Matt Pattoli

Founder at Cometly

September 4, 2024

15 minute read

Tracking Closed Won Revenue: How Cometly Tracks CRM Deals to the Correct Marketing Source

Introduction

In the complex world of B2B marketing, understanding where your conversions and revenue are coming from is not just important—it's essential for making informed decisions that can drive your business forward. Without accurate pipeline attribution, it’s nearly impossible to know which marketing efforts are truly paying off. This leads to wasted budget on underperforming channels, missed opportunities to double down on successful campaigns, and an overall lack of clarity about the effectiveness of your marketing strategy.

Many B2B companies struggle with this very issue: they lack a robust system that can track revenue all the way through the pipeline, from the first touchpoint to the closed-won deal. The result? Inaccurate data, misaligned resources, and an inability to confidently say which marketing sources are driving real business value.

But it doesn’t have to be this way. In this article, we’ll explore how implementing Cometly can solve these pain points by providing precise attribution tracking. With Cometly, you’ll be able to track your deal revenue with accuracy, connect each closed-won deal back to its correct source, and gain actionable insights that will empower you to invest your marketing dollars where they’ll have the greatest impact.

The Importance of Revenue Attribution

Understanding the Buyer Journey

Every successful deal in your pipeline follows a journey, from the first interaction with your brand to the final closed-won status. Understanding this journey is key to optimizing your marketing strategies. By tracking every touchpoint, especially those leading to closed-won deals, you can gain valuable insights into which channels and campaigns are driving revenue.

Benefits of Accurate Attribution

Accurate revenue attribution is not just about knowing where your leads are coming from; it’s about understanding which channels and campaigns are truly contributing to your bottom line. By identifying high-performing channels, you can optimize your budget, focus on what’s working, and ultimately improve your overall ROI.

How Cometly Works: Pipeline Attribution

Installing the Cometly Pixel

The Cometly pixel is the cornerstone of tracking every interaction your prospects have with your website. Once installed, it monitors page visits, touchpoints, and even captures form data, ensuring that no lead goes unnoticed.

Easy Pixel Installation: Simply add the Cometly pixel to the <head> of your website and verify your pixel installation using our Cometly Pixel Helper Google Chrome plugin.

Automatic Form Capture and Lead Tracking

When a form on your website is submitted, Cometly’s pixel automatically captures key form fields such as first name, last name, email, and phone number. This information is immediately stored in Cometly. When your CRM receives the new lead, it sends a lead event back to Cometly. Cometly then associates this event with the stored contact, along with all the journey data leading up to the form submission, including page visits, original source, ad clicks, and more.

Tracking Deal Creation and Closed Won Events

When a deal is created, a "deal created" event is sent to Cometly, allowing you to track the deal’s value from the moment it enters your pipeline. As the deal moves to a closed-won status, a "closed-won" event is triggered, enabling you to see the revenue generated.

Viewing the Data

Using the Cometly Report Builder & Dashboards

The Cometly Report Builder allows you to create high-level reports that give you a comprehensive view of your marketing performance. By applying various attribution models—such as linear, first touch, last touch, and u-shaped—you can analyze your data from different perspectives and gain insights into which channels and campaigns are most effective. Cometly enables you to build the reports meaningful to your business and add them to customizable dashboards within your account.

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Analyzing Ad Performance with Cometly Ads Manager

Cometly Ads Manager provides a detailed view of how your ads are performing. You can see exactly which ads are driving revenue, allowing you to fine-tune your ad spend for maximum effectiveness. With the ability to switch between different attribution models and windows, you can gain varied insights and understand which ads are truly contributing to your bottom line.

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Send Data Back to Ad Platforms For Better Ad Results

Boost Event Match Quality

Cometly’s Match Score Enhancer syncs precise customer data with your ad platforms, improving match rates and targeting accuracy. With better data, your ads reach the right audience, resulting in better conversion rates and higher profit.

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To learn more about how the Cometly conversion API works, please click this resource article.

Accurately tracking and analyzing your deal revenue is essential for optimizing your marketing efforts and driving business growth. Cometly provides the tools you need to not only track your buyer journey but also gain actionable insights from high-level reports to granular ad performance analysis. Start using Cometly today to take full control of your marketing spend and ensure that every dollar is driving results.