What does all this reporting mean? - Get the most of reporting and improve your campaigns - The Student Room
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What does all this reporting mean? Get the most of reporting and improve your campaigns 13th April 2021
Presented by... Paul Cernicharo-Terol Hulda Friðriksdóttir Sales Director Client Services Manager ● Been with The Student Room since May 2014 ● Been with The Student Room since September 2017 ● Over 10 years experience in Higher Education both ● Continuously working to make client agency and media side campaigns more successful and impactful ● Oversees the sales and B2B marketing team, who ● Oversee the CS team which is responsible work alongside our partners in Education, for end-to-end campaign delivery of millions of ads and emails Government and Recruitment to help them engage with our audience. The Student Room
Hulda Fridriksdottir Overview ● Overview of TSR ● Why reporting? ● Reporting metrics ● Attribution modelling - Good, bad and ugly - Incrementality** ● Third party cookies ● Advances in reporting at TSR ● Recap ● Questions, comments and feedback The Student Room
Hulda Fridriksdottir Overview of TSR - Year to date TSR in numbers - on site 02:43 average session +109m duration sessions recorded +268m +94m pageviews users on site The Student Room
Hulda Fridriksdottir As the digital landscape continues to evolve and tracking & targeting is ever changing; it’s important to understand what all this reporting means and what TSR can report and support on The Student Room
Hulda Fridriksdottir “You can find a metric to prove whatever point you want to prove” - John Custy, Atlassian Summit The Student Room
Hulda Fridriksdottir Reporting Reporting metrics Why metrics? ● Show performance of activity ● Identify areas for improvements ● Show what’s working ● Inform and forecast for the future ● Understand value The Student Room
Hulda Fridriksdottir Reporting Reporting metrics Metrics are a way to show performance, but the value of the performance and whether it’s perceived as good, bad or neutral is determined by ● How you’re measuring data ● Why you’re measuring ● How you’re tracking against goals The Student Room
Hulda Fridriksdottir Reporting Reporting metrics How to demonstrate performance? ● Track all your activity so you can see what happens once people are engaging with you (e.g. UTMs and GA) ● Understand the journey (e.g. high click rate vs. high bounce rate) ● Reports should always be used in conjunction with your own internal reporting The Student Room
Hulda Fridriksdottir Reporting Reporting metrics Bad performance doesn’t equal bad metrics When activity doesn’t measure up to expectations it’s crucial to figure out what about the activity didn’t succeed ● Was it the targeting? ● Was it the creative? ● Was it the landing page? Once identified, metrics could show that some parts of the campaign performed well, but others didn’t which should inform where the focus for improvements is needed (and give insight into how your audience is behaving). The Student Room
Paul Cernicharo- Terol Attribution modelling The Student Room
Paul Cernicharo- Terol Good, bad and the ugly The Student Room
Paul Cernicharo- Terol Attribution modelling What is attribution modeling? Marketing attribution is the way in which marketers assess the value or ROI of the channels that connect them to potential customers. In other words, it’s the means by which the customer came to know and buy your product or service. Seems simple? The Student Room Data taken from sample
Paul Cernicharo- Terol Attribution modelling Good, bad and ugly 1. Single Source attribution ● First-touch attribution. First-touch attribution assigns all the credit to the first channel the lead engaged with. First touch marketing attribution fails to account for any customer interactions after the initial touch, altering the perceived effectiveness of other channels. ● Last-touch attribution. Because it’s the last touchpoint before the final sale, identifying where to give credit is relatively easy using the last touch model. But it doesn’t account for any prior interactions (like the prospect’s website visits or interactions with the lead qualification team), missing out on key insights about other valuable marketing channels. The Student Room Data taken from sample
Paul Cernicharo- Terol Attribution modelling Good, bad and ugly 2. Multi- source attribution ● Linear. The simplest MTA model, linear attribution gives equal weight to all touchpoints. ● Time decay. The lengthier the sales cycle (like ours!), the more spread out the touchpoints. The time decay model gives credit to more recent marketing touchpoints as opposed to those earlier in the process, which may not have been as impactful. ● U-shaped. The U-shaped MTA model gives credit to two key touchpoints — the first touch and the lead creation — and any in between. Forty percent of the credit goes to the first touch and 40% goes to lead creation, while the remaining 20% is divided between any touches that occurred in the middle. ● W-shaped. You guessed it. This model is the same as U-shaped MTA, except it includes an additional touchpoint — the opportunity creation. All three touchpoints receive 30% of the credit, while the remaining middle touches share 10%. ● Full path. Full path attribution builds on the W-shaped model, including the final close. Basically, the bulk of the credit is given to the major milestones of the customer journey, but lower weight is also assigned to the touchpoints in between. One of the biggest benefits of this model is that it accounts for the sales team’s post-opportunity follow-up interactions, giving them the same weight as early-stage marketing activities. The Student Room Data taken from sample
Paul Cernicharo- Terol Incrementality The Student Room
Paul Cernicharo- Terol Attribution modelling What is Incrementality? ● What is the goal of advertising? Shift consumer behaviour and attitudes ○ Shift sentiment ○ Build awareness of brand ○ Generate demand ● Incrementality allows you to measure the true impact of your digital advertising ● Incrementality allows you to see the uplift in behavioural change ● Better understanding of what budget is driving change The Student Room
Paul Cernicharo- Terol Attribution modelling Why Incrementality The Student Room
Paul Cernicharo- Terol Attribution modelling Why Incrementality? The Student Room
Paul Cernicharo- Terol Third party cookies The Student Room
Paul Cernicharo- Terol Third party cookies What the Lumascape looks like without 3rd Party cookies! The Student Room
Paul Cernicharo- Terol Third party cookies What we know ● Third party cookies will be blocked in Chrome from early 2022 ● Privacy Sandbox: Building a privacy first future for the web ● Google won’t support any user-level identifiers - 3rd party infrastructure for identity matching - For example hashed emails ● FLoC (Federated Learning of Cohorts) may save the day ● Not a lot else! Today we’re making explicit that once third-party cookies are phased out, we will not build alternate identifiers to track individuals as they browse across the web, nor will we use them in our products. David Temkin Director of Product Management, Ads Privacy and Trust (3rd March 2021) The Student Room
Paul Cernicharo- Terol Third party cookies WtF is FLoC ● The Federated Learning of Cohorts (FLoC) is a privacy-focused solution intent on delivering relevant ads “by clustering large groups of people with similar interests”. ● Google think it works! ○ Our tests of FLoC to reach in-market and affinity Google Audiences show that advertisers can expect to see at least 95% of the conversions per dollar spent when compared to cookie-based advertising. Chetna Bindra Group Product Manager User Trust and Privacy Jan 25th 2021 ● Available for testing by advertisers in Q2 within Google Ads The Student Room
Paul Cernicharo- Terol Third party cookies What impact for marketeers ● Uncertainty around tracking? What attribution models will exist? “While the news certainly created immense uncertainty, it’s clear that when it comes to attribution, the ship has sailed on many of the current granular models that were universally applied across all spend,” said Mario Diaz, CEO at contextual-targeting vendor Peer39. ● Identify and build relationships with contextually relevant partners ● Identify partners with the highest post-click conversion rates ● Speak to your media and agency partners - what are their plans? ● Test FLoC The Student Room
Hulda Fridriksdottir Advances in reporting at TSR The Student Room
Hulda Fridriksdottir ● Ada reports ● TSR Talks ● UPP reports ● Conversion tracking The Student Room
Hulda Fridriksdottir Advances in reporting Ada Ada has been around for a while now and has only recently gotten a ‘reporting makeover’. Main issues addressed: ● Needed to be easier to understand as the old report was quite difficult to navigate ● Needed to include the necessary metrics and remove the ones that were no longer fit for purpose ● Adding additional information to provide a greater understanding of the audience and how they interact with your brand The Student Room Data taken from sample
Hulda Fridriksdottir Advances in reporting Ada Old New The Student Room Data taken from sample
Hulda Fridriksdottir Advances in reporting Ada Old New The Student Room
Hulda Fridriksdottir Advances in reporting Ada Additional insights added such as activity by domain to provide even greater insight into campaign performance and understanding where the campaign performed the best The Student Room
Hulda Fridriksdottir Reporting TSR Talks When building your brand it’s important to be able to speak to the community, be the knowledgeable & friendly voice and build trust. TSR Talks addresses all of those and supplies reporting with important metrics such as: ● Unique pageviews ● Posts and posters ● Roadblocking information ● Geographical information The Student Room
Hulda Fridriksdottir Advances in reporting TSR Talks The Student Room
Hulda Fridriksdottir Advances in reporting TSR Talks The Student Room
Hulda Fridriksdottir Advances in reporting University Partner Pack (UPP) New focus on periods as opposed to monthly to give greater insight how you’re performing with: ● Key period data (UCAS deadline & Clearing) ● Annual reports New data within those reports includes: ● Audience overlap with other unis ● Total searches for uni ● Average users vs. average UPP ● Average page split vs. average UPP The Student Room
Hulda Fridriksdottir Advances in reporting Conversion tracking The initial aim is to prove the value of the UPP, not only for students by being able to track what they do when not on TSR, but more importantly prove the value for our clients by showing the intent of the TSR audience and the effectiveness of the UPP. The Student Room
Hulda Fridriksdottir Advances in reporting Conversion tracking Background • First comms went out 3 September 2020 • Conversions split into three main areas - General conversions - Course conversions - Focused/low funnel conversions • Phase 2 chaser email went out 29 January 2021 • Rolled out in February UPP reports • Set up continues with aim of being worked in to BAU workflows If you’d like to be included please contact me hulda.f@thestudentroom.com or your Account Manager The Student Room
Hulda Fridriksdottir Advances in reporting Conversion tracking 69.2% 537,682 Increase since start of project Conversions tracked since start of project 777,052 38.4% Conversions tracked in the last UPP clients opted year in The Student Room
Hulda Fridriksdottir Advances in reporting Conversion tracking The Student Room
Hulda Fridriksdottir Recap The Student Room
Hulda Fridriksdottir Always combine external reports and internal reports to get an overview of how you’re performing The Student Room
Hulda Fridriksdottir Aim to understand what parts of a campaign did well and what parts didn’t so that you can use that information to guide future campaigns The Student Room
Hulda Fridriksdottir Start planning your post cookie strategies now so you’re prepared for next year The Student Room
Hulda Fridriksdottir Any questions, comments or feedback? The Student Room
Hulda Fridriksdottir Thank you! Join us again: tsrmatters.com/webinars And stay in touch: paul.cernicharo-terol@thestudentroom.com hulda.f@thestudentroom.com and you can also find us on LinkedIn The Student Room
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