Engagement Marketing Metrics, ROI & Open ID

I have been reading a lot about how conversion tracking isn’t enough data to make the best decisions and engagement is the new black. It is frustrating because no one defines engagement in the same way and no one can really tell you what it is.

I do agree though that engagement is the next evolutionary step in tracking onlinemedia for ROI purposes. I think the trouble people will have will be in customizing it rather than standardizing it. I think the meaningful parts of the process will be totally different depending on the company, the media, the process and the product.

What I consider the next thing for my own tracking purposes is prior ad exposures. This is an engagement metric for the ads leading up to conversion rather than site visitors for our own site. I don’t work with analytics usually or determine how to get someone to engage with a process over and over again. I do try and figure out ways to advertise affordably and get people to complete the conversion process. This prior exposures report should provide more insight into how many, where, when and how people come to the conversion site. I am thinking it should provide us information we won’t anticipate as well as show some information we knew would be there.

I am also a bit pissed off with this stupid marketing sherpa execuitive summary report. Pretty much everything written in it is complete bunk since there are a ton of caveats to each graph and I would bet more is according to how people track and assess results than how the media actually performs. If people would track media post impression they would see the value of banners rather than just for clicks. This is so frustrating until you see the data. Then it just makes sense.

People are influenced by banners (branding) and that whole banner blindness thing had to do with the crap companies that were allowed to buy ads with spammy business practices and scams.  They are still out there and as long as they are allowed because of corporate greed, people will keep ignoring some of the good ads for things they really do want and need. Targeting is part of the equation, but as far as targeting goes, we are still in the dark ages.

This brings me to another beef I have with the online ad industry right now. Everyone LOVES behavioral targeting, even if they don’t know what that means. (It has nothing to do with your behavior most of the time by the way.) It is a tracking of people who have been selected as a target by their profile info (Yahoo) or by visiting your site before and the ads follow you around on the web. The latter is the better way to do this (indicating actual interest rather than categorical inclusion) although we don’t know nearly enough about our target customers to really be able to target them online.

I am always asked why someone targeted for one category converts in an opposite one. Why? I have no F-ing clue dude! People are multi-faceted. They can belong to more than one interest or category even if marketers feel it shouldn’t be allowed. People have many aspects to their life and interests and they will always be that way. We won’t know all that data about them or how to process it for a long long long time.

That is what this stupid open ID thing will eventually lead to. A one stop shop for all your profiles and data so marketers can target you on hundreds of variables like what you do for fun, what you do for work and where you shop and live. (they have to sell out sometime) It would take literally hundreds of actual customer profiles to understand the marketability of each of these demographics, and then targeted messages to serve specifically to each profile type. It will take a few years to get there but I think it will get there sooner than I am personally ready for. I don’t know how to collect, assess or value those metrics about customers nor do I really want them targeting me like that.

Oy! Anyway, I am most interested in the overlapping cloud of ads that all influence someone to buy or sign up for something rather than I am in trying to figure out how to track a million personal profiles and target them with individual ads. Also, contrary to that stupid exec summary, pop-ups and unders still suck ass and you know it.

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