Want to get a better grip on your marketing touchpoints so you can understand how your channels are working to drive and close leads? We walk you through the steps to understanding and tracking touchpoints.
Customer journeys are getting longer and longer. And for digital marketers, it’s getting harder to track users across multiple channels, campaigns, sessions and more.
As new channels continue to emerge and budgets grow, it can be tricky for marketers to knuckle down in their data and understand what’s working, and what isn’t.
Here, we walk you through:
- What is a touchpoint?
- Why touchpoints in marketing are important
- The issue with touchpoints
- How to track touchpoints and attribute revenue
So, let’s get stuck in.
What is a Touchpoint in Marketing?
Put simply, a touchpoint is anytime someone engages with your business. In marketing, a touchpoint would be anytime someone engages with your website, opens a marketing email or responds to a paid ad. All of these touchpoints in marketing work together to drive prospects into customers.
Touchpoints should impact how the person feels about your brand or product.
Understanding the Full Buyer’s Journey
If a touchpoint is a singular unit, then the buyer’s journey (or customer journey) is a series of touchpoints that leads an individual from a prospect to a customer.
Let’s break it down a bit.
The Buyer’s Journey: Explained
The buyer’s journey is typically split into three distinct stages.
The first is the awareness stage. Here, the individual is looking for a solution to a problem. They’re researching their problem and looking for potential ways they can solve it.
Here, they first encounter your product or service as a possible solution.
They then move to the consideration stage. That’s what it says on the tin. Here, the individual is considering your product or service alongside several others. So, they’ll likely research how yours works and what makes it better (or worse) than the competition.
The final stage of the buyer’s journey is the decision stage. This is where the user becomes a customer by purchasing your product or service.
The Role Touchpoints Play in the Buyer’s Journey
Let’s use an example to illustrate how touchpoints can make or break a buyer’s journey.
Sara is looking for a company to help solve a technical issue she’s encountering at work. After doing some research, she’s targeted with a PPC advert by a relevant company offering a valid solution to her problem.
This is her first touchpoint in the buyer’s journey and puts her in the awareness stage. However, she doesn’t convert yet.
She’s targeted again, this time with a Facebook advert. She clicks again and browses the website some more. But again, she doesn’t convert.
She’s looked at a few different websites now and organically lands on the website. After browsing for a while, she converts via a form to book a demo of the product.
Now, she’s in the consideration stage and is also a lead.
Sara sits her demo and is pleased with the product offered. She negotiates with the business and closes, becoming a paid customer.
She’s made a purchase, meaning she’s in the decision stage and is now closed revenue for the business.
The Difficulty with Tracking Touchpoints
While tracking touchpoints in marketing is possible, it isn’t always easy.
Here are a few reasons why.
Different conversion types
Not every business utilises eCommerce. Some companies rely on conversions like phone calls, live chat and form fills. These create leads which are then closed offline by sales teams.
Tracking the volume of these conversion types is one hurdle. The second is attributing closed revenue back to the marketing channels and campaigns that drove those conversions.
Long customer journeys
As we saw with Sara’s customer journey, she didn’t convert via her first touchpoint. It took four touchpoints to convert her and drive her down the buyer’s journey. And some industries see much longer customer journeys with hundreds of touchpoints!
While you might be able to get some insight on which channels are driving conversions, how can you attribute closed revenue to the right channels?
Crediting all supporting touchpoints
While you might get visibility of the last click conversion, what about the other touchpoints?
Take Sara’s journey for example. While you might be able to see that she closed into a conversion via an organic search, what about the paid channels?
Without proper tracking, you can’t ensure that your marketing channels and campaigns are getting fair credit for driving revenue.
Why are Touchpoints Important?
Touchpoints allow marketers to better understand which marketing channels are working hardest to start, drive or close buyer journeys.
And, with the proper tracking, touchpoint tracking allows you to optimise your marketing so you can make sure the right person sees the right message at the right time.
With proper customer journey mapping, you can see how prospects enter your funnel and how your marketing drives them through. Tracking your touchpoints allows you to get even more granular insights.
How to Track Touchpoints
Let’s use our example customer journey again. Sara engaged with the example website from Google Paid, Facebook Paid and Organic before converting.
So, how would we track these touchpoints? The first issue is tracking the conversion via form fill. While we might be able to track this new conversion, we need to attribute it back to Sara’s customer journey.
The other issue is attributing and crediting the relevant channels with the closed revenue from Sara’s purchase.
The solution is simple. A marketing attribution tool like Ruler Analytics.
Track Every Lead and Conversion
No matter how your customers are converting; live chat, form fill, phone call, Ruler Analytics can track it.
In fact, Ruler will track every interaction with your website and attribute it.
So, when a user converts into a lead and is sent to a CRM, you’ll be able to see all the data you need.
Attribute Closed Revenue to Marketing Touchpoints
Ruler links your marketing tools to your CRM. So, when a lead closes into a sale, the revenue closed will be scraped and fired to your analytics tools.
There, it will be attributed to the relevant channel, campaign and even keyword.
You’ll have all the data you need to optimise your marketing to drive more revenue and growth.
Attribute Sales Regardless of Timescale
No matter if your lead closes in a month, 6 months or 2 years, Ruler will continue to monitor it.
As soon as it closes, it will assign revenue based on your chosen attribution model type so that you can see the data you need.
Here’s a quick overview of how Ruler works from start to end.
Tracking touchpoints in marketing doesn’t need to be hard work. With the right tools, you can automatically track every new prospect, lead and customer. You’ll get all the data you need in all the right applications.
See Ruler in action by booking a demo with our team. We’ll walk you through how you can track each and every touchpoint.