Path to Conversion

Everyone’s Talking About Attribution: Top 5 Things To Know

At Media Horizons, we are focused on data driven marketing for a people-based solution. People-based marketing, according to Forrester, is “the ability to perform targeting and measurement at the level of real individuals by resolving consumer identity across all digital and offline channels.”

For the last 30+ years, our “secret” is placing emphasis on intensive data and analytics to ultimately grow our clients’ businesses. We were thrilled to host a webinar series this spring on data & analytics. Thank you to everyone who participated!

Our Strategic Lead of Business & Marketing Intelligence, Kunick Kapadia, led two sessions featuring our tips and tricks for optimizing Google Analytics as well as what you need to know about attribution today.

We thought it would be helpful to put together key takeaways for anyone that could not join us.

Key Takeaways

(1) While there are so many different attribution models available today, Last-Touch is the most used model. If you are using Last-Touch, keep as many variables consistent as possible for accurate results (i.e., keep lookback window consistent, etc.).

(2) Algorithmic attribution is our recommended model. In our opinion, it is most accurate in determining which channels are adding revenue to your business. However, it requires a high volume of data. So, if you are not spending a fair amount in digital then it’s important to note it may not be as effective for your brand. Let’s have a conversation!

(3) Online to offline attribution is a pain point for many companies today. As a reminder, this is when a behavior begins online, but is completed offline. As marketers, our goal is to tie this conversion together. It can be challenging, but we know how to solve for it using tactics and best practices related to geo-tracking, CRM integrations, and call tracking. Ask us how!

(4) Without an attribution model (or a poorly built one), upper funnel media are hurt most. This includes brand awareness and prospecting marketing such as display, new customer outreach via paid social, non-brand paid search, etc.

(5) Our world is changing, and new technology is coming to help us adapt! It’s important to stay on top of today’s changing landscape with privacy and cookies. By staying on top of this, you will be able to more seamlessly integrate or pivot as the landscape changes. We recommend relying on your agency partners to help you stay in the know.

We look forward to discussing all things data & analytics with you!   

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Top 5 Tips for Maximizing the Value of Your Google Analytics Data

At Media Horizons, we are focused on data driven marketing for a people-based solution. People-based marketing, according to Forrester, is “the ability to perform targeting and measurement at the level of real individuals by resolving consumer identity across all digital and offline channels.”

For the last 30+ years, our “secret” is placing emphasis on intensive data and analytics to ultimately grow our clients’ businesses. We were thrilled to host a webinar series this spring on data & analytics. Thank you to everyone who participated!

Our Strategic Lead of Business & Marketing Intelligence, Kunick Kapadia, led two sessions featuring our tips and tricks for maximizing the value of your Google Analytics data as well as what you need to know about attribution today.

We thought it would be helpful to put together key takeaways for anyone that could not join us.

Key Takeaways

(1) Google Analytics can be overwhelming! Before you log into your dashboard, we recommend having an idea or focus of what you want to glean from your analysis. This will help you avoid getting lost in the maze of data housed in GA.

(2) Don’t ignore “Segments, which are a subset of users broken out in GA based on a specific set of criteria (i.e., users who converted, users who bounced, etc.). Using “Segments” in reporting is a powerful way to gain more insight into user behavior and identify optimization opportunities. Pro Tip: You can also build audiences using “Segments” for use across other marketing channels.

(3) Invest time into UTM best practices. UTM parameters are extremely important because it is how naming conventions are entered into GA.

  • – Consistent architecture and naming conventions will help you maximize value because reporting will be more efficient and accurate.
  • – Capitalizations matter.
  • – Use all 5 of GA’s UTM parameters as often as you can.
  • (4) When assigning goals, keep in mind that they should be very important actions on the website that you can track. With the complimentary version of GA, you are only permitted 20 goals, so be strategic with how you used them! Pro Tip: Goals are more friendly and flexible than events when it comes to reporting in GA, so you want to use them instead of just events for those key user actions.
  • (5) Data sampling is the key difference between GA360 and the complimentary version of GA. In regular GA, the larger the report you run, the smaller percentage of data is based on actual user data and the more is based on sampled data, which reduces accuracy. GA360 utilizes data sampling in a much smaller number of instances and also has more advanced integrations with other Google and third-party platforms. But it comes with a hefty price tag, so choose wisely between free GA and GA360.

Stay tuned for tomorrow’s post on key takeaways from our second session in the webinar series: “Everyone’s Talking About Attribution: Here’s What You Need to Know.”

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Building Blocks: 2021 Holiday Season Learnings

As marketers, we understand that the landscape is changing daily. From branding to promotions, best practices are constantly evolving. In the last few months, we have posted about the all-important holiday season in terms of planning for it and selling successfully. With the holiday season underway, we wanted to provide a roadmap for the last few weeks of the year – to ensure you close it out successfully.

(1) Attempt to Clear Any Excess Inventory to Protect Margin

  • – It is important to remember that the work is not over once the holiday season is here. In fact, it is a critical time to ensure you end the year in a profitable way.
  • – Analyze what is left in stock, and what you can promote right now (or in early 2022). Build a post-holiday marketing calendar and campaign to stimulate sales.
  • – Use your hard-won list growth from the holiday season and continue the conversation with customers. Tip: ignite a sense of urgency!
  • – Use both personalized marketing and bulk tactics.
    • – Examples include an exciting subject line that is transparent or show products that are on sale in emails. Better yet? Personalize emails with previously viewed items that are now on sale or abandoned cart positioning.

(2) Reflect & Learn to Stimulate Growth in 2022

  • – Dedicate time to learn and document your wins / losses while they are fresh in your mind.
  • – Reference your calendar with campaign reporting. Observe traffic, measure results and identify selling trends. Record your marketing successes; use them for future planning.
  • – Assess your inventory and determine:
    • – Were your best sellers those that you expected them to be?
    • – Were different items more popular?
    • – Were there more items that needed to be discounted than you thought?
  • – Use tools like customer surveys to help with marketing decisions for next year.

As you can tell, our themes are absorption, education, and growth. We believe that evolution is the key to success – especially in this ever-changing retail landscape. Most importantly, this evolution will trigger success. We hope you are having a successful holiday season and look forward to even more prosperity in 2022!

Information sourced from Mailchimp eCommerce Masterclass Series. 

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Data Compliance: How to be a Smart Marketer in 2021

While the U.S. does not have one federal law that regulates the protection of personally identifiable information (PII), PII is protected by several sector-specific laws. The major players are the Federal Trade Commission Act (FTC Act), the Telephone Consumer Protection Act (TCPA), the Children’s Online Privacy Protection Act (COPPA), the Fair Credit Reporting Act (FCRA), and the EU’s General Data Protection Regulation (GDPR). These are just some examples of laws that apply to customer protection, financial institutions, telemarketing, commercial emails, and European markets.

While there is much to consider, businesses in the U.S. can be data compliant by fulfilling the requirements of the GDPR, understanding state-specific regulations, creating a comprehensive and detailed privacy policy, and employing data encryption and security. Please find more detail on how to be a “smart marketer” below (including bonus tips!).