Exploring Revenue Attribution Models in B2B Marketing
- December 19, 2023
Exploring Revenue Attribution Models in B2B Marketing
In the current landscape of heightened consumer expectations, the quest for effective revenue attribution models has gained traction as businesses strive for a deeper understanding of the customer journey.
According to a Forrester report, Bizible, a multi-touch attribution reporting vendor, boasts a potential ROI as high as 734%, showcasing the value of acquiring intelligence to streamline marketing expenses effectively.
Advancements in marketing channel attribution reveal that ROI measurement is not exclusive to paid media; owned, shared, and earned media, when integrated into cohesive campaigns, prove equally impactful in funnel management and revenue attribution modelling.
Amidst increased reliance on understanding B2B buyers for sales productivity, B2B marketing is intensifying efforts in sales enablement. Aligning frontline teams with marketers enables the creation of seller-focused communications, fostering engagement.
To attain trusted partner status and foster loyalty, B2Bs are implementing cross-functional alignment strategies to understand buyer needs, identify solutions, and ensure successful implementation beyond the purchase.
Achieving a seamless customer experience requires breaking down silos between departments. Establishing repeatable processes and closed-loop reporting facilitates measuring marketing and sales activities against common KPIs, reducing ramp time for new reps and enabling accurate forecasting.