For decades marketers have argued, “What is the value of a billboard on the side of the highway?” It is very hard (if not impossible) to attribute what revenue is generated by that billboard.
Now, we argue, “What is the TRUE value of the display ad that I bought on the XYZ web site?’ Few people click on display ads, BUT they do make an impression. Historically, Google has been “a last click in” attribution model. Someone might have visted your site numerous times coming from a display ad, or organic search results, or a PPC ad, or through a link on a blog. But if you were to look at your Google Analytics the revenue would only be attributed to the last way that person came to your site and converted.
So, if they came from a PPC ad you would be able to see revenue and conversion rates – then figure out your net net revenue. BUT, if they click on four different PPC ads and then came to you from an organic search result – the analytics would show low effectiveness of your PPC campaign but good results through organic search rankings.
To complicate the process even more – several of the anti-virus programs that your customer may have on their computer will erase the cookies after 28 to 31 days. Therefore, they appear as a new customer to Google Analytics when they are in fact a returning customer.
Google is now trying to address this with an enhanced program, with a considerable price tag. Omniture also attempts to attribute the proper amount of revenue to the different points of contact throughout the decision making process.
I have found a company that has a very sophisticated process to track the traffic to your site and keep that data for long periods of time. Since this product does NOT rely on cookies to track the customer, you can see the customers decision process throughout the sales funnel.
Would you like to drive BILLIONS in revenue using just a few million in digital marketing dollars? I can prove that it can be done.