With so many marketing channels and touchpoints (like ad types and unique campaigns), plus an abundance of data pouring in, it's important to know your customer’s journey and understand why they’re purchasing.
Polar Analytics and the Polar Pixel give you a suite of attribution models designed to highlight this path, making sure you have a clear vision of which elements of your marketing strategies are working.
Here’s a look at why attribution models matter and what we offer.
The Importance of Attribution Models
Attribution models are key to unlocking the full potential of your marketing efforts. Here’s why:
Effective channel identification: They help pinpoint which marketing channels and touchpoints are most effective in driving conversions.
Budget optimization: By understanding channel performance, you can allocate your marketing budget more effectively, ensuring better ROI.
Strategic insights: Attribution models offer insights that can refine your overall marketing strategy, enhancing both reach and impact.
How we track Attribution
At Polar Analytics, we use our Polar Pixel to leverage first-party data and achieve accuracy by tracking customer journeys and conversions that ad platforms don't see.
Our methods are designed to navigate the challenges posed by privacy regulations like iOS 14.5’s ATT framework — ensuring your data is reliable and compliant with current privacy standards.
Polar’s Attribution Models and Benefits
First Click attribution: Best for top-of-the-funnel, awareness campaigns that aim to identify how potential customers first discover your brand or product.
First Click is Ideal for gauging the initial interest generation effectiveness of various channels.
🎯 This model attributes the conversion solely to the first interaction a customer has with the brand.
Last Click attribution: Best for campaigns focused on driving immediate actions or conversions, such as sales promotions or limited-time offers, where understanding the final push that leads to a purchase is crucial.
🎯 It assigns all credit for a conversion to the final interaction before the purchase.
Multi-Touch Attribution Models
These models assign credit to every touchpoint within the user's journey, distributing the credit among all interactions.
Linear Attribution: Great for comprehensive marketing strategies where every touchpoint is considered equally important in nurturing customer relationships and driving conversions across the entire customer journey.
🎯 This model distributes credit equally across all touchpoints in the customer journey.
U-Shaped: Ideal for campaigns that emphasize both the introduction of the brand or product and the final decision to purchase, such as launches or rebranding efforts where initial and last impressions are critical
🎯 40% credit to both first and last touchpoints + 20% given evenly among the remaining touchpoints.
Time Decay: Works well for longer sales cycles and retargeting campaigns where the focus is on gradually increasing engagement and convincing the customer over time, with more value placed on interactions closer to the conversion.
🎯 It gives more credit to touchpoints closer to the conversion and less to earlier interactions.
Paid-Only Attribution Models
Paid models only consider and give credit to paid touchpoints within the user's journey.
Paid Linear: Useful for analyzing the overall impact of paid advertising efforts by equally valuing all paid campaign touchpoints, helping to assess the performance of paid marketing channels as a whole.
🎯 This model allocates equal credit to all paid touchpoints in the customer journey.
Full Paid Overlap: Best for evaluating specific paid marketing efforts or campaigns by attributing full conversion credit to each paid channel encountered in the customer journey, useful for ROI calculation and optimization of paid strategies.
🎯 Full Paid Overlap distributes full conversion credit to each paid channel in the customer journey.
Full Paid Overlap + Facebook Views: This attribution model helps to capture missing revenue by fetching revenue data from Facebook that is attributed to views only (i.e., no clicks). This revenue is added to the Polar Pixel revenue ensuring that Polar Pixel's ROAS is closer to Facebook's ROAS, providing a more accurate picture of a campaign's performance.
This model is ideal for analyzing Facebook Ads to understand the potential increase in ROI by including view-through traffic. Use it to get a more accurate picture of how your ads are performing by considering not just clicks but also views that lead to conversions.
🎯 Employ this model to capture the full spectrum of ad influence, enhancing your understanding of the actual effectiveness of your Facebook Ads campaigns.
Data-Driven Models
Full Impact: Unlike traditional methods, which mostly focus on clicks, this statistical model examines all customer journeys to determine each paid channel's real contribution.
Full Impact looks at every touchpoint to understand what helps make a sale and uses advanced learning algorithms to assign attribution credit by impact.
This model’s goal is to keep improving by learning from new data. It’s great for forward-thinking brands looking to leverage advanced analytics and machine learning to measure the comprehensive impact of their marketing efforts.
Full Impact Paid: This is the same as the above, but is only looking at paid channels.
How-to: Adjust your Polar Pixel Attribution Model
If you'd like to adjust your attribution model in Polar, you can easily do so by editing the "Attribution Model" filter either within your Channel Performance table or within a Custom Report.
How to adjust the Attribution Model within Channel Performance.
How to adjust the Attribution Model within a Custom Report.
Note: Keep in mind that by default, the Polar Pixel metrics (that are automatically added to your Key Indicators section when you first install the pixel) are calculated using the First-Click model.