This post was sponsored by DAC Group. The opinions expressed in this article are the sponsor’s own.
In the world of digital marketing, you have to understand the entire customer journey in order to make informed strategic and resourcing decisions.
But, as any SEO practitioner will tell you, it can be exceedingly difficult to gauge the impact of any one digital tactic, never mind a complex web of nonlinear user touch points.
Traditionally, marketers have looked to first-touch and last-touch attribution ****** to optimize their campaigns for maximum impact.
Each approach has its benefits, as we’ll see, but when you layer them together you create something far greater than the sum of its parts: multi-touch attribution.
In this article, you will learn how first-touch and last-touch attribution can be deployed together to reveal the contributions of each channel – including organic search – and transform your understanding of the customer journey, from the initial spark of awareness to the decisive moment of conversion.
First-Touch Attribution: Capturing Initial Engagement
First-touch attribution places emphasis on the very first interaction a user has with your brand.
This initial touch point can occur on various channels, such as social media, organic search, or via referral links.
Although it’s a long way removed from the final conversion, there are some key benefits to incorporating first-touch attribution into your digital marketing strategy:
- Understanding awareness: First-touch attribution allows marketers to gauge the effectiveness of their top-of-funnel marketing efforts. By identifying the channels that attract users initially, brands can optimize their awareness-building strategies to better “feed the funnel”.
- Budget allocation: Knowing which channels are responsible for the first interaction can help you allocate marketing budgets more efficiently. By investing in the channels that drive initial engagement, marketers can optimize their spending and improve ROI.
- Tailoring content: Analyzing the first touch point provides insights into the type of content that resonates with the audience. Marketers can then tailor their content strategies to create more engaging and relevant material for their target audiences.
Last-Touch Attribution: Closing The Conversion Loop
On the flip side, last-touch attribution identifies only the final interaction before a conversion event.
Though it’s a relatively one-dimensional metric, last-touch attribution offers various benefits:
- Conversion optimization: By focusing on the last touch point, marketers can identify the specific channels or campaigns that directly contribute to conversions. This information is crucial for refining strategies and optimizing campaigns for higher conversion rates.
- Efficient resource allocation: Just as with first-touch attribution, understanding the last touch point can help you allocate resources more effectively. Marketers can invest more in the channels or campaigns that have a direct impact on closing deals and generating revenue.
- Campaign effectiveness: Last-touch attribution provides a clear picture of which marketing effort is directly responsible for driving users to take the desired action. This insight is invaluable for measuring the success of specific campaigns and making data-driven decisions.
Best Of Both Worlds: Layering First- And Last-Touch For Holistic Insights
While each attribution model offers unique insights, combining first-touch and last-touch attribution provides a much more detailed and nuanced view of the customer journey.
The result: multi-touch attribution, allows marketers to understand the entire conversion path and make informed decisions at every stage. In other words, multi-touch attribution will supercharge your insights in various different ways.
These are six of the most common.
1. Analyze How Users Are Exposed To Your Site
When using first-touch attribution, clicks are counted based on the first channel that drove a user to the site.
Using this methodology empowers marketers to better understand the value of each channel in generating initial site exposure.
When using a typical last-touch attribution model, clicks are counted only for the last channel a user engaged with. This can often over-value contributions from channels that are heavily skewed towards the end of the conversion funnel.
Adopting multi-touch attribution blends the first-touch and last-touch perspectives, distributing credit across the customer’s journey.
This approach provides a more detailed view of each channel’s role, from initial interest to final conversion, and mitigates the risk of over-valuing the last interaction or undervaluing the first.
Image created by Search Engine Journal2. Assess The Likelihood Of A Session Converting
In typical last-touch attribution, conversion rates are based on the channel a user last interacted with.
This will tend to value late-journey channels and tactics while ignoring the impact of early-journey efforts.
By also analyzing first-touch conversion rates, marketers can better understand the value of early-journey marketing tactics and channels.
Image created by DAC Group, March 20243. Determine The Impact Of Your First Entry Point On Last-Touch Conversion Rates
In this analysis, we look at the impact of early-journey marketing on last-touch conversion rates.
To do so, we compare the typical channel conversion rate to that of when organic search was the first entry point. This allows us to measure the value of deploying early-journey tactics and evaluate how they impact late-journey performance.
In this particular instance, we found that almost every channel had a higher conversion rate when organic search was the first entry point:
Image created by DAC Group, March 20244. Determine The Impact Of Your First Entry Point On Last-Touch Average Order Values
Like analyzing the impact of the first-touch channel on conversion rates, analysis can be conducted to determine the impact of a user’s first entry point on their later order value.
In this instance, we found that when organic search was the first touch point, almost all last-touch channels saw an increase in average order value.
Image created by DAC Group, March 20245. Evaluate The Contribution Of Early-Journey Marketing On Other Channel Revenue
By comparing revenue attribution across first-touch and last-touch, marketers can better understand how much generated revenue is attributed to another channel.
This is particularly useful in understanding the role of each channel when guiding users throughout the conversion journey.
In the below example, DAC discovered that 38% of revenue driven by first-touch organic search was later attributed to other channels:
Image created by DAC Group, March 20246. Measure The Impact Of Early-Journey Content (Blog)
Oftentimes, early-journey research and informational content is under-valued when measured via lasttouch attribution.
This type of content tends to have fewer immediate conversions. As such, measuring via last-touch will attribute downstream conversions to the final channel. When viewed on a longer timeline, we found that blog visitors tend to return to the site within five weeks to make purchases.
Using last-touch attribution alone, this trend would not have been identified.
Image created by DAC Group, March 2024Beyond analyzing whether or not blog users convert, we can also look at the impact on conversions.
In analyzing, we found that users who visit the blog convert at a higher rate, have higher page views per visit, and a much lower bounce rate.
Image created by DAC Group, March 2024In the ever-evolving landscape of digital marketing, understanding how customers interact with your brand is essential for success.
First-touch and Last-touch attribution ****** offer distinct advantages, from optimizing awareness-building strategies to refining conversion-focused campaigns. By leveraging the insights provided by these attribution ****** and layering them together, marketers can create more effective and targeted campaigns, ultimately driving better results and maximizing return on investment.
Image Credits
Featured Image: Image by DAC Group. Used with permission.
Source link : Searchenginejournal.com
