Determining the impact of marketing efforts on customer purchases and conversions is no easy task. Successful attribution has become especially challenging in recent years. According to a recent survey, attribution topped the list of digital advertising issues in 2017.
Think about it: not only do customers use three devices per day on average, they can also be exposed to upwards of 5,000 ads per day! With all of those touch points across so many offline and online channels, how can marketers best determine which efforts drove consumer purchases?
Thinking About Attribution Models
Attribution modeling is the go-to solution for marketers looking to better measure marketing impact on customer buying behavior. There are a wide variety of attribution options for marketers. Below are some of the most popular attribution models.
Multi-touch attribution can give you the full story of all of the different touchpoints and devices that lead to your customer’s conversion. This model is helpful when you want to understand the consumer’s full purchase journey across all available devices before they make a purchase.
How Drawbridge Approaches Attribution
Drawbridge has a robust process in measuring conversions and applying attribution modeling.
Before we discuss Drawbridge attribution methodologies, let’s start with how Drawbridge measures conversions. Drawbridge receives conversion data in two ways: Drawbridge receives conversion data in two ways:
Drawbridge measures these conversions using the following process:
In the next section, we’ll dive into details regarding our cross-device conversion models.
Drawbridge Attribution Models
Drawbridge offers two attribution models: last-touch and multi-touch.
For this model, Drawbridge attributes the entire conversion to the true last interaction. This interaction can happen on either the same device or cross-device in the form of a Click or View. Drawbridge always prioritizes a Click above a View, because we assume a Click is more valuable in driving conversions than a View. If a consumer converts more than once, we use two logics: Claim-All or Non-Claim All.
With Claim-All, we claim all conversions.
With Non-Claim-All, we only claim one conversion.
While there are many methods of distributing weights for multi-touch attribution, Drawbridge uses a time-decay model. This model assumes that interactions closer to the conversion are more valuable than those that occurred earlier.
Using Drawbridge for Attribution
Drawbridge can provide cross-device attribution insights or we can deliver “raw data.”
Multi-Touch Attribution Report - Cross-Device Insights Suite
This report, part of our Cross-Device Insights suite, is designed to show marketers the number of conversions based on both last-touch and multi-touch attribution. These insights can be leveraged to better update and plan your media campaign channel budgets.
For example, if you take a look at our sample report above, you can see that the multi-touch attribution model provides more conversions to mobile devices, even though they weren’t the last device to touch these converters before they made their purchase.
This adjustment impacts the CPAs of both the desktop and smartphone channels! In this case, this advertiser may want to allocate more spend to smartphone and less to desktop.
Log-level reporting based on Drawbridge ID (BYO Attribution Model Offering)
The new Drawbridge ID, our proprietary identifier, helps marketers and analysts gain a better understanding of their audience’s journey to conversion, helping to accurately attribute conversion credit.
Based on the Drawbridge ID connections, we can deliver a log-level file that connects ad impressions, clicks, and conversions to the Drawbridge ID, making it easier to see which desktop, smartphone, or tablet impressions are connected with conversions.
You can then overlay your own attribution model on top of this file to determine which of these cross-device touch points should be attributed to conversions.
Connected Consumer Graph (BYO Attribution Model Offering)
By leveraging the Connected Consumer Graph, you can build your attribution model on top of a rich, fully linked data source. The primary graph format, our cluster file, links our Drawbridge ID to any associated device IDs and cookies. This option is ideal for DSPs looking to improve their cross-device attribution offerings.