Performance marketers are masters of efficiency.They know all the tricks to drive online leads and sales through their digital channels in the most cost-effective way possible. But many are ignoring a high-value stream of revenue — the phone caller can appear complicated because it combines both online and offline elements. But with the right pay-per-call platform, advertisers, publishers, and agencies are empowered to generate, track, and analyze inbound calls the same way they do online traffic.For those of you who are still trying to grasp the finer points of pay-per-call, here are some FAQs to get you in the game:
Pay-per-call is a type of performance marketing where an advertiser pays publishers (also known as affiliates or distribution partners) for quality calls generated on the advertiser's behalf. Put simply, pay-per-call tracks calls the same way performance networks tracks clicks.Here's how it works:Advertisers create marketing campaigns designed to drive prospective customers to connect over the phone. A publisher then launches these call-based campaigns and gets credit for the calls they generate.
Pay-per-call is all about intention. When compared to digital ads or posts, customers calling are much more likely to convert because they’re getting the direct connection to an actual person that they’re looking for. Ads may lead to clicks but it doesn’t guarantee conversion. Calls have evolved past the point of interest and either mean a customer is pretty much ready to make a purchase, or needing just a bit more information to get over the threshold of converting. In the end, this all allows for increased ROI and your lead quality is higher.
Customers making calls for purchasing your products or services are low hanging fruit when it comes to gathering leads. They’ve done their homework and are ready to make a purchase, or they need more clarification and are looking to connect with a real person to fill in the blanks before making said purchase. According to a recent study, investing in pay-per-call means higher ROI, and an investment in a 30%-50% conversion rate when compared to clicks which is only 1-2%.
Advertisers who choose to publish pay-per-call campaigns are able to expand their distribution and inbound call volume across multiple channels with minimum added work on their part. They also have the benefit of complete visibility and control over call traffic and customer experience.Maintaining brand integrity and ensuring an optimal customer experience is key when working with new publishers. Pay-per-call gives brands the control they need to test new pay-per-call campaigns and publishers with little risk.
The best verticals for pay-per-call are considered purchase industries that focus on lead generation like healthcare, insurance, home services, travel, legal services, financial services, etc. It also works well with any high-consideration product or service where customers usually require a human touch at some point in the purchase journey. From a retail perspective, anything with an average order value north of $400 are also good candidates.
With pay-per-call, publishers can develop a new stream of revenue within their existing business model. It's not about clicks or calls, it's clicks and calls. Pay per call provides an opportunity to monetize online and phone traffic using the existing channels and promotional methods. Publishers will also have the same tracking capabilities and analytics for call traffic that they use for online traffic.They will also have access to new high-value offers with higher commissions.
Pay-per-call doesn’t come without its challenges, and data is key. It can be especially overwhelming if your pay-per-call set up is new. Similarly to managing digital ads, you’re going to go through some growing pains until there’s enough data collected to figure out what changes need to be made. Once enough information has been collected, managing and tracking the results of your campaign is the next important step. Luckily, Invoca’s AI call tracking, analytics, and attribution capabilities will allow your team to learn what’s working well, what’s not, how to adjust, and in the end to monetize calls.
Qualifying leads can be an obstacle as well. Invoca’s AI comes into play here again because it’s capable of automatically analyzing lead quality of every call, even those that are directed from affiliates. This automatization will save your teams’ time, resources, and allow them to focus towards vetted leads that are more than likely to convert.
Partnering with the right affiliate can be difficult as well. It's really important to make sure your goals, objectives, and industries are aligned. You want the relationship to be beneficial to you both, and if it’s not, it may be time to “swipe left” and move on. Once a strong alliance has been established, like any relationship, it needs to be maintained so that you both can benefit from it! Steve Jobs said it best, “Great things in business are never done by one person. They’re done by a team of people.”
Pay-per-call campaigns get great results from both online and traditional marketing tactics. At Invoca, we see advertisers and publishers driving impressive results through paid/mobile search, display advertising, search engine optimization (SEO), email, print advertising and radio.
A pay-per-call affiliate network is a sort of win-win relationship. An affiliate will promote your service with a specifically assigned phone number so when calls are made the affiliate gets partial credit, customers are still connected directly to you, and you each get a “piece of the pie” if a sales conversion is made. Now imagine the potential revenue from an entire NETWORK of affiliates!
Invoca tracks phone calls in two primary ways:1. Unique tracking phone number — Each publisher or campaign is assigned a specific phone number. When a customer calls using that phone number, it is tied to the original source.2. Dynamic tracking phone numbers — By placing a small snippet of code on a website or landing page, unique tracking numbers are automatically populated which capture key online touch points leading to a call - including publisher or referral source, campaign, and keyword.
Advertisers set the criteria that define if a call is commissionable. Typically this is based on the length of the phone call, in addition to other qualifying factors such as the date and time of the call, region of the call, or even the outcome of a call such as a sale or other type of conversion. Unanswered calls or repeat calls also do not typically qualify for commission. Some agencies also use Invoca Signal AI to analyze and classify calls in real time. With Signal AI, agencies can prove to their brand customers that they are providing value and driving conversions and pay publishers for calls that actually resulted in sales.
Yes! Calls can be filtered based on conditions such as time and day of call, geographic location of the caller, phone type, and repeat vs. new caller. Invoca can also filter calls using customers' responses to questions and phone prompts through the interactive voice response (IVR). Based upon these conditions, the advertiser can adjust how much calls should be commissioned. This allows them to pay out higher commission for higher quality calls.
Yes. Invoca has a feature that allows you to set up rules to automatically route calls to the best destination. For example, a publisher can run a non-branded auto insurance campaign so they can drive calls to several auto insurance advertisers. Based on conditions like the time of a call, the caller's geographic location, or their response to certain questions, the call will be routed to the advertiser that can best help them. This translates to a relevant customer experience and enables the publisher to maximize the number of calls they can receive commissions for. This feature works similarly for advertisers that have multiple stores or locations.
For customers, making a call through a pay-per-call program is very similar to calling a business directly. Depending on the routing and filtering rules in place, calls will be connected to the advertiser as they normally would. If an IVR is in place, the customer will first go through the IVR prompts just as they would with any phone menu system. The customer won't be able to tell the difference.
There are a number of ways to get started. Invoca provides the technology that powers pay-per-call programs for the leading performance networks, such as CJ Affiliate and Visiqua. For advertisers and publishers that already work with a network, contact your network to see if they have a pay per call program in place.Invoca also partners with technology vendors such as CAKE and Tune by HasOffers, and we have technology integrations with CRM and marketing automation and analytics solutions so you can easily add Invoca's pay per call platform to your marketing mix.We hope these FAQs gave you a clearer picture of pay per call marketing. For those of you familiar with performance marketing, pay per call is just the next logical step.
Ready to learn more about how Invoca can help you track and optimize your pay-per-call efforts? Download your copy of The Ultimate Guide to Conversation Intelligence.