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Radical Transparency
The document highlights challenges in marketing attribution, emphasizing a lack of understanding, data access issues, and the need for tailored models. It showcases a marketing department's approach to tracking performance by implementing URL parameters for digital ads, allowing them to attribute marketing spend effectively. The results show a significant increase in online revenue and return on ad spend, despite a decrease in digital ad spend, underscoring the importance of re-evaluating attribution methodologies.
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Radical Transparency
- 1. RADICAL TRANSPARENCY IN MEASURINGMARKETING PERFORMANCE
- 3. 19% 54.2% OF TOTALU.S. AD SPENDDIGITAL AD SPEND 2019FORECAST
- 4. “Attribution is somethingeveryone knows they need to have, but they don’t understand it…” —Jeff Greenfield, C3 Metrics
- 5. WHY DO MARKETERSSTRUGGLE TO ADVANCE OUR ATTRIBUTION EFFORTS?
- 6. Lack of understanding Lackof companywide buy-in Difficulties in accessing the right data Problems with technology integration Transparency and accuracy of reporting
- 7. ONE SIZE DOESNOT FIT ALL
- 9. WHAT TYPE OFATTRIBUTION MODELING IS BEST FOR MY COMPANY?
- 10. Digital Attribution • Last-click •First-click • View-through
- 11. Digital Attribution • Last-click •First-click • View-through Multitouch Attribution • Linear • Position-based • Time decay • Algorithmic • Holistic
- 12. ONE SIZE DOESNOT FIT ALL
- 16.
- 17.
- 18. WHAT’S OUR RETURNON AD SPEND?
- 19. -$5 +$100 +$100 -$5 -$5 +$100 -$5 $100/$5= $20 ROAS $100/$5 = $20 ROAS $100/$10 = $10 ROAS
- 24. WHICH OF THESEADS GETS THE CREDIT?
- 25.
- 27.
- 28. Channel CampaignPlatform www.nba.com/jazz/tickets/single-game?cid=jazz_social_twitter_natural_tixpush20190122 As amarketing department, we began including URL parameters on all digital ads. We do that so when a customer clicks and lands on our site, we’d know exactly how they got there.
- 29. Select a channelfrom the drop-down menu. Enter the name of the campaign. Enter the webpage where customers should land The tool spits out a link with all the needed parameters
- 30. Using various platforms, we capturelarge amounts of website data, including these URL parameters These platforms combine data across both Jazz and Ticketmaster websites, allowing us to track visitors from when they first click an ad, to when they make a purchase We put this website data into our data warehouse, where we link it together with marketing spend and sales data We then attribute spend, traffic, orders and revenue to the appropriate marketing channels and campaigns
- 32. Channel Rev TY Rev LY Rev YoY Spend TY Spend LY Spend YoY Rev/Spend TY Rev/Spend LY Rev/Spend YoY Orders TY Direct/Other Site $2,491,576$2,018,071 23% 14,834 Search-Nat $1,660,727 $494,673 236% 9,631 Email $553,285 $158,568 249% 2,773 Search-Paid $128,495 $88,312 46% $20,450 $55,575 -56% $6.28 $1.59 295% 701 Social-Nat $124,183 $18,777 561% 671 Social-Paid $11,835 $6,689 77% $62,115 $33,970 130% $0.19 $0.20 -3% 147 App Push $9,843 $965 920% 68 Display $7,259 $10,610 -32% $3,524 $80,063 -95% $2.06 $0.13 1,455% 34 Grand Total $4,987,203 $2,796,663 78% $86,088 $169,608 -49% $57.93 $16.49 251% MARKETING SCORECARD
- 33. Campaign Rev TY Orders TY Orders LY AOS TY Tix TY Tix LY Custs TY jazz_email_market_2019.01.07_lakerspack_offer $24,428 700 $349 416 0 70 jazz_email_market_2018.11.28_holidaypacks_offer $24,189 99 0 $244 299 0 87 jazz_email_market_2018.11.15_tripledouble_offer $20,326 75 0 $271 533 0 67 jazz_email_market_2018.10.03_gssubscriber_offer $20,206 71 0 $285 244 0 70 jazz_email_market_2018.12.17_picktwo_offer $20,188 85 0 $238 264 0 76 jazz_email_market_2018.09.07_offer $16,710 96 0 $174 303 0 79 jazz_email_market_2018.11.26_cybermonday_offer $13,843 59 0 $235 212 0 55 jazz_email_market_2018.10.22_mem_offer $13,149 78 0 $169 320 0 76 jazz_email_market_2018.12.11_twopack_offer $12,992 51 0 $255 212 0 50 jazz_email_market_2018.10.12_bobblehead_offer $10,813 49 0 $221 223 0 41 jazz_email_market_2018.08.21_MiniPlans_offer $10,614 16 0 $663 210 0 17 jazz_email_market_2018.11.23_blackfriday_offer $10,405 48 0 $217 174 0 45 jazz_email_market_2018.10.15_gsw_offer $10,094 47 0 $215 130 0 47 jazz_email_market_2019.01.04_starwars_offer $9,329 76 0 $123 202 0 72 jazz_email_market_2018.11.05_games_offer $7,672 19 0 $404 70 0 20 jazz_email_market_2018.07.26_PreSeasonOnSale_offer $6,199 27 0 $230 113 0 20 jazz_email_market_2018.12.03_korverbeehive_offer $5,986 67 0 $89 198 0 67
- 34. Social Platform Rev TY Rev LY Rev YoY Orders TY Orders LY Orders YoY AOS TY AOS LY AOS YoY Tix TY Tix LY Tix YoY Custs TY Custs LY Custs YoY Visitors TY Visitors LY Visitors YoY Conv TY Conv LY Conv YoY Facebook $30,858$5,951 419% 157 73 115% $197 $82 141% $30,858 506 182 178% 143 68 110% 130,141 27,871 367% 0.12% 0.26% Twitter $23,369 $5,299 341% 136 56 143% $172 $95 82% $23,369 419 152 176% 128 53 142% 52,379 28,323 85% 0.26% 0.20% Instagram $23,078 $1,820 1,168% 64 24 167% $361 $76 375% $23,078 345 62 456% 60 24 150% 57,136 11,851 382% 0.11% 0.20%
- 36. Channel Orders TY Orders LY Orders YoY AOS TY AOS LY AOS YoY Tix TY Tix LY Tix YoY Visitors TY Visitors LY Visitors YoY Direct/Other Site 14,83416,009 -7% $168 $126 33% 39,480 37,329 6% 868,171 813,010 7% Search-Nat 9,631 3,501 175% $172 $141 22% 24,602 8,981 174% 552,034 300,281 84% Email 2,773 1,111 150% $200 $143 40% 8,891 2,960 200% 120,460 37,129 224% Search-Paid 701 789 -11% $183 $112 64% 1,994 1,856 7% 4,980 16,161 -69% Social-Nat 671 273 146% $185 $69 169% 2,095 582 260% 236,727 67,329 252% Social-Paid 147 79 85% $81 $84 -4% 343 189 81% 16,422 6,406 156% App Push 68 7 861% $146 $137 6% 203 13 1,460% 11,597 522 2,122% Display 34 93 -64% $215 $114 89% 94 211 -55% 2,357 6,514 -64% MARKETING SCORECARD
- 37. $4.71 $4.71 $7.45 $1.24 $0.17 $3.77 $2.88 $3.75 $0 $2 $4 $6 $8 CLICK/VIEW-THRU ROAS Display IP Targeting KSL.com Social DigitalVideo Paid Search SLTrib.com Grand Total 31.5% 26.3% 18.8% 15.8% 6.5% 0.6% 0.5% IMPRESSIONS
- 38. Determine the overallimpact of each channel relative to others Measure and test the performance of individual campaigns Intelligently shift advertising spend across channels Allocate internal resources appropriately to areas of highest impact
- 39.
- 40. Online revenue is up78%YOY Digital ad-spend is down 49%YOY
- 41. Online revenue is up78%YOY Digital ad-spend is down 49%YOY Return on ad-spend is up 251%YOY
- 42. WHAT ARE THEKEY TAKEAWAYS?
- 43. Re-evaluate your currentattribution methodology Determine what you want it to do in the future Identify what data and technology is needed Identify who needs to be on-board to make it happen
- 44.
- 45.
Editor's Notes
- #3 This has nothing to do with my topic, but…
- #4 Forecasters expect 2019 to mark a major milestone in advertising Total digital ad spend will grow 19% to $129.34 billion Will equate to 54.2% of estimated total US ad spending This is great news but also presents some challenges: Challenging in that the landscape becomes more competitive, potentially driving cost up… But the great news is this corporate buy-in to digital advertising makes our jobs easier to measure and track ROAS
- #5 Building an attribution model for your organization can be a complicated matter
- #8 But let me remind you…
- #9 But at the end of the day, we all still have our CFO in our ear, asking us over and over, what our ROAS is.
- #11 There are many types of attribution modeling. How do we know which direction to go?
- #12 There are many types of attribution modeling. How do we know which direction to go?
- #13 Let me remind you…
- #14 We’re all probably doing something to measure our marketing efforts. Attribution modeling is an evolution Some may be looking solely at your audience reach, Some are diving deeper into specific campaign and looking at native analytics to measure success. Others developing multichannel attribution models that look across all channels, assign credit for conversions and impact and are very fluid in their ability to optimize marketing spend. Others are taking it to a whole new level. Multichannel and Holistic attribution models provide a much more transparent view of how our marketing dollars are really working for us. We’re not going to talk about Holistic today. We’re going to focus on multichannel attribution today and I’m going to walk you through our 2-year journey to get here.
- #15 For us, this process started 2 years ago, when I moved into my current role. At the time, we didn’t have any type of attribution model and nobody could really tell me what was working well for us. As someone who has believed in digital advertising for quite some time, I knew we needed to make some fundamental changes. Traditional and digital switch This would allow us to more accurately track success, and at the same time, be more nimble with our messaging (marketing for sports requires you to be agile in your messaging) These changes required me to get the organizational buy-in necessary to do A LOT of testing
- #16 So, we decided to experiment with nearly every digital advertising platform we could think of.
- #17 We needed to test, measure and adjust. Easier said than done. There are problems out there that we will encounter.
- #18 Let’s say a customer… Clicks a Google display ad, then… Clicks a Facebook ad, then… Buys tickets to a game for $100
- #20 Facebook tells me one thing, Google tells me another. Facebook doesn’t capture Google spend, and vice-versa, so both platforms independently report $100 revenue on $5 spend But in reality, we made $100 on $10 spend I could follow this model and tell my bosses that my ROAS on FB and Google are through the roof! But is that really accurate?
- #21 What it’s really like…. At the beginning of the season, we have local Lakers fan that wants to get tickets to a game, so he does a Google search and clicks on a pay-per-click ad. That takes him to utahjazz.com to look for tickets and he decides not to purchase right now. But, look at his desktop image, he’s a die-hard Laker fan and even though I wish he was a Jazz fan, we’ll still take money from Lakers fans.
- #22 We know that he looked at Lakers tickets so we remarket to him and get him to click on an ad while he’s on ESPN.com. That takes him back to the site but he still doesn’t convert. By the looks of his desktop image, maybe he’s sensing the disarray going on with the team and doesn’t want to spend the dough??? I don’t know.
- #23 So now we know that he’s looked at Lakers tickets twice and hasn’t converted so this triggers an email from the Jazz for a ticket package that includes the Lakers game. Again, he doesn’t convert. What’s happening with this Laker fan? I mean, I guess it DOES take an average of 6.9 touchpoints per conversion?
- #24 Finally, we serve him a Facebook ad for this same Lakers game, he gets redirected back to the site, searches for tickets, and ends up buying $700 tickets…to the Golden State Warriors game. But apparently he’s been a fan of theirs since day 1?!
- #25 With an average of 6.9 touchpoints per conversion, who gets the credit, but more importantly, what is REALLY working?
- #26 If you looked solely at Last-Click, you would say “FB gets all the credit” If you looked at First-click only, you would say “Paid search is performing really well for us” If you looked at each of the individual platform metrics, they would all take credit for the sale. This is a problem and we needed to fix this. Since each of these ads had some level of impact on the buyer’s conversion and the individual platforms don’t consider all channels under the digital marketing umbrella, we needed to build something that would. We needed to build something that would provide transparency in determining what is really working for our organization So, where do we start?
- #27 First, we needed to set our target for ROAS…Right? But this is where most folks make their biggest mistakes. They try to determine an industry average Or Finance gives them a target number And they set the number and then work towards it Let me share my philosophy…The ROAS number means NOTHING. Build a radically transparent attribution model, determine your baseline numbers, and then measure yourself off the trajectory and growth of those numbers. Your trend line will determine your success. Start with the concept of radical transparency. Get your data RIGHT.
- #28 In order to get your data right, try these three steps: You’ll need a well-thought out tracking management plan Then, mix in A LOT of science, And add a smattering of art
- #29 Let’s start with a tracking plan…
- #30 Now, if you’re built anything like us, you have several different folks that need to be able to add tracking…and you need consistency. So we built a shared tool that allowed our marketing staff to easily generate these parameters in a consistent format. Regardless of whether it is on paid channels or free channels, it gets tagged properly. This ensures that our analytics team can correctly identify the channel, platform, and campaign of every ad.
- #31 So, let’s get a little more technical for a minute With this set-up, we are prepared to track everything.
- #32 For us, Science happens at the conversion level. We want to know what channels are our best channels for converting costumers.
- #33 So, as part of our Marketing Scorecard, and because it makes sense for our business objectives, we look closely at last-click attribution. I can look closely at this portion of the Scorecard and get the facts. I can view: YOY Sales #’s Traffic ROAS And a variety of other things. I know how well each of my channels are performing at the conversion level.
- #34 I can even drill down into individual EMAIL campaigns if I want to dive deeper, or…
- #35 I can look at a specific social media channel, like Facebook or Instagram, and see how it is performing.
- #36 But the path to conversion is rarely a straight line. I still need to place value on higher-funnel ad channels. If I don’t, if I just cut those off because they are not converting well, my pool of customers may dry out. (losing the assist to conversion) So, this is where we add some art to model. Some folks may find it more valuable to build out complex algorithms or build time-decay models that allocate impact points. That may be best for company. It is not currently necessary for our organization.
- #37 This is where we begin to measure a channel’s performance based on the amount of traffic it drives to our site. Looking at the total number of orders per channel, will sometimes tell me something different than the revenue numbers on their own. We may look at the average order size by channel and determine that a specific channel is perfect for upper bowl ticket messaging.
- #38 We even include in our Scorecard a conversion ROAS based on a de-duped view-through and click-through model, To determine what upper funnel channels are LEADING to conversion We want to measure our reach in the market, so might look at digital impressions combined with traditional media impressions
- #39 As we blend the art and science of multichannel attribution we are able to make data-driven decisions. We can:
- #41 Through the first half of the season…
- #42 And for a moment…the Utah Jazz marketing department gets to feel as cool as Donovan Mitchell
- #43 But let me remind you…
- #45 But let me remind you…