Attribution Modelling is a critical component of sophisticated and at-scale digital media plan that uses a large number of publishers. A well tuned attribution model reduces wastage in an advertiser’s digital media spends and closely aligns them with the desired end digital marketing objectives. Another big benefit of a good attribution model is that it allows the media plan to experiment with new publishers.
Here is a quick list of a few simple attribution models with their pros & cons –
Our advice to the digital marketer is to not use just one of the above (or other variations of these). Instead, all of the above should be used. If a publisher doesn’t add value against any of the models, then they’re an obvious candidate for replacement.
The importance of using a sophisticated model versus one of the simpler ones highlighted in the previous section is best illustrated through real life situations. This section of this article is a running repository of such examples –
This Advertiser had Google Search, GDN, 2 DSPs (including Digital Infusion’s) and a few other publishers in the media plan. Select data from the ad server and publisher performance data –
Upon digging some use cases, we found that after deciding to purchase, a significant number of consumers used Google Search to access the advertiser’s website and clicked the search ad instead of the first organic result. Our conclusion was that in case Google Search is used simply to access the advertiser’s website i.e. by searching for the brand keyword, attribution is best given to the previous publisher. In this situation, clearly rule based attribution would be far superior than a fixed model such as last touch.
Also, we’re not the only one having run into this situation. There are others.
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