But what happens when you try to calculate your Return On Investment (ROI) from all your mobile advertising campaigns? The main challenge for advertisers is that many users who click on a mobile ad just do research on the advertised product, without actually buying it. A recent study by Monetate showed that mobile conversion rates are generally lower than the ones from non-mobile devices (laptops, desktop computers).
Why Cross-Device Conversion Tracking Is So Important
How can you determine if mobile consumers researched the product/service on their mobile devices and then returned to the website to purchase it? How could marketers justify their mobile advertising spend? This is where cross-device conversion tracking comes in. Not so long ago Google has announced a new AdWords feature “Enhanced Campaigns“, which allows advertisers to target mobile and desktop users separately from a single campaign, making the ads more relevant to the customer. The new feature will give advertisers the opportunity to see if the customers have interacted with the ad through different devices, making it possible to account assisted advertising revenue to the mobile channel, given that the customer is logged-in to his/her Google account. The cross-device tracking feature should be added to Enhanced Campaigns within the next 3-4 months.
What It Means For Mobile Marketers & Advertisers
In the past it was very difficult for advertisers and mobile marketers to justify their mobile ad spend. Many clients didn’t want to invest in mobile advertising due to low conversion rares and low ROI, which made the mobile channel less attractive to invest in. Thanks to the new feature, marketers will be able to show a new range of cross-device assisted conversions, making mobile advertising look better for companies. We can expect mobile advertising budgets to increase and more companies to enter the mobile advertising market. This would, of course, lead to higher competition, hence higher mobile CPC’s. What do you think will change with cross-device conversion tracking being launched?
