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Been speaking to someone about click tracking and in particular ROI conversion rates.
The person in question operates a small'ish site which sells software. A high percentage of the actual sales occur off-line during follow-up telephone conversations. The requirement is to assess the ROI for the bids used to actually find the site when compared against the actual conversions, both on-line and off-line. Possible such a system might also be required to deliver prospect management.
To me this sounds like a cross between a Sales Lead Management system and an ROI Tracking system.
any ideas who may offer the kind of system that might fulfil the specification?
Any thoughts would be greatly appreciated.
Shak
Drop a cookie on the user when they arrive at the site which records the search engine and ppc keyword used.
If they convert online use the cookie to associate conversion with original search keyword and engine.
If they convert offline (eg by phone) then send them an email with a web page link to be clicked upon to validate their order details for example. The cookie should accompany the email link click, thus delivering the conversion information along with stored engine and keyword.
Either way, online or offline you'll get a web server log entry with the conversion details. Log analysers such as ClickTracks are probably able to deduce ROI consequently.
I know that some people turn off cookies etc but will the idea work in principle?
Regards,
Derek J. Preston
Head of Technology
Mirago plc
But, does it really make sense to adjust the bids based on the offline followups to sale conversion ratio? Once the surfer has typed in a keyword, clicked on advertisement, looked around your client's site and contacted the sales team, it is upto them to close the sale.
The closure of sale does not depend on the keyword used, since the surfer has already checked the website and has called up the sales team. I'm assuming the surfer is equally interested in the product as other surfers who found the site by typing in another keyword.
Wrong assumption?
If they convert offline (eg by phone) then send them an email with a web page link to be clicked upon to validate their order details for example. The cookie should accompany the email link click, thus delivering the conversion information along with stored engine and keyword
Works well in principle. Everything technology-wise is automated, there is a confirmation of order for the client (which is always useful), and ROI resulting in both off-line and on-line orders can be calculated.
The only thing which may get muddied here is orders resulting from natural type-ins / organic SEO would get mixed in with those who have no cookie support.
Also, make sure cookie-expiration is set sufficient so that if the off-line sales takes time to close, the information about which ad brought the lead in is still accessible.
Presumably the objective is to bid only for useful terms which actually lead to conversion. They should eliminate bids for non converting terms. Hence ROI improvement.
Derek
How long can you set cookie expiry periods to?
Derek
i.e. consumer clicks ad, on keyword xyz. Comes to site, reads info, notes down tel number. Tomorrow he calls and orders item. How do you know a bid on XYZ is a good investment because it converts, rather then falsly thinking a bid on xyz is a waste of cash as no conversion was noted online.
Am I getting this right?
SN
Also have heard about assigning a value to particular onsite actions (signing up for email newsletter, downloading white paper, asking to be contacted, etc) and managing ROI to those measurable events.
Needs a little more work but there are a few ideas to add to the mix.