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Wicked releases new mission control report with help from our partners at Google
Today Wicked Reports announced the beta release of an entirely re-imagined Mission Control report...
Strategy
ClickFunnels chose Wicked Reports to connect their ads to specific sales, so they could measure the long-term ROI of paid campaigns.
Being able to see attribution outside the typical 28-day attribution window allowed them to see more accurately which campaigns were converting customers who took longer to purchase.
ClickFunnels was able to use the Wicked Reports New Lead Cohort Report to see the improvements of their marketing efforts over time - they could see LTV increasing month-to-month as they optimized their ads not just for CPL but with a focus on bringing in high LTV customers.
This is especially important for a subscription service company like ClickFunnels, where recurring revenue from loyal customers is critical to growing their business.
Wicked Reports is the only attribution software that automatically tracks recurring revenue and differentiates it from new sales. Our competitors either track it all together, rely on uncertain algorithms like a range of dates for a second sale, or require you to manually tag recurring sales.
From the New Lead Cohort Report is is easy to see how ClickFunnels has been increasing their LTV over time.
Increased LTV means not only that they are bringing in high quality leads, but also that they are delivering a superior product that matches their marketing messaging, so people stay with the company and remain subscribers for years.
ClickFunnels didn't just focus on bringing in leads.
They converted those leads to paying customers, those customers into high LTV long-term subscribers, and those subscribers into affiliates who promoted their product.
We can't emphasis enough here at Wicked - our clients that truly excel and grow to 7+ figures a month are the clients who focus on delivery, customer service, and turning exemplary customers into superfans who bring them more high LTV customers.
ClickFunnels is phenomenally successful at this - delivering a superior SaaS product and continuing to grow without having to exponentially scale ad spend.
Using Wicked Reports, ClickFunnels can see the fruit of this labor and focus on spending ad budget only on targeted, proven campaigns rather than wasting money on a shotgun approach.
Why Wicked?
ClickFunnels business characteristics makes Wicked Reports the only attribution software that does everything they need to accurately track revenue.
People-Based Tracking™
Our competition depends on a lead staying on the same device and on FB/Google/UTM click attribution to track sales activity accurately. This is true for Facebook, Google, and other competing 3rd party software.
Inside competitor dashboards, clients frequently see more sales attributed than actual revenue, because unfortunately attribution tracking allows the same sale to be attributed to multiple traffic sources.
In Wicked, this is not possible. Our technology works even if the lead changes devices.
For example, if a lead clicks on a Google ad on desktop and then clicks on a Facebook ad on their mobile device and makes a purchase several days later, our competitors would credit both Google and Facebook the same sale to different leads.
Wicked would be able to credit first-click attribution to the Google ad and last-click attribution to the Facebook ad, both to the same exact lead.
That is why we call it People-Based Tracking™.
Subscription and Recurring Revenue Attribution
Wicked tracks recurring or subscription sales accurately regardless of when they happen, automatically without any action on your part.
For example, if a lead clicks on a Google ad for a subscription product or service and purchases, our competitors would track that as a first sale.
Using competitor software, if that same person then orders another product it would either be counted as a new sale, or might be attributed if it's within a very limited logic (like a 30 day to 1 year date range), or you would have to manually identify it as a recurring sale.
In Wicked, that same sale would be tracked properly as recurring revenue regardless of when the second sale occurs. Even if it happens 2 years later, Wicked will properly attribute that second sale as recurring revenue to the correct lead and not a new customer.
Offline Conversion Tracking
Competitors require manual use of offline conversions to pass offline conversions back to FB or Google. This limits your ability to label conversions and track sales.
Wicked uses integrated APIs created WITH Facebook and Google to automatically pass offline conversions back natively through the API rather than by using a custom offline conversion.
For example, to optimize for an offline conversion with a competing software, you would need to create a custom offline conversion and optimize the objective, which limits your ability to track sales using standard events like purchase. This would also be manually managed, so you would need to upload to Facebook or Google of those offline conversions periodically, resulting in slower optimization.
Wicked's partnerships with Facebook and Google have allowed them access to the actual API tables, so everything occurs automatically and you can optimize to any objective.
Automatically Generated UTMs for Google, Facebook, and Email
Competing software requires manual creation and installation of UTM tagging to track clicks. Wicked does this automatically.
For example, you would need to log in to their app and use the UTM parameter generator for all your email links individually.
For most CRMs, Wicked will do this automatically so you don't have to.
Wicked Reports is the only solution that connects lead generation to high value customers over time using 1st party CRM and sales data.
"Wicked Reports has given us increased insight into return on ad spend, which is otherwise a hard number to come to. It ties back revenue to very specific advertising efforts. This has increased our revenue overall and decreased our wasted ad spend."
- John Parkes, ClickFunnels
