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How to use marketing attribution to achieve your business goal Marketing attribution is quite important for any business as it makes the marketing land less complex and easy to work. With so many types of customers, channels, and choices it becomes quite a difficult task to understand where to focus in and how to gain maximum result with your business efforts. Deciding where to start is also a big question for marketers. Being a marketer, it becomes hard to understand which customer you should be hitting with emails, Facebook ads, and other marketing techniques. Only knowing which is your targeted audience is still not enough as you still need to target them at the most opportune time to gain their attention and convert them into buyers. Thankfully you don’t need to worry so much. Marketing attribution solves all these problems and makes the marketing scenario less vague by identifying and defining customers, channels, and efforts with different strategies. But before getting into the use of marketing attribution you should know that not everyone is well aware of what it means and how it can help your business. Therefore, to help you with your business goals, the below guide is given to use marketing attribution to take your business to the next level. Understanding marketing attribution It is sometimes found that although companies are using marketing attribution, they have zero ideas of whether their marketing is working or not. although they are spending a ton of money and time creating content and running ads, they are doing it all without even understanding whether their efforts are driving results to their business or not. The simple solution to get more conversions is to simply identify what is already working and then put more effort into the same. In simple words, marketing attribution is all about finding out which touchpoints the user has most interacted with before becoming a customer and making the final purchase decision. Although in theory, it seems to be an easy task, in practice it is not. the different touchpoints that any customer interacts with include all kinds of interactions. Starting from a commercial on television to a promotional email. A marketing attribution model is simply a set of rules that guides you on how to assign credit to each touchpoint based on its usefulness. It is through this that you can determine which channel or media is driving the maximum number of customers to convert and make a purchase.
If you are new to using marketing attribution models and their types, then the below description will help you understand the different types of marketing attribution models and how they work according to various business needs. First touch attribution The first touch attribution model gives all the credit to the very first touchpoint which leads a visitor to your website at the initial stage for the very first time. But the credit applies to the touchpoint even if the user doesn’t subscribe to your email list, make a purchase or do any of the converting activity. Last touch attribution model The last touch attribution model is the exact opposite of the first touch attribution. This model gives all the credit to the final touch before the customer makes the final purchase. Lead conversion touch attribution This attribution model is different from both the above-discussed models. This model gives all the credit to the touchpoints that generated the lead. It helps the marketer to identify which are the touchpoints that are generating leads. Conclusion By understanding how marketing attribution model for your business, you can easily attain your business goal and gain maximum customers. works and identifying which one is the right attribution