Richard Lawrence - How to measure the impact of LinkedIn ads with zero clicks - Brighton SEO.pdf

R
Richard LawrenceRichard Lawrence
How to measure the
impact of LinkedIn ads
with zero clicks
Richard Lawrence
Sanity
Full post: bit.ly/linkedin-zero-clicks
@richlawre
@richlawre
● Principal search
strategist at Sanity
Who is this guy anyway?
Who is this guy anyway?
@richlawre
● Sanity is a modern
headless CMS and
more!
Onto some context
@richlawre
LinkedIn has already proven itself to have
value for advertisers
@richlawre
40%
of B2B
advertisers say
they get quality
leads from
LinkedIn
https://sproutsocial.com/insights/linkedin-statistics/
But is the full value being captured?
https://www.linkedin.com/pulse/linkedin-ad-benchmarks-aj-wilcox
0.08%
is the average
click through
rate to a website
@richlawre
Wouldn’t it be great if we could link your sales
with LinkedIn ads impressions?
@richlawre
I’m going to walk you through a process
Analysing the
impact on
sales
Analysing the
impact on
website behaviour
@richlawre
Extracting
LinkedIn ads
data
Starting at extracting the data
Analysing the
impact on
sales
Analysing the
impact on
website behaviour
@richlawre
Extracting
LinkedIn ads
data
You can get some insights about who has seen
& engaged with ads from the UI
@richlawre
But this is nowhere near the whole story
@richlawre
All
businesses
Ad level
insight
Daily
breakdown
So how do we better?
@richlawre
Get up and running with the LinkedIn API
@richlawre
All
businesses
Ad level
insight
Daily
breakdown
ChatGPT can walk you through it
ASK CHATGPT
@richlawre
But I have also provided a code start on Colab
@richlawre
bit.ly/apistart
And here’s some tips
● Just tell LinkedIn you’re using it for an
internal analytics app
@richlawre
And here’s some tips
● Application took around a day to confirm
@richlawre
And here’s some tips
● Go here to generate token once you have
access:
https://www.linkedin.com/developers/tool
s/oauth
@richlawre
This is the kind of thing you can get
@richlawre
Now onto connecting LinkedIn activity with
sales
Analysing the
impact on
sales
Analysing the
impact on
website behaviour
@richlawre
Extracting
LinkedIn ads
data
You need your data from your CRM
platform
@richlawre
A key problem is that the company names
probably don’t match up
@richlawre
Great Company Great Company
Group PLC
You can use a fuzzy matching algorithm to
solve this
Great Company Great Company
Group PLC
Match @richlawre
Here’s a fuzzy matching algorithm you can use
@richlawre
bit.ly/fuzzyalgo
You can then answer some important
questions
@richlawre
Do video ad impressions have a greater
impact on sales?
We use machine learning to answer these
questions
@richlawre
LinkedIn & Sales
Data
Machine Learning
Model
Learns from the
data how to predict
a sale
Extracts the
features it uses to
predict
Enlightened
Person!
Ah, it finds video
ad impressions to
be an important
predictor
But the data needs to be in the right format
@richlawre
You can use ChatGPT’s Code Interpreter to
guide you through training the model
@richlawre
I want to determining which LinkedIn [Campaigns/Ads/Ad formats etc] are best
associated with sales by training a machine learning model and then using
feature importance.
How to use ChatGPT’s Code Interpreter
@richlawre
Available in
paid version
Switch
on
Choose to
use
But it often runs out of memory, so run the
code in Google Colab
@richlawre
Here is also a useful guide to feature
importance using XGBoost (good ML algo)
@richlawre
bit.ly/xgboost-features
This will give you which features were most
important for predicting sales
Feature Importance for Sales Prediction
Video-based ad
impressions
Text-based ad
impressions
Image-based ad
impressions
@richlawre
Conducting a time-based analysis is also useful
Sale happened
Campaign Impressions vs. Sales
Impressions
@richlawre
You can also look connect ads data with
website behaviour - but why?
Analysing the
impact on
sales
Analysing the
impact on
website behaviour
@richlawre
Extracting
LinkedIn ads
data
Well - what if you don’t have many sales?
Low volume of data
will lead to a poor
prediction model
@richlawre
Going further up the funnel gives you more data
to use for the model
Visit
Conversion
Sale
@richlawre
To do this you need to figure out which
accounts are active on your website
@richlawre
YOUR WEBSITE
IP ENRICHMENT
SERVICE
Great Company PLC
Great
Company
Now you can match up LinkedIn ad impressions
and website activity for accounts
@richlawre
YOUR WEBSITE
Match
IP ENRICHMENT
SERVICE
Great
Company
Great
Company
Great
Company PLC
There are a number of services to choose from
for IP enrichment
@richlawre
Clearbit has a free tier for testing (but only up to
30 lookups)
@richlawre
bit.ly/clearbit-free
So you’re now finding out what predicts website
conversions rather than sales
Do video ad impressions have a greater
impact on sales?
Do video ad impressions have a greater
impact on website visits or conversions?
@richlawre
But which website conversions would work best
for measuring LinkedIn ads success?
@richlawre
YOUR WEBSITE
Well, you are often targeting specific job titles
from organisations on LinkedIn
@richlawre
Developers Directors
Website behaviour segments can help determine
the success of your job title targeting at scale
@richlawre
Behaviour Segment Potential Job Titles
Spends lots of time in your
documentation
Developers
Looks at pricing & high level
content
Directors
YOUR WEBSITE
To get behaviour segments you need to cluster
users by the content they visit to find patterns
@richlawre
DIRECTORS
DEVELOPERS
OTHERS
NO.
VISITS
TO
URL
1
NO. VISITS TO URL 2
I did a presentation about this at Measurefest in
2021
bit.ly/measurefest-21
@richlawre
You can also get some starter code for clustering
from my website
@richlawre
bit.ly/pycluster
Behaviour clustering is easier with event data in
GA4!
@richlawre
@richlawre
But you must link up BigQuery ASAP
bit.ly/BQ-GA4-link
Now you can do the same analysis, but using the
website conversions
@richlawre
ChatGPT‘s Code Interpreter can help like before
Visit
happened
@richlawre
I want to determining which LinkedIn [Campaigns/Ads/Ad formats etc] are best
associated with website conversions by training a machine learning model and
then using feature importance.
How can you take things even further?
@richlawre
Use the results of the analysis to inform other
channels
SALES
Can you use this
content on
other channels?
@richlawre
Add other channels to your analysis
@richlawre
Let’s sum up
@richlawre
LinkedIn might have more value than you realise
@richlawre
Getting setup with the LinkedIn API is a must
@richlawre
You can analyse whether LinkedIn ad impressions
may have led to sales without clicks or
interactions
@richlawre
Or even if LinkedIn ad impressions led to website
visits and website conversions
@richlawre
Some really useful website conversions in the
context of LinkedIn ads are behaviour segments
@richlawre
GA4 provides a better platform to do behaviour
analysis
(setup the BigQuery connection!)
@richlawre
ChatGPT’s Code Interpreter can really help you
with any analysis if you need
@richlawre
A full guide is available for this presentation
@richlawre
bit.ly/linkedin-zero-clicks
Richard Lawrence
Principal at Sanity.io
@richlawre
@richlawre
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Richard Lawrence - How to measure the impact of LinkedIn ads with zero clicks - Brighton SEO.pdf

  • 1. How to measure the impact of LinkedIn ads with zero clicks Richard Lawrence Sanity Full post: bit.ly/linkedin-zero-clicks @richlawre
  • 2. @richlawre ● Principal search strategist at Sanity Who is this guy anyway?
  • 3. Who is this guy anyway? @richlawre ● Sanity is a modern headless CMS and more!
  • 5. LinkedIn has already proven itself to have value for advertisers @richlawre 40% of B2B advertisers say they get quality leads from LinkedIn https://sproutsocial.com/insights/linkedin-statistics/
  • 6. But is the full value being captured? https://www.linkedin.com/pulse/linkedin-ad-benchmarks-aj-wilcox 0.08% is the average click through rate to a website @richlawre
  • 7. Wouldn’t it be great if we could link your sales with LinkedIn ads impressions? @richlawre
  • 8. I’m going to walk you through a process Analysing the impact on sales Analysing the impact on website behaviour @richlawre Extracting LinkedIn ads data
  • 9. Starting at extracting the data Analysing the impact on sales Analysing the impact on website behaviour @richlawre Extracting LinkedIn ads data
  • 10. You can get some insights about who has seen & engaged with ads from the UI @richlawre
  • 11. But this is nowhere near the whole story @richlawre All businesses Ad level insight Daily breakdown
  • 12. So how do we better? @richlawre
  • 13. Get up and running with the LinkedIn API @richlawre All businesses Ad level insight Daily breakdown
  • 14. ChatGPT can walk you through it ASK CHATGPT @richlawre
  • 15. But I have also provided a code start on Colab @richlawre bit.ly/apistart
  • 16. And here’s some tips ● Just tell LinkedIn you’re using it for an internal analytics app @richlawre
  • 17. And here’s some tips ● Application took around a day to confirm @richlawre
  • 18. And here’s some tips ● Go here to generate token once you have access: https://www.linkedin.com/developers/tool s/oauth @richlawre
  • 19. This is the kind of thing you can get @richlawre
  • 20. Now onto connecting LinkedIn activity with sales Analysing the impact on sales Analysing the impact on website behaviour @richlawre Extracting LinkedIn ads data
  • 21. You need your data from your CRM platform @richlawre
  • 22. A key problem is that the company names probably don’t match up @richlawre Great Company Great Company Group PLC
  • 23. You can use a fuzzy matching algorithm to solve this Great Company Great Company Group PLC Match @richlawre
  • 24. Here’s a fuzzy matching algorithm you can use @richlawre bit.ly/fuzzyalgo
  • 25. You can then answer some important questions @richlawre Do video ad impressions have a greater impact on sales?
  • 26. We use machine learning to answer these questions @richlawre LinkedIn & Sales Data Machine Learning Model Learns from the data how to predict a sale Extracts the features it uses to predict Enlightened Person! Ah, it finds video ad impressions to be an important predictor
  • 27. But the data needs to be in the right format @richlawre
  • 28. You can use ChatGPT’s Code Interpreter to guide you through training the model @richlawre I want to determining which LinkedIn [Campaigns/Ads/Ad formats etc] are best associated with sales by training a machine learning model and then using feature importance.
  • 29. How to use ChatGPT’s Code Interpreter @richlawre Available in paid version Switch on Choose to use
  • 30. But it often runs out of memory, so run the code in Google Colab @richlawre
  • 31. Here is also a useful guide to feature importance using XGBoost (good ML algo) @richlawre bit.ly/xgboost-features
  • 32. This will give you which features were most important for predicting sales Feature Importance for Sales Prediction Video-based ad impressions Text-based ad impressions Image-based ad impressions @richlawre
  • 33. Conducting a time-based analysis is also useful Sale happened Campaign Impressions vs. Sales Impressions @richlawre
  • 34. You can also look connect ads data with website behaviour - but why? Analysing the impact on sales Analysing the impact on website behaviour @richlawre Extracting LinkedIn ads data
  • 35. Well - what if you don’t have many sales? Low volume of data will lead to a poor prediction model @richlawre
  • 36. Going further up the funnel gives you more data to use for the model Visit Conversion Sale @richlawre
  • 37. To do this you need to figure out which accounts are active on your website @richlawre YOUR WEBSITE IP ENRICHMENT SERVICE Great Company PLC Great Company
  • 38. Now you can match up LinkedIn ad impressions and website activity for accounts @richlawre YOUR WEBSITE Match IP ENRICHMENT SERVICE Great Company Great Company Great Company PLC
  • 39. There are a number of services to choose from for IP enrichment @richlawre
  • 40. Clearbit has a free tier for testing (but only up to 30 lookups) @richlawre bit.ly/clearbit-free
  • 41. So you’re now finding out what predicts website conversions rather than sales Do video ad impressions have a greater impact on sales? Do video ad impressions have a greater impact on website visits or conversions? @richlawre
  • 42. But which website conversions would work best for measuring LinkedIn ads success? @richlawre YOUR WEBSITE
  • 43. Well, you are often targeting specific job titles from organisations on LinkedIn @richlawre Developers Directors
  • 44. Website behaviour segments can help determine the success of your job title targeting at scale @richlawre Behaviour Segment Potential Job Titles Spends lots of time in your documentation Developers Looks at pricing & high level content Directors YOUR WEBSITE
  • 45. To get behaviour segments you need to cluster users by the content they visit to find patterns @richlawre DIRECTORS DEVELOPERS OTHERS NO. VISITS TO URL 1 NO. VISITS TO URL 2
  • 46. I did a presentation about this at Measurefest in 2021 bit.ly/measurefest-21 @richlawre
  • 47. You can also get some starter code for clustering from my website @richlawre bit.ly/pycluster
  • 48. Behaviour clustering is easier with event data in GA4! @richlawre
  • 49. @richlawre But you must link up BigQuery ASAP bit.ly/BQ-GA4-link
  • 50. Now you can do the same analysis, but using the website conversions @richlawre
  • 51. ChatGPT‘s Code Interpreter can help like before Visit happened @richlawre I want to determining which LinkedIn [Campaigns/Ads/Ad formats etc] are best associated with website conversions by training a machine learning model and then using feature importance.
  • 52. How can you take things even further? @richlawre
  • 53. Use the results of the analysis to inform other channels SALES Can you use this content on other channels? @richlawre
  • 54. Add other channels to your analysis @richlawre
  • 56. LinkedIn might have more value than you realise @richlawre
  • 57. Getting setup with the LinkedIn API is a must @richlawre
  • 58. You can analyse whether LinkedIn ad impressions may have led to sales without clicks or interactions @richlawre
  • 59. Or even if LinkedIn ad impressions led to website visits and website conversions @richlawre
  • 60. Some really useful website conversions in the context of LinkedIn ads are behaviour segments @richlawre
  • 61. GA4 provides a better platform to do behaviour analysis (setup the BigQuery connection!) @richlawre
  • 62. ChatGPT’s Code Interpreter can really help you with any analysis if you need @richlawre
  • 63. A full guide is available for this presentation @richlawre bit.ly/linkedin-zero-clicks
  • 64. Richard Lawrence Principal at Sanity.io @richlawre @richlawre