Marketing term definitions

Multi-touch attribution

🎉 THe fun  definition:

Multi-touch attribution is like trying to figure out which friends contributed to the best birthday party ever. Instead of just thanking the one who bought the cake (last-click attribution), you’re giving kudos to everyone who pitched in – the buddy who ordered the DJ, the pal who hung up the disco ball, and even the friend who drove you to the store for decorations. Essentially, it’s about spreading the love and credit to all marketing channels that whispered sweet nothings to the customer before they said, "Shut up and take my money."

🤓 THe nerdy  definition:

Multi-touch attribution (MTA) is an advanced analytical method used in marketing to assess the effectiveness of various touchpoints in the consumer's journey towards a conversion. Unlike single-touch attribution models, which credit the entire conversion to one interaction, MTA considers multiple engagements across different channels—such as email, social media, search, and online ads—to distribute the attribution appropriately among them. By providing a more comprehensive view of the customer journey, MTA helps marketers optimize their media spend and strategy by identifying which touchpoints have the most significant impact on driving conversions. This data-driven approach relies heavily on tracking and analytics technologies to accurately map and evaluate each consumer interaction, necessitating sophisticated tools and techniques for data collection and analysis.

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