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ProveYour Marketing Impact:
The Fundamentals of Attribution
Tarah Speck
Team Lead, StrategicValueAdvisor
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Speaker
Tarah Speck
Team Lead, Strategic Value Advisor
speck@adobe.com
Linkedin.com/in/tarahspeck
My Professional Background
11+ years marketing, 6+ martech industry
Sales & marketing strategy, sales enablement,
product marketing, content marketing, segment
marketing, digital marketing, demand generation.
Some Personal Background
Began career in international agricultural policy in
Washington DC
I’m a glutton for chaos…live in a zoo of one dog,
two cats, a husband, 2 year old, and 10 month
old!
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Webinar Overview
1. TheWhy of Attribution
2. Fundamentals of Attribution
1. KnowYour Business Goals (not marketing goals)
2. DefineYour Marketing KPIs
3. Identify Stakeholders
3. SelectYour Framework
GroundRules:
Why Attribution?
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Challenges to AttributionToday
*Does not include Marketo attendees*
53.1%
Perceived as cost
centers
15%
Effective at
performance
measurement
50%
Aligned to
business
objectives
¹ Source: 2018 State of Pipeline Marketing Report
©2020 Adobe. All Rights Reserved. Adobe Confidential.
What Most Attribution Looks LikeToday
MQL Deal /
Revenue
Anonymous
FirstTouch
Lead
Creation
Opportunity
Creation
Demo
USUALLY 1 OFTHESE 3TOUCHES,AND
OR
CHANNEL CONTENT
©2020 Adobe. All Rights Reserved. Adobe Confidential.
The Potential of Better Attribution
*Does not include Marketo attendees*
Marketing orgs that map
spend to revenue are
212%
more likely to have YOY
revenue growth greater
than 20%¹
Marketing orgs that are
perceived as revenue centers
are
159%
more likely to be aligned
with sales¹
Marketing orgs with
sophisticated attribution are
59%
more likely to have a
reputation as a revenue
center, not a cost center¹
¹ Source: 2018 State of Pipeline Marketing Report
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
A screen full of analytics data looks like a secret code, and in a way it is.That data has a lot of
information in it, and it’s impossible to make sense of it without the key.
Put another way, data can give answers, but only if you
the right questions.”
- Marli Mesibov, Content Marketing Institute
The Fundamentals of Attribution
Step 1: KnowYour Business Goals
©2020 Adobe. All Rights Reserved. Adobe Confidential.
KnowYour Business Goals
10
Business goals can be summed up in two parts:
Increase Revenue (Making More $$) Cost Savings (Spending Less $$)
• New logo acquisition (new business)
• Increase ASP (higher $ per deal)
• Improve customer retention and/or loyalty
• Eliminate resource duplication (tech, jobs)
• Increased ROI from tech investments
• Decreased time to market (process efficiency)
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Business goals can be summed up in two parts:
KnowYour Business Goals
11
Increase Revenue (Making More $$) Cost Savings (Spending Less $$)
• New logo acquisition (new business)
• Increase ASP (higher $ per deal)
• Improve customer retention and/or loyalty
• Eliminate resource duplication (tech, jobs)
• Increased ROI from tech investments
• Decreased time to market (process efficiency)
Not Business Goals
(these are team/department goals)
• Increase pipeline
• Improved win rates
• Faster sales cycle
• Better lead quality
• Increase web visitors
• Improved event attendance
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Modern Marketers MustThink Like the C-Suite
WhenYou Report on IncreasedWebTraffic
CMO…
“This is a vanity metric – prove to me that this website investment is worth the spend”
CFO Thinks…
“What does this have to do with how much revenue marketing brings to the company?”
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Modern Marketers MUSTThink Like the C-Suite
Instead of Reporting WebTraffic, Report on…
CMO…
% conversion of web traffic to sales qualified leads
CFO…
New business revenue from website
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Full Circle: KnowYour Business Goals
14
Business goals can be summed up in two parts:
Increase Revenue (Making More $$) Cost Savings (Spending Less $$)
• New logo acquisition (new business)
• Increase ASP (higher $ per deal)
• Improve customer retention and/or loyalty
• Eliminate resource duplication (tech, jobs)
• Increased ROI from tech investments
• Decreased time to market (process efficiency)
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Business goals can be summed up in two parts:
Full Circle: KnowYour Business Goals
15
Increase Revenue (Making More $$) Cost Savings (Spending Less $$)
• New logo acquisition (new business)
• Increase ASP (higher $ per deal)
• Improve customer retention and/or loyalty
• Eliminate resource duplication (tech, jobs)
• Increased ROI from tech investments
• Decreased time to market (process efficiency)
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Business goals can be summed up in two parts:
Full Circle: KnowYour Business Goals
16
Increase Revenue (Making More $$) Cost Savings (Spending Less $$)
• New logo acquisition (new business)
• Increase ASP (higher $ per deal)
• Improve customer retention and/or loyalty
• Eliminate resource duplication (tech, jobs)
• Increased ROI from tech investments
• Decreased time to market (process efficiency)
Acme Co.
Now we know our business goal, now let’s map our marketing KPIs to it!
The Fundamentals of Attribution
Step 2: DefineYour Marketing KPIs
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Marketing data: siloed in channels
Optimize
Optimize Optimize
WEB PAID
MEDIA
EVENTS EMAIL SALES
DEV
Badge scans / registrations Open rate, click rate
CPM, CPC, CPL
Pageviews, bounce rate Calls, emails sent
Optimize
Optimize
MEASURE PLAN
REVENUE
Every channel has different success metrics
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Marketing data: siloed in channels
MEASURE PLAN
REVENUE
Align channels to revenue
Optimize
Optimize Optimize
WEB PAID
MEDIA
EVENTS EMAIL SALES
DEV
Optimize
Optimize
©2020 Adobe. All Rights Reserved. Adobe Confidential.
UnderstandYour Marketing Org
Events
Digital
Team
Demand
Gen
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Understand Key Metrics PerTeam
Web traffic
Cost per click
Impressions
Digital
Team
Cost per lead
Time for
conversion
Attendee
follow up
Demand
Gen
Events
# qualified
leads
Attendance
Rates
Registrations
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Web traffic
Cost per click
Impressions
Digital
Team
Stitch Cross Functional Metrics to Follow a Lead
Cost per lead
Time for
conversion
Attendee
follow up
Demand
Gen
Events
# qualified
leads
Attendance
Rates
Registrations
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
This tells a
great story for
the marketing
team – but
what about
the C-Suite
and other
stakeholders?
Web traffic
Cost per click
Impressions
Digital
Team
Stitch Cross Functional Metrics to Follow a Lead
Cost per lead
Time for
conversion
Attendee
follow up
Demand
Gen
Events
# qualified
leads
Attendance
Rates
Registrations
Acme Co.
The Fundamentals of Attribution
Step 3: KnowYour Stakeholders
(and their KPIs)
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Sales
Your Stakeholders –Their KPIs
IT C-Suite
Customer
Success
Finance
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Sales
Your Stakeholders –Their KPIs
IT
Pipeline
Revenue
Growth
ClosedWon
Revenue
Win Rate
Budget
adherence
ROI
Profit & Loss
Product Use
Product ROI
Productivity
Gains
Operational
Efficiency
Customer
Retention
Customer
Satisfaction
Upsell/X-Sell
Shareholder
Value
New Customers
Customer
LifetimeValue
C-Suite
Customer
Success
Finance
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Sales
Your Stakeholders –Their KPIs
IT
Pipeline
Revenue
Growth
ClosedWon
Revenue
Win Rate
Budget
adherence
ROI
Profit & Loss
Product Use
Product ROI
Productivity
Gains
Operational
Efficiency
Customer
Retention
Customer
Satisfaction
Upsell/X-Sell
Shareholder
Value
New Customers
Customer
LifetimeValue
C-Suite
Customer
Success
Finance
Acme Co.
HOW DO YOU ALIGN MARKETING ACTIVITY TO STAKEHOLDER KPIS?
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Sales
Your Stakeholders –Their KPIs
IT
Pipeline
Revenue
Growth
ClosedWon
Revenue
Win Rate
Budget
adherence
ROI
Profit & Loss
Product Use
Product ROI
Productivity
Gains
Operational
Efficiency
Customer
Retention
Customer
Satisfaction
Upsell/X-Sell
Shareholder
Value
New Customers
Customer
LifetimeValue
C-Suite
Customer
Success
Finance
Acme Co.
HOW DO YOU ALIGN MARKETING ACTIVITY TO STAKEHOLDER KPIS?
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Sales
Pipeline
ClosedWon
Revenue
Win Rate
Web traffic
Cost per click
Impressions
Digital
Team
MapYour KPIs to a Broader, Integrated Strategy
Cost per lead
Time for
conversion
Attendee
follow up
Demand
Gen
Events
# qualified
leads
Attendance
Rates
Registrations
Acme marketing sourced $X in new revenue for sales from it’s digital XYZ
event
Acme Co.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
ROI
Profit & Loss
Budget
Adherence
Finance
Web traffic
Cost per click
Impressions
Digital
Team
MapYour KPIs to a Broader, Integrated Strategy
Cost per lead
Time for
conversion
Attendee
follow up
Demand
Gen
Events
# qualified
leads
Attendance
Rates
Registrations
The digital XYZ event saw a 60% ROI (costing $X and generating $X in new revenue for
Acme)
Acme Co.
Section 3
Define Buyer’s Journey & Select
Your Framework
©2020 Adobe. All Rights Reserved. Adobe Confidential.
DefineYour Buyer’s Journey
Make Sense of the Noise
©2020 Adobe. All Rights Reserved. Adobe Confidential.
DefineYour Buyer’s Journey
Make Sense of the Noise
©2020 Adobe. All Rights Reserved. Adobe Confidential.
DefineYour Buyer’s Journey
Marketing activity isn’t one size fits all – deserves credit across the funnel
• Not just weighted as first touch, but has merit along the funnel
• Not all channels are just for top funnel
Attribution Models
©2020 Adobe. All Rights Reserved. Adobe Confidential.
100% first anonymous touch
MQL Deal /
Revenue
Anonymous
FirstTouch
Lead
Creation
Opportunity
Creation
Demo
100%
©2020 Adobe. All Rights Reserved. Adobe Confidential.
100% lead creation
Anonymous
FirstTouch
Lead
Creation
Opportunity
Creation
Demo
100%
MQL Deal /
Revenue
©2020 Adobe. All Rights Reserved. Adobe Confidential.
U-shaped model
Lead
Creation
Opportunity
Creation
Demo
40%
40% 20%
Anonymous
FirstTouch
MQL Deal /
Revenue
©2020 Adobe. All Rights Reserved. Adobe Confidential.
W-shaped model
Lead
Creation
Opportunity
Creation
Demo
30%
30%
Anonymous
FirstTouch
30%
Total 10%
MQL Deal /
Revenue
©2020 Adobe. All Rights Reserved. Adobe Confidential.
Full path model
Lead
Creation
Opportunity
Creation
Demo
Anonymous
FirstTouch
22.5%
22.5% 22.5% 22.5%
Total 10%
MQL Deal /
Revenue
©2020 Adobe. All Rights Reserved. Adobe Confidential.
©2020 Adobe. All Rights Reserved. Adobe Confidential.
NowWhat?
Develop your buyer’s journey with stakeholders
• Use agreed upon KPIs to inform your internal marketing reporting
strategy
• E.g. digital team still cares about web traffic, but needs to partner with
demand gen to determine % conversion of web traffic to leads
Keep a regular cadence with your cross-functional stakeholders
• Promote accountability and buy-in
• Discover opportunities for improved cross-functional
programming/offers
Questions?
Prove Your Marketing Impact: The Fundamentals of Marketing Attribution