Multi-Touch Attribution: Why Last-Click Is Killing ROI

Last-click attribution is wrong but convenient. Learn why it systematically misattributes marketing value, how multi-touch attribution works, and what infrastructure it requires.

Multi-Touch Attribution: Why Last-Click Is Killing ROI
Image: Unsplash

Key Takeaways

  • Last-click attribution gives 100% credit to the final touchpoint, ignoring the channels that created awareness.
  • This systematically defunds top-of-funnel growth engines like social and content.
  • True multi-touch attribution requires custom infrastructure to track users across devices and long timeframes.

Last-click attribution is the default because it's easy to implement, not because it's correct. Every marketing platform can track when someone clicked their thing right before converting. So every platform reports conversions based on last-click. It's the path of least resistance.

How Customers Actually Buy

Real customer journey: Saw Facebook ad (didn't click) → Searched your brand on Google a week later → Read three blog posts → Signed up for email list → Got nurture sequence → Visited pricing page → Converted via direct traffic. Last-click attribution says: Direct traffic drove this conversion.

Systematic Misattribution

Last-click creates predictable errors:

  • Top-of-funnel channels get zero credit (Facebook looks ineffective).
  • Bottom-of-funnel channels get all credit (Email looks amazing).
  • Platforms optimize for final clicks instead of relationship building.

What Actually Matters

"The real insight isn't 'multi-touch attribution is better.' It's 'attribution accuracy is valuable enough to justify infrastructure investment at certain scales.'"

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