ROI and ZMOT – depends on the question you’re asking

ZMOT eBookIt’s just over five weeks since our page on ROI went live, and I got grilled on the topic during Social Media Week. Overwhelmingly, the feedback can be categorised with just one keyword, or one acronym to be precise – ZMOT.

The truth – well perhaps a fraction of it at least

For those unfamiliar with these four letters, they stand for Zero Moment Of Truth, an e-book Google published in 2011.

The follow-up ZMOT Handbook (available at the same URL) summarises the main cause for consideration here. In Section 4.2, Join The Attribution Revolution, the Handbook asks: “What do people see that makes them want to buy?”

The question is answered with reference to Google’s multi-channel attribution capabilities:

Unlike channel-specific measurements, multi-channel attribution doesn’t spit out binary results — paid search or display. It jumps silos to analyze how channels work together. At last, you can tell the CMO how your email, SEO and social campaigns helped a sale that got “closed” by paid search.

As more attribution technology has rolled out, adoption has passed a tipping point. We predict that over the next few years, attribution will become standard procedure in digital marketing departments in the mid-market and above.

Such capability is immensely powerful, of that we are in no doubt. Indeed, we help clients define, set-up and manage multi-channel attribution. But here’s two reasons why ZMOT does not contradict our assertions here.