Connecting the Dots Between Online Media and Offline Purchases

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Exploring the Business Value of Cross-Channel Attribution and Optimization August 26, 2013 for Connecting the Dots Between Online Media and Offline Purchases Casey Carey CMO @caseycarey

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Adometry CMO Casey Carey delivered this presentation at the 2013 iMedia Brand Summit in a session titled "Connecting the Dots Between Online Media and Offline Purchases".

Transcript of Connecting the Dots Between Online Media and Offline Purchases

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Exploring the Business Value of Cross-Channel Attribution and Optimization

August 26, 2013

for

Connecting the Dots Between Online Media and Offline Purchases

Casey CareyCMO

@caseycarey

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today’s

AGENDA

The Challenge

The Solution

Case Study

Q & A

@caseycarey#iMediaSummit

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And Now a Word from Our Sponsor

•What we do…We power more intelligent marketing

•How we do it…By providing advanced marketing attribution and optimization solutions

•Our customers…For 70+ brands and their agency partners primarily in the auto, telecom, technology, travel & leisure, FSI, and retail verticals

•You should care because…Remarkable results – on average 20-40% improvement in marketing ROI

@caseycarey#iMediaSummit

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“SOME THINGS I KNOW AND SOME THINGS I DON’T”

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to succeed, modern marketers must increasingly…

become data-driven,

but there is a data deluge.

understand the customer journey,

but it is becoming more

complex.

be multi-channel in our

approach,

but we organize and measure in

silos.

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…understanding the true connection between marketing and results.

The business challenge…

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How Does This Sequence of Events…

Impact This?@caseycarey#iMediaSummit

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Attribution Model• Rules-based (event or fractional)

• Click-based• Digital-centric

Conversion Events• Online only

Actionability• Inconsistent metrics• Measures “What happened?”

Today’s Approach Has Limitations

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Data-driven, probabilistic model

Leverages user-level interactions including impressions

Full-funnel view of media performance

Includes both online and offline conversion events

Advanced Attribution Provides Greater Clarity Into Performance

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Simple v. Advanced Marketing Attribution

Simple

Advanced

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Connecting Offline Conversions

to Online Media

CRM, POS, and Call-

Center Data

Offline to Online Match

Advanced Attribution

Optimization

@caseycarey#iMediaSummit

$

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Case Study – Big Box Specialty Retailer

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Case Study - Quick Facts

•Large Specialty Retailer• 2000+ stores• North America

•Digital Marketing Channels• Display • Organic Search• Paid Search• Email • Direct navigation• Social

•Offline Marketing• 4 page FSIs• In-store promos and events

•Analysis Timing• April 7 – May 4, 2013

•Online Conversion Events• Email sign-up• Coupon download/print• Store locator• Gift card purchase• Appointments

•Offline POS Data• Loyalty card• Credit-card look-up

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Overall Attribution Results – 24% of 9.3MM Attributed to Online Media

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Offline Attribution Results – 8.5% Attributed to Online Media

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Channel Performance

•Conversion to Cost Index

•Display – 1.1

•PPC – 0.07

•Email – ???

Shift Budget from PPC to Display

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Display Geo Performance

Conversion to Cost IndexSFO – 0.51

NYC – 0.55

LA – 0.81

CHI – 1.18

ATL – 1.19

DC – 1.30

Re-Balance Display by Geo

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Paid Search Performance

Conversion to Cost IndexBrand – 2.35

General – 2.16

Category 1– 0.73

Category 2 – 0.20

Category 3 – 0.90

Adjust Bid Strategy Based on #s

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Display Lift Analysis

Display LiftOrganic Search – 23.3%

Paid Search – 23.3%

Email – 46.1%

Offline Sales– Assisted Channel: Paid Search

Offline Sales – Assisted Channel: Email Click

Offline Sales – Assisted Channel: Organic Search

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Funnel Stage AnalysisChannel

Site

Adjust Creative Based on Site

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Key Takeaways

•Adapt KPIs to purchase paths• Each vehicle has a unique role • Optimal use of each vehicle may require a

rethinking of metrics

•Leverage advanced attribution data in regular reporting/analysis• Attribution data can eventually replace

much reporting, but will always add insight into existing data sources

@caseycarey#iMediaSummit

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Casey CareyCMO, Adometry

[email protected]