One huge factor to a winning marketing strategy is understanding your customers - where they have been before they come to you, or to a competitor. In this episode, guest Jeremy Sacramento, Content Manager of Dreamdata, explains all about data attribution and how it could help you map your customers' journey and #getnoticed.
Jeremy also explains how data could help you formulate a winning marketing strategy and how you could acquire those data from your marketing content, ad campaigns, and buyer's journey, and how you could consolidate those data in a way that is easily understandable to any staff in sales and marketing teams, and how Dreamdata could help with just all of that.
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The UnNoticed Entrepreneur is hosted & produced by Jim James.
Hello, and welcome to this episode of The UnNoticed Entrepreneur.
Jim James:And today we're going to ask the question whether attribution is this silver bullet
Jim James:to understanding where your customers have been before they come to you?
Jim James:And to answer that question, I've got Jeremy Sacramento, who's got a
Jim James:name like a town in California, but is actually in Copenhagen, Denmark.
Jim James:Jeremy, welcome to the show.
Jeremy Sacramento:Hi, Jim.
Jeremy Sacramento:Thanks for having me on.
Jeremy Sacramento:It's a pleasure to be here.
Jim James:Look, it's a pleasure to have you from Dreamdata on, because I've
Jim James:been following your company on LinkedIn.
Jim James:And I want us to talk about attribution - is it the silver bullet?
Jim James:Because most entrepreneurs, including myself, don't know what's happening to
Jim James:our customers before they get to us.
Jim James:Let alone, even while they're on the journey through our own company.
Jim James:So help us to understand, how do you, Dreamdata, help entrepreneurs get noticed?
Jeremy Sacramento:Right.
Jeremy Sacramento:Yeah.
Jeremy Sacramento:So before I think we get into the meat of attribution, I think we should unpack
Jeremy Sacramento:what we're trying to piece together.
Jeremy Sacramento:And that is the customer journey—that journey from when a customer
Jeremy Sacramento:first sets off on buying a product of your type, and eventually
Jeremy Sacramento:becoming a buyer of yours or not.
Jeremy Sacramento:But it's mapping that out and we all know how this customer
Jeremy Sacramento:journey is becoming more complex.
Jeremy Sacramento:We've got individuals spending more time browsing overabundance of content, we've
Jeremy Sacramento:got them doing so on multiple devices, we've got them using multiple channels—so
Jeremy Sacramento:whether that's, you know, LinkedIn or Facebook, or Google, or YouTube, you
Jeremy Sacramento:name it— they can find you somewhere.
Jeremy Sacramento:And there's this overabundance of content.
Jeremy Sacramento:All these interactions they have with all these brands are becoming more complex.
Jeremy Sacramento:And now at Dreamdata, as a B2B focused platform, we are trying
Jeremy Sacramento:to make sense of the B2B journey.
Jeremy Sacramento:So, which I would say, has an added layer of complexity.
Jeremy Sacramento:And any of your listeners who are in that space will surely resonate
Jeremy Sacramento:with this where they've multiple users, representing their company,
Jeremy Sacramento:buying over a really prolonged time.
Jeremy Sacramento:Actually, we ran an analysis on our data, which found that the average
Jeremy Sacramento:B2B customer journey takes from first touch to one closed as one takes
Jeremy Sacramento:192 days, if that's, so it's about six months if my math is correct.
Jeremy Sacramento:So there's a lot of interaction that is taking place with different brands
Jeremy Sacramento:on review sites, on with blog posts.
Jeremy Sacramento:And, what we are trying to do is unpack all that data and make
Jeremy Sacramento:sense of what's happening there.
Jim James:Yeah, that's right.
Jim James:And as you say, if you've got nearly six months or more of analysis
Jim James:and touchpoints, many of those touchpoints, as well, companies have
Jim James:put out content, you say, on blogs, or maybe they've done Facebook ads,
Jim James:or videos on YouTube or on Vimeo.
Jim James:How do you help an entrepreneur to consolidate all of that information?
Jim James:Because at the moment I've created, for example, a dashboard
Jim James:from podcast downloads to email newsletters, and so on, at the
Jim James:moment, is a manual process in Excel.
Jim James:How do you help with that?
Jeremy Sacramento:Well it's exactly that.
Jeremy Sacramento:We are moving off Excel and trying to actually pick up all those data points.
Jeremy Sacramento:Now, what we see is entrepreneurs and startups through to enterprises using
Jeremy Sacramento:an increasing number of tools—whether it's your email automation, your
Jeremy Sacramento:ad platform, your podcasts service provider— all these are sitting on these
Jeremy Sacramento:different data silos, as we call them.
Jeremy Sacramento:Which needs to be pulled out, pulled together, cleaned, so that you're looking
Jeremy Sacramento:at the same customer doing all these different touches, including those that
Jeremy Sacramento:are coming, you know, your web analytics, we're talking about kind of your web
Jeremy Sacramento:tracking, Google analytics type of thing.
Jeremy Sacramento:We're going to get all that data together, and then we map it out, and
Jeremy Sacramento:tell you kind of where your customers are and how they're interacting at
Jeremy Sacramento:the individual level but also at the account level, which is extremely useful.
Jeremy Sacramento:So when you've got an entrepreneur, who's sending out an email newsletter,
Jeremy Sacramento:who's running a podcast, who's, you know, producing a bunch of blog posts.
Jeremy Sacramento:Then, we answer the question, 'Is that working or is it not
Jeremy Sacramento:working?' That is fundamentally what we're trying to achieve.
Jim James:And that's wonderful because, presumably, then you're helping the
Jim James:business owner to optimise their activities decide what's working and
Jim James:what's not, is that right, Jeremy?
Jeremy Sacramento:Exactly.
Jeremy Sacramento:So what ll you find is whether that email newsletter you're sending has actually
Jeremy Sacramento:generated because attribution, and we'll get now into the attribution aspect,
Jeremy Sacramento:is fundamentally linking your inputs.
Jeremy Sacramento:So your marketing efforts with revenue and actual business outcomes.
Jeremy Sacramento:So it's moving past the simple traffic metrics or simple conversion metrics.
Jeremy Sacramento:It's actually going further down the funnel and saying, "Okay,
Jeremy Sacramento:is this generating revenue?"
Jeremy Sacramento:Especially you've got a product that you're selling.
Jeremy Sacramento:So you will then see, "Okay right.
Jeremy Sacramento:My Google ad, this Google ad campaign, has brought in 20 customers.
Jeremy Sacramento:Whereas this other one has only brought in two.
Jeremy Sacramento:You know, I know now where I want to invest my money."
Jim James:Well, that's really good.
Jim James:So you can really analyse and optimise the campaigns as well.
Jim James:You have touched on a point that I have to ask you, which
Jim James:is about compliance with GDPR.
Jim James:And of course, now iOS is having blockers as well, which make you
Jim James:a big impact on trackability.
Jim James:How do you overcome that?
Jim James:Because that would seem to undermine, if you like, the very
Jim James:essence of what you're doing.
Jeremy Sacramento:Yeah, and that is a question we get all the time,
Jeremy Sacramento:especially in the wake of Google analytics being barred in, I think,
Jeremy Sacramento:it's France or a number of European countries, because they've broken GDPR
Jeremy Sacramento:compliance by sending data over to the US.
Jeremy Sacramento:So, Dreamdata and most other attribution platforms use first-party
Jeremy Sacramento:data, which is consent-based cookies.
Jeremy Sacramento:Basically, when you press accept on the cookie banner that pops up, and
Jeremy Sacramento:the data always resides in the EU.
Jeremy Sacramento:So it's GDPR compliant by default, and it's become a very
Jeremy Sacramento:important subject metaphor for all of our prospective customers.
Jeremy Sacramento:and one which we are happy to say that we fulfill in its entirety.
Jim James:Yeah, of course.
Jim James:And I'm sure that's fantastic, Jeremy, that we've reassured everybody with that.
Jim James:Can we just talk about how much of the customer journey takes place before the
Jim James:customer—B2B or consumer—actually makes a purchase because it seems there's
Jim James:been a fundamental shift in that.
Jim James:And that would seem to be why a platform like Dreamdata can give an awareness
Jim James:of the behavior and really who is that customer before they even get to talk
Jim James:to the sales person, or in store, or the online customer service person.
Jim James:Can you just tell us a bit more about how customer journeys are changing and
Jim James:why we'd need a platform like Dreamdata?
Jeremy Sacramento:Well, that's absolutely correct, Jim.
Jeremy Sacramento:And I was mentioning before how the customer journey is becoming more complex
Jeremy Sacramento:and it's all this— the overabundance of content across all these channels.
Jeremy Sacramento:And consumers are spoiled for choice, let's face it, on all spaces
Jeremy Sacramento:so they can spend time, they try products as online-based products,
Jeremy Sacramento:especially like Dreamdata, you know, and you get free offerings.
Jeremy Sacramento:So they might be able to research, they might be able to go into review sites.
Jeremy Sacramento:They'll spend time reading blogs, comparison articles.
Jeremy Sacramento:They'll listen to podcasts, they'll watch webinars, YouTube videos, you name it.
Jeremy Sacramento:They're going to spend all this time, they can even sign up and try a product
Jeremy Sacramento:for free, or before even coming into contact with anyone, which is insane.
Jeremy Sacramento:When you think about piecing together your customer journey and knowing
Jeremy Sacramento:what's working and what isn't.
Jeremy Sacramento:All this is happening in this kind of digital space, mostly.
Jeremy Sacramento:And it's fundamental to any business owner, any leader, to
Jeremy Sacramento:know what is happening and whether what's happening there is working.
Jeremy Sacramento:You want to gain that competitive advantage.
Jeremy Sacramento:You want to do so efficiently.
Jeremy Sacramento:You want to spend on your ads efficiently.
Jeremy Sacramento:You want to run good email campaigns.
Jeremy Sacramento:This is all going to happen in that space.
Jeremy Sacramento:I mean, the figure that is bounced around quite often is that 60% of the
Jeremy Sacramento:customer journey is happening before that actual interaction with an individual.
Jeremy Sacramento:This is what we're helping to clarify.
Jim James:Okay, Jeremy, I have a question for you.
Jim James:You've identified different kinds of platforms, right?
Jim James:So some will be my own channels, my own YouTube account or my own
Jim James:Facebook account, for example.
Jim James:But some of those, for example, Glassdoor, or Trustpilot, or Google reviews, I
Jim James:may not have a campaign running or even have an account on some of those.
Jim James:How do you track the universe where there are actually some that we don't have
Jim James:an account on those social channels?
Jeremy Sacramento:Yeah, so there's a number of ways that it might happen.
Jeremy Sacramento:And I guess this touches on a topic that we might want to discuss, that
Jeremy Sacramento:attribution and customer journey mapping is not a silver bullet, you
Jeremy Sacramento:know, it can't give you 100% clarity.
Jeremy Sacramento:It's impossible.
Jeremy Sacramento:But where those touch points are recordable, for example, typically you're
Jeremy Sacramento:using, there'll be a UTM parameter.
Jeremy Sacramento:So when that individual has been to review and jumps into your site,
Jeremy Sacramento:a UTM parameter might be added.
Jeremy Sacramento:If you're not doing so, this is good practice to make sure that it's added.
Jeremy Sacramento:And then that will then start being tracked.
Jim James:Sorry.
Jim James:Let me interrupt.
Jim James:What's a UTM for those of us that aren't familiar with the term?
Jeremy Sacramento:You've probably seen it when you've got a link, typically on
Jeremy Sacramento:Facebook, that you've clicked through.
Jeremy Sacramento:You'll get the website URL.
Jeremy Sacramento:So like the website name, www.unnoticed.cc.
Jeremy Sacramento:And then, forward /sourcexmediumx, and that is the UTM parameter.
Jeremy Sacramento:It's kind of data on where that link has come from.
Jim James:Okay.
Jim James:So it's some universal tracking metadata or something.
Jeremy Sacramento:Precisely.
Jeremy Sacramento:So what you want to be doing is ensuring that wherever you've got links coming
Jeremy Sacramento:into your site, where you are tracking individuals to have these parameters,
Jeremy Sacramento:for example, this is a cheap shot.
Jeremy Sacramento:Otherwise, you want to have accounts and find ways to pull
Jeremy Sacramento:data out of those systems.
Jim James:Okay, so what you might do is, for example, if you find you're
Jim James:getting data or leads from something like, you know, review sites, you
Jim James:might then decide to create your own review site to capitalise on that.
Jim James:Jeremy, this sounds very clever.
Jim James:How clever would I need to be to run Dreamdata?
Jim James:Is it beyond the reamer of a humble PR guy like myself?
Jeremy Sacramento:The short answer is no.
Jeremy Sacramento:But I guess there are two layers to that question.
Jeremy Sacramento:The tech side, so setting it up has kind of presents some level of
Jeremy Sacramento:complexity, but we're happy to say that our free offering is becoming
Jeremy Sacramento:one where it's self-service entirely.
Jeremy Sacramento:At the click of a button, you'll be able to do your tracking.
Jeremy Sacramento:And then, there's...
Jeremy Sacramento:the more tools you have, how can I put it nicely?
Jeremy Sacramento:So the more tools you have, the more messy your data is and the harder it's going
Jeremy Sacramento:to be to track and to connect it all.
Jeremy Sacramento:So I guess it's dependent on each use case that this is the tech space.
Jeremy Sacramento:So the more complicated your tech stack, the harder it's going
Jeremy Sacramento:to be to piece it all together.
Jeremy Sacramento:Now, let's hypothetically assume that everything's connected and in place.
Jeremy Sacramento:As a marketer, how marketing savvy does one have to be to use and
Jeremy Sacramento:understand attribution in Dreamdata?
Jeremy Sacramento:Well, not so much.
Jeremy Sacramento:I think it's better described as a culture shift.
Jeremy Sacramento:A lot of people aren't used to working with metrics that are
Jeremy Sacramento:revenue-based or pipeline-based.
Jeremy Sacramento:So, you know, people are very used to working with traffic— the number of
Jeremy Sacramento:visitors, bounce rates, conversion rates.
Jeremy Sacramento:But when you start, you know, exposing the marketing team or an individual to,
Jeremy Sacramento:okay, your campaign's only generated X amount of revenue, then you kind of need a
Jeremy Sacramento:grapple with what that represents, because it might have to kill some darlings.
Jim James:Yeah, but I think from what I've seen of your website, actually
Jim James:integration is pretty much you sign up for an account and then you give it access to
Jim James:the data for your other platforms, right?
Jim James:So you just connect them.
Jim James:And then, a bit like a bank feed through the open banking forum, it's automatically
Jim James:pulling data and then putting that into the dashboards, isn't it?
Jim James:So it looks like the integration is pretty straightforward to be honest.
Jeremy Sacramento:That's correct.
Jeremy Sacramento:Yeah.
Jeremy Sacramento:And it saves individuals from having to do all that Excel process
Jeremy Sacramento:that you were describing before.
Jeremy Sacramento:Once all the integrations are in place, once you've got all your tools on your
Jeremy Sacramento:tech stack connected with Dreamdata, those dashboards are just going to be running
Jeremy Sacramento:and kind of modelling the data, and you're going to have this nice interface
Jeremy Sacramento:which you can, you know, optimise, as you said earlier, your campaigns and
Jeremy Sacramento:your channels and make sure you're spending your money where you should be.
Jim James:And I love the way that it looks as though the displays are
Jim James:showing sort of both the snapshot, if you like, but also over time.
Jim James:So a bit like having a cash flow statement, you know, and a P&L,
Jim James:and a balance sheet, it looks as though you're getting sort of
Jim James:different views of the same data, Jeremy, which is really fantastic.
Jim James:A question we need to have a attribution...
Jim James:can you just give us your definition of attribution for those of us
Jim James:that are not really in that space?
Jeremy Sacramento:So again, at its most fundamental, it's
Jeremy Sacramento:connecting your marketing efforts, your go-to-market efforts.
Jeremy Sacramento:So everything you're doing to try and sell your product with business
Jeremy Sacramento:outcomes and revenue, that is, I guess, in the abstract sense.
Jeremy Sacramento:In practice, what happens is you're assigning credit to those touches that
Jeremy Sacramento:are happening, again, when a user clicks on a paid ad, when a user read your
Jeremy Sacramento:newsletter, watches a podcast, you're assigning credit so that you can better
Jeremy Sacramento:understand where the better performers are, where the weaker performers
Jeremy Sacramento:are, which ones you should cut, which ones you should scale and repeat.
Jeremy Sacramento:And, ultimately, I guess, understand your revenue streams better.
Jim James:So here's the question then for you, Jeremy, can I actually see the names
Jim James:of those people or are they all anonymous?
Jim James:Because they're all, I guess, you know, tracking cookies, right?
Jim James:Or pixels of some kind.
Jim James:Is it anonymous or do I actually get names and addresses
Jim James:starting to feed into my CRM?
Jeremy Sacramento:Yeah, well, you'll get the names and addresses.
Jeremy Sacramento:And for B2B, which is one of our main target audience, you'll get the company.
Jeremy Sacramento:And this happens as soon as they identify themselves through a form submission.
Jeremy Sacramento:Let's say they sign up to your newsletter and you've asked for their
Jeremy Sacramento:name, that will get kind of channelled through to the customer profile.
Jeremy Sacramento:Of course, it will be anonymous for as long as it needs to be - given, you know,
Jeremy Sacramento:the privacy issues you've already raised.
Jeremy Sacramento:But yeah, you can get a data enrichment, as it's called, you know, you will get
Jeremy Sacramento:an "Enriched Customer Profile," with all the relevant details that you need
Jeremy Sacramento:to improve your marketing and sales, and build audiences, for example.
Jim James:So Jeremy, that's fantastic.
Jim James:So it sounds as though with the freemium model, a company of any size
Jim James:could sign up and use Dreamdata to optimise their marketing and advertising
Jim James:content strategy, is that right?
Jeremy Sacramento:That is absolutely correct.
Jeremy Sacramento:Yeah.
Jeremy Sacramento:There's there are three pricing tiers.
Jeremy Sacramento:We've got the free offering, where you're limited in the number
Jeremy Sacramento:of integrations you can make.
Jeremy Sacramento:Basically, it's available to anyone.
Jeremy Sacramento:Again, I would limit it to the B2B space, that's what we're focusing.
Jeremy Sacramento:So especially you're selling two businesses.
Jeremy Sacramento:Then we've got a team offering with some more add-ons.
Jeremy Sacramento:And finally the business level, which is targeting, I guess, people
Jeremy Sacramento:that might not be in your audience bigger, bigger, bigger businesses.
Jim James:The large enterprises.
Jim James:Now you talk about our audience, Jeremy, how is Dreamdata doing
Jim James:its own PR and getting noticed?
Jim James:Because as you know, I love to hear how companies do their
Jim James:own work for getting noticed.
Jim James:So how are you doing that?
Jeremy Sacramento:So, yeah, we are running the familiar motions.
Jeremy Sacramento:We are running paid ads principally on Google but also on LinkedIn.
Jeremy Sacramento:Again, as a B2B company, we know that our audience is lurking on LinkedIn.
Jeremy Sacramento:So it's an extremely valuable channel.
Jeremy Sacramento:We're also running emails, content, we've got a blog.
Jeremy Sacramento:We've got some YouTube videos.
Jeremy Sacramento:But I mean, something that tackles this side, I don't know if you're
Jeremy Sacramento:aware of "The Dark Funnel."
Jeremy Sacramento:So, you know, exposure to a brand without an actual touch taking place.
Jeremy Sacramento:We have "Employee advocacy."
Jeremy Sacramento:So we have...
Jeremy Sacramento:we encourage "Social Selling."
Jeremy Sacramento:So using LinkedIn as an individual, as Jeremy, for example, to try
Jeremy Sacramento:and generate demand for Dreamdata.
Jeremy Sacramento:So like the company has a culture where you're encouraged just to, you know,
Jeremy Sacramento:spend time on LinkedIn, get your posts up.
Jeremy Sacramento:I put a couple of memes recently that went, you know, did quite well.
Jeremy Sacramento:And then, people that are lurking in your followers within the space
Jeremy Sacramento:that you want to be selling to are now exposed to your brand.
Jeremy Sacramento:So we're trying to cover as much space as possible, from paid to organic stuff.
Jim James:I love that term, "The Dark Funnel."
Jim James:Is that what it's called?
Jim James:I've never heard that term before.
Jim James:It sounds a little bit Star Wars, like, but The Dark Funnel.
Jeremy Sacramento:Yeah, that's correct.
Jeremy Sacramento:I mean, it's a space, there are a couple of LinkedIn influences that come to
Jeremy Sacramento:mind that are really pushing that term.
Jeremy Sacramento:But the, it is now become entrenched in marketing circles.
Jeremy Sacramento:It's, yeah, everything that's happening on a non-touch basis.
Jeremy Sacramento:So are you exposed to certain individuals from certain brands that are kind of
Jeremy Sacramento:actually, you know, getting you to making you aware, sorry, of, of their product.
Jeremy Sacramento:Yeah, The Dark Funnel.
Jim James:Wow, Jeremy.
Jim James:That's fantastic.
Jim James:So we've been talking with you, Jeremy Sacramento, content manager at
Jim James:dreamdata.io is the website, isn't it?
Jim James:And talking about whether attribution is the silver bullet for understanding,
Jim James:you know, where your customers are before they even come and
Jim James:talk to you about buying from you.
Jim James:So, Jeremy, thank you so much for joining me, Jim James, on this episode
Jim James:of The UnNoticed Entrepreneur, and clarifying a whole new area of work
Jim James:that, personally, I had no idea about.
Jim James:So thank you so much.
Jeremy Sacramento:Thank you, Jim.
Jim James:So you've been on the show with me, Jim James, and Jeremy
Jim James:Sacramento over in Copenhagen.
Jim James:And, I will, of course, put his details and the details of
Jim James:dreamdata.io in the show notes.
Jim James:And I encourage you to have a look, and as it's a free sign up.
Jim James:I personally am going to be trying this because I've got so many different
Jim James:channels to communicate that I've been desperately looking for a way to
Jim James:aggregate that and create a dashboard, and optimise the PR that we do.
Jim James:And I'm sure that'll be of value to you too.
Jim James:So thank you so much for listening to this episode of The UnNoticed Entrepreneur.