The Assisted Conversion
In many sports the role of the 'assist' has become increasingly important in the analysis of player performance. What can online marketers learn from this?
What is an assist?
An assist is a contribution by a player in a ball game that helps
another player score a goal. Normally an assist can be awarded to
the player who gave the last pass to the goal scorer. FIFA goes one
step further and says an assist can also be awarded to the
last-but-two holder of the ball, provided his or her action had
decisive importance for the goal.
Since the 1994 World Cup it has become common practice to keep records of assists. This has partly been done for the benefit of US fans whose avid stats-taking is a major contributor to their enjoyment of most sports.
The United States Major League Soccer began awarding their MLS Scoring Champion Award based on attributing points to players - two points for a goal and one for an assist. The French League, Ligue 1, awards a Trophee de Meiller Passeur ('best passer trophy') to the leader in assists at the end of every season. While closer to home, PA Sport has incorporated assists into its Actim Index of Premier League player performance in the UK.
The assist in online marketing
Most online marketers work with methodologies and technologies that
attribute a sale to the immediate source that referred the user.
This source could be a paid search ad, a natural search listing, a
banner ad, an email or a direct visit via the URL. This
immediately-referring source is the equivalent to the goal scorer
in our ball game analogy. Now consider the research:
- Less than 15% of sales come as a result of only one session.1
- 45% of sales complete in a different medium to that in which they started.2
- In one study 25% of customers who first interacted via a display banner ended up booking via paid search marketing, and 12% via an affiliate network.3
Essentially, 'last click' attribution means various activities,
affiliates and mediums often get sole credit for a sale. But as
we've outlined with performance-scoring methods in sport, giving
all the value to the direct referrer fails to acknowledge,
remunerate and nurture those elements providing the 'assists'. It
leaves out the key individual who put the ball in front of the goal
scorer.
Most marketers acknowledge, at least in principle, how integrated
the sales pipe has become and how a variety of consumer
interactions typically contribute to the eventual sale. However,
few do anything about it.
Okay, I get it. Now what?
There are two key things you should be doing in response to this
assist-and-goal-scorer dynamic.
Firstly, use your web analytics intelligently to identify how users
are interacting with your brand, as well as coming and going from
your site. Just because a user clicks on a branded PPC ad doesn't
mean they didn't find you the day before via natural search or see
your messaging in a banner ad. Run tests, including stopping and
starting activities in various combinations to identify and confirm
correlations. Never cull line items of marketing spend without
measuring both their goal-scoring performance and their assist
rates.
Be particularly wary of the sales your systems tell you were referred to you from Google using your brand terms, as many of those conversions will have been influenced by another activity before Google was used to navigate to you. Did they see your ad on TV before searching for you or read a blog post or news story? In those cases you should maintain your presence in Google for your brand terms (you never sack the goal scorer, even if he goal hangs!) but you need to understand what created that demand to begin with - and maintain and nurture those contributors. Or to put it another way retain and invest in those that 'assist'.
Secondly, look to reward those that make the assists or invest in activities that are demonstrably part of the consumer journey. We've seen some progressive thinking among some marketers and affiliate managers who reward by attributing a percentage, say 6%, to the 'goal scorer', and 3% to the last 'assist'. This also makes certain merchants more attractive to affiliates, which adds considerable merit to this approach. Explore ways of extending this philosophy across the rest of your marketing channels and activities.
Food for thought
Returning to the ball game analogy, consider how FIFA also looks
two players away for a 'decisive assist' before attributing the
assist to a player. If marketers had a method, supported by a
methodology and technology, to determine what constitutes a
decisive assist this would herald a new era in attributing value
within a highly integrated marketing process. You could remunerate
several parties at different rates and attribute credit to multiple
interconnected activities. You'd also be able to better understand
the contribution of other media, such as social networks, news
sources, online PR campaigns, and even specific bloggers and
commentators, too.
1 Source:
InternetRetailing.net 2008, The last click wins - unravelling
the customer journey
2 Source:
InternetRetailing.net 2008 The last click wins - unravelling
the customer journey
3 Source: Econsultancy.com
2008, RIP last click wins
0 Comments