Attribution Review

One of themost  interesting features of Attribution is that it provides users with tools that help them analyze customers and events as they evaluate the performance of their marketing campaigns. Thus, the software allows them to obtain insights on the stories of their customers. They will be able to analyze the events they have gone through or their histories before they decided to purchase a product and after they purchased it.

Because of this, users will be able to treat and analyze their customers as real individuals who have stories to tell. This is an effective way of understanding their customers rather than simply looking on a spreadsheet, which shows them the number of their customers that have converted. Therefore, they will be able to obtain better insights and make better marketing decisions.

Another reliable feature offered by Attribution is that businesses and companies will be able to use various attribution models as they evaluate their campaigns across advertising platforms such as Facebook and AdWords. These models include first touch, last touch, and multi-touch attribution models (linear and time decay).

The first touch attribution model is a type of single touchpoint marketing attribution model that assigns credit only to the first event, activity, campaign, or channel that a customer or lead has interacted with before he or she made the purchase. On the other hand, the touch point model is the opposite of the single touch attribution model; wherein the credit is assigned to the event, activity, campaign, or channel that immediately preceded the sale or conversion.

Meanwhile, the linear attribution model is a type of multi-touch attribution model wherein all activities, events, campaigns, and channels that a customer or lead have gone through are given the same credit. In contrast, the time decay model gives more credit to those touchpoints closest to the actual time of sale or conversion. As users apply these attribution models, they will be able to give credits to their conversions accurately. Also, using them will eliminate duplicate tracking.

Attribution also allows users to track their true ROI (return on investment) and RoAS (return on ad spend). The software pulls in cost data or ad spending data from their advertising platforms,  and it connects that data to specific users. As a result, users will be able to track the revenue generated from those users over time.

In addition, the software enables them to track any type of spending on their marketing channels. For instance, they can track the ROI generated by their social media consultants or that generated by their marketing campaigns which target a specific segment of their customers and defines a specific product. The latter is also known as niche marketing.