

touchpoint will receive.

Good For: Customer retention and

continuing to put focus on

bottom funnel efforts. (Brand

Traffic, Direct Traffic, RLSA

Traffic)

Position Based: Gives 40% credit to first and last

interactions and splits the other

20% to the middle

Good For: Gaining new customers and the

very bottom of the funnel (Brand,

Direct traffic).

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Non Data-Driven Model

OptionsIssues with Non Data-Driven Models

● None of these models use extra levels of data to help prove what is

driving sales

● All of these models are ‘set’ models, meaning no machine learning is

occurring

● Most of these models (Last Interaction, First Interaction, Time

Decay, Position-Based) hurt certain levels of the funnel without any

proof that the level of the funnel isn’t helping the bottom line

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Non Data-Driven Model

OptionsBayesian Theorum

● Thomas Bayes was thought to be the first person to write about how prior

information can help determine later outcomes.

● Its this same thinking that helped Alan Turing used break the Enigma code

during WW2. The Machine he built was also thought to be the start of modern

computers.

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Non Data-Driven Model

OptionsHow C3 Metrics Uses Bayesian

● Time to conversion

● Viewability

● Consistency of Position

● Causality

All of these inputs can be used to analyze a funnel on a user by user basis,

giving us the ability to analyze all the previous models in one.

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#thinkppc

Using Correlation Formulas

to Judge Upper Funnel

Efforts

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Using Correlation Formulas

Process of Getting Correlation Formulas

● Get raw data from last 365 days on your lower funnel metric and higher funnel metric

you’re comparing

● Breakdown the data into 7 day averages rather than using day-by-day stats in an attempt

to remove daily outliers

● Use the correlation formula on the 7 day averages: correl(range1,range2) & create graphs

to visualize the trends

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Using Correlation Formulas

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Using Correlation Formulas

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#thinkppc

Knowing Your Cycle,

Knowing Your Funnel

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Knowing Your Cycle

● How long of a time range is there between different stages typically?

○ Awareness to Lead Form

○ Lead Form to Sale

● At what stage should your focus be?

○ Are you lacking growth (need more awareness)

○ Are you seeing traffic growth but no lead growth? (need better middle

funnel advertising)

○ Are you seeing leads but lacking sales? (need better nurturing efforts)

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Knowing Your Funnel

● Video Advertising (YouTube or TV)

● Interests, Topic Targeting on Display

● Interest Targeting on Social Networks

● More broad keywords in Search

● Lookalike Audience Targeting in Display

& on Social Networks

● Long-Tailed or Brand keywords in

Search

● Display Remarketing, Social

Remarketing or RLSA Efforts

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#thinkppc

Using C3 to Align Your

Cycle & Your Funnel

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C3 Funnel Insights

OriginatorActivity receives credit for

originating a user's activity

with your brand which

helped lead to a conversion

or sale.

RosterActivity gets credited for

helping to build the base for

a user and educate a user

who eventually converted

AssisterActivity receives credit for

helping to directly assist a

user by getting them to the

conversion step

ConverterActivity gets credited for

being the last step in the

process that got the user to

convert directly

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Aligning Your Cycle & Funnel

● Looking for YoY growth? Put more money in your advertising efforts that do well as

originators

● Looking to improve your sales or lead rates? Put more money in your advertising efforts or

similar efforts that project to do well as roster builders or assisters

● Looking to improve your account efficiency & direct conversion rates? Put more money

or more strategy into your remarketing or other efforts that have proven to have value as

converters

● Looking to improve sales rates off leads OR returning customer rates for eCommerce?

Put more into your lead nurturing efforts and/or your customer retention efforts. From RLSA to

Social remarketing to Email advertising.

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#thinkppc

AVSR is ROI

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AVSR is ROI

● AVSR = Attributed Value to Spend Ratio

● AVSR is C3 Metrics way of determining return on value

● Originator + Roster + Assist + Converter = Total Attributed Value

● TAV/Spend = AVSR or ROI

● Spend/TAV = ACPA or CPA

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Offers!

A. I'd like to learn more about C3 & getting fees waived!

B. I'd like to be emailed more info on Excel

Extravaganza!

C. I’d like both!

D. No, thanks.

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Live Q&A Time!

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#thinkppc

Thank you for attending our webinar!

#thinkppc

Contact Hanapin Directly: [email protected]

Contact C3 Metrics Directly: [email protected] Marketing | The PPC Agency of Experts that Produce PPC Hero and Hero

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