New LeadsRx Ecosystem Attribution Product Enables Transparency Between Online Marketplaces and Their Trusted Partners within a First-Party Data Framework
LeadsRx innovative "distributed attribution pixel" technology delivers much-needed shared insights among trusted partners
PORTLAND, OR / ACCESSWIRE / January 5, 2021 /LeadsRx, a marketing analytics company, announced the availability of LeadsRx Ecosystem Attribution™ - the first comprehensive platform that maps the customer journey and performs attribution analysis across the websites of network owners and their trusted partners promoting and selling products and services within an industry ecosystem.
Marketing ecosystems are composed of network owners and their partners. In this model, partners sell and promote a product or service, while network owners perform collaborative marketing and are paid a fee to do so by the partner. This is a cooperative relationship, but a single network owner often performs marketing for multiple, even hundreds or thousands, of partners. An ecosystem is formed when multiple competing networks strive to earn the business of partners. Examples of network owners include companies like Zillow, Cars.com, 1-800-Dentist, American Family Insurance, and Papa Murphy's, and they function within an ecosystem for real estate, vehicle sales, dentists, insurance brokers and agents, and franchises.
LeadsRx Ecosystem Attribution, with its innovative distributed attribution pixel technology, allows a network owner to electronically share first-party consumer behavior data in real-time with its trusted partners through an authenticated backbone. When combined with the partner's own first-party data, this results in a complete and accurate picture of the collaborative customer journey leading to shared insights and transparent accountability.
"Online marketplaces, directories, and franchised operations all struggle to show the real value they provide to their partners," said AJ Brown, CEO and co-founder of LeadsRx. "This is a billion-dollar problem for these collaborative marketers who otherwise can only communicate self-reported stats that may not be believed by their partners; by using the LeadsRx distributed attribution pixel, network owners can demonstrate their value in a transparent and trusted way, while also levelling the competitive landscape among network owners and other advertising channels."
Until now, these network marketplaces and their partners have lacked the unbiased analytics and multi-channel data sharing capabilities that LeadsRx Ecosystem Attribution provides. Their current advertising and marketing tech-tools lack the ability to shed light and measure the performance of complex collaborative marketing relationships or provide the performance transparency an entire ecosystem requires.
The Problem with Attribution Across Networks
Currently, owners of a network diligently promote and advertise products and services provided by trusted partners, but they are unable to prove that their efforts are paying off with sales conversions. With network owners on one end and selling partners on the other, capturing an accurate customer journey and attribution analysis across this ecosystem requires collaboration and cooperation among the players.
"When ecosystem players use shared technology like LeadsRx Ecosystem Attribution, network owners can electronically add to the chain of events on a consumer's path to purchase," stated Brown. "This provides much-needed transparency and accountability to spark marketing performance and well-spent budgets."
LeadsRx Ecosystem Attribution makes collaborative marketing and data sharing across marketplaces between network owners and partners possible with new distributed pixel technology. For more information about LeadsRx Ecosystem Attribution, read more about the problem network owners are facing..
A fast innovator and a marketer's choice for 5,000-plus global and local brands, LeadsRx is an unrivalled multi-touch attribution SaaS platform. Powered by a unique Universal Conversion Tracking Pixel™, LeadsRx provides an impartial view of customer journeys, giving each advertising touchpoint proper weight and credit including broadcast media. Founded by marketers, LeadsRx enables companies of any size to elevate marketing performance in a framework that is easily understood delivering sustainable return on ad spend (ROAS). To learn more about how LeadsRx can support you in marketing transformation visit LeadsRx.com. Connect with LeadsRx on Twitter, LinkedIn and Facebook.
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