Marketing ROI: A Simple Guide to Marketing Attribution Tracking

Master marketing attribution. Learn how to track your customer journey with UTM parameters, Google Analytics, and more. Improve ROI with data-driven strategies.

By Natsha Ness

Published on 13 Feb, 2025

Let’s be honest, attribution tracking can feel like navigating a marketing data maze blindfolded. You’re often left unable to answer simple questions like, “Where did this lead come from?” or more complex ones like, “What was the final touchpoint that led to the conversion?” But fear not, fellow marketers! It doesn’t have to be as complex as you’ve been led to believe.

The Key to Attribution: A Solid Foundation

With the right strategy, tools, and a touch of marketing savvy, you can trace your customers’ digital journeys and see exactly where your efforts are—and aren’t—paying off. Ready to ditch the guesswork and embrace data-driven decisions? Alright, well, let’s dive in.

 


Step 1: Defining Your Attribution Goals: Which Model Matters Most?

Before diving into tools and tactics, let’s talk strategy. A crucial first step is deciding which type of attribution you’re tracking. This isn’t just a technical detail; it’s a fundamental business decision requiring stakeholder alignment. Think of it as setting your marketing compass – you need to know where you’re heading. Here are some key metrics you need to align on:

  • First-Touch Attribution: This model gives all the credit to the first touchpoint a customer interacts with. It’s great for understanding which channels are best at generating initial awareness and attracting new leads. Imagine it as the first impression your brand makes. It’s powerful, but rarely the sole driver of conversions.
  • Last-Touch Attribution: This model gives all the credit to the final touchpoint before a conversion. It’s useful for understanding which channels are most effective at driving those crucial final steps. Think of it as the closing argument – it seals the deal. Understanding last touch can pinpoint the pivotal moment a buyer transitions from prospect to customer.
  • Multi-Touch Attribution: This model distributes credit across multiple touchpoints. It provides a more holistic view of how different channels contribute to conversions. Think of it as recognizing the entire team’s effort – from sales and product to marketing. It’s often considered the gold standard of attribution.

Start Somewhere, Then Scale

Most marketers begin with either first-touch or last-touch attribution, as they’re simpler to implement and understand, and many platforms inherently support them. It’s crucial to master the basics before trying to run a marathon. Once you’ve grasped the fundamentals of one of these models, you can explore the more nuanced world of multi-touch attribution. This article primarily focuses on the fundamental elements of attribution—the building blocks that support any attribution model. Understanding and implementing these fundamentals is essential before tackling the complexities of multi-touch. We’ll touch upon the different attribution models throughout, but remember: getting the basics right is key! And, of course, ensuring your chosen systems can support your desired attribution model is critical for success and scalability.


Step 2: The Foundation: UTM Parameters – Your Tracking Superpowers

Now, let’s get to those essential building blocks! Think of UTM parameters as your marketing superpowers. These little tags, which can be automatically added by your website through a third-party plugin OR easily appended to URLs, act like breadcrumbs, guiding you to understand where your traffic is coming from. Many content management systems (CMS) like WordPress, Adobe Experience Manager (AEM), Sitecore, Sanity, or HubSpot offer plugins or built-in features to simplify UTM creation. This ensures consistent tagging across your website. For example:

yourwebsite.com/awesome-product?utm_source=facebook&utm_medium=social&utm_campaign=spring_sale

This tells you the traffic came from Facebook (source), through a social media post (medium), and is tied to your spring sale campaign. Consistent UTM use is essential – it’s the foundation upon which all your other tracking efforts are built. Without it, you’re just throwing confetti and hoping something sticks!

 


Step3: The Central Nervous System: Analytics Platforms – Your Insight Hub

Like your body’s central nervous system, a robust analytics platform is the heart of your attribution strategy. It gathers and processes all the vital information about your customer journey. Here are some common options:

  1. Google Analytics (GA): The reliable family doctor of analytics. GA is a popular (and free!) option, perfect for a comprehensive overview of your website traffic and campaign performance. Think of it as your regular check-up, providing essential insights into user behavior and conversions.
  2. Adobe Analytics: The specialist for complex cases. For larger organizations with intricate tracking needs, Adobe Analytics offers enterprise-grade features and advanced analysis. It’s like getting an MRI – deeper insights for more complex diagnoses.
  3. Heap: The effortless data collector. Heap automatically captures all user interactions on your website or app, saving you from having to predefine what you want to track. It’s like having a diligent note-taker.
  4. Pendo & Hotjar: The specialist consultants. Pendo (product usage) and Hotjar (user experience) offer valuable, specialized insights. Pendo helps you understand how users interact with your product, while Hotjar reveals how they experience your website.
  5. Marketo Measure (formerly Bizible): Measure was specifically designed for sophisticated, multi-touch attribution modeling and reporting. It helps bridge the gap between marketing activities and revenue, providing clear insights into which campaigns are driving the most valuable results. It integrates with various data sources, including CRM systems (like Salesforce) and ad platforms. Think of it as a high-powered lens on your marketing microscope.

Choosing the right platform, or combination of platforms, depends on your needs and budget. But remember, consistent data collection and accurate tagging are crucial for any platform.

 

 


Step 4: Tag Manager: Your Touchpoint Tracker

Managing all those tracking tags can be a headache. That’s where tag management systems like Google Tag Manager (GTM) or Adobe Launch come in.  Think of them as the conductor of your tracking orchestra, ensuring everything plays in harmony. Instead of manually editing code, you can use these tools to easily add, update, and manage your tags, including those all-important UTM parameters. Want to track clicks on a specific button? No problem! Tag managers make it a breeze.

 

 


Step 5: Marketing Automation Platforms: Your Customer Journey Guides

MAPs are essential for orchestrating personalized customer experiences and precisely tracking their effectiveness. They elevate attribution by integrating with your analytics platform and other key tools, providing a holistic view of the customer journey, often incorporating offline touchpoints and lead nurturing. Think of a marketing automation tool as the customer journey, the analytics tool as your GPS, and your tag management solution as the markers and destination. They all play a key role in driving and understanding attribution.

Here are some key players:

  • Marketo, primarily known for B2B marketing, offers sophisticated lead nurturing, email marketing, and robust programmatic automation. It provides built-in attribution reporting via Marketo Performance Insights (MPI) and integrates (through a CRM integration specifically) with Marketo Measure (formerly Bizible) for more advanced analysis. This allows for analyzing campaign performance and understanding how touchpoints contribute to pipeline and revenue. Marketo, of course, also integrates with other attribution tools for even deeper insights. 
  • Braze specializes in personalized messaging across channels like email, push notifications, and in-app messages. While Braze offers excellent campaign performance reporting and excels in engagement and personalization it tends to not have a comprehensive attribution analysis solution baked in. This one warrants the integration with a dedicated attribution or Business Intelligence platform. 
  • Salesforce Marketing Cloud offers a broad suite of features, including email marketing, social media marketing, AI capabilities, and advertising. While it provides various reporting features, its attribution capabilities depend on the specific product within the suite. Many utilize Salesforce Marketing Cloud Intelligence or Einstein AI Based Predictive Analytics to support channel-based analytics or integrate with a third-party BI tool. 
  • HubSpot, a popular inbound marketing platform for both B2B and B2C, offers tools for email marketing, landing pages, sales engagement, and CRM, with native integrations for advertising and social platforms. HubSpot includes attribution reporting, especially in its higher tiers, allowing users to understand which marketing activities drive leads and customers. 
  • Klaviyo, designed for e-commerce, retail, and hospitality businesses, excels at email and SMS marketing. While offering built-in reporting and deliverability monitoring for email campaign performance, comprehensive, multi-channel attribution typically benefits from integration with a dedicated attribution tool. However, Klaviyo’s recently launched in-platform CDP and enhanced AI-driven analytics suggest these type of capabilities are right around the corner.

 

While some marketing automation platforms offer built-in attribution reporting, the depth and sophistication of these features vary. This platform is absolutely key to driving the campaigns you’ll ultimately be monitoring, measuring, and attributing. For multi-channel attribution, integration with a dedicated attribution platform or a BI tool is often the best approach.

 

 


Step 6: Business Intelligence (BI) Tools: Your Data Storytellers

We’ve emphasized starting with the fundamentals, but we also want to highlight a crucial “phase 1.5”: integrating a business intelligence (BI) tool.

While not strictly necessary from the outset, if you’re pulling data from multiple sources—marketing automation, your data warehouse (product data), CRM, billing/financial data, and advertising platforms—a BI tool can be a game-changer. Especially if your reporting requires financial data, then transforming, mapping, and integrating that information is much smoother with a dedicated BI platform.

For deeper insights, consider tools like Tableau, Power BI, Looker, or further leverage Marketo Measure (Bizible).

These platforms transform your data into compelling narratives, visualized in custom dashboards and reports. Imagine easily spotting trends, patterns, and areas for improvement, along with understanding the ROI of different campaigns across channels. BI tools empower you to make data-driven decisions about budget and strategy.

 

 


Putting It All Together: The Grand Finale

Successful attribution hinges on strategy and seamless integration. Connecting your marketing platforms and consistently using UTM parameters creates a smooth flow of data, revealing a complete picture of your customer journey.

In short: start with UTMs, leverage your analytics platform and tag manager, connect these tools to your marketing automation platform(s), and then visualize all that rich data in a BI dashboard for easy sharing and monitoring. This integrated approach transforms disparate data points into actionable insights, empowering you to optimize your marketing mix and drive

 

Written By Natsha Ness

Natasha Ness leads the go-to-market team at Shift. She has a blended background in marketing, product, design, UX, and sales where she's helped both small, mid-size and enterprise companies launch new solutions and optimize their existing. When she's not dabbling in the latest technology or building a campaign, she spends her free time with her two girls and husband, likely watching an anime together.
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