Often enterprises having difficulties in understanding the campaign drives the maximum traffic and business to their website. Since many large scale enterprises started moving towards PEGA Centralized Decisioning Hub (Unified Marketing tool to send hyper personalized contextual, timely marketing message to the customer) to serve the marketing message, it is most important & critical for them to analyze & measure the RoI for the investments they have made.
One easy way to measure & track the effectiveness of the
Marketing message sent to from PEGA for both Inbound & outbound channels is
using UTM parameters to their CallToAction
link.
UTM parameters
come into play to analyze & measure the marketing campaign that
drives maximum traffic. Organizations can plan their investment based on the
historical performance in a Omni Channel Marketing environment.
By tagging your URLs with UTMs (Urchin Tracking Module), you
can understand how your visitors interact with your website/app/outbound
campaign like SMS/Email.
Here’s how these UTM parameters appear at the end of your URL:
https://www.jio.com/recharge_singleclick?
planId=1008395&utm_source=NE&utm_medium=SMS&utm_campaign=Plan_expiry
Adding UTM parameters in all the CallToAction link provide extremely valuable
insights from Analytics perspective to measure the effectiveness of the Offer &
RoI . You can uncover a goldmine of behavioral data to help boost our
sales and refine your overall marketing strategy (Offers, Channels
etc).
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What Are UTM
parameters?
Here’s a succinct and super helpful definition from Kissmetrics:
“UTM parameters are simply tags that you add to a URL. When someone clicks on a URL with UTM parameters, those tags are sent back to your Google Analytics for tracking.”
As a PEGA Decisioning Consultant can plan & keep all the
UTM parameters in a proposition catalog & finally build the CallToAction
target link from proposition metadata.
There are five UTM parameters that you can attach to your
links:
UTM source: Encapsulates the traffic source that in
most of the cases is the platform on which you shared the link, for example,
Google, LinkedIn, Twitter and Gmail.
UTM medium: Includes the marketing medium that is
closely related to the source. For instance, if you use Google as a source, PEGACDH,
Adwords etc.
UTM campaign: Underlines the campaign that you used
to share the URL. You can name the campaign as you like, for example, “PlanExpiry“
for outbound campaign and “Inbound” for real time inbound call to offer
recommendations from PEGA Decisioning engine.
UTM term: In most cases, this parameter is used for
advertising and seizes the term you bid on for sharing your URL. For example,
you might bid on the term “Drip
Marketing,” and consequently, “drip marketing” will be the UTM term.
UTM content: A parameter that is used to determine
the content that collected interaction when multiple elements from your ad
promotion led to the click. This is especially useful if you A/B test more
versions of your content.
Only UTM parameters are sufficient to measure the PEGA Decisioning performance?
NO. We can add as many custom parameters to track the
marketing effectiveness (URL can have max 255 chars including params. We could
add only relevant url parameters to measure the effectiveness).
Below is on the example where the CallToAction link contains
the InteractionID (URL param is IxID), OfferName(URL Param O), ContentID (CONID)
Why UTM Parameters
Matter for PEGA Decisioning CallToAction Links?
By using UTM parameters we can gauge the types of marketing messages/offers
that work and provide us with the insight needed for the ones that didn’t.
Basically, there are 5 major benefits from using UTM parameters for your
campaigns:
Cross-Channel Tracking: You’ve just created a
dedicated landing page Or Offer message to the Market. How to measure RoI for
this? What if 99% of your traffic comes from Inbound Web channel and only 1%
from SMS campaign? With UTM parameters, you’ll know exactly which channel
brings you long-term profits.
Improving Your Channel Campaigns: When you track the
channel’s ROI and monitor the campaign’s impact, you’ll have a clearer picture
of what provides you with the best outcome. Now, you’ll be able to focus on
improving the channel’s impact.
A/B Testing: If you want to test two different CTAs because
they both lead to the same link, you can use a UTM parameter. You can compare
the engagement for both of your CTAs and determine where your target customers
respond better.
Influencer Marketing: When you pay a social media
influencer to market your product, you want to know if he/she really gets
clicked on or it’s just a person with a fake followers count. Creating a custom URL with
UTM tags can help you track their ROI efforts.
Finally,
Adding
UTM parameters in all the CallToAction link provide extremely valuable insights
from Analytics perspective to measure the effectiveness of the Offer & RoI .
You can uncover a goldmine of behavioral data to help boost our sales and
refine your overall marketing strategy (Offers, Channels etc).
Happy Learning!
Nanjundan Chinnasamy | PEGA Lead Decisioning Architect
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