Top 10 methods to track delayed conversionOffline conversion tracking. Saurav verma
Internet undoubtedly is the greatest source of information we will ever have and there is no stopping to it. It is also a viable source for commerce and is evident from the fact that e-commerce websites are mushrooming all over the World Wide Web. People buy online because it's simple, fast and easy. Sniffing this tremendous opportunity, many offline businesses have joined the online bandwagon and raked in revenue; something they failed to realize earlier. However, this multi channel presence gave birth to a precarious situation – tracking delayed conversion.
Numerous studies and polls have shown that people extensively use Internet as a research tool because of its ability to provide vast pool of information for every imaginable thing. But when it comes to buying people prefer to visit their nearby brick and motor shop. This is especially true for products and services that are characterized by long sales cycle and therefore lead to delayed conversion. “It's increasingly clear that consumers who search for products online will often visit brick-and-mortar locations to complete their purchase”, a statement made by John Miniati, Vice President, comScore. The statement clearly demonstrates that online research fuels offline sales.
The growth and rampant adoption of web analytics to measure online conversion and therefore justify the marketing spend is sufficient for pure plays like eBay and Amazon. However, multi channel businesses are only able to get a myopic view by tracking online conversion and miss out on the holistic picture. A study conducted by comScore revealed that 63% of the online visitors converted offline and thus knowing the full impact of the web channel on offline sales gained precedence. This cause is further compounded by the fact that online marketers are finding it seemingly difficult to justify their online marketing budget in absence of tangible results. Tracking offline conversion which results as a fallout of online marketing efforts thus became imperative.
The following methods can be adopted to accurately track the phenomenon of delayed conversion:
Another intermediate method, which is seldom used, to track offline conversion is to run a trial campaign and then extrapolate the gathered data for future campaigns. Correlating online influence to offline sales can be attained in many more ways and is being offered by many modern statistical and analytical tools.
Tracking offline conversion is essential to realize the true ROI achieved from your online marketing efforts and should not be ignored. |
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