Advanced product tripwire attribution report that shows all unique marketing clicks that droves a specific product purchase for any time period, and the lifetime value accumulated after the date range of purchase.
Why is this report important?
You can identify if your tripwire offers are leading to higher value customers over time, and you will know how long it takes to achieve that higher value. This allows you to know when you achieve a return on the promotion.
This report will also identify the traffic source, down to the ad or social post level, that led the customer to first join your email list.
With this data you match the exact tripwire products to ads and social posts that deliver the best customers over time.
What do you use this report to figure out?
This report helps you determine how long it takes for your tripwire offer to be profitable. It also tells you where the most profitable customers that purchased this tripwire are coming from.
What is in this report?
Product / Tripwire attribution tells you how much additional revenue you gain from customers that purchased a specific product during a specific click range time period. This report also shows all additional revenue from those customers after the click range time period is over, and when that additional revenue is achieved.
How is this report created?
We combine our click tracking data for the selected range with the purchase history inside your CRM of contacts that first joined your email list via the tracking information shown on a particular row.
**Note: Based on how your CRM logs Free Trials (or Trial Periods), you may see $0 or Negative amounts in the "Other Rev. (Click Range)". For Example, if you use Infusionsoft and have an order form with a Free Trial, Infusionsoft creates a payment for the Product and then creates a Credit for the Free Trial in the same amount. It records the Trial as a completely different product. This may cause confusion, so we want to show you what we mean.
Subscription abc is $299 with a Free 2 week Trial
Infusionsoft Records a Payment of $299 for product abc
Infusionsoft Records a Credit for $299 for product xyz (the trial period product)
This results in
Product Rev (Click Range) = $299
Other Rev (Click Range) = -$299
Total Rev (Click Range) = 0
So, the Total Revenue balances out, but if you are simply looking at the Other Revenue, it could be confusing. Every CRM is different, so this is something to simply be aware of.
What questions does this report answer?
- Should I continue running this tripwire offer?
- Which audiences, ads, social posts, and emails led to the highest long-term revenue for people that bought the tripwire?
- Which ads or audiences should I stop showing this tripwire offer to?
- How long does it take to realize additional revenue from customers that purchase a particular product?
- Do I have a positive ROI for this tripwire offer when it is presented to this specific audience at this exact cost?
How do I use this report?
Select a product.
Select a click range date period. Wicked Reports will search the time period to find all purchasers of the selected product, all additional purchases of other products in that time period, and all future purchases of all products AFTER the click range date period.
Click filter and then expand the screen.
**Find the question you wish to answer below, and take the steps described:
- Select a product.
- Select a click range date period. Wicked Reports will search the time period to find all purchasers of the selected product, all additional purchases of other products in that time period, and all future purchases of all products AFTER the click range date period.
- Click filter and then expand the screen.
- Filter for a specific campaign by either starting to type in the campaign filter field or selecting a specific campaign from the dropdown.
- Click on the cost column to filter by cost descending.
- For Negative ROI rows, they should only be kept pending your analysis from “Should I continue running this tripwire offer?”
- For Positive ROI rows, notice the relative differences between these columns:
- Product Sales - Are their rows where the targeted audience & offer bought a disproportionately higher or lower number of the product?
- Total Rev - Which audience spends the most with me over time?
- Delayed Revenue vs. Click Range revenue - Rows with higher delayed revenue show that those audiences tend to generate more revenue after the click range being reported on. This means a higher quality audience that just needs some nurturing before they open their wallets.
- Once you pass the “Total Revenue” column, you will see columns beginning with “+1 day revenue”, “+7 day revenue”, etc. These columns show the cumulative total revenue AFTER the last day of the click range.
- This allows you to tell the time it takes for accumulated revenue to be higher than the cost of the click period.