September 12, 2013: In his latest ClickZ article, Didit CEO Kevin Lee identifies a way to break out of the last-click attribution trap that may be artificially limiting the potential of your PPC campaign. The answer is to assign values to events which — while not conversions themselves — constitute proxy behavior that can and should be valued when budgeting your campaign.
Kevin notes that there are many proxy metrics that can be useful in this process, including:
- Email newsletter registrations. The email inbox is a key way to maintain contact with prospects. Even next-generation platforms such as HubSpot have email as a core pillar. So come up with a value for an email registration and give paid search credit when it drives those registrations.
- Visits to the contact us page. Unless you rely exclusively on online sales through a shopping cart, you should be able to make a strong argument that a significant percentage of visits to your contact us page have a high level of purchase intent. Track your “contact us” page and assign it an appropriate value.
- Phone calls. Like visits to the contact us page, phone calls are a great touch point and behavior that signals intent to buy.
- Internal site search (particularly for important keywords). If your site is large, you probably have an internal search engine. In the same way that Google/Bing searches are a great way to understand buying intent, so are internal searches. Consider whether or not to value internal search behavior.
- Deep navigation. If someone spends a long time on your site and drills around looking at a lot of product or service information, that’s important to factor in. For many businesses high engagement is correlated with and causal to sales increases.
- Facebook likes or application registrations. It is possible to track whether or not your paid search campaigns are resulting in Facebook likes. If you are thinking of attributing a value to a like generated by your Facebook paid campaign, you certainly should give your PPC search campaign the same or similar valuation for the same behavior.
- Twitter follows. Similar to Facebook, some marketers see Twitter as a social form of CRM. So, if a Twitter “follow” has a value, then track it within paid search and assign that value to your bidding strategy.
- Tweets. Tweets are a bit more difficult to assign value to. However, if your content is engaging and funny and results in lots of tweets, perhaps a blended value per tweet is worth counting.
- LinkedIn share (particularly for B2B). Business-to-business marketers love LinkedIn and they should. The audience there is well suited and often in a business mindset when engaging.
- Google G+ engagement. Last but far from least is Google+ (G+1) behavior. Not only is this a CRM touch point, but it actually helps your paid search campaign when you turn on social extensions.
Read complete article at ClickZ.com.
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