Podcast explores the dangers of attribution modelling, including overlooking external factors and over-reliance on data. It discusses Google's encouragement to trust AI for attribution and improvements in GA4. The benefits and features of Google Analytics, including smart attribution system, are highlighted. Using both first and last session reports for a balanced view and optimizing website performance with smart attribution and machine learning-based campaigns are discussed. Excluding brand search and testing for effective campaign attribution are also covered.
Attribution modeling in digital marketing can overlook external factors and lead to over-reliance on data.
Testing and monitoring different advertising channels is crucial for accurate attribution and effective budget allocation.
Deep dives
The Dangers of Attribution Modeling
The podcast episode discusses the dangers of attribution modeling in digital marketing. It highlights the challenges faced with Google's performance max campaigns, which utilize machine learning to select the right ad for the right audience. However, the issue arises when the campaign does not provide detailed information on where the clicks are coming from, making it difficult to attribute value accurately. Additionally, the podcast explores how attribution modeling works in GA4, where a data-driven model is used as the default. The hosts recommend using both first session and last session reports to get a balanced view of the user journey. They also emphasize the importance of excluding brand searches and testing campaigns in isolation to avoid cannibalizing organic traffic and ensure accurate attribution.
Automatically Created Assets and Brand Search
The podcast delves into the impact of automatically created assets and brand search on performance max campaigns. Automatically created assets generate ads based on top-performing pages and keywords, potentially cannibalizing organic traffic. The hosts advise caution in using this feature, as it may divert paid resources to low-converting searches. They also highlight the importance of excluding brand searches from performance max campaigns to obtain accurate results. The hosts recommend isolating brand campaigns to evaluate their performance separately, and they emphasize the significance of testing and monitoring different advertising channels to allocate budgets effectively.
Balancing AI and External Data
The podcast concludes by stressing the need for a balanced approach when relying on Google's AI and attribution modeling. While the data-driven model in GA4 offers valuable insights, the hosts emphasize the importance of cross-referencing the attribution data with revenue figures and other external sources. They caution against blindly trusting the attribution results and urge marketers to consider the actual impact on sales. The hosts recommend taking a comprehensive view of data and evaluating campaign performance holistically to make informed decisions and avoid wasting budget.
Attribution modelling helps marketers understand which campaigns or activities were most effective in driving conversions, allowing marketing teams to adjust budgets and other factors accordingly. Sounds like a perfect methodology, but it’s not all smooth sailing. Join us for the latest episode of the Digital Marketing Podcast as we discuss the dangers of attribution modelling, such as overlooking external factors, the hazards of over-reliance on data, issues with cannibalisation and more. -- Show notes: Do you have any feedback on the show? We really would love to hear from you. , tell us what you love and what you think could be better. And, if you are really enjoying the show, please
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