๐ Fun Facts About Attribution & Ad Spend ๐โ
Search, Social, & Display almost always attribute the MOST conversions & LOWEST CPA โ but don't be fooled!โ
CTV (Connected TV) almost always drives the highest impact on awareness, consideration, AND highest incremental lift ๐ Why?๐ Studies show that over half of Google searches come from consumers already intending to buy. Try typing "Chipotle" into your browserโit likely gets routed through a search engine (Google, Bing, etc.). Search gets the last touch credit, ignoring the channels that actually drove awareness and consideration.๐ฒ Social media is great at serving ads for products you were already going to buy, but it doesn't capture what sparked that interest in the first placeโagain, getting last-touch credit.๐ฅ๏ธ Display ads have far more impressions than CTV, so there's simply a higher chance they appear last before a conversion. What Does This Mean for Marketers?๐จ Many marketers focus too much on basic metrics like CTR and CPA, while neglecting impact-driving channels like CTV & Audio. โ๏ธ Last-touch attribution treats a 30-second ad on a 65-inch TV the same as a banner ad you scrolled past in 0.2 seconds on your phone. ๐ฐ In 2024, marketers spent ~$132 BILLION on just Google Search & $160 BILLION on Meta's social media entities ๐ค It's time to rethink attribution and invest in channels that actually drive consumer behavior. ๐ก #Marketing #Advertising #CTV #DigitalMarketing #Attribution #AdTech #GrowthMarketing #GoogleSearch #GoogleSEO #MetaMeasurement