Attribution models for Call Tracking
Attribution provides an additional level of insight that you really need in order to understand how your leads are interacting with campaigns and if they are ultimately leading to conversions. It shows which measures end up working well or poorly and which ones don’t work at all, and helps you to adjust your marketing strategy accordingly.
The catch
Attribution models are only as good as the data you feed into them. Not even an attribution model will be able to help if you leave an important touchpoint out of your measurements. Models become defective when valuable conversions are not recorded, such as telephone calls. Attribution using the ‘calls’ indicator is particularly fascinating for the overall evaluation because it can be applied across channels and media.
BIA/Kelsey predicts that the volume of incoming calls to companies “will rise to 169 billion by 2020”. The main driving force behind this is the trend towards mobile campaigns – let’s be honest, we’re all addicted to our smartphones, we’re on them virtually every free minute we have. The use of Call Tracking for marketing analysis is therefore one of the best ways to record leads that are generated here.
Companies receive calls from interested parties on a daily basis, and call conversions show you the lead’s true value within your marketing attribution. By getting rid of any blind spots, this provides you with metrics that can be applied directly as a basis for decision-taking and allows you to develop genuine, data-driven success strategies – with no need for estimates, no going with your gut feeling.
An example for attribution models
Here, call tracking will help you to close the gap in your attribution model, by providing you with a more complete picture of the customer journey, be it online or offline. Without this measurement, the ‘brochure’ source would not have been recorded (the more of these gaps you have, the more inaccurate your budget localization will become). Believe me, you will have some of these gaps, and it will take some time to close them. By tracking each call to action, you will have recorded the most important touchpoint, allowing you to plan and implement a meaningful budget allocation.
Why isn’t call tracking part of your marketing attribution yet?
Getting the most out of your marketing attribution data can be an arduous task. Call tracking makes your job much easier by monitoring functional online and offline data in order to produce valuable and complete attribution models. Reliable indicators such as telephone calls provide you with real evidence for your marketing activities, which also minimize the risk of missing out on useful touchpoints and conversions.