Monday, June 24, 2013

[G] Evaluate Marketing Spend Efficiency with our Conversion and Attribution Tools

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Analytics Blog: Evaluate Marketing Spend Efficiency with our Conversion and Attribution Tools

You invest a lot to create your marketing campaigns, and it’s important to see how your spend impacts results. In addition to comparing the conversion performance of your marketing activities, you can now view your imported AdWords cost data directly in the Google Analytics Attribution Model Comparison Tool. By evaluating your AdWords cost data under various lenses offered through Attribution, you’ll get further insight into the effectiveness of your marketing spend. We will gradually roll out this feature out to all of Google Analytics.

Extended Set of conversion data
As previously announced, to make the analysis of your conversion path data even more meaningful, we extended the lookback window within Multi-Channel Funnels to 90 days. This functionality is now available through the standard lookback window selector. Please see our help center for more details.

Explore different attribution models to see revised performance figures
Cost Per Acquisition (CPA) is one of the strongest indicators for marketers. Our Model Comparison Tool now makes this important metric available to advertisers in Google Analytics. In addition to CPA, we also allow users to look at the Return On Ad Spend (ROAS) figure, which compares the value or revenue driven by conversions under different attribution models.

As described in the Customer Journey to Online Purchase, marketing channels influence the customer at multiple touchpoints on the path to conversion. Display touchpoints, in aggregate, appear 3.1 times more often in the upper funnel (awareness, consideration, intent phase) than in the lower part of the funnel (decision phase).*

Selecting Conversion Value & ROAS from the selector in the Attribution Model Comparison Tool allows you to contrast the value driven by your spend. Comparing the performance of a channel by looking at two different attribution models can uncover hidden performance of this channel. In the above example, the Display channel drives 20% more value under a First Interaction model.

Interpret your analysis
The direction of the arrow in the % change column indicates the orientation of the shift. Please note that it matters which model is the reference model, and which model is the comparison model. A positive shift away from the valuation of the reference model will be visualized with an upwards arrow, a negative shift with a downwards arrow. The color of the arrows is used to indicate whether the alternative valuation of the comparison model has caused a favorable shift. Green indicates a significant shift in favor of the comparison model, and red indicates a significant shift in favor of the reference model. A gray dot symbol indicates that there is no relevant change between the reference and comparison model.

Get started today by linking your account to an AdWords cost data source. The more complete your cost data is for a given profile, the more stable and accurate are the insights you can gain from the analysis. Consider using the Cost Data Import service provided through the GA API to add cost data beyond AdWords.

*Source: Google Analytics, Q4 2012. N = US: 130M conversions (12K profiles)

Posted by Stefan F. Schnabl, Product Manager, Google Analytics

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