Anonymous asks, “In B2B marketing, how do I track a lead from a paid ad to a conversion?”
The process requires great Google Analytics setup and tagging, nothing more, at least to the point of conversion. To the point of sale, that requires a good CRM and potentially a marketing automation system.
Can’t see anything? Watch it on YouTube here.
Listen to the audio here:
- Got a question for You Ask, I’ll Answer? Submit it here!
- Subscribe to my weekly newsletter for more useful marketing tips.
- Find older episodes of You Ask, I Answer on my YouTube channel.
- Need help with your company’s data and analytics? Let me know!
- Join my free Slack group for marketers interested in analytics!
What follows is an AI-generated transcript. The transcript may contain errors and is not a substitute for watching the video.
In today’s episode, anonymous asks, in B2B, how do I track a lead from paid ads conversion? So, quick note about the anonymous thing, we have a form over on the Trust Insights website.
It’s called Ask a silly question.
And it’s intended to ask questions that you might not feel comfortable asking, sticking your name next to it.
Some of those things like, I probably should know this, but I don’t.
So this is one of those questions.
The answer to this question is fairly straightforward.
It requires two things great Google Analytics setup, and Google Analytics tagging.
When you do both properly, you can measure up to the point of a form fill, and possibly a little bit afterwards in any b2b or b2c marketing setup.
So the way it typically works is you would make sure that you have goals and goal values set up in Google Analytics that are set to whatever your conversion is like downloading a white paper or requesting a demo or filling out the Contact Us form.
those goals would be things you would track and Google Analytics and would be indicators.
Somebody crossed the line the finish line, and did the thing that you wanted them to do.
On the paid ad side, you would use Google’s UTM tracking codes.
Call it stands for urgent Tag Manager from way, way, way back in the day, 15 years ago, when Google bought urgent analytics and turned it into Google Analytics.
So those UTM tracking codes, you would indicate the source, the medium and the campaign and possibly some other details in order to be able to assign where traffic came from that converted.
So in any standard paid ad, you would make the UTM source whatever the network is like Facebook or Google ads or Bing Ads or whatever The medium would almost certainly be CPC for paid search, paid social for paid social display, CPV or CPA for cost per acquisition or cost per view for display advertising.
And then the campaign, whatever the campaign name is, white paper 2020 or whatever, whatever your whatever it is you’re doing.
Those two things combined, allow you to see leads that you’ve acquired from your paid ads and assess the performance of ads.
If you have a goal value set up in Google Analytics, it’ll even give you then the estimated inferred revenue for what those conversions are generating.
Now, the one thing Google Analytics does not do out of the box, and it’s something you need is track personally identifiable information and in fact, it’s explicitly disallowed.
Terms of Service.
So if you want to track an individual person from a paid ad to a conversion, you will have to use at least a CRM that integrates with Google Analytics and potentially a marketing automation system, something like, you know, par.or, Marketo or Eloqua, or, like with Oracle Marketing Cloud now Mautic, Hubspot, any of the major marketing automation software packages can integrate with Google Analytics and allow you to track an individual person from wherever they came from, like a paid ad to into your CRM, and then potentially even whether that business closes or not, to be able to understand the performance of an ad at a revenue level.
That requires a lot more setup that requires extensive integration and proper configuration of all the tools.
So if you need data in the aggregate, like how well are my favorites, adds to it how well my LinkedIn ads doing Google Analytics and Google UTM.
tracking codes is the way to go.
And it’s very straightforward, if you need the individually identifiable information requires a lot more setup from Google Analytics, and the UTM tracking codes to marketing automation to CRM.
Now, the next question need to ask is What are you going to do with that information? tracking it tracking leads is great, and it’s important, we should definitely do it.
But the bigger question is, what decisions will you make from that information? Will you change your ads? If you find ads or some ads are less effective than others? That’s an important decision to be able to make.
Do we need to change the messaging? Are we on the right network? So in the right place where people are, do we have the right audience? Do we have the right offer? Generally speaking, when it comes to ads and tracking and decisions, there’s going to be three decisions They’re gonna make and this references Bob stones 1968 direct marketing framework used to say lists offer creative in that order, do the right list, meaning your audience do the right offer.
And you have the right creative when it comes to paid ads, same exact thing applies.
Are you advertising to the right people? Google Analytics can give you some of that information.
But the paid ads system you’re using probably will give you more of that information.
But it’s certainly if you’re just kind of going broad.
With advertising, you will not get great performance advertising today works much better with a very specific audience in mind.
So make sure that when you’re setting up your tracking codes, you’re tracking which list you are or which audience you’re going after.
If you’ve got the right people, then the next step is do you have the right offer? Do you have an offer that’s compelling to those people and that’s something that, again, Google Analytics will not tell you that.
In fact, nothing will tell you that except something like a focus group.
Or a survey of your target audience to say, hey, if you need analytics consulting, what kind do you need getting information from your audience that way? And then the last, of course, is the creative, you have the right images, copy and all those things.
One of the things that people do wrong with this type of tracking is that well, a two things.
One, they don’t make decisions at all.
And two, if they do, it’s usually on the creative side and not looking at the list and the offer side.
Bob stones framework clearly says, make sure you’re advertising to the right people first, because you’re not nothing else matters.
You can have the best offer, you can have the most beautiful creative and if you’re targeting the wrong audience, nothing matters.
So address your testing based on your analytics from that perspective list first, then audience then creative.
So to sum up, if you only care about conversion to like a form Google Analytics and Google Analytics UTM tracking are the way to go set it up properly.
And you’ll be able to track everything that you need from beginning from the source of your traffic to the thing that they did.
If you need identifiable information, you’ll need to integrate your marketing automation and CRM system.
And if you’re going to make great decisions, make sure that you spend some time learning how UTM tracking codes work.
And in fact, you can search this on my YouTube channel and find other videos on UTM tracking codes, best practices, but make sure you’re using them well, because if you don’t, the data gets messed up.
And unfortunately, you can never go back and fix it in Google Analytics.
Hopefully this answers your question.
If you have further questions, please leave them in the comments box below.
Subscribe to the YouTube channel and the newsletter.
I’ll talk to you soon.
while solving your company’s data analytics and digital marketing problems, visit Trust insights.ai today and let us know how we can help you
You might also enjoy:
- What Content Marketing Analytics Really Measures
- B2B Email Marketers: Stop Blocking Personal Emails
- How I Think About NFTs
- How To Set Your Consulting Billing Rates and Fees
- What Is The Difference Between Analysis and Insight?
Want to read more like this from Christopher Penn? Get updates here:
Get your copy of AI For Marketers