Indeed, marketing attribution can answer questions like “What was the marketing team’s contribution to generated revenue this year?” and “What assets drove the most leads last quarter?” by providing insights into the impact of various marketing efforts.
- What was the marketing team’s contribution to generated revenue this year?
- What assets drove the most leads last quarter?
- Which type of customers have the highest propensity to return and buy from us again?
- Why did our search campaigns outperform our social campaigns last month?
The correct answers are: “What was the marketing team’s contribution to generated revenue this year?” and “What assets drove the most leads last quarter?”
Explanation: Marketing attribution serves as a key mechanism to unravel the influence of different marketing activities on lead generation and revenue. It enables marketers to quantify the impact of specific assets, such as a blog post or a social media campaign, on sales and lead generation. By employing marketing attribution, questions regarding the marketing team’s contribution to annual revenue or the efficacy of particular assets in driving leads in a specific quarter can be accurately addressed, thereby facilitating informed decision-making and strategy optimization.
HubSpot Inbound Marketing Lesson: Maximizing ROI With Marketing Attribution and Experimentation